INVESTIGATING THE EFFECT OF TOURISM, FINANCIAL DEVELOPMENT, AND GLOBALIZATION ON ECOLOGICAL FOOTPRINT IN THE CONTEXT OF PAKISTAN

Abstract

The purpose of this study to contribute to the existing literature by investigating at the impact of Globalization, Tourism, and Financial Development on Ecological footprint in the Pakistan over the period from 1995 to 2023. The theoretical and statistical framework has been developed to investigate the results. For this purpose, Time series data has been used and analyzed through E-views software by using Regression technique. Data was collected from authentic sources such as the World Bank, Global Footprint Network, and Globalization index. The Environmental Kuznets curve theory were used to explain the purpose of the study. The results of this study indicate significant and positive relationship exists between Ecological Footprint, Financial Development, Globalization, and Tourism. Policy makers should promote sustainable tourism and financial practices while applying regulations to reduce ecological impact. They should also encourage globalization strategies that support ecological protection.