Department of Economics and Finance

Permanent URI for this collectionhttp://localhost:4000/handle/123456789/1929

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Author: search.filters.author.Giri, Arun KumarStart date: 1984

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Now showing 1 - 10 of 102
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    Unraveling the role of green innovation, renewable resources, and urban concentration on green and sustainable growth in India
    (Emerald, 2025-06) Giri, Arun Kumar
    This study uses econometric methods robust to unit root analysis, such as ADF and DF-GLS, and the ARDL bounds test approach to analyze the long-run and short-run relationship between the selected time-series variables for India from 1993 to 2021. Further, diagnostic inspection like the Breusch-Pagan-Godfrey test and the Breusch–Godfrey Serial Correlation LM test to determine whether heteroskedasticity and serial correlation exist in the data. CUSUM and CUSUMSQ were applied to assess the stability of the model.
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    Can digital financial inclusion (DFI) effectively alleviate poverty? Evidence from Asian countries
    (Emerald, 2025-06) Giri, Arun Kumar
    The study constructed a digital financial inclusion index using principal component analysis (PCA). To determine the long-run relationship among the identified variables, this study uses various panel econometric techniques such as cross-sectional dependence (CSD) tests; second-generation unit root tests including CIPS and CADF; Pedroni, Kao and Westerlund cointegration tests; CS-ARDL, Driscoll–Kraay (DK) standard error approach and Dumitrescu and Hurlin (D&H) causality tests.
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    Linking information and communication technology diffusion with green technology innovation in emerging economies: Does globalization and green energy growth matters?
    (Emerald, 2025-06) Giri, Arun Kumar; Mohapatra, Geetilaxmi
    The present study aims to explore the intricate dynamics that shape the development of green technology innovation (GTI) in emerging economies during the period spanning from 2000 to 2020. With a specific focus on the crucial factors of ICT diffusion, globalization, green energy and economic growth, this research aims to elucidate the complex dynamics that contribute to the development of sustainable technological advancements.
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    Examining the role of green finance, trade-adjusted carbon emissions and major green economic variables for the BRICST economies
    (Springer, 2025-06) Giri, Arun Kumar
    The BRICST (Brazil, Russia, India, China, South Africa and Turkey) region has experienced rapid economic growth in the last two decades, significantly contributing to the global GDP, population and carbon emissions. Because of their rapid industrial expansion, these economies face environmental challenges that necessitate a transition toward sustainable economic practices. The present study identifies the significant research gap by analyzing the BRICST region studies through thematic mapping. It investigates the impact of the various green economic variables, namely green finance, green trade, green environmental concerns, green energy, green growth and green patents towards trade-adjusted carbon emissions through the MMQR econometric technique. The study provides empirical evidence to support policy interventions to accelerate green growth and climate-resilient economic transitions. These findings offer valuable insights for policymakers, financial institutions and international organizations, emphasizing the need for integrated green strategies to achieve long-term environmental and economic sustainability. The study’s findings indicate that all these green economic parameters help to reduce emissions and thus contribute to the greening of the BRICST region.
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    Towards low carbon economy: role of green finance in climate change mitigation
    (Elsevier, 2024) Giri, Arun Kumar
    In leveraging carbon capture, carbon taxation, technological innovations, and energy transition to tackle environmental degradation in pursuit of the COP-28 vision, there is also a need to consider the viability of green financing to facilitate climate mitigation and achieve a low-carbon economy. The present study investigates the pivotal role green finance can play in mitigating the effects of climate change. The findings from the LCM OLS, LCM FMOLS, and LCM dynamic ARDL model estimators showed that green financing and energy efficiency have a negative and significant effect on climate mitigation. Although the long-run outcome of the dynamic ARDL regression revealed that they have a negative and insignificant effect on climate mitigation, it goes on to suggest that with proper policies in place to sustain energy efficiency and green financing, climate mitigation will be sustained in the long run. While economic growth and technological innovation have a positive effect on climate mitigation, this is indeed expected because economic growth at the initial stage of industrialization encourages environmental destruction. The recommendations are to increase green financing and the adoption of energy-efficient technologies and fuels.
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    ICT diffusion, energy consumption, institutional quality, and environmental sustainability in 20 emerging economies during 2005–2019
    (Springer, 2023-10) Giri, Arun Kumar
