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The focus of sustainable development goals (SDGs) is to promote the use of renewable energy so that countries can achieve better environmental quality. However, the progression is plodding, and still, 80% of energy comes mainly from conventional sources in developing countries. The implementation of procedures depends on the political attitudes, political stability, and quality of institutions. India has a diverse political structure ranging from central government to state government to local governments. In the late '80 s, India witnessed a stiff rise in regional and national political parties, which leads more political competition. This paper tries to explain the possible relationship between political competition and CO 2 emission in India. With the application of the time series non-linear ARDL (NARDL) model, this study tries to find the asymmetric relationship between political competition and CO 2 emission. In our empirical model, we also include other important elements of environmental quality like innovation and fossil fuel consumption. Empirical results show that political competition is asymmetrically related to CO 2 emissions in the long run. Fossil fuel consumption and innovation also have a significant relationship with emissions. Based on the results, a few policy recommendations have been discussed., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Population in South Asia is increasing ever than a faster rate, subsequently; food security, climate change, and capital intensive agro farming techniques are the prevailing challenges in this region. This is a tri-country penal analysis, Pakistan, India, and Bangladesh, and the study covers the data throughout (1973-2020). This study has used modern farm input data besides demographic variables in the study. In this study, we use panel data set, ARDL (PMG) approach, autoregressive distributed lag model pooled mean group, which is an extensively dynamic modeling technique for heterogeneous data. The results of the study explore that transition in the demographic pattern in Pakistan, India, and Bangladesh is the real cause of low crop productivity and land intensification. Technology innovation is the only ray of hope to fulfill the food demand of the future ahead and climate agriculture practices can hamper the further deterioration of the small farmlands., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

A key strategy for social development and sustainable urban expansion is building sustainable and affordable transport systems. In this study, we aim to test the validity of the environmental Kuznets curve (EKC) hypothesis and reveal the impact of infrastructure investment in transportation systems in China, Turkey, India, and Japan over the period 1995-2020 on environmental degradation. According to dynamic ordinary least squares (DOLS) method analysis, per capita GDP and per capita GDP 3 have a significant positive impact on per capita CO 2 emission, while per capita GDP 2 has a significant adverse impact on per capita CO 2 emission. These results confirm the validity of the N-shaped EKC assumption, while inconsistent with the results of the FMOLS technique, showing that per capita GDP is significantly positive, while per capita GDP 2 and per capita GDP 3 have a significant negative impact on per capita carbon emissions. Moreover, as clarified by the fully modified ordinary least squares (FMOLS) and DOLS methods, road infrastructure investment (RO), aviation infrastructure investment, trade openness, and foreign direct investment (FDI) have significant positive effects, while railway infrastructure investment (RA) has a significant negative effect on per capita carbon emission. Country-level estimates of per capita carbon emission-based DOLS strategies in the model show that only China and Japan have N-shaped EKC hypothesis. Road infrastructure investment, aviation infrastructure investment, and trade openness have significant positive effects, while railway infrastructure investment has a significant negative effect on per capita CO 2 emission in selected central and east Asian countries. The latest electrified rail systems are well thought out and less polluting, so the contribution of rail infrastructure investment to the transport mix can support sustainable and safe transport systems at city center and intercity levels and reduce environmental pollution in central and east Asian countries. Moreover, the implementation of the basic environmental settings of trade agreements should be strengthened to condense the growing impact of free trade on environmental pollution., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

