Faculty Publications
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Item Nexus between foreign direct investment and ecological footprint in BRICS and Next-11: the moderating role of green innovation(Emerald Publishing, 2024) Padhan, L.; Bhat, S.Purpose: The study examines the presence of the pollution haven or pollution halo hypothesis in Brazil, Russia, India, China and South Africa (BRICS) and Next-11 economies. Hence, it empirically tests the direct impact of foreign direct investment (FDI) on the ecological footprint. Further, it explores the moderating role of green innovation on the nexus between FDI and ecological footprint. Design/methodology/approach: The study uses the Driscoll–Kraay (DK) standard error panel regression technique to examine the long-run elasticities amongst the variables for the group of emerging countries, BRICS and Next-11, during the period of 1992 to 2018. Further, statistical robustness is demonstrated using the fully modified ordinary least squares technique. Findings: The empirical finding shows that FDI degrades environmental quality by raising the ecological footprint. Thus, it proves that FDI is a source of pollution haven in BRICS and Next-11 countries. However, green innovation negatively moderates the relationship between FDI and ecological footprint. That means the joint impact of green innovation, and FDI proves the presence of the pollution halo hypothesis. Further, renewable energy consumption is reducing the ecological footprint, but economic growth and industrialisation are worsening the environmental quality. Practical implications: This study offers policy implications for governments and policymakers to promote environmental sustainability by improving green innovation and allowing FDI that encourages clean and advanced technology. Originality/value: No prior studies examine the moderating role of green innovation on the relationship between FDI and ecological footprint in the context of emerging countries. © 2023, Emerald Publishing Limited.Item The relevance of renewable energy and green innovation in environmental sustainability: evidence from BRICS countries(Inderscience Publishers, 2025) Padhan, L.; Bhat, S.The study examines the significance of green innovation and renewable energy usage in reducing the carbon and ecological footprints in Brazil, Russia, India, China, and South Africa (BRICS) countries. It applies a series of econometric techniques and the Driscoll-Kraay standard errors regression approach to data collected between 1995 and 2018 based on the environmental Kuznets curve (EKC) hypothesis. Important macroeconomic control variables, such as industrialisation, urbanisation, financial development, trade openness, and natural resources, are also used to strengthen the model. Empirical results show that a 1% increase in green innovation reduces the carbon and ecological footprint by 0.229% and 0.226%, respectively. Further, increasing renewable energy consumption by 1% decreases the carbon and ecological footprints by 0.024% and 0.032%, respectively. Furthermore, the empirical findings support the EKC hypothesis. The study has important policy implications for governments and policymakers of emerging countries to invest more in green innovation and promote renewable energy. © © 2025 Inderscience Enterprises Ltd.Item Analysing the role of globalisation, institutional qualities, and renewable energy consumption in environmental degradation mitigation: the SAARC experience(Springer Science and Business Media B.V., 2025) Padhan, L.; Bhat, S.The main purpose of this work is to investigate the impacts of four different dimensions of globalisation (financial, trade, social, and political), institutional qualities, and renewable energy consumption on ecological footprints and carbon dioxide (CO2) emissions in the Environmental Kuznets Curve (EKC) framework. For quantitative analysis, this study includes yearly data from 1995 to 2020 for five South Asian Association for Regional Cooperation (SAARC) nations: Bangladesh, India, Nepal, Pakistan, and Sri Lanka. SAARC countries are the most vulnerable to climate change and fast economic transitions. The study employs the second-generation panel unit root test, the Westerlund cointegration technique, and the Driscoll-Kraay (DK) Standard Errors regression technique. The study shows that social globalisation, institutional quality, renewable energy consumption, and industrialisation benefit the environment by lowering the ecological footprint and CO2 emissions. Trade and political globalisation are harmful to the environment as both indicators have a significant positive impact on ecological footprint and CO2 emissions. Financial globalisation has a significant negative impact on only CO2 emissions and is not significant in the case of ecological footprint. Further, the empirical estimates validate the inverted U-shaped EKC hypothesis concerning ecological footprints and CO2 emissions. Furthermore, the robustness of long-term outcomes has been examined using the FMOLS and DOLS techniques. The present work suggests that SAARC countries can achieve a cleaner environment by adopting renewable energy, implementing strong institutional qualities, and promoting efficient technologies through globalisation. © The Author(s), under exclusive licence to Springer Nature B.V. 2023.