Impact of Energy and Economic Activity on Ecological Footprint; A case of Selected Asian Countries

Abstract

This study examines the impact of energy consumption, Gross Domestic Product per capita, Imports, Agricultural emissions, and Renewable energy resources on the country’s Ecological Footprint in 6 Selected Asian economies. The motivation to examine the relationship is the dependence of these economies on the emission-induced segments, i.e., petroleum and agriculture. Both sectors are involved in the excess consumption of non-renewable reserves. Nature has its way of healing itself. The recovery rate is vital to know as it will help an economy to align its consumption rate with the supply rate of natural resources. The empirical results from Error Correction Models show statistically significant positive relationship between energy consumption, Gross Domestic Product per capita, Imports, Agricultural emissions, and Ecological Footprint. With the increase utilization of renewable energy, it is found that Ecological Footprint decreases. The repercussions of these outcomes for energy program are to encompass sustainable development plans along with economic development.