In recent years, environmental issues have become controversial, and policymakers are discovering new predictors of carbon emissions. Some economists/researchers have advocated for fiscal decentralization to improve the quality of the environment by offering more financial authority to provincial/local and sub-national governments. Therefore, this work aims to inspect the effect of fiscal decentralization on economic growth and environmental quality in India by taking data from 1996 to 2021. This work applies both ARDL and NARDL econometric models for empirical examination. The findings of this study suggest that expenditure decentralization has asymmetric long-term and short-term consequences on economic growth, and carbon emission in India. The result of the asymmetric ARDL model also indicates that positive and negative shock in expenditure decentralization contrarily affects economic growth and carbon emission. Moreover, the positive and negative shock in revenue decentralization helps in reducing carbon emissions both in the long run and short run in India. These outcomes are useful for policy analysis from the Indian economic policy perspective. The study also laid out potential outcomes that may benefit India's local governments and central government in resolving the issues of economic growth and environmental degradation., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Developing nations aim to industrialize and grow sustainably often ignoring the environmental consequences. However, few empirical studies have looked at the influence of industrialization-driven economic transition on carbon footprint in developing nations using a non-parametric approach. In this milieu, on the ground of Kaya's identity and the novel multivariate quantile-on-quantile regression (QQR) (extension of Sim and Zhou's (2015) bivariate QQR model), the present research studies the impact of industrial value-added (IGVA), population, energy intensity, and carbon intensity on CO 2 emissions in India. This study is one of the first in the literature to evaluate the industrialization-carbonization nexus in the context of Kaya's identity for the Indian economy utilizing an innovative multivariate QQR approach, which makes a methodological and empirical addition to the literature. The outcomes of the multivariate QQR technique demonstrate that economic and environmental development requires continual long-run strategies. The empirical findings revealed that there is no authentication that India's carbon emissions increased due to its industrialization, which exhibited that IGVA has a negative and significant connection with CO 2 emissions. In some quantiles, population size positively impacts CO 2 emissions. On the other hand, carbonization in the Indian economy is asymmetrically affected by GDP per capita and energy and carbon intensity. The quantile Granger causality study further supported the aforementioned results. The current analysis also offers policy suggestions for environmentally friendly sustainable economic growth and to achieve the sustainable development goals (SDGs) of India., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Green growth refers to the economic growth strategy, which is less detrimental to natural assets, predominantly the environment. Therefore, the main motive of investment and innovation activities should be to attain economic growth while sustainably utilizing natural assets. In this regard, we aim to explore whether ICT diffusion and financial development matter for attaining green economic growth in BRICS economies. The long-run autoregressive distributed lag (ARDL) results show that internet development exerts a positive influence on green growth in four BRICS economies excluding India. However, the long-run estimates of mobile cellular subscriptions are positive only in Russia and China. On the other side, the increase in bank credit and insurance premium also contributes to the long-run green economic growth in almost all BRICS economies. Policymakers should focus on the increased use of ICT in the economy that would replace the physical resources in the economy with information resources. Besides, financial services should be provided to individuals and small and medium enterprises involved in green consumption and production activities., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The 2030 United Nations Sustainable Development Goal (SDG) 13 agenda hinges on attaining a sustainable environment with the need to "take urgent action to combat climate change and its impacts". Hence, this study empirically revisits the debate on the effect of nonrenewable energy and globalization on carbon emissions within the framework of the Kuznets hypothesis using an unbalanced panel data from seven South Asian countries (Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka) covering 1980-2019. The variables of interest are carbon emissions measured in metric tons per capita, energy use measured as kg of oil equivalent per capita, and globalization index. To address five main objectives, we deploy four techniques: panel-corrected standard errors (PCSE), feasible generalized least squares (FGLS), quantile regression (QR), and fully modified ordinary least squares (FMOLS). For the most part, the findings reveal that the (1) inverted U-shaped energy-Kuznets curve holds; (2) U-shaped globalization-Kuznets curve is evident; (3) inverted U-shaped turning points for nonrenewable energy are 496.03 and 640.84, while for globalization are 38.83 and 39.04, respectively; (4) globalization-emission relationship indicates a U-shaped relationship at the median and 75th quantile; and (5) inverted U-shaped energy-Kuznets holds in Pakistan but a U-shaped nexus prevails in Nepal and Sri Lanka; inverted U-shaped globalization-Kuznets holds in Bangladesh and Sri Lanka, but U-shaped nexus is evident in Bhutan, Maldives, and Nepal. Deductively, our results show that South Asia countries (at early stage of development) are faced with the hazardous substance that deteriorates human health. Moreover, the non-linear square term of the nonrenewable energy-emissions relationship is negative, which validates the inverted U-shaped EKC theory. Overall, the effect of energy and globalization on carbon emissions is opposite while the consistency at the 75th quantile result indicates that countries with intense globalization are prone to environmental degradation., (© 2022. The Author(s).)

