Analyzing nonlinear impact of economic growth drivers on CO2 emissions: Designing an SDG framework for India

By Muhammad Shahbaz, Rajesh K Sharma, Avik Sinha, Zhilun Jiao. 2020

219 citations recorded by the source corpus.

Several Asian countries are facing challenges regarding accomplishment of the objectives of Sustainable Development Goals (SDGs), and India is facing a similar situation. Following this, this study talks about designing an SDG framework for India, which can be used as a benchmark for the other Asian countries. In this pursuit, this study looks into whether per capita income, energy use, trade openness, and oil price have any impact on CO2 emissions between 1980 and 2019. The nonlinear autoregressive distributed lag approach proves that the fluctuations in independent variables have an asymmetric long-term impact on CO2 emissions. The results reveal that the prevailing economic growth pattern in India is environmentally unsustainable, because of its dependence on fossil fuel-based energy consumption and imported crude oil. Import substitution has been identified as one of the first stepping stones to address this issue, and accordingly, a multipronged SDG framework has been designed based on the direct and extended version of the study outcomes. While the Central policy framework shows a way to address SDG 7, SDG 8, SDG 12, and SDG 13, the Tangential policy framework shows the way to sustain the Central policy framework by addressing SDG 4.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/5d62363b145d4c3d410737636fbdfada0bcecbfb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Arshian Sharif
2. Asif Razzaq
3. Ahsan Anwar
4. Avik Sinha
5. Fengsheng Chien
6. Ching-Chih Hsu
7. Muhammad Shahbaz
8. Tuhin Sengupta

In Environmental Engineering

1. Arshian Sharif
2. Ahsan Anwar
3. Asif Razzaq
4. Avik Sinha
5. Olimpia Neagu

In Renewable Energy, Sustainability and the Environment

1. Arshian Sharif
2. Ching-Chih Hsu
3. Fengsheng Chien
4. Ahsan Anwar
5. Avik Sinha
6. Asif Razzaq
7. Muhammad Shahbaz

Citations in the corpus

• Decomposing Scale and Technique Effects of Financial Development and Foreign Direct Investment on Renewable Energy Consumption (2022, unknown): “All the variables have transformed into natural-log before moving for empirical analysis following Shahbaz et al. (2021).”
• Does financial development influence renewable energy consumption to achieve carbon neutrality in the USA (2021, unknown): “Shahbaz et al. (2021) demonstrated this in the Indian context.”
• The role of information and communication technology in encountering environmental degradation: Proposing an SDG framework for the BRICS countries (2021, background): “Bidirectionality is an inherent feature of any policy framework, as the policy instruments are also impacted by the target policy parameter over a period of time (Sinha et al., 2018; Shahbaz et al., 2021).”