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IJEFSD
Published by Research Parks Publishing
ISSN : 26154021     EISSN : 26206269     DOI : https://doi.org/10.31149/ijefsd.v7i1
Core Subject : Economy,
Economics, Econometrics & Finance
International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while considering sustainability. IJEFSD welcomes all well-developed papers exploring areas of economics and finance including papers in area of sustainable development. Moreover, the journal accepts research articles based but concerning a topic of interest in the field of sustainability whilep pointing out fields, such as, economics, marketing, business, management, sociology and and other related ones.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 491 Documents
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Coupled Dynamics of Ecological Footprints under Energy Transition, Land Use Change, and Urbanization: An Econometric Systems Analysis Chinchwade, Nihar; Shipon Chandra Barman; Md Arman Hossain; Karmakar, Mitu
International Journal on Economics, Finance and Sustainable Development Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v8i1.5613

Abstract

Background: Ecological footprint changes is determined through measuring the interrelations amongst urban development, land-use transformation, energy transition and GDP growth. An econometric system analysis builds a foundation for modeling these coupling systems and provides insight into the future of these connections. The analysis also highlights ongoing energy transitions influence ecological footprint dynamics alongside urbanization and land use change. Methods: This study used an integrated econometric systems approach to analyze the dynamics of energy footprints (EFs) between 1990-2023. Descriptive statistics provide information about the long-term trends (up), Pearson’s correlations allow for analysis of relationships between variables, while PCA reveals the major determinants of Energy Footprints with relative contributions through weighted coefficients. The Vector Error Correction Model provides insight into both short-term adjustments and long-term equilibrium for Energy Footprints, urbanization, land-use change, land surface temperature, Normalized Difference Vegetation Index, energy transition, and GDP per capita. Results: Findings show that the continued growth of cities and changing land uses are putting significant ecological pressure. The VECM indicates that 41% of annual deviations from the long-term mean (average) are being corrected by the system, demonstrating the long-term relationship between these two systems is stable. Conclusion: To rebalance the demand for growth against the ecological capacities of our planet, integrated land use planning, green infrastructure, and sustainable development policies must be created as a result of combined impacts of urbanization, land-use changes and changes in energy consumption.

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