This research investigated the association between financial inclusion, energy poverty alleviation, and economic development in South Asian countries and found significant connections. In order to make multilateral conclusions, we have created a panel of data for nations in South Asia and estimated not only the dynamic panel estimation but also the panel unit root, Kao (1999) estimates, and the ARDL tests for each country. A significant association between financial inclusion and economic development and poverty reduction is discovered by using dynamic panel estimates. Economic development has also been shown to have a favorable influence on energy poverty alleviation. According to the findings of the ARDL analysis, financial inclusion has a beneficial influence on economic development. Financial inclusion and economic growth have reciprocal causalities in energy poverty alleviation, as shown by the study's testing of this association. As a result, it is acceptable to infer that financial inclusion favors economic development and poverty reduction in South Asia. The study also suggests the policy implications for stakeholders., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Climate action got attention from the United Nation's Sustainable Development Goals (SDGs). Although a large number of studies are investigating the said phenomenon, however, the literature on the top five responsible countries is unable to evaluate the role of environment-related technologies (ERTs) and institutional quality (IQ). The top five consumption-based carbon dioxide (CBCO 2 ) emitting economies, i.e., China, India, Japan, Russia, and the USA, are considerable stakeholders in this challenge. To fill this void, with the latest data available from 1992 to 2017, short- and long-run relationships are estimated with dynamic common correlated effects estimator and augmented mean group in the framework of EKC hypothesis. Reported results indicate the negative effect of ERTs and IQ towards CBCO 2 , which means that adoption of ERTs and better IQ is supportive in controlling environmental degradation. Findings are also robust to the policy implications for the UN's SDGs., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The main objective of this paper is to look at how environmental degradation in the form of climate change and air pollution affect international tourism for five countries such as Brazil, Russia, India, China, and South Africa (BRICS) over the years 1990-2019. Other independent variables include information and communication technology (ICT) and democracy. We also look at the role of environmental regulation to see the validity of porter hypothesis in the tourism sector. To achieve this objective, we apply a novel method of moments quantile regression approach as well as a robust causality technique. The result shows that at lower and medium quantile, CO 2 emission has positive impact on tourism while at higher quantile, CO 2 emission has negative but insignificant effect on tourism in BRICS countries. The result for PM2.5 is uniform across all the quantiles, showing the negative effect on tourism. ICT and human capital positively affect the tourism while democracy has negative impact on the tourism sector of the BRICS nations. The result also validated the Porter hypothesis for tourism sector. We conclude that tourism industry stakeholders and the environmental policymakers must work together to integrate tourism policies with BRICS countries' environmental conservation policies as part of the transition to sustainable tourism industry., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

This working paper from the annual conference of the Indian Adult Education Association briefly describes the current state of adult education in India and outlines important steps that should be taken to make adult education an integral part of national development. (SK)

It is need of the hour to investigate the impacts of climate parameters on agricultural production in a developing region of South Asia. Therefore, this work attempts to explore the climatic indicators on agricultural production for selected South Asian countries over the annual data of 1961-2016. This study estimates the impacts of rainfall, temperature, rural population, land under cereal production, and CO 2 emissions (ECO 2 ) on agricultural production. For empirical analysis, we applied second-generation unit root tests. After examining the order of integration of time series, we check for the co-integration among the variables. Before the co-integration test, we check for cross-section dependence among the variables. CD and LM tests confirm the existence of cross-section dependence. Afterward, we apply the Westerlund co-integration test to confirm the strong association among the variables. Further, we applied two methods for long-run coefficients of independent variables. Dynamic ordinary least square (DOLS) and fully modified ordinary least square (FMOLS) tests were applied to cross-check the findings. Our findings show that rural population and rainfall are negatively associated with agricultural production. Moreover, temperature, land area under cereal production, and ECO 2 are positively associated with agricultural production. Our findings shed light on some important policy implications for South Asian countries., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Higher education is the refinement of teaching--learning and research acumen. It is the epitome of a learning system before entering the job market or venturing into new start-ups. Various studies indicate that the growth of an economy is positively associated with development in the higher education ecosystem. The state-run institutions have their inherent stereotypical challenges for propelling the essence of excellence. Barring a few, the mushrooming of private institutions has diluted its holistic objectives at par with the national standards. The quality outcome of higher education research brings momentum to all the development vectors across society, nation and the global community. Higher Education Institutions (HEIs) in developing countries have failed to secure top positions in various global rankings, causing concern for all stakeholders. This paper attempts to develop a comprehensive strategic model best suited to developing nations like India that can transform the higher education ecosystem par excellence to the apex institutions across the globe. The paper strongly suggests establishing a unitary institution that would pool the best talents from the existing HEIs through a stringent and unbiased scoring instrument that would augment the quality of life, resurgence of the economy, superior Human Development Index and sustainable development.

