Digital financial inclusion, environmental degradation, and human capital nexus: evidence from South Asian countries

• Autorzy: Javeid U. , Majeed M.T. , Akhtar M. , Sharif F.
• Języki publikacji: EN

Abstrakty

EN

This study investigates the complex interrelations between Digital Financial Inclusion, Human Capital, and Greenhouse Gas Emissions in South Asian countries from 2005 to 2023. We applied second-generation unit root analysis and panel co-integration test of Westerlund, designed especially for cross-sectional dependence and slope heterogeneity, by subjecting them to rigorous testing of these data irregularities. The Westerlund test results confirm significant long-term co-integration, but findings suggest a mixed character of stationarity. The empirical results indicate that a 1% incline in human capital leads to a 1.81% decrease in greenhouse gas emissions. In contrast, a one-unit increase in digital financial inclusion is associated with a 0.33-unit increase in greenhouse gas emissions. This study addresses a neglected area of existing research through regional analysis and utilises approaches to handle cross-sectional dependence and slope heterogeneity. Policymakers are encouraged to integrate findings from this study into climate action strategies, emphasising the importance of promoting digital financial inclusion to support human capital development while addressing environmental impacts.

• Wydawca: -
• Czasopismo: Ekonomia i Środowisko
• Rocznik: 2025
• Tom: 2[93]
• Opis fizyczny: art.1156,ref.

Twórcy

autor

Javeid U.

• Department of Economics, University of the Punjab, 172-D, Tariq Road, Phase II, Garden Town, Gujranwala 52250, Pakistan

autor

Majeed M.T.

• School of Economics, Quaid-i-Azam University, Islamabad, Pakistan
• University College, Korea University, Republic of Korea
• Advanced Research Centre, European University of Lefke, Northern Cyprus

autor

Akhtar M.

• Government College Women University Sialkot, Pakistan

autor

Sharif F.

• School of Economics, Quaid-I-Azam University, Islamabad, Pakistan

Identyfikatory

DOI

10.34659/eis.2025.93.2.1156