Nuclear energy, human capital, and urbanization tackling environmental concerns in India: evidence from QARDL and quantile co‑integration
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Date
2024-03-14
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Environment, Development and Sustainability
Abstract
Besides being a nuclear power and home to 1.4 billion people, India is transforming
through rapid urbanization. Given the contribution of urbanization to the improvement
of living standards and economic growth, countries are pursuing it; however, policymakers
are concerned about its impact on the environment. Against this backdrop, this study
analyzed the influence of urbanization and nuclear energy on ecological footprints while
also considering economic growth and natural resources. To this end, the study employed
annual data from 1971 to 2017. The research used the innovative QARDL approach for
a thorough examination of quantile dynamics to guide policymakers. Results revealed
economic growth upsurges environmental degradation while human capital and urbanization
reduce ecological footprints in India. Interestingly, nuclear energy is found to have a
negative impact; however, it is significant at quantiles closer to the median. Furthermore,
natural resources are found to be insignificant across all quantiles. The policy implications
emphasize the importance of urbanization in achieving India’s sustainable environmental
goals and long-run equilibrium.
Description
Keywords
Nuclear energy · Ecological footprints · Urbanization · Human capital · QARDL