A systematic review of environmental sustainability and economic growth

Sukhwinder Singh, Manoj Sharma and Yogesh Gupta

World Review of Entrepreneurship, Management and Sustainable Development, 2024, vol. 20, issue 6, 683-715

Abstract: With the deadline for sustainable development goals nearly a decade away, it becomes relevant to conduct a cost-benefit analysis and ascertain the cost of a sustainable economy. Divergent discourses reveal that elements responsible for economic growth and environmental sustainability constantly interact with each other in an inefficient manner. For instance, an increase in foreign direct investment (FDI) in polluting industries deteriorates the environment, and then changing climatic conditions with high pollution levels impact the output, health, and quality of life. Whereas this effect will be larger for developing countries who are keeping the environment at toe with their detrimental policies. Developed countries are also giving a disadvantage to lower-income countries by utterly exploiting their natural capital stock and worsening their ecological footprint. Analysing extensive literature by using PRISMA analysis makes it practicable for developing countries to understand the causality between indicators of economic growth and environment and draft policies accordingly.

Keywords: abatement cost; climate change; ecological footprint; economic development; EKC hypothesis; energy consumption; environmental economics; environmental pollution; environmental taxes; industrial activities; social cost of pollution; sustainable development. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=141885 (text/html)
Access to full text is restricted to subscribers.

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:ids:wremsd:v:20:y:2024:i:6:p:683-715

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().