Authors :
Teesha Agarwal; Dr Sreelakshmi P.
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/y4js3eae
Scribd :
https://tinyurl.com/2pc3aszs
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR1081
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
The 21st century has witnessed a surge in concerns surrounding environmental degradation, prompting investigations
into its contributing factors. This study delves into the impact of agricultural exports and financial openness on the ecological
footprint of India, utilizing time series data for a comprehensive analysis. Employing unit root tests and the VECM model
for cointegration analysis, the study offers compelling insights. The findings reveal a positive association between
agricultural exports and a reduction in India’s ecological footprint in both the long and short run, suggesting that increased
agricultural exports contribute to environmental sustainability. The study demonstrates a positive association between
financial openness and the ecological footprint, indicating that increasing financial openness leads to environmental
sustainability in India. These findings align with previous studies highlighting the potential trade-offs between economic
growth and environmental protection. Conversely, the study identifies trade openness is negatively associated with the
Ecological Footprint, increase in trade openness leads to an increase in environmental degradation. Furthermore, the study
identifies economic growth as an additional factor significantly impacting India’s ecological footprint. These findings
underscore the complex interplay between various economic and environmental forces. This study contributes to the ongoing
dialogue on sustainable development by providing valuable empirical evidence on the specific case of Ind. The findings offer
policymakers crucial insights for crafting strategies that promote economic growth while minimizing environmental harm.
Keywords :
Agricultural Exports, Financial Openness, Trade Openness, Ecological Footprint, VECM.
The 21st century has witnessed a surge in concerns surrounding environmental degradation, prompting investigations
into its contributing factors. This study delves into the impact of agricultural exports and financial openness on the ecological
footprint of India, utilizing time series data for a comprehensive analysis. Employing unit root tests and the VECM model
for cointegration analysis, the study offers compelling insights. The findings reveal a positive association between
agricultural exports and a reduction in India’s ecological footprint in both the long and short run, suggesting that increased
agricultural exports contribute to environmental sustainability. The study demonstrates a positive association between
financial openness and the ecological footprint, indicating that increasing financial openness leads to environmental
sustainability in India. These findings align with previous studies highlighting the potential trade-offs between economic
growth and environmental protection. Conversely, the study identifies trade openness is negatively associated with the
Ecological Footprint, increase in trade openness leads to an increase in environmental degradation. Furthermore, the study
identifies economic growth as an additional factor significantly impacting India’s ecological footprint. These findings
underscore the complex interplay between various economic and environmental forces. This study contributes to the ongoing
dialogue on sustainable development by providing valuable empirical evidence on the specific case of Ind. The findings offer
policymakers crucial insights for crafting strategies that promote economic growth while minimizing environmental harm.
Keywords :
Agricultural Exports, Financial Openness, Trade Openness, Ecological Footprint, VECM.
