Are natural resources abundance and human development a solution for environmental pressure? Evidence from top ten countries with the largest ecological footprint

Pata, Uğur Korkut; Aydın, Mücahit; Haouas, Ilham

doi:10.1016/j.resourpol.2020.101923

Cited by 118 publications

(45 citation statements)

References 60 publications

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“…Renewable energy consumption poses no impact on the quality of the environment. Pata et al (2020) also revealed that human capital and renewable energy enhance environmental quality, while natural resources stimulate ecological damage. On the other hand, Nathaniel et al (2020) used the AMG method to investigate the effect of human capital, economic growth, and natural resources rent on EF.…”

Section: Human Capital-ecological Footprint Nexusmentioning

confidence: 99%

Financial development and environmental degradation: Do human capital and institutional quality make a difference?

et al. 2022

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Emerging countries are heading towards economic prosperity; however, the process of development has enhanced their ecological footprint. Therefore, to safeguard the environment, it is essential to identify the factors that affect the ecological footprint (EF). In this perspective, this study explores the effect of financial development, human capital, and institutional quality on the EF in emerging countries. Furthermore, we explore the effect of financial development on EF through the channel of human capital. In addition, we investigate the role of institutional quality in the financial development-EF nexus. Using the panel data from 1984 to 2017, we employed the cross-sectional autoregressive distributed lag (CS-ARDL) technique to conduct the short-run and long-run empirical analysis. The empirical outcomes unveiled that financial development degrades the ecological quality by raising the EF. The findings further unfolded that human capital and institutional quality reduce the EF. Moreover, financial development fosters environmental sustainability through the channel of human capital. Additionally, institution quality reduces the negative ecological impacts of financial development. The causality analysis suggested that any policy related to financial development, human capital, and institutional quality will affect EF but not the other way round. Based on these findings, emerging economies should promote environmental sustainability by promoting human capital and effectively using financial resources.

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Section: Human Capital-ecological Footprint Nexusmentioning

confidence: 99%

Financial development and environmental degradation: Do human capital and institutional quality make a difference?

et al. 2022

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“…Recent development studies have been concerned with the examination of the key determinants of inclusive human development. For example, a number of studies have stressed the importance of information and communication technologies (ICT) and environmental degradation Khan et al, 2019;Asongu and Odhiambo, 2019), globalisation and natural resource rents as well as economic, political and institutional governance (Asongu and Nwachukwu, 2016;Sinha and Sengupta, 2019;Nathaniel et al, 2021;Pata et al, 2021)…”

Section: Review Of Selected Literaturementioning

confidence: 99%

Resource rents and inclusive human development in developing countries

2021

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This study aims to empirically verify the effects of natural resource rents on inclusive human development in developing countries. The results from the IV Tobit regression show that natural resource rents have a positive direct effect on inclusive human development in developing countries and that this relationship varies by regional groupings, income levels, level of development and export structure. Looking at the transmission mechanisms, when the interactive variables of governance and environmental quality is introduced, the modulating channel through governance exerts a robust negative synergy effect in the sample of developing countries and positive synergy effects for Africa and low-income countries. When the interactive variable of CO2 emissions is introduced for Africa, a negative net effect of natural resource rents on inclusive human development is obtained. This was up to a policy threshold of 25.4412 of CO2 emissions when the negative effect is nullified. For Asia and the Latin America and Caribbean, a positive net effect is obtained. This is up to a CO2 emissions threshold of 29.038 and 3.6752 respectively, when the positive effect is nullified. Besides, the high income and the upper-middle income countries produce a negative net effect of resource rents on inclusive human development through CO2 modulation, with up to positive CO2 emission thresholds of 37.9365 and 23.6257 respectively. Policy implications are highlighted. In summary, contingent on engaged specificities, where conditional effects are negative, negative thresholds for complementary policies have been provided and in scenarios where conditional impacts are positive, actionable positive thresholds have been provided.

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“…Meanwhile, resource dependence may also worsen human capital, albeit raising physical capital, as evidenced by Blanco and Grier ( 2012 ) for 17 Latin American countries during the 1975–2004 period. Based on the analysis covering the 1992–2016 period, Pata et al ( 2021 ) verify that resource abundance damages the environment but human development lessens environmental pollution for 10 countries with a large ecological footprint. Nevertheless, Nathaniel et al ( 2021 ) show that human capital does not significantly mitigate environmental deterioration and find a feedback causality between human capital and ecological footprint for BRICS (Brazil, Russia, India, China, and South Africa) countries.…”

Section: Relevant Literaturementioning

confidence: 99%

Socio-economic productive capacities and energy efficiency: global evidence by income level and resource dependence

Demiral

2021

Environ Sci Pollut Res

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Are natural resources abundance and human development a solution for environmental pressure? Evidence from top ten countries with the largest ecological footprint

Cited by 118 publications

References 60 publications

Financial development and environmental degradation: Do human capital and institutional quality make a difference?

Financial development and environmental degradation: Do human capital and institutional quality make a difference?

Resource rents and inclusive human development in developing countries

Socio-economic productive capacities and energy efficiency: global evidence by income level and resource dependence

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