The Nexus of Energy, Finance, Governance and Remittances with Economic Complexity and Ecological Footprints in SAARC Economies

Authors

  • Nusrat Jahan Pria Department of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh,
  • Md Jobayer Alam Management Information Systems, Lamar University, Beaumont, Texas, USA.
  • Abu Hurira Management Information Systems, Lamar University, Beaumont, Texas, USA.
  • Md Juyel Rana Management Information Systems, Lamar University, Beaumont, Texas, USA.
  • Md Kamrujjaman Management Information Systems, Lamar University, Beaumont, Texas, USA.
  • SM Rukaya Akhter Management Information Systems, Lamar University, Beaumont, Texas, USA.
  • Md. Farid Dewan Department of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh,
  • Md. Golam Kibria Department of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh,
  • Imran Hossain Department of Economics, Noakhali Science and Technology University, Noakhali, Bangladesh,

DOI:

https://doi.org/10.32479/ijeep.21972

Keywords:

Renewable Energy, Financial Development, Remittance, Ecological Footprint, Economic Complexity, SAARC

Abstract

This assessment delves into the intensity of SAARC's government effectiveness, financial development, renewable energy, remittances, and GDP on the country's ecological footprint and economic complexity. Data applied to the economic complexity (EC) and ecological footprint (EFP) model covers 1995–2021. Judging by the Discoll-Kraay Standard Error analysis, financial development itself and its indices, including financial Institutions and the financial market amplifies ecological footprint and economic complexity in the SAARC economies but unfortunately, elevation of ecological footprint is undesirable for the environment. Nevertheless, the economic complexity and ecological impact of SAARC are being heightened by government effectiveness, remittances, and GDP. Renewable energy increases economic complexity, despite its reduced EFP. Moreover, the interactions among government effectiveness, remittance and financial development have a positive influence on the both models. Evidently, the validity and credibility of the findings are confirmed by the Panel-Corrected Standard Errors (PCSE) and Feasible Generalized Least Squares (FGLS) model. The authority should continue stable financial institution and market, proper allocation of remittances, effective government duties to make sustainable economic enhancement.

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Published

2026-02-08

How to Cite

Pria, N. J., Alam, M. J., Hurira, A., Rana, M. J., Kamrujjaman, M., Akhter, S. R., … Hossain, I. (2026). The Nexus of Energy, Finance, Governance and Remittances with Economic Complexity and Ecological Footprints in SAARC Economies. International Journal of Energy Economics and Policy, 16(2), 80–95. https://doi.org/10.32479/ijeep.21972

Issue

Vol. 16 No. 2 (2026)

Section

Articles

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