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How economic globalization affects the ecological footprint in India? A novel dynamic ARDL simulations

Author

Listed:
  • Muhammed Ashiq Villanthenkodath
  • Shreya Pal

Abstract

Purpose - This study scrutinizes the impact of economic globalization on ecological footprint while endogenizing economic growth and energy consumption during 1990–2018 in India. Design/methodology/approach - For time series analysis, the standard unit root test has been employed to unveil the integration order. Then, the cointegration was confirmed using autoregressive distributed lag (ARDL) analysis. Further, the study executed the dynamic ARDL simulation model to estimate long-run and short-run results along with simulation and robotic prediction. Findings - The cointegration analysis confirms the existence of a long-run association among variables. Further, economic globalization reduces the ecological footprint in the long-run. Similarly, energy consumption decreases the ecological footprint. In contrast, economic growth spurs the ecological footprint in India. Originality/value - The present study makes valuable and original contributions to the literature by applying a multivariate ecological footprint function, assessing the impact of economic globalization on ecological footprint while considering economic growth and energy consumption in India.

Suggested Citation

  • Muhammed Ashiq Villanthenkodath & Shreya Pal, 2023. "How economic globalization affects the ecological footprint in India? A novel dynamic ARDL simulations," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 41(2), pages 680-700, February.
    • Handle: RePEc:eme:jeaspp:jeas-01-2022-0005
    DOI: 10.1108/JEAS-01-2022-0005
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    More about this item

    Keywords

    Economic globalization; Ecological footprint; India; Dynamic ARDL simulation Model; C22; F6; Q57;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F6 - International Economics - - Economic Impacts of Globalization
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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