    Although developing market economies have expanded substantially over the past three decades, rising pollution has prompted policymakers to question whether this growth is sustainable over the long term. The issue with these markets is that they have prioritized economic growth over environmental protection, even though the former is indispensable to the latter. Nevertheless, the expansion of the Internet, the energy industry, and the unregulated financial sector all contributed to environmental degradation. In light of this, the present study investigates the environmental sustainability of twenty emerging economies for the period 2005–2019, focusing on the impact of ICT diffusion, energy consumption, trade openness, and institutional quality on CO2 emissions. Using economic methodologies robust to CSD, such as Westerlund cointegration and system GMM, the findings confirm the pollution haven theory due to the leakage phenomena. A unit increase in ICT reduces CO2 emissions by 0.007, but its inability to improve energy efficiency raises environmental concerns. The findings indicate that the advantages of renewable sources are insufficient to offset the ecological harm produced by conventional energy production. The efficient use of renewable energy sources is contingent on the quality of institutional regulatory frameworks and the efficacy of regulation enforcement. As a result, if developing economies want to assure a sustainable economic future, they should focus on enhancing the quality of their institutions and investing more in ICTs. To enhance and maintain environmental quality, emerging economies must advocate for the adoption of trade-related ecological standards and energy efficiency measures.
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    Green energy innovation initiatives for environmental sustainability: current state and future research directions
    (Springer, 2024-04) Giri, Arun Kumar
    Worldwide, all countries have been facing the crisis of climate change problem. They have been addressing this issue by focusing on implementing green energy innovation initiatives and promoting a sustainable future through environmental sustainability. In this research study, we focus on examining the role of green finance through green energy innovations, which are taking place in several sectors across different regions to promote environmental sustainability. The study has analysed 152 articles on this research domain through a systematic literature review to understand the present state of existing knowledge. The current study examines the Scopus-indexed research articles from the time period 2002 to 2023. Six emerging themes have been examined to understand their development and the potential impact of green initiatives for environmental sustainability. Various institutional theories have been explored to understand their association with the investigated research area. The paper has discussed multiple challenges that need to be addressed for the speedy implementation of green innovations. Finally, future research questions have been proposed based on the findings from the extant literature and the existing research gaps.
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    ICT diffusion, trade openness and growth: empirical evidence from asian countries
    (Sage, 2024-08) Giri, Arun Kumar
    The present study contributes to the existing literature of trade-growth and information and communication technology (ICT)-growth nexus by examining the impact of ICT-trade nexus on economic and inclusive growth in 17 developing Asian countries for the time period 2005–2019. Using system generalised method of moments (GMM), the study confirms whether ICT diffusion enhances or distorts the impact of trade on growth. ICT diffusion is measured through a composite index of ICT (mobile, telephone, broadband, internet) constructed using principal component analysis (PCA) along with trade (per cent of GDP), GDP per capita and human development index (HDI) as a proxy for trade openness, economic growth and inclusive growth, respectively. Findings confirm positive impact of ICT diffusion and trade openness on both economic growth and inclusive growth. Thus, trade openness and ICT can be outlined as essential contributors to the growth of the major emerging Asian economies. The study concludes with policy implications focusing on investment in ICT sector and human capital development, which will consequently foster trade and uplift growth.
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    Modelling the nexus between green energy, agricultural production, forest cover, and population growth towards climate change for the transition towards a green economy
    (Springer, 2024-09) Giri, Arun Kumar
    India’s rapid industrialisation and burgeoning population have positioned the nation as a leading global carbon dioxide emitter primarily responsible for climate change. This study delves into various critical factors driving emissions and proposes actionable strategies for a sustainable green economy. This study examines the impact of the energy mix (comprising fossil fuel usage and green energy consumption), forest cover, population, and agricultural production towards carbon emissions (CO2) in India from 1990 to 2019. This study makes use of the autoregressive distributed lagged model and co-integration analysis. The study also uses the Toda and Yamamoto causality test to explore causal relationships among variables. While green energy shows potential for CO2 reduction, further efforts are needed to promote its use. The present study necessitates several urgent and robust policy interventions, including transitioning to clean energy, enforcing afforestation initiatives, managing population growth sustainably, and promoting eco-friendly agricultural practices. These measures are essential for balancing economic growth with environmental sustainability, aligning with India’s commitment to meeting the sustainable development goals.
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    Does renewable energy promote green economic growth in emerging market economies?
    (Emerald, 2024-11) Giri, Arun Kumar
    While sustainable growth extends the use of resources, it is crucial to explore green growth (GG) that ensures growth sustainability through the adoption of renewable energy. Thus, this study is motivated to investigate the influence of renewable energy on GG in 19 emerging countries spanning a decade and a half (2000–2020). This study aims to provide a quantitative examination of how renewable energy contributes to sustainable economic growth.