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An Ideology of Sustainability under Technological Revolution: Striving towards Sustainable Development

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  • Syed Abdul Rehman Khan

    (School of Management and Engineering, Xuzhou University of Technology, Xuzhou 221006, China
    Beijing Key Laboratory of Urban Spatial Information Engineering, Beijing 102616, China)

  • Ridwan Lanre Ibrahim

    (Department of Economics, University of Lagos, Lagos 100213, Nigeria)

  • Abul Quasem Al-Amin

    (Department of Geography and Environmental Management, Faculty of Environment, University of Waterloo, Waterloo, ON N2L 3G1, Canada)

  • Zhang Yu

    (School of Economics and Management, Chang’an University, Xi’an 710064, China
    Department of Business Administration, ILMA University, Karachi 75190, Pakistan)

Abstract

The recent decades have witnessed an unprecedented surge in global warming occasioned by human anthropogenic activities. The ensuing effects have brought devastating threats to human existence and the ecosystem, with the sustainability of the future generations highly uncertain. Resolving this pervasive issue requires evidence-based policy implications. To this end, this study contributes to the ongoing sustainable development advocacy by investigating the impacts of renewable energy and transport services on economic growth in Germany. The additional roles of digital technology, FDI, and carbon emissions are equally evaluated using data periods covering 1990 to 2020 within the autoregressive distributed lag (ARDL) framework. The results show the existence of cointegration among the variables. Additionally, renewable energy and transport services positively drive economic growth. Furthermore, economic growth is equally stimulated by other explanatory variables, such as digital technology and carbon emissions. These outcomes are robust for both the long-run and short-run periods. More so, departures in the long run are noted to heed to corrections at an average of 60% speed of adjustment. The estimated models are confirmed to be valid based on the outcomes of the postestimation tests. Policy implications that support the path to sustainability are highlighted based on the findings.

Suggested Citation

  • Syed Abdul Rehman Khan & Ridwan Lanre Ibrahim & Abul Quasem Al-Amin & Zhang Yu, 2022. "An Ideology of Sustainability under Technological Revolution: Striving towards Sustainable Development," Sustainability, MDPI, vol. 14(8), pages 1-21, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:8:p:4415-:d:788979
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