Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries
Abstract In the era of globalization, the economic policies of country (i) can be influenced by the progress made in neighboring countries, especially in environmental problems. Global warming and resource scarcity have led governments and individuals to need further understanding of the driving for...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer
2025-07-01
|
| Series: | Discover Sustainability |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s43621-025-01576-0 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849238235350302720 |
|---|---|
| author | Nguyen Huynh Mai Tram Bui Hoang Ngoc |
| author_facet | Nguyen Huynh Mai Tram Bui Hoang Ngoc |
| author_sort | Nguyen Huynh Mai Tram |
| collection | DOAJ |
| description | Abstract In the era of globalization, the economic policies of country (i) can be influenced by the progress made in neighboring countries, especially in environmental problems. Global warming and resource scarcity have led governments and individuals to need further understanding of the driving forces behind environmental issues. Financial development, energy consumption, and economic growth have been identified among the most influential factors, while digital transformation is expected to reduce harmful influence. The linkage between financial development and ecological footprint was investigated, but the spillover effect of financial development, economic growth, and digital transformation has largely been ignored, especially in ASEAN nations. In this study, three spatial regression approaches were employed to investigate the direct and spillover effects of key macroeconomic variables on environmental sustainability in ASEAN countries from 1990 to 2018. The findings are summarized as: (i) financial development positively drives ecological footprint in the short- and long run, while boosting digital transformation is beneficial for environmental problems in the host country; (ii) there is a negative spillover effect of economic growth in the country (i) on ecological footprint in the neighboring countries, and vice versa; (iii) A bi-directional causality between digital transformation and ecological footprint, while there is a uni-directional causality running from economic growth to ecological footprint. These findings are crucial in mitigating the potential negative effects of these macroeconomic factors on environmental quality and ecological balance in the ASEAN economic community. |
| format | Article |
| id | doaj-art-8374ef9ab6dd4892a389cf61d0cd7a40 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-8374ef9ab6dd4892a389cf61d0cd7a402025-08-20T04:01:42ZengSpringerDiscover Sustainability2662-99842025-07-016112910.1007/s43621-025-01576-0Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countriesNguyen Huynh Mai Tram0Bui Hoang Ngoc1Hung Vuong University of Ho Chi Minh CityThe FEMRG Research Group, Ho Chi Minh City Open UniversityAbstract In the era of globalization, the economic policies of country (i) can be influenced by the progress made in neighboring countries, especially in environmental problems. Global warming and resource scarcity have led governments and individuals to need further understanding of the driving forces behind environmental issues. Financial development, energy consumption, and economic growth have been identified among the most influential factors, while digital transformation is expected to reduce harmful influence. The linkage between financial development and ecological footprint was investigated, but the spillover effect of financial development, economic growth, and digital transformation has largely been ignored, especially in ASEAN nations. In this study, three spatial regression approaches were employed to investigate the direct and spillover effects of key macroeconomic variables on environmental sustainability in ASEAN countries from 1990 to 2018. The findings are summarized as: (i) financial development positively drives ecological footprint in the short- and long run, while boosting digital transformation is beneficial for environmental problems in the host country; (ii) there is a negative spillover effect of economic growth in the country (i) on ecological footprint in the neighboring countries, and vice versa; (iii) A bi-directional causality between digital transformation and ecological footprint, while there is a uni-directional causality running from economic growth to ecological footprint. These findings are crucial in mitigating the potential negative effects of these macroeconomic factors on environmental quality and ecological balance in the ASEAN economic community.https://doi.org/10.1007/s43621-025-01576-0Environmental sustainabilityFinancial developmentDigital transformationEconomic growthASEAN countries |
| spellingShingle | Nguyen Huynh Mai Tram Bui Hoang Ngoc Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries Discover Sustainability Environmental sustainability Financial development Digital transformation Economic growth ASEAN countries |
| title | Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries |
| title_full | Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries |
| title_fullStr | Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries |
| title_full_unstemmed | Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries |
| title_short | Spatial analysis of the impact of digital transformation and financial development on ecological footprint in Asean countries |
| title_sort | spatial analysis of the impact of digital transformation and financial development on ecological footprint in asean countries |
| topic | Environmental sustainability Financial development Digital transformation Economic growth ASEAN countries |
| url | https://doi.org/10.1007/s43621-025-01576-0 |
| work_keys_str_mv | AT nguyenhuynhmaitram spatialanalysisoftheimpactofdigitaltransformationandfinancialdevelopmentonecologicalfootprintinaseancountries AT buihoangngoc spatialanalysisoftheimpactofdigitaltransformationandfinancialdevelopmentonecologicalfootprintinaseancountries |