标题:The The Nexus of Human Capital, Information Communication Technologies and Research and Development Expenditure in Promoting Environmental Sustainability: Does Financial Development Matter?
期刊名称:International Journal of Energy Economics and Policy
电子版ISSN:2146-4553
出版年度:2022
卷号:12
期号:3
DOI:10.32479/ijeep.13001
语种:English
出版社:EconJournals
摘要:The present study shows that environmental degradation and environmental sustainability are two distinct domains of environmental quality. Regrettably, existing researchers interpret the impact of different factors on environmental sustainability as their findings are based on the explicit measure of the environment (CO2 or GHG emissions). Therefore, this study contributes to the ongoing environment debate by analyzing the role of human capital, information communication technologies, and research and development expenditures on environmental sustainability. The study further tests financial development's moderating role concerning human capital, information communication technologies, R&D expenditures, and environmental sustainability. In this regard, the study collects the annual time series data from the panel of four South Asian Economies (Pakistan, India, Sri Lanka, and Nepal) during 1996-2018 from WDI and Penn world databases. The findings of DOLS show that human capital, information, communication technologies, and R&D expenditures positively contribute to environmental sustainability and financial development, further intensifying the relationship between human capital and environmental sustainability, information and communication technologies, and R&D expenditures environmental sustainability. The study recommends that increasing human capital, information, and communication technologies, R&D expenditures, and financial development play a major role in promoting environmental sustainability