TY - JOUR
T1 - Indian energy policies amidst urban population and economic growth
T2 - Sourcing evidence from time-frequency domain analysis
AU - Sinha, Avik
AU - Adebayo, Tomiwa Sunday
AU - Bekun, Festus Victor
N1 - Publisher Copyright:
© The Author(s) 2024.
PY - 2024
Y1 - 2024
N2 - Relying solely on fossil fuel-driven economic growth could prove unsustainable, particularly in India, where the adverse environmental impact of this growth trajectory is increasingly affecting overall economic development. This challenge may hinder the realization of the sustainable development goals (SDGs) in the country. Therefore, to address this policy concern, an empirically investigation on the influence of various growth drivers on India's economic growth from 1965 to 2019 was conducted by this present study. Leveraging time-frequency estimators like gradual shift causality tests and Wavelet Coherence, the study yields a range of findings that can inform the formulation of an SDG-oriented policy framework. These outcomes not only acknowledge the detrimental environmental consequences of economic growth but also provide insights into addressing energy security issues. Ultimately, this research enhances to the literature by suggesting a comprehensive and adaptable policy framework aimed at advancing SDGs 7, 8, 12, and 13.
AB - Relying solely on fossil fuel-driven economic growth could prove unsustainable, particularly in India, where the adverse environmental impact of this growth trajectory is increasingly affecting overall economic development. This challenge may hinder the realization of the sustainable development goals (SDGs) in the country. Therefore, to address this policy concern, an empirically investigation on the influence of various growth drivers on India's economic growth from 1965 to 2019 was conducted by this present study. Leveraging time-frequency estimators like gradual shift causality tests and Wavelet Coherence, the study yields a range of findings that can inform the formulation of an SDG-oriented policy framework. These outcomes not only acknowledge the detrimental environmental consequences of economic growth but also provide insights into addressing energy security issues. Ultimately, this research enhances to the literature by suggesting a comprehensive and adaptable policy framework aimed at advancing SDGs 7, 8, 12, and 13.
KW - environmental externality
KW - gradual shift causality
KW - India
KW - SDG
KW - wavelet coherence
UR - http://www.scopus.com/inward/record.url?scp=85193985157&partnerID=8YFLogxK
U2 - 10.1177/0958305X241251464
DO - 10.1177/0958305X241251464
M3 - Article
AN - SCOPUS:85193985157
SN - 0958-305X
JO - Energy and Environment
JF - Energy and Environment
ER -