Promoting sustainable economic growth through natural resources management, green innovations, environmental policy deployment, and financial development: Fresh evidence from India

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dc.authorid0000-0002-6834-8981
dc.contributor.authorManigandan, Palanisamy
dc.contributor.authorAlam, Md Shabbir
dc.contributor.authorMurshed, Muntasir
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorAltuntaş, Sümeyya
dc.contributor.authorAlam, Mohammad Mahtab
dc.date.accessioned2024-02-16T07:26:03Z
dc.date.available2024-02-16T07:26:03Z
dc.date.issued2024
dc.departmentİstanbul Medipol Üniversitesi, Sosyal Bilimler Meslek Yüksekokulu, Bankacılık ve Sigortacılık Ana Bilim Dalı
dc.description.abstractGiven the fact that the Indian government has ratified several international and local agreements for expressing its willingness to promote sustainable economic growth, this study assesses the impacts of natural resource, financial development, green-energy technologies, and environmental policies on India's sustainable economic growth-related performances which is measured by the nation's multifactor productivity-adjusted level of economic output. In this regard, this study uses annual level data spanning from 1990Q1 to 2019Q4 and utilizes them for conducting advanced econometric tests. According to the long-run findings, sustainable economic growth in India is negatively impacted by natural resource consumption and positively impacted by green innovations, financial development, and environmental policy implementations. Besides, the Fourier Toda Yamamoto test's findings show that sustainable economic growth is unidirectionally caused by green innovations and financial development. These results have important policy implications, especially for India's prospects of establishing sustainable economic growth, especially by stimulating green innovations and deploying effective environmental policies. Considering the key findings, the Indian government may enhance the stringency levels of regulatory measures to curb the sustainable economic grwoth-inhibiting effects of natural resources. Further, to control the sustainable economic growth-retarding factors, the government should simultaneously scale monetary allocations for financing projects related to the development of environmental patents so that technologies can be developed for improving environmental well-being while expediting the renewable energy transition process across India.
dc.description.sponsorshipKing Khalid University ; Deanship of Scientific Research, King Khalid Universityen_US
dc.identifier.citationManigandan, P., Alam, Md S., Murshed, M., Öztürk, İ., Altuntaş, S. ve Alam, M. M. (2024). Promoting sustainable economic growth through natural resources management, green innovations, environmental policy deployment, and financial development: Fresh evidence from India. Resources Policy, 90. https://dx.doi.org/10.1016/j.resourpol.2024.104681
dc.identifier.doi10.1016/j.resourpol.2024.104681
dc.identifier.issn0301-4207
dc.identifier.scopus2-s2.0-85184036583
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://dx.doi.org/10.1016/j.resourpol.2024.104681
dc.identifier.urihttps://hdl.handle.net/20.500.12511/12283
dc.identifier.volume90
dc.identifier.wos001177910800001en_US
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorAltuntaş, Sümeyya
dc.language.isoen
dc.publisherElsevier Ltd
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/embargoedAccess
dc.subjectSustainable Economic Growth
dc.subjectNatural Resources
dc.subjectFinancial Development
dc.subjectGreen Innovations
dc.subjectEnvironmental Policies
dc.titlePromoting sustainable economic growth through natural resources management, green innovations, environmental policy deployment, and financial development: Fresh evidence from India
dc.typeArticle

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