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Published on: July 21, 2023
How natural resources depletion, technological innovation, and globalization impact the environmental degradation in
Muhammad Sibt-E-Ali1, Zhu Weimin2, Muhammad Qasim Javaid2
1Business School, Zhengzhou University, Zhengzhou, Henan Province, China. ali4bzu@gmail.com.
Abstract:
Rapid economic expansion has caused resource depletion, globalization issues, and environmental deterioration. Globalization has highlighted East and South Asian mineral richness. This article investigates the effects of technological innovation (TI), natural resources, globalization, and renewable energy consumption (REC) on environmental deterioration in the East and South Asian region from 1990 to 2021. The cross-sectional autoregressive distributed lag (CS-ARDL) estimator is used to estimate short- and long-run slope parameters and dependencies across countries. The results demonstrate that many natural resources significantly enhance environmental degradation, while globalization, TI, and REC reduce emission levels in East and South Asian economies and that economic growth significantly degrades ecological quality. This research suggests that governments in the East and South Asian region develop suitable policies that promote the efficient use of natural resources via technological advancements. Furthermore, future policies regarding energy consumption, globalization, and economic development should be aligned with the aims of sustainable environmental development.
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