| Pub. Date | : Jan, 2023 |
|---|---|
| Product Name | : The IUP Journal of Applied Economics |
| Product Type | : Article |
| Product Code | : IJAE10123 |
| Author Name | : Ajay K Singh, Sandeep Kumar Sharma and Sanjaya Kumar Lenka |
| Availability | : YES |
| Subject/Domain | : Economics |
| Download Format | : PDF Format |
| No. of Pages | : 34 |
The study examines the causal relationship between Green Entrepreneurship Ecosystem (GEE) and Sustainable Development (SD) and its key drivers in the short and long term using ARDL model. It uses Global Sustainable Development Index (GSDI), Economic Development Index (EDI), Social Development Index (SDI), Environmental Sustainability Index (ESI) and Green Entrepreneurship Ecosystem Index (GEEI) as proxy variables for social, economic, social and environmental development, and GEE, respectively in a simultaneous set of regression equations. GSDI, EDI, SDI, ESI and GEEI related data were used for 34 countries for the period 2000-2019. The empirical findings reveal that GEE would be useful to boost social, economic and environmental development in the long term. The impact of GEE on social and economic development was negative in the short run, while environmental development would be positive in enhancing economic and social development, and GEE in the long term. The Granger causality test was also used to check the cointegration, and short- and long-term causality of explanatory variables with respective dependent variables, and the results are presented. .
Sustainable Development (SD) meets the requirements of present and future generations through preserving the quality and quantity of natural resources (Singh et al., 2019; and Chandel, 2022). SD ensures sustainability of available resources and increases their productivity in the long term (yigun, 2015; Roomi et al., 2020; and Sridhara et al., 2022). Further, sustainability of resources increases livelihood security of current and future generations without degrading the ecological services and natural resources (Singh et al., 2022a). SD