Impact of Technological Advancements on Environmental Degradation: Evidence from ASEAN

Norashida Othman; Rishan Sampath Hewage; Jaafar Pyeman; Rafiqa Murdipi

doi:10.21834/ebpj.v7i21.3671

Authors

Norashida Othman Department of Economics and Financial Studies, Faculty of Business and Management, Universiti Teknologi MARA (UiTM), Selangor, Malaysia
Rishan Sampath Hewage Department of Accountancy and Finance, Faculty of Management Studies Sabaragamuwa University of Sri Lanka, Belihuloya, Sri Lanka
Jaafar Pyeman Institute of Business Excellence, Universiti Teknologi MARA(UiTM), Selangor, Malaysia
Rafiqa Murdipi Department of Finance, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia

DOI:

https://doi.org/10.21834/ebpj.v7i21.3671

Keywords:

Pooled Mean Group, Technological Advancements, Environmental Degradation, Economic Growth

Abstract

This research investigates the long-run and short-run effects of technological advancements on environmental degradation in ASEAN countries. The research was conducted using Pooled Mean Group (PMG) panel data estimation methodologies, and the data set used in this study includes annual data from 2000 to 2019. Results revealed that the development of technology reduces the environmental degradation of ASEAN countries. Improvements in technology and more money for research and development through domestic savings lead to increased environmental quality in the long run. Therefore, this study concludes that policymakers should increase the investment in technological innovations to reduce environmental degradation.

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