Investigating the Impact of Green Natural Resources and Green Activities on Ecological Footprint: A Perspective of Saudi Vision 2030

Ghazala Aziz, Rida Waheed () and Majid Ibrahim Alsaggaf
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Ghazala Aziz: Department of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, Jeddah 23445, Saudi Arabia
Rida Waheed: Department of Finance and Economics, College of Business, University of Jeddah, Jeddah 23445, Saudi Arabia
Majid Ibrahim Alsaggaf: Department of Finance and Economics, College of Business, University of Jeddah, Jeddah 21959, Saudi Arabia

Sustainability, 2023, vol. 15, issue 11, 1-19

Abstract: The purpose of this study was to develop a deep understanding of the interactions between the ecological footprint, forest resources, land resources, environmental technology, and renewable energy consumption in Saudi Arabia. The study uses the data from 1980 to –2019 for econometric analysis. The findings of nonlinear ARDL estimates have reported the significance of forest and land resources to curtail the ecological footprint. Environmental technology and renewable energy empirical outcomes are insignificant in pre-Vision 2030 analyses, but become negative and significant in positive shock analyses. These results underscore that Saudi Vision 2030 has proposed workable and practical policies to address environmental challenges. Considering these findings, policymakers should implement beneficial policies that manage the country’s natural resources to reduce the ecological footprint and achieve the goals of Vision 2030.

Keywords: ecological footprint; green natural resources; green factors; nonlinear ARDL (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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