How economic globalization affects the ecological footprint in India? A novel dynamic ARDL simulations

IF 1.8 Q2 ECONOMICS

Journal of Economic and Administrative Sciences Pub Date : 2023-02-14 DOI:10.1108/jeas-01-2022-0005

Muhammed Ashiq Villanthenkodath, Shreya Pal

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引用次数: 3

Abstract

PurposeThis study scrutinizes the impact of economic globalization on ecological footprint while endogenizing economic growth and energy consumption during 1990–2018 in India.Design/methodology/approachFor time series analysis, the standard unit root test has been employed to unveil the integration order. Then, the cointegration was confirmed using autoregressive distributed lag (ARDL) analysis. Further, the study executed the dynamic ARDL simulation model to estimate long-run and short-run results along with simulation and robotic prediction.FindingsThe cointegration analysis confirms the existence of a long-run association among variables. Further, economic globalization reduces the ecological footprint in the long-run. Similarly, energy consumption decreases the ecological footprint. In contrast, economic growth spurs the ecological footprint in India.Originality/valueThe present study makes valuable and original contributions to the literature by applying a multivariate ecological footprint function, assessing the impact of economic globalization on ecological footprint while considering economic growth and energy consumption in India.

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经济全球化如何影响印度的生态足迹?一种新颖的动态ARDL仿真方法

本研究考察了1990-2018年印度经济全球化对生态足迹的影响，同时内生了经济增长和能源消耗。设计/方法/方法对于时间序列分析，采用标准单位根检验来揭示积分顺序。然后，利用自回归分布滞后(ARDL)分析对协整进行验证。此外，该研究还执行了动态ARDL仿真模型，以估计长期和短期结果以及仿真和机器人预测。协整分析证实了变量之间存在长期关联。此外，从长远来看，经济全球化减少了生态足迹。同样，能源消耗减少了生态足迹。相比之下，经济增长刺激了印度的生态足迹。原创性/价值本研究运用多元生态足迹函数，评估经济全球化对生态足迹的影响，同时考虑印度的经济增长和能源消耗，为文献做出了有价值的原创性贡献。

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来源期刊

Journal of Economic and Administrative Sciences ECONOMICS-

CiteScore

1.80

自引率

5.60%

发文量