Do natural resources affect environmental quality in MINT Economies? The role of tourism and financial development.

Autor: Faisal F; Department of Accounting and Finance, Institute of Business Studies and Leadership, Faculty of Business and Economics, Abdul Wali Khan University, Mardan, Khyber Pakhtunkhwa, Pakistan. faisal@awkum.edu.pk.; World Peace University, Nicosia Sht. Kemal Ali Omer Sk., No.22 Yenisehir, Lefkosa, TRNC, Mersin 10, Turkey. faisal@awkum.edu.pk.; Faculty of Management, Universiti Teknologi Malaysia (UTM), Johor Bahru, 81310, Johor, Malaysia. faisal@awkum.edu.pk., Rahman SU; Department of Accounting and Finance, Institute of Business Studies and Leadership, Faculty of Business and Economics, Abdul Wali Khan University, Mardan, Khyber Pakhtunkhwa, Pakistan., Ali A; Faculty of Business, Sohar University, Sohar, Oman.; Department of Management Sciences, Shaheed Benazir Bhutto University Sheringal Dir (U), Sheringal, Khyber Pakhtunkhwa, Pakistan., Sulimany HGH; Faculty of Business Administration College, Accounting Department, Taif University, Taif, Saudi Arabia., Bazhair AH; Faculty of Business Administration College, Department of Economic and Finance, Taif University, Taif, Saudi Arabia., Pervaiz R; Faculty of Chemical and Life Sciences, Department of Zoology, Abdul Wali Khan University, Mardan, Khyber Pakhtunkhwa, Pakistan.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2023 Oct; Vol. 30 (47), pp. 103958-103971. Date of Electronic Publication: 2023 Sep 11.
DOI: 10.1007/s11356-023-29520-7
Abstrakt: With the growing nature of the ecological footprint, research studies focus on exploring new determinants of environmental degradation. Moreover, the role of natural resources and energy consumption in environmental quality has gained much attention in the literature. However, tourism raises the demand for energy consumption and extraction of natural resources. This research study investigates the influence of natural resources, tourism, and renewable energy in MINT countries, using novel Cross-Sectional Auto Regressive Distributive Lag (CS-ARDL) methodological techniques and employing yearly data from 1995 to 2018. The study also applied recently developed Kónya (Econ Model 23:978-992, 2006) causality to identify the causal relationship between the variables of the heterogenous panel. The result shows that tourism, natural resources, and economic growth are positively associated with the ecological footprint in the long-run. However, renewable energy consumption negatively impacts ecological footprint in both in short-run and the long-run. Further, the study explored a bidirectional causality between economic growth and ecological footprint in MINT countries. Finally, based on the empirical results, the study recommends that the authorities in MINT countries revisit their tourism, natural resources, and economic activities policies to enhance the environmental quality and reduce the ecological footprint.
(© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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