The The Nexus of Human Capital, Information Communication Technologies and Research and Development Expenditure in Promoting Environmental Sustainability: Does Financial Development Matter?

Authors

  • Faiq Mahmood Department of Lyallpur Business School, Government College University, Faisalabad Pakistan
  • Ahsan Riaz Department of Lyallpur Business School, Government College University, Faisalabad Pakistan https://orcid.org/0000-0002-8436-3241
  • Ayesha Ateeq Department of Lyallpur Business School, Government College University, Faisalabad Pakistan
  • Shahid Mahmood Department of Lyallpur Business School, Government College University, Faisalabad Pakistan
  • Nimra Riaz Department of  Higher Education, Punjab, Pakistan

DOI:

https://doi.org/10.32479/ijeep.13001

Abstract

The present study shows that environmental degradation and environmental sustainability are two distinct domains of environmental quality. Regrettably, existing researchers interpret the impact of different factors on environmental sustainability as their findings are based on the explicit measure of the environment (CO2 or GHG emissions). Therefore, this study contributes to the ongoing environment debate by analyzing the role of human capital, information communication technologies, and research and development expenditures on environmental sustainability. The study further tests financial development's moderating role concerning human capital, information communication technologies, R&D expenditures, and environmental sustainability. In this regard, the study collects the annual time series data from the panel of four South Asian Economies (Pakistan, India, Sri Lanka, and Nepal) during 1996-2018 from WDI and Penn world databases. The findings of DOLS show that human capital, information, communication technologies, and R&D expenditures positively contribute to environmental sustainability and financial development, further intensifying the relationship between human capital and environmental sustainability, information and communication technologies, and R&D expenditures environmental sustainability. The study recommends that increasing human capital, information, and communication technologies, R&D expenditures, and financial development play a major role in promoting environmental sustainability

Keywords:

Human capital, information and communication technologies, R&D expenditures, South Asian Economies, Financial Development, Environmental Sustainability

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Author Biographies

Faiq Mahmood, Department of Lyallpur Business School, Government College University, Faisalabad Pakistan

Dr. Faiq Mahmood is an assistant professor at Lyallpur Business School, Government College University, Faisalabad, Pakistan. His research interest includes corporate financial decision-making, cost and benefits of business groups, corporate governance,  CEO compensation, and Corporate Social Responsibility.

Ayesha Ateeq, Department of Lyallpur Business School, Government College University, Faisalabad Pakistan

   

Nimra Riaz, Department of  Higher Education, Punjab, Pakistan

Ms. Nimra Riaz completed her degree in m.phil finance at Lyallpur Business School at GC University Faisalabad, Pakistan. Currently, she is serving as Lecturer at the Government graduate college for women, Faisalabad, Pakistan. She has teaching and research experience of more than four years in Accounting and Finance

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Published

2022-05-18

How to Cite

Mahmood, F., Riaz, A., Ateeq, A., Mahmood, S., & Riaz, N. (2022). The The Nexus of Human Capital, Information Communication Technologies and Research and Development Expenditure in Promoting Environmental Sustainability: Does Financial Development Matter?. International Journal of Energy Economics and Policy, 12(3), 497–504. https://doi.org/10.32479/ijeep.13001

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Articles