AI Summary & Key Takeaways
AI InsightThis finding indicates that there is convergence within these economies to achieve global sustainabilit
📌 3 Key Takeaways
Abstract
In the fast-growing global landscape, environmental degradation has commenced to be recognized as an outcome of industrialization and globalization. Several indicators associated with environmental degradation are studied in the literature. One of these indicators is the ecological footprint. This indicator is considered as an assessment that signifies the biological area utilized to generate the resources necessary for individuals to sustain their existence and to assimilate of waste. Accordingly, acknowledging the significance of current environmental policies, it is shown as an exceptionally comprehensive indicator. In this article, utilizing the 1990-2022 dataset for selected emerging market economies, the existence of ecological convergence was examined through panel unit root tests. This study was found that the ecological footprint in emerging market economies was stable. This finding indicates that there is convergence within these economies to achieve global sustainabilit