Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries
ASEAN countries are emerging economies facing substantial, sustainable energy production and consumption challenges. Power sources’ availability, sustainability, and efficiency are imperative to ensure ecological sustainability. Therefore, these countries must explore the factors that promote sustai...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-10-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019463/full |
| _version_ | 1811182698114318336 |
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| author | Kenjie Chen Shaohui Zhang |
| author_facet | Kenjie Chen Shaohui Zhang |
| author_sort | Kenjie Chen |
| collection | DOAJ |
| description | ASEAN countries are emerging economies facing substantial, sustainable energy production and consumption challenges. Power sources’ availability, sustainability, and efficiency are imperative to ensure ecological sustainability. Therefore, these countries must explore the factors that promote sustainable energy supply. The current study investigates the interlinkages between energy infrastructure, financial inclusion, and digitalization on the ecological sustainability of ASEAN region from 1980 to 2018. The study applied the continuously updated fully modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) estimators to address cross-sectional dependency and slope heterogeneity issues. The study’s findings show that energy infrastructure, financial inclusion, and digitalization help to reduce ecological footprints in the long run. Moreover, digitalization complements the impact of energy-efficient infrastructure on ecological footprints. These findings recommend that ASEAN countries should improve energy infrastructure by integrating digitalization into energy supply production, management, and distribution. |
| first_indexed | 2024-04-11T09:34:53Z |
| format | Article |
| id | doaj.art-d404da47cade4f5c8295c0d89a910492 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-11T09:34:53Z |
| publishDate | 2022-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-d404da47cade4f5c8295c0d89a9104922022-12-22T04:31:44ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-10-011010.3389/fenvs.2022.10194631019463Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countriesKenjie Chen0Shaohui Zhang1School of Finance and Economic, Guangdong University of Science and Technology, Dongguan, ChinaSchool of Credit Management, Guangdong University of Finance, Guangzhou, ChinaASEAN countries are emerging economies facing substantial, sustainable energy production and consumption challenges. Power sources’ availability, sustainability, and efficiency are imperative to ensure ecological sustainability. Therefore, these countries must explore the factors that promote sustainable energy supply. The current study investigates the interlinkages between energy infrastructure, financial inclusion, and digitalization on the ecological sustainability of ASEAN region from 1980 to 2018. The study applied the continuously updated fully modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) estimators to address cross-sectional dependency and slope heterogeneity issues. The study’s findings show that energy infrastructure, financial inclusion, and digitalization help to reduce ecological footprints in the long run. Moreover, digitalization complements the impact of energy-efficient infrastructure on ecological footprints. These findings recommend that ASEAN countries should improve energy infrastructure by integrating digitalization into energy supply production, management, and distribution.https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019463/fullenergy efficiencyfinancial inclusiondigitalizationCUP-FMCUP-BCASEAN |
| spellingShingle | Kenjie Chen Shaohui Zhang Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries Frontiers in Environmental Science energy efficiency financial inclusion digitalization CUP-FM CUP-BC ASEAN |
| title | Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries |
| title_full | Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries |
| title_fullStr | Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries |
| title_full_unstemmed | Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries |
| title_short | Influence of energy efficient infrastructure, financial inclusion, and digitalization on ecological sustainability of ASEAN countries |
| title_sort | influence of energy efficient infrastructure financial inclusion and digitalization on ecological sustainability of asean countries |
| topic | energy efficiency financial inclusion digitalization CUP-FM CUP-BC ASEAN |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1019463/full |
| work_keys_str_mv | AT kenjiechen influenceofenergyefficientinfrastructurefinancialinclusionanddigitalizationonecologicalsustainabilityofaseancountries AT shaohuizhang influenceofenergyefficientinfrastructurefinancialinclusionanddigitalizationonecologicalsustainabilityofaseancountries |