Driving human development through ecological impact for emerging economies: the role of trade openness

Jain, Neha, Verma, Anushka and Mohapatra, Geetilaxmi (2024) Driving human development through ecological impact for emerging economies: the role of trade openness. Environmental Science and Pollution Research. ISSN 1614-7499 (In Press)

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Abstract

The present study attempts to examine the link between trade openness and sustainable human development (SHD) in 19 emerging economies. The study used the data for the period from 1996 to 2019. The study employed fixed-effect regression with Driscoll–Kraay standard error techniques robust to cross-section dependence. The study found the favorable impact of trade openness on sustainable development through sustainable human development. Trade openness affects sustainable human growth in many ways. It is a critical component that should not be ignored in sustainable development policies. Moreover, foreign direct investment, economic growth, and renewable energy consumption positively impact the sustainable human development. In contrast, innovations and institutional quality have an adverse impact on SHD. The study also provides policy suggestions for the emerging economies that will promote all the dimensions of sustainable development: economic, social, and environmental.

Item Type: Article
Keywords: Trade | Sustainable development | Sustainable human development | Cross-section dependence | Emerging economies | Institutional quality
Subjects: Social Sciences and humanities > Economics, Econometrics and Finance > Banking and Finance
Physical, Life and Health Sciences > Environmental Science, Policy and Law
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal School of Banking & Finance
Depositing User: Subhajit Bhattacharjee
Date Deposited: 04 Sep 2024 09:35
Last Modified: 04 Sep 2024 09:35
Official URL: https://doi.org/10.1007/s11356-024-34787-5
URI: https://pure.jgu.edu.in/id/eprint/8399

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