Asymmetric impact of information and communication technologies on environmental quality: analyzing the role of financial development and energy consumption

The development of information and communication technologies (ICT) positively contributes to economic growth; however, their environmental implications cannot be ignored. Therefore, it is imperative to investigate the impact of ICT, energy consumption, economic growth, and financial development on...

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Bibliographic Details
Published in:Environment, development and sustainability development and sustainability, 2022-02, Vol.24 (2), p.1761-1780
Main Authors: Shehzad, Khurram, Zaman, Umer, Ahmad, Mahmood, Liu, Xiaoxing
Format: Article
Language:English
Subjects:
Air quality
Asymmetry
Autoregressive models
Carbon dioxide
Carbon dioxide emissions
Communications technology
Earth and Environmental Science
Ecology
Economic development
Economic Geology
Economic Growth
Economics
Emissions
Empirical analysis
Energy consumption
Environment
Environmental Economics
Environmental impact
Environmental Kuznets curve
Environmental Management
Environmental quality
Impact analysis
Information technology
Kuznets curve
Sustainable Development
Time series
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Summary:The development of information and communication technologies (ICT) positively contributes to economic growth; however, their environmental implications cannot be ignored. Therefore, it is imperative to investigate the impact of ICT, energy consumption, economic growth, and financial development on the air quality in Pakistan. Drawing on the data set from 1976 to 2018, we employed Nonlinear Autoregressive Distributed Lag model. The results revealed that there is a substantial presence of asymmetric cointegration between ICT and CO 2 emissions. The empirical results unfold that positive shocks in ICT negatively affect CO 2 emissions, implying that an increase in ICT brings a decrease in CO 2 emission; negative shocks in ICT publicized a negative association with CO 2 emissions, inferring that a decrease in ICT will bring an upsurge in CO 2 emissions. Moreover, on the dark side, energy consumption and financial development degrade the environmental quality by increasing the CO 2 emissions in Pakistan. Additionally, the existence of the Environmental Kuznets Curve hypothesis in Pakistan was confirmed. Our key findings emphasize the importance of ICT development and several environmental implications in attaining the sustainable development goal.
ISSN:1387-585X
1573-2975
DOI:10.1007/s10668-021-01506-w