Economic growth, renewable energy consumption, and ecological footprint: Exploring the role of environmental regulations and democracy in sustainable development

Citations Over TimeTop 1% of 2021 papers

Abstract

Abstract Countries enact environmental regulations to achieve sustainable development and ecological sustainability. However, environmental regulations do not guarantee environmental sustainability unless implemented efficiently. Furthermore, political institutions play a key role in the formulation and management of environmental regulations. This research examines the relationship between democracy, environmental regulations, economic growth, and ecological footprint (EF) in the panel of G7 nations from 1985 to 2017. Second generation econometric techniques are used to analyze the data. The empirical evidence indicates that economic growth enhances EF while democracy and environmental regulations positively contribute to ecological sustainability by reducing EF. The causal outcomes reveal that democracy Granger causes EF and renewable energy indicating that democracy curbs environmental degradation and stimulates the share of renewables. Further, democracy and environmental regulations Granger cause each other. Lastly, the implication of these findings for sustainable development and ecological sustainability are discussed.

Related Papers

• → Assessing the environmental sustainability of the transnational area of China, North Korea, and Russia using an improved environmental degradation index(2023)5 cited
• Analysis on the Development Trends and Influence Factors of Ecological Footprint in Lanzhou City(2008)
• Dynamic Calculation and Analysis of the Ecological Footprint in China between 1949 and 2008(2011)
• → Evaluation on Ecological Sustainability in Gansu Province Based on a Three-Dimensional Ecological Footprint Model(2022)
• → Environmental Innovation, Ecological Footprint, and Environmental Rebound Effects: A Solution for or a Cause of Environmental Degradation?(2023)