Journal ArticleOpen Access
Multidimensional drivers of sustainable development in South Asia: The dynamic roles of low-carbon energy, ICT, financial development, trade, and governance
Abstract
In recent years, the global energy landscape has undergone a significant shift toward low-emission, climate-resilient energy systems. This transformation aligns closely with the United Nations Sustainable Development Goals, particularly Goal 7, which advocates for universal access to affordable, reliable, sustainable, and modern energy. Hence, this study aims to evaluate the dynamic capability of low-carbon energy source consumption (LCARBON) on the sustainable development (SDI) of Bangladesh, India, Pakistan, and Sri Lanka. Additional variables of Information and Communication Technology (ICT), financial development (FD), Bayesian corruption (BCI) and trade openness (TRADE) are also included. The study considers the data period from 1990 to 2020 and applies robust econometric methodologies, including Common Correlated Effects Generalized Method of Moments (CCE-GMM) and Common Correlated Effects Mean…
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Fields & Keywords
Physical SciencesEnvironmental ScienceGlobal and Planetary ChangeSustainability and Climate Change GovernanceEnergy and Environment ImpactsIndian Economic and Social DevelopmentFinanceEnvironmental resource managementEnvironmental planningNatural resource economicsEnvironmental economicsEconomic system