Balancing growth and sustainability: The long-run impact of financial and technological innovations on India's ecological footprint

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dc.authoridURSAVAS, UGUR/0000-0003-1918-1457
dc.authoridYilanci, Veli/0000-0001-5738-690X
dc.contributor.authorUrsavas, Ugur
dc.contributor.authorBil, Erkan
dc.contributor.authorYilanci, Veli
dc.date.accessioned2025-01-27T20:17:15Z
dc.date.available2025-01-27T20:17:15Z
dc.date.issued2024
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThis study examines the effects of financial and technological innovations on India's ecological footprint-a comprehensive indicator of environmental degradation. Although previous research has addressed the individual impacts of these innovations, their collective influence has not been thoroughly investigated. Using data from 1973 to 2018 and employing ARDL Bounds and Bayer-Hanck cointegration tests, we find a long-run relationship between innovations, economic growth, energy consumption, and the ecological footprint. Notably, while the short-term impact of innovations appears detrimental, both financial and technological innovations demonstrate a long-term beneficial effect on the environment, which suggests that initial investments in innovation may have short-term environmental costs, but ultimately contribute to environmental improvement. Additionally, this study confirms the harmful long-term effects of energy consumption and economic growth on the environment. These findings underscore the importance of transitioning to cleaner energy sources, improving energy efficiency, and implementing robust environmental policies to foster sustainable development in India.
dc.identifier.doi10.1111/1477-8947.12502
dc.identifier.issn0165-0203
dc.identifier.issn1477-8947
dc.identifier.scopus2-s2.0-85195489448
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1111/1477-8947.12502
dc.identifier.urihttps://hdl.handle.net/20.500.12428/21528
dc.identifier.wosWOS:001243487200001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofNatural Resources Forum
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20250125
dc.subjectecological footprint
dc.subjectIndia
dc.subjectinnovation
dc.titleBalancing growth and sustainability: The long-run impact of financial and technological innovations on India's ecological footprint
dc.typeArticle

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