Catechizing the Environmental-Impression of Urbanization, Financial Development, and Political Institutions: A Circumstance of Ecological Footprints in 110 Developed and Less-Developed Countries

Yasin, Iftikhar; Ahmad, Nawaz; Chaudhary, Muhammad Aslam

doi:10.1007/s11205-019-02163-3

Cited by 88 publications

(42 citation statements)

References 131 publications

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“…This may be because as less developed countries first enter into trade agreements, they don’t yet have the institutional infrastructure and capacity to support firm-level CSR standards adoption; as they join more and more integrative agreements, knowledge transfer among their counterparts facilitates this capacity building. In some ways, this finding is consistent with the environmental Kuznets curve (EKC) that has hypothesized that the relationship between environmental quality and economic development follows a similar pattern such that environmental degradation worsens as poor economies grow somewhat more wealthy, until average income reaches a certain point over the course of development when environmental quality improves (see Yasin, Ahmas, & Chadhary, 2020 ). Figure 4 shows the interactions between economic integration and CSR standards adoption at high and low levels of GDP per capita.…”

Section: Resultssupporting

confidence: 81%

Does global integration stimulate corporate citizenship? The effect of international trade agreements and regulatory quality on state and private firm adoption of CSR standards

et al. 2021

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We examine the effects of global trade integration on firm-level adoption of CSR standards as measured by the United Nations’ Global Compact Initiative. Building on policy transfer and economic institutionalism, we propose that country-level participation in trade agreements, and higher levels of regulatory quality, encourages firm-level adoption of CSR standards. We also suggest that participation in these trade agreements stimulates greater adoption of CSR standards from state-owned firms than privately owned firms because those agreements increase the accountability of state firms to supranational institutions, whereas private firms are already accountable to their respective state and domestic institutions. Moreover, we argue that the positive effect of trade agreements on the adoption of CSR standards is higher in countries with higher levels of regulatory quality. These insights are important for research on how economic integration affects firm-level strategies, especially those related to CSR, and for policymakers facing choices as to whether to enter into trade agreements and what types of agreements to enter. Analyses from 152,267 firm-year observations from 11,992 firms in 133 countries spanning 2000–2014 provide robust support for the arguments.

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Section: Resultssupporting

confidence: 81%

Does global integration stimulate corporate citizenship? The effect of international trade agreements and regulatory quality on state and private firm adoption of CSR standards

et al. 2021

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“…This is because environmental deterioration within this region is not confined to merely air pollution [3]. As a result, EFs are relatively better environmental quality indicators in South Asia since the EF considers the other vital forms of environmental degradation [20][21][22]. Besides, among the recent studies that have considered EF to model the EKC hypothesis in South Asia [23,24], the critically important role of renewable energy use on the EF has been overlooked.…”

Section: Introductionmentioning

confidence: 99%

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

et al. 2021

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Fossil fuel-dependency has induced a trade-off between economic growth and environmental degradation across the developing nations in particular. Against this backdrop, this study aims to evaluate the impacts of renewable energy use on the ecological footprints in the context of four South Asian fossil fuel-dependent nations: Bangladesh, India, Pakistan, and Sri Lanka. The econometric analysis involves the use of recently developed methods that account for cross-sectional dependency, slope heterogeneity, and structural break issues in the data. The results reveal that renewable energy consumption reduces the ecological footprints while nonrenewable energy use boosts the ecological footprints. The results also confirm the validity of the environmental Kuznets curve and pollution haven hypotheses for the panel of the South Asian nations. Besides, foreign direct investment inflows are found to degrade the environment while higher institutional quality improves it. Furthermore, unidirectional causalities are run from overall energy use, economic growth, and institutional quality to ecological footprints. At the same time, bidirectional associations between foreign direct investment inflows and ecological footprints are also ascertained. The overall findings highlight the pertinence of reducing fossil fuel-dependency, enhancing economic growth, restricting dirty foreign direct investment inflows, and improving institutional quality to ensure environmental sustainability across South Asia.

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“…Furthermore, Sutton et al (2012), Lee and Brahmasrene (2013), , and Khan et al (2019) discovered both positive and negative relationships of ecological footprint with foreign direct investment and economic growth. The relationship of economic growth and foreign investment with environmental degradation had been found positive in the short-term but negative in the long-term as referred to EKC theory (Aung et al 2017;Isik et al 2019;Ramakrishna et al 2020;Yasin et al 2020). Solarin and Al-Mulali (2018) remarked that foreign direct investments enhance contamination in the developing nations while they alleviate contamination in the developed nations.…”

Section: Introductionmentioning

confidence: 99%

Does foreign direct investments impair the ecological footprint? New evidence from the panel quantile regression

Chowdhury

Shanto

Ahmed

et al. 2020

Environ Sci Pollut Res

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This study examines the impact of foreign direct investments on ecological footprint along with other explanatory variables of 92 countries from the year 2001 to 2016. Here, we applied the panel quantile regression model to meet the purpose of our study as it considers unobserved country heterogeneity, unlike other statistical methods. The study reveals that foreign direct investment has a positive relationship with the ecological footprint in each quantile except one, which proves the constancy of the pollution haven hypothesis. Moreover, we also tried to detect the impact of economic growth, manufacturing value-added, the percentage of world exports, and institutional quality on the ecological footprint in this study. The findings of this study also reveal that economic growth and manufacturing value-added are negatively associated with the ecological footprint. With respect to the percentage of world exports and institutional quality, we found a positive relationship with the ecological footprint. From the result of our study, different policy implications have been proposed for host countries and foreign investors on improving the economy through foreign direct investment with minimal ecological footprint.

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Catechizing the Environmental-Impression of Urbanization, Financial Development, and Political Institutions: A Circumstance of Ecological Footprints in 110 Developed and Less-Developed Countries

Cited by 88 publications

References 131 publications

Does global integration stimulate corporate citizenship? The effect of international trade agreements and regulatory quality on state and private firm adoption of CSR standards

Does global integration stimulate corporate citizenship? The effect of international trade agreements and regulatory quality on state and private firm adoption of CSR standards

Renewable Energy Use and Ecological Footprints Mitigation: Evidence from Selected South Asian Economies

Does foreign direct investments impair the ecological footprint? New evidence from the panel quantile regression

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