School of Business
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Publication Embargo Economic and Environmental Drivers of Carbon Emissions in Asia: Granger Causality Insights From Foreign Investment, Inflation, and Ecological Footprint(John Wiley and Sons Ltd, 2026) Nizar, S; Natkunarasa, A; Divyanjali, H; Jayathilaka, RRising carbon emissions cause critical challenges to sustainable development, particularly in Asia which accounts for a substan-tial share of global emissions. The study investigates the short-run causal relationships between foreign direct investment, infla-tion, ecological footprint, and carbon emissions across 27 Asian countries (final analytical sample) over the period 2000–2023.Utilizing country-specific VAR-based Granger causality analysis, the study captures heterogeneous sustainability economic in-teractions without imposing uniform panel assumptions. The results reveal diverse unidirectional and bidirectional causalitypatterns, highlighting how macroeconomic pressures and environmental constraints jointly shape emission outcomes. Thesefindings underscore the importance of sustainable investment, energy price management, and institutional capacity in sup-porting sustainable communities and enhancing knowledge-driven sustainability transitions. From a managerial and policyperspective, the results provide actionable insights aligning with investment decisions, macroeconomic management, and envi-ronmental governance with the sustainable development goals, particularly SDG 13 (climate action), while recognizing country-specific development pathways.Publication Open Access Does e-commerce really matter on international trade of Asian countries: Evidence from panel data(PLoS ONE, 2023-04-24) Shanmugalingam, P; Shanmuganeshan, A; Manorajan, A; Kugathasan, M; Pathirana, G. YOver the decades, technology has become an essential indicator to actively participate in the economic growth of nations. The usage of technology and e-commerce had created a new pathway to improve trade in Asian countries. This study seeks to verify the linkage between e-commerce and international trade. The annual data for panel data regression analysis were collected from the World Bank covering 38 Asian countries for 11 years, from 2010 to 2020. This study applied a set of estimation procedures such as descriptive statistic, correlation matrix, stationary test (Levin–Lin–Chu test, Breitung test, Augmented Dickey Fuller test, Harris–Tzavalis and Im–Pesaran–Shin test), Kao cointegration test, autocorrelation test and heteroskedasticity test. The two-step system Generalized Method of Moments (GMM) estimator was employed for dynamic panel data analysis. Empirical findings show that e-commerce significantly impacts the international trade of Asian countries. Governments of Asian countries should employ policies related to telecommunication technologies for e-commerce improvement and realize/ reap potential benefits from international trade.
