The role of ICT and financial development in CO2 emissions and economic growth

The role of information and communication technology in encountering environmental degradation: Proposing an SDG framework for the BRICS countries

“…An established financial sector produces low-cost loans, which enable the industries to use energy-efficient technology and leads to reducing CO2 emissions (Shahbaz et al, 2010;Latif et al, 2017). Contrarily, if the low-cost loan not uses for environmentally friendly technology then it will increase industrial pollution (Raheem et al, 2020).…”

“…From selected G20 countries, Nguyen et al (2020) analyzed that FD and income have a positive while ICT possesses a negative influence on CO2. Raheem et al (2020) revealed a negative impact of ICT and FD on the CO2 in G7 economies from 1990 to 2014. Using Belt and Road panel data, Danish (2019) found that ICT recovers ecological balance.…”

An empirical analysis of the non-linear impacts of ICT-trade openness on renewable energy transition, energy efficiency, clean cooking fuel access and environmental sustainability in South Asia

“…However, the country-specific analysis in this regard revealed ambiguous impacts of ICT on CO 2 emissions. Recently, Raheem et al (2020) opined that ICT development attributed to environmental degradation by boosting CO 2 emissions in the G7 countries. However, when interacted with financial development, a joint favorable impact on the environment was also established.…”

The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States

“…Numerous studies have emphasised the influence of ICTs development on the expansion of economic activities, including tourism, productivity and economic growth ( Chun and Nadiri, 2008 ; Timmer and Van Ark, 2005 ; Brida et al., 2016a ; Erumban and Das, 2016 ; Toader et al., 2018 ; Park et al., 2018 ; Bahrini and Qaffas, 2019 ; Zhang, 2019 ; Rehman et al., 2019 ; Sinha and Sengupta, 2019 ; Raheem et al., 2020 ). In contrast, some seminar studies have suggested that ICTs stimulate the growth effect ( Bresnahan and Trajtenberg, 1995 ; Aghion and Howitt, 1998 ; Helpman and Trajtenberg, 2004 ; Raheem et al., 2020 ). This growth effect is divided into direct and indirect effects; while the direct effects of ICTs consider advances in hardware and software, the indirect effects reflect the induced effects (spillovers) as a consequence of the application of ICTs in manufacturing processes.…”

“…ICTs promote telecommunication infrastructures services and intelligent transport systems, which are priority key drivers of economic growth over the next decade. These advances generate a broadband network that accelerates information, the movements of goods and services and financial development in the Industry 4.0 era ( Raheem et al., 2020 ). The demand for ICTs-related support services is driven by the promotion of economic development in the tourism industry, but there is also room for support goods and services.…”