Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan
Purpose- This study examines environmental quality in Pakistan, a developing economy that emphasizes the roles of financial advancement and sustainable energy in shaping environmental policy decisions. Methodology/Design/Approach: This study employed a dynamic autoregressive distributed lag (ARD...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
CSRC Publishing
2025-03-01
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| Series: | Sustainable Business and Society in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/3234 |
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| _version_ | 1850269065856155648 |
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| author | Muhammad Adnan Afzal Waqar Ahmed Nasir Abbas Muhammad Naeem Shah |
| author_facet | Muhammad Adnan Afzal Waqar Ahmed Nasir Abbas Muhammad Naeem Shah |
| author_sort | Muhammad Adnan Afzal |
| collection | DOAJ |
| description |
Purpose- This study examines environmental quality in Pakistan, a developing economy that emphasizes the roles of financial advancement and sustainable energy in shaping environmental policy decisions.
Methodology/Design/Approach: This study employed a dynamic autoregressive distributed lag (ARDL) model to analyze the relationships between key economic and environmental variables.
Findings: This study found that financial advancement, resource rents, and economic growth significantly increased pollution emissions, while green innovations effectively reduced them. We identified one-way causal relationships among these factors, indicating that ecological degradation also affects the interplay between green technologies and financial advancement.
Implications: Our findings suggest that achieving net zero emissions, as per the Paris Agreement, is feasible through enhanced investment in green technologies and foreign capital in Pakistan's resource sectors. This study provides policymakers with evidence-based insights into designing effective environmental sustainability strategies that balance economic development with ecological preservation.
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| format | Article |
| id | doaj-art-a0ae4626faaf4bdea09e36b4de23c3ec |
| institution | OA Journals |
| issn | 2708-2504 2708-2172 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Sustainable Business and Society in Emerging Economies |
| spelling | doaj-art-a0ae4626faaf4bdea09e36b4de23c3ec2025-08-20T01:53:16ZengCSRC PublishingSustainable Business and Society in Emerging Economies2708-25042708-21722025-03-017110.26710/sbsee.v7i1.3234Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in PakistanMuhammad Adnan Afzal0Waqar Ahmed1Nasir Abbas2Muhammad Naeem Shah3Government College University Faisalabad, PakistanSuperior University Lahore, PakistanGovernment College University Faisalabad, PakistanGovt. Graduate College Civil Lines, Multan, Pakistan Purpose- This study examines environmental quality in Pakistan, a developing economy that emphasizes the roles of financial advancement and sustainable energy in shaping environmental policy decisions. Methodology/Design/Approach: This study employed a dynamic autoregressive distributed lag (ARDL) model to analyze the relationships between key economic and environmental variables. Findings: This study found that financial advancement, resource rents, and economic growth significantly increased pollution emissions, while green innovations effectively reduced them. We identified one-way causal relationships among these factors, indicating that ecological degradation also affects the interplay between green technologies and financial advancement. Implications: Our findings suggest that achieving net zero emissions, as per the Paris Agreement, is feasible through enhanced investment in green technologies and foreign capital in Pakistan's resource sectors. This study provides policymakers with evidence-based insights into designing effective environmental sustainability strategies that balance economic development with ecological preservation. https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/3234Financial AdvancementGreen InnovationsNatural Resource RentsEconomic GrowthEnvironmental Quality |
| spellingShingle | Muhammad Adnan Afzal Waqar Ahmed Nasir Abbas Muhammad Naeem Shah Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan Sustainable Business and Society in Emerging Economies Financial Advancement Green Innovations Natural Resource Rents Economic Growth Environmental Quality |
| title | Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan |
| title_full | Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan |
| title_fullStr | Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan |
| title_full_unstemmed | Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan |
| title_short | Exploring the Nexus Among Financial Advancement, Natural Resources Rent, Green Innovation and Environmental Quality in Pakistan |
| title_sort | exploring the nexus among financial advancement natural resources rent green innovation and environmental quality in pakistan |
| topic | Financial Advancement Green Innovations Natural Resource Rents Economic Growth Environmental Quality |
| url | https://publishing.globalcsrc.org/ojs/index.php/sbsee/article/view/3234 |
| work_keys_str_mv | AT muhammadadnanafzal exploringthenexusamongfinancialadvancementnaturalresourcesrentgreeninnovationandenvironmentalqualityinpakistan AT waqarahmed exploringthenexusamongfinancialadvancementnaturalresourcesrentgreeninnovationandenvironmentalqualityinpakistan AT nasirabbas exploringthenexusamongfinancialadvancementnaturalresourcesrentgreeninnovationandenvironmentalqualityinpakistan AT muhammadnaeemshah exploringthenexusamongfinancialadvancementnaturalresourcesrentgreeninnovationandenvironmentalqualityinpakistan |