The role role of Financial Development and Technological Innovation towards Sustainable Development in Pakistan: Fresh insights from consumption and territory-based emissions

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dc.authoridAbbasi, Kashif/0000-0002-6775-7468
dc.authoridSalman, Asma/0000-0002-5623-3087
dc.authoridHussain, Khadim/0000-0002-1415-4647
dc.contributor.authorAbbasi, Kashif Raza
dc.contributor.authorHussain, Khadim
dc.contributor.authorHaddad, Akram Masoud
dc.contributor.authorSalman, Asma
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2025-03-07T20:12:54Z
dc.date.available2025-03-07T20:12:54Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractIn the contemporary world, environmental problems are a major human concern. The status of the environment and its management are prerequisites for every country's sustainable development. Following the Paris Climate Summit (COP21), Pakistan has amplified its efforts to address environmental issues. In this pursuit, this study aims to provide a new perspective by examining the impact of economic globalization, financial development, energy use, economic development and technological innovation with consumption and territory-based emissions from 1990Q1 to 2019Q4 in Pakistan. The study used Dynamic Autoregressive-Distributed Lag (ARDL) simulations and Frequency Domain Causality (FDC) methods. The empirical evidence reveals that financial and economic development stimulate both consumption and territory-based emissions in the short and long run. However, energy use intensifies consumption and territory-based emissions only in the long run. Also, in the short-run economic globalization adversely affects consumption and territory-based emissions while in the long run rises just consumption-based emissions. However, technological innovations decrease both emissions substantially in the long term. Finally, FDC outcomes endorsed the hypothesis. The study suggests that policymakers discourage non-renewables and increase renewable energy use to decrease consumption and territory-based emissions. The results would help Pakistan reach more eco-friendly energy technologies and a more sustainable energy environment to accomplish SDG 7 and 13 goals.
dc.identifier.doi10.1016/j.techfore.2021.121444
dc.identifier.issn0040-1625
dc.identifier.issn1873-5509
dc.identifier.scopus2-s2.0-85121595342
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.techfore.2021.121444
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2801
dc.identifier.volume176
dc.identifier.wosWOS:000798321700011
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Science Inc
dc.relation.ispartofTechnological Forecasting and Social Change
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectFinancial development
dc.subjectEnergy use
dc.subjectEconomic globalization
dc.subjectTechnological innovation
dc.titleThe role role of Financial Development and Technological Innovation towards Sustainable Development in Pakistan: Fresh insights from consumption and territory-based emissions
dc.typeArticle

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