The role of information and communication technology and financial development in shaping a low-carbon environment: a Belt and Road journey toward development

IF 5.1 3区管理学 Q1 DEVELOPMENT STUDIES Information Technology for Development Pub Date : 2022-07-12 DOI:10.1080/02681102.2022.2095607

Shah Saud, Abdul Haseeb, Songsheng Chen, Huiyun Li

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引用次数: 7

Abstract

ABSTRACT In the era of globalization, information and communication technology (ICT) plays a crucial role in economic development and environmental sustainability. ICT enables economies to interact with each other around the globe, and the current fast ICT mode makes globalization a reality in today’s technological world. However, its abrupt rise in installation and operation may increase energy demand and environmental degradation. Thus, this study embarks upon the role of ICT and financial development in shaping a low-carbon environment for sixty Belt and Road Initiative (BRI) economies using balanced panel data spanning 1990–2018. This study adopts the Driscoll–Kraay standard error long-run estimation technique and the Dumitrescu–Hurlin panel causality approach. The results reveal that ICT, financial development, and globalization are negatively related to CO2 emissions; however, economic growth and electricity consumption stimulate CO2 emissions, threatening environmental sustainability. Interestingly, a U-shaped relationship is observed between economic growth and CO2 emissions for BRI economies. Moreover, the causality results reveal bidirectional causal relationships between ICT, financial development and globalization with CO2 emissions. The findings urge the adoption of advanced ICT in the industrial sector for efficient energy use and socioeconomic development.

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信息通信技术和金融发展在塑造低碳环境中的作用:“一带一路”发展之旅

在全球化时代，信息通信技术(ICT)在经济发展和环境可持续性方面发挥着至关重要的作用。信息通信技术使全球经济能够相互交流，当前快速的信息通信技术模式使全球化成为当今技术世界的现实。然而，它的安装和运行的突然增加可能会增加能源需求和环境恶化。因此，本研究利用1990年至2018年的均衡面板数据，探讨了信息通信技术和金融发展在为60个“一带一路”经济体塑造低碳环境中的作用。本研究采用driscolli - kraay标准误差长期估计技术和dumitrescui - hurlin面板因果关系方法。结果表明，信息通信技术、金融发展和全球化与CO2排放呈负相关;然而，经济增长和电力消费刺激了二氧化碳排放，威胁到环境的可持续性。有趣的是，“一带一路”经济体的经济增长与二氧化碳排放呈u型关系。此外，因果关系结果还揭示了ICT、金融发展和全球化与CO2排放之间的双向因果关系。研究结果敦促在工业部门采用先进的信息和通信技术，以促进有效的能源利用和社会经济发展。

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来源期刊

Information Technology for Development Multiple-

CiteScore

11.30

自引率

16.70%

发文量

期刊介绍： Information Technology for Development , with an established record for publishing quality research and influencing practice, is the first journal to have explicitly addressed global information technology issues and opportunities. It publishes social and technical research on the effects of Information Technology (IT) on economic, social and human development. The objective of the Journal is to provide a forum for policy-makers, practitioners, and academics to discuss strategies and best practices, tools and techniques for ascertaining the effects of IT infrastructures in government, civil societies and the private sector, and theories and frameworks that explain the effects of IT on development. The concept of development relates to social, economic and human outcomes from the implementation of Information and Communication Technology (ICT) tools, technologies, and infrastructures. In addition to being a valuable publication in the field of information systems, Information Technology for Development is also cited in fields such as public administration, economics, and international development and business, and has a particularly large readership in international agencies connected to the Commonwealth Secretariat, United Nations, and World Bank.