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The Impact of Public-Private Partnership Investment in Energy and Technological Innovation on Ecological Footprint: The Case of Pakistan

Author

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  • Li Chunling

    (School of Economics and Management, Yanshan University, Qinhuangdao 066004, China)

  • Javed Ahmed Memon

    (School of Economics and Management, Yanshan University, Qinhuangdao 066004, China)

  • Tiep Le Thanh

    (Department of Economics, Thu Dau Mot University, Thu Dau Mot 75100, Vietnam)

  • Minhaj Ali

    (School of Economics, Zhongnan University of Economics and Law, Wuhan 430073, China)

  • Dervis Kirikkaleli

    (Department of Banking and Finance, Faculty of Economics and Administrative Sciences, European University of Lefke, Mersin 10, Lefke 99010, Turkey)

Abstract

This novel research looked into the role of public-private partnership investment in energy in affecting Pakistan’s long-term environmental sustainability. Employing time series data from 1992 to 2018 and utilizing the autoregressive distributive lag model (ARDL) model, we found a long-term equilibrium association of ecological footprint with public-private partnership investment in energy, technological innovation, economic growth, and trade openness. Our outcomes showed a significant positive association between public-private partnership investment in energy and ecological footprint in the long-run and the short-run, specifying that the increase in public-private partnership investment in energy affects the environmental sustainability of Pakistan. Similarly, our study confirmed that technological innovation, economic growth, and trade openness increase the ecological footprint in Pakistan. It demonstrates that these factors are unfavorable to the sustainable environment in Pakistan. Furthermore, robustness check findings are analogous to the results of ARDL estimates, utilizing dynamic ordinary least squares and fully modified ordinary least squares. On the basis of the research conclusions, a multi-pronged sustainable development goal (SDG) model was proposed that addresses SDG 8 and SDG 13 while incorporating SDG 17 as a medium.

Suggested Citation

  • Li Chunling & Javed Ahmed Memon & Tiep Le Thanh & Minhaj Ali & Dervis Kirikkaleli, 2021. "The Impact of Public-Private Partnership Investment in Energy and Technological Innovation on Ecological Footprint: The Case of Pakistan," Sustainability, MDPI, vol. 13(18), pages 1-16, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10085-:d:631861
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