The Impact of Public-Private Partnership Investment in Energy and Technological Innovation on Ecological Footprint: The Case of Pakistan

Li Chunling, Javed Ahmed Memon, Tiep Le Thanh, Minhaj Ali and Dervis Kirikkaleli
Additional contact information
Li Chunling: School of Economics and Management, Yanshan University, Qinhuangdao 066004, China
Javed Ahmed Memon: School of Economics and Management, Yanshan University, Qinhuangdao 066004, China
Tiep Le Thanh: Department of Economics, Thu Dau Mot University, Thu Dau Mot 75100, Vietnam
Minhaj Ali: School of Economics, Zhongnan University of Economics and Law, Wuhan 430073, China

Sustainability, 2021, vol. 13, issue 18, 1-16

Abstract: This novel research looked into the role of public-private partnership investment in energy in affecting Pakistan’s long-term environmental sustainability. Employing time series data from 1992 to 2018 and utilizing the autoregressive distributive lag model (ARDL) model, we found a long-term equilibrium association of ecological footprint with public-private partnership investment in energy, technological innovation, economic growth, and trade openness. Our outcomes showed a significant positive association between public-private partnership investment in energy and ecological footprint in the long-run and the short-run, specifying that the increase in public-private partnership investment in energy affects the environmental sustainability of Pakistan. Similarly, our study confirmed that technological innovation, economic growth, and trade openness increase the ecological footprint in Pakistan. It demonstrates that these factors are unfavorable to the sustainable environment in Pakistan. Furthermore, robustness check findings are analogous to the results of ARDL estimates, utilizing dynamic ordinary least squares and fully modified ordinary least squares. On the basis of the research conclusions, a multi-pronged sustainable development goal (SDG) model was proposed that addresses SDG 8 and SDG 13 while incorporating SDG 17 as a medium.

Keywords: public-private partnership investment in energy; ecological footprint; technological innovation; economic growth; trade openness; Pakistan (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/18/10085/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/18/10085/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:18:p:10085-:d:631861

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().