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Greening the knowledge-based economies: Harnessing natural resources and innovation in information and communication technologies for green growth

The quest for green growth through the sustainable use of natural resources (NRs) and innovation in information and communication technologies (IICTs) has gained the utmost significance in the modern era, and the knowledge-based economies (KBEs) have been at the leading edge of embracing sustainable methods for accomplishing sustainable development objectives. However, the relationship between NRs, IICTs, and green growth remain unexplored. This study evaluates the impact of IICTs and NRs, alongside other key factors such as contractionary export policy (CEP), expansionary export policy (EEP), fossil fuels consumption (FFC), the labor force (LF), and gross fixed capital formation (GFCF) on green growth. Findings confirm that IICTs, NRs, GFCF, LF, and EEP positively affect green growth. The current research employs Slope homogeneity test, cross-sectional dependency test, Westerlund and Edgerton cointegration test, and cross-sectional augmented autoregressive distributed lag estimator to achieve the study's objective. These results highlight the significance of integrating environmentally conscious procedures and relying on technological advances within the information and communication technology sector to promote green development and ecological integrity. In addition, the study indicates that a growing reliance on FFC and the implementation of CEP harm green growth, underscoring the necessity of moving to renewable energy sources and promoting favorable trade policies. This study suggests that policymakers should emphasize IICTs, effective NRs management, GFCF, labor skills, EEP, and the transition to greener energy. Moreover, they should incorporate ecological factors in their trade practices to reconcile economic growth with sustainability goals.

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Evaluating the resource curse hypothesis and the interplay of financial development, human development, and political stability in seven emerging economies.

The present study empirically confabulates the authenticity of the "resource curse hypothesis" in selected emerging nations. Furthermore, we also assessed the interconnections of three essential economic indicators with financial development, i.e., human development, political stability, and gross domestic product. To effectuate these objectives, we used annual data for the time frame 1990 to 2020 and advanced panel estimation techniques for getting the empirical outcomes. The study's empirical outcomes illustrate the existence of the "resource curse hypothesis" in sample nations. In addition, human development index and gross domestic product play an essential part in the furtherance of financial development in the long-run. The human development index is upsurging the financial development. Furthermore, political stability is also exerting a favorable influence on financial development. A similar interconnection is observed in the short-time period; nonetheless, the amplitude of the short-run impacts is smaller if we have a look at the long-run impacts. The empirical analysis offers a few pertinent policy insights for policymakers to improve the situation in the selected sample. Note: Financial development positively interconnected with human development, GDP and political stability while negatively associated with natural resources, respectively.

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