Race to environmental sustainability: Can structural change, economic expansion and natural resource consumption effect environmental sustainability? A novel dynamic ARDL simulations approach

Xuetao Li, Feilan Wang, Muna Al-Razgan, Emad Mahrous Awwad, Shamansurova Zilola Abduvaxitovna, Zeyun Li and Jianfeng Li

Resources Policy, 2023, vol. 86, issue PA

Abstract: This research examines the effects of the structural profile, consumption of clean energy sources, and revenue generation on environmental sustainability via the production of carbon dioxide emission levels. A few studies on the connections among the structural profile, economic prosperity, and ecological sustainability are available in the literaturewith regard the country used in this study. The ARDL (Autoregressive Distributed Lag) testing approach is used to investigate both the short-term and long-term variations in practical cointegration. The results of both the long- and short-run assessments suggested that while urbanization encourages a clean environment, the use of green energy and growth in the economy degrade the atmosphere. However, structural changes may have a negative effect on environmental sustainability over a short period. Additional CUSUM and CUSUM Square experiments have confirmed the model's constancy. Additionally, observations via Granger causality-oriented values or ARDL reveal directional accuracy. In particular, the study supports policymakers' efforts to reduce carbon emissions by emphasizing energy production from renewable sources. In the meantime, to levy taxing carbon on significant industries, via a special emphasis on the ecologic economy, the government must enact stringent laws and regulations, which are proven to be the most helpful to the environment and has an enormous impact on an economy's economic growth.

Keywords: Economic growth; Structural change; Energy consumption; ARDL; Environmental sustainability (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723007559
Full text for ScienceDirect subscribers only

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:eee:jrpoli:v:86:y:2023:i:pa:s0301420723007559

DOI: 10.1016/j.resourpol.2023.104044

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().