Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches
Abstract This study aims to investigate the intricate relationship between multiple socioeconomic, human capital, and technological factors and their impacts on the ecological footprint within the ASEAN region. Focusing on eight ASEAN nations (Brunei, Cambodia, Indonesia, Malaysia, Philippines, Sing...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Springer
2024-12-01
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| Series: | Discover Sustainability |
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| Online Access: | https://doi.org/10.1007/s43621-024-00708-2 |
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| author | Nazhat Nury Aspy Liton Chandra Voumik Miguel Angel Esquivias Lilik Sugiharti Mihir Kumar Das Dulal Chandra Pattak |
| author_facet | Nazhat Nury Aspy Liton Chandra Voumik Miguel Angel Esquivias Lilik Sugiharti Mihir Kumar Das Dulal Chandra Pattak |
| author_sort | Nazhat Nury Aspy |
| collection | DOAJ |
| description | Abstract This study aims to investigate the intricate relationship between multiple socioeconomic, human capital, and technological factors and their impacts on the ecological footprint within the ASEAN region. Focusing on eight ASEAN nations (Brunei, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) for the period between 1990 and 2020, this study employs Driscoll Kraay Standard Error (DKSE) and Quantile Regression methodologies to examine this phenomenon comprehensively. The findings reveal that the Human Capital Index (HCI) and technological patents exhibit negative coefficients, suggesting their beneficial impact on reducing ecological footprint by 0.162% and 0.027% sequentially in the DKSE approach. By contrast, population, GDP, tourism, globalization, and trade openness show positive coefficients, indicating their potential to exacerbate environmental degradation. Notably, population emerged as the most detrimental factor. Meanwhile, HCI demonstrated the most potent beneficial effect on environmental quality, suggesting that ASEAN nations should continue investing in their people to safeguard the environment. The implications of this study are critical for policymakers and stakeholders in the ASEAN region, highlighting the need for strategic interventions that balance economic and technological advancements with environmental preservation. |
| format | Article |
| id | doaj-art-9238319ca0c644f5a128e1549ab8f381 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-9238319ca0c644f5a128e1549ab8f3812025-02-09T12:04:46ZengSpringerDiscover Sustainability2662-99842024-12-015111910.1007/s43621-024-00708-2Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approachesNazhat Nury Aspy0Liton Chandra Voumik1Miguel Angel Esquivias2Lilik Sugiharti3Mihir Kumar Das4Dulal Chandra Pattak5Department of Economics, Noakhali Science and Technology UniversityDepartment of Economics, Noakhali Science and Technology UniversityDepartment of Economics, Faculty of Economics and Business, Airlangga UniversityDepartment of Economics, Faculty of Economics and Business, Airlangga UniversityBusiness and Enterprise, QA Higher EducationFaculty of Business Studies, Department of Banking & Insurance, University of DhakaAbstract This study aims to investigate the intricate relationship between multiple socioeconomic, human capital, and technological factors and their impacts on the ecological footprint within the ASEAN region. Focusing on eight ASEAN nations (Brunei, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam) for the period between 1990 and 2020, this study employs Driscoll Kraay Standard Error (DKSE) and Quantile Regression methodologies to examine this phenomenon comprehensively. The findings reveal that the Human Capital Index (HCI) and technological patents exhibit negative coefficients, suggesting their beneficial impact on reducing ecological footprint by 0.162% and 0.027% sequentially in the DKSE approach. By contrast, population, GDP, tourism, globalization, and trade openness show positive coefficients, indicating their potential to exacerbate environmental degradation. Notably, population emerged as the most detrimental factor. Meanwhile, HCI demonstrated the most potent beneficial effect on environmental quality, suggesting that ASEAN nations should continue investing in their people to safeguard the environment. The implications of this study are critical for policymakers and stakeholders in the ASEAN region, highlighting the need for strategic interventions that balance economic and technological advancements with environmental preservation.https://doi.org/10.1007/s43621-024-00708-2ASEANSustainable TourismGlobalizationSustainabilityEcological footprintTechnological patents |
| spellingShingle | Nazhat Nury Aspy Liton Chandra Voumik Miguel Angel Esquivias Lilik Sugiharti Mihir Kumar Das Dulal Chandra Pattak Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches Discover Sustainability ASEAN Sustainable Tourism Globalization Sustainability Ecological footprint Technological patents |
| title | Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches |
| title_full | Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches |
| title_fullStr | Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches |
| title_full_unstemmed | Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches |
| title_short | Impact of tourism, globalization, and technological patents on ecological footprint in ASEAN countries: static and dynamic panel regression approaches |
| title_sort | impact of tourism globalization and technological patents on ecological footprint in asean countries static and dynamic panel regression approaches |
| topic | ASEAN Sustainable Tourism Globalization Sustainability Ecological footprint Technological patents |
| url | https://doi.org/10.1007/s43621-024-00708-2 |
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