Impact of Ecological Footprints Consumption, Energy Consumption and Human Capital on Economic Growth of Selected Asian Economies

The existing research highlights the significant role of ecological footprint consumption along with other control variables in determining economic growth in selected Asian economies. The authors have utilized panel data from 8 Asian nations from the time span of 2006 to 2018. GDP per capita is used as the dependent variable. By using panel data from concerned Asian nations, variables such as ecological footprint consumption, energy consumption, financial development, and secondary school enrollment are used as independent variables in current research. By using the fixed effect method, it is found that ecological footprint consumption along with energy consumption, financial development, and human capital play a significant and positive role in improving the economic growth of economies. The study findings suggest much financial approach and energy consumption for promoting the growth of nations. Moreover, there is a need for more improved quality of free-of-cost higher education for high living standards and growth.