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The Impact of the Environment, Digital–Social Inclusion, and Institutions on Inclusive Growth: A Conceptual and Empirical Analysis

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posted on 2023-07-11, 00:55 authored by G Ghouse, A Aslam, Ishaq BhattiIshaq Bhatti
Though the literature on inclusive growth is rich, further well-founded studies are required on the issue of sustainable inclusive growth. This paper seeks to summarize the role of environmental degradation in inclusive growth based on carbon dioxide emissions, and its interaction with factors such as social inclusion, digital inclusion, and institutions. One of the findings derived from the generalized method of moments (GMM) model is that sustainable inclusive growth can be achieved in all three income groups from the global data while focusing on institutional quality, digital inclusion, and social inclusion. Simultaneously, the harmful effects of carbon dioxide emissions can be circumscribed. The major recommendations of this study are that efforts to achieve sustainable inclusive growth should combine mutually reinforcing policies, namely: (i) promoting environmentally focused sustainable inclusive growth with socio-digital inclusivity; (ii) ensuring a strong institutional playing field for achieving inclusive growth; and (iii) strengthening macroeconomic policies, which means controlling inflation, and enhancing trade openness and literacy levels.

History

Publication Date

2022-09-27

Journal

Energies

Volume

15

Issue

19

Article Number

7098

Pagination

19p.

Publisher

Multidisciplinary Digital Publishing Institute

ISSN

1996-1073

Rights Statement

© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).

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