Abstract
This study integrates technological innovation and economic growth into the environmental degradation function for India. Unlike prior studies, it uses the three-dimensional ecological footprint as a measure of environmental quality for the period span from 1980 to 2022. Empirically, the study employs the Auto-Regressive Distributed Lag (ARDL) model alongside various cointegration regression methods. The results indicate that technological innovation has a positive and significant impact in the long run; however, it exhibits a negative and significant effect in the short run. This finding suggests that, though technological innovation may contribute to environmental degradation over time by increasing the three-dimensional ecological footprint, it can enhance environmental quality in the short term by reducing it. Additionally, the study confirms the Environmental Kuznets Curve (EKC) hypothesis concerning the three-dimensional ecological footprint in the long run, while it does not find support for this relationship in the short run. Finally, the study recommends comprehensive technology and economy-related policies to foster the path to sustainable development.
Published Version
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