Environmental sustainability concerns are growing worldwide. Many recent studies have focused on key indicators of CO2 emissions, but less consideration has been given to human capital. This study examines the impact of human capital on CO2 emissions in Brazil, Russia, India, China, and South Africa (BRICS) economies from 1991 to 2019 using a nonlinear panel autoregressive distributed lag approach. Findings show that positive change in education has reduced CO2 emissions, while a negative change in education has increased CO2 emissions in the long run in a group of BRICS. Regarding economy-wise analysis, a positive change in education reduces CO2 emissions in Russia, China, and South Africa in the long run, but a negative change in education has an increasing impact on CO2 emissions in Brazil and China. The results of robustness are also maintained in group and economy-wise empirical analysis. Policymakers should develop the education sector infrastructure in order to support the decrease of CO2 emissions., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

This study investigates the effect of financial development and economic growth on ecological footprint by including non-renewable energy consumption and trade openness as additional determinants. For this purpose, annual data of 10 countries with the highest ecological footprint (China, the USA, India, Japan, Brazil, Indonesia, Mexico, Korea, Turkey, and the UK) for the period 1992-2017 is used. The Westerlund and Edgerton (2007) Panel LM bootstrap test results reveal that there is cointegration between the variables. Additionally, the results obtained from the Common Correlated Effects (CCE) coefficient estimator show that financial development, economic growth, and non-renewable energy consumption negatively affect environmental quality by increasing ecological footprint. On other hand, the effect of trade openness on ecological footprint is found to be statistically insignificant. In addition, according to the panel causality test results, a unidirectional causality from financial development to ecological footprint is found while bidirectional causality between economic growth and ecological footprint exists. Therefore, it would be beneficial for policymakers in such countries to direct financial resources to green energy production and consumption and to encourage projects and practices., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

In recent years, South Asian economies have observed rapid urbanization along with expanding informal economy that poses a serious threat to environmental quality. This study examines the impact of urbanization and informal economy on the ecological footprint of selected South Asian countries. Results indicate that urbanization and informal economy increase the environmental degradation in South Asia and the estimates are statistically significant in the long run. In the short run, urbanization positively affects the ecological footprint in Bangladesh, Pakistan, Sri Lanka, and Nepal except India, while the informal economy also enhances environmental degradation for all the selected countries except Bangladesh. Most surprisingly, the interaction term of urbanization and informal economy has a negative impact on ecological footprint, and the coefficient is statistically significant as well. To combat the environmental issues in South Asia, detailed policy recommendations have been suggested at the end., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries to promote the green economy and environment. This study also finds causal association between energy growth and nexus of CO 2 emissions and employed the premises of the EKC framework. The study used annual time series analysis, starting from 1985 to 2019. The data set has been collected from the World Development Indicator (WDI). The result of a fully modified ordinary least square (FMOLS) method describes a significantly worse quality environment in the South Asian region. The individual country as Bangladesh shows a positively significant impact on the CO 2 emissions and destroys the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth levels (GDP) and square of GDP confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

With rapid economic growth, BRICS is facing enormous burdens of carbon emission and severe issues of income inequality. However, behind this economic success, the BRICS economies also face few thoughtful challenges to improve environmental quality by catching up the sustainable development goals. Consequently, the existing empirical research is concerned with the dynamic links between income inequality and CO 2 emissions by using the novel nonlinear ARDL approach, but small attention has been paid to the BRICS in literature. Therefore, we observed that a negative and positive change in income inequality has positive effect on CO 2 emissions in Russia and South Africa in the long run, although a positive change in income inequality has positive effects on CO 2 emissions in Brazil, Russia, and China, while a negative change in income inequality has negative effect on CO 2 emissions in India, Brazil, and Russia in the short run. Hence, the findings value specific attention from policymakers in BRICS economies., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Among the environmental economics research issues, the issue of convergence has received quite a lot of attention, which is also known as stationary analysis. In this research strand, whether shocks to the time series variable are permanent or temporary is tested via the unit root tests. In this study, based on the theory and empirical works of stochastic convergence, we evaluate the convergence for the BASIC member countries, including Brazil, South Africa, India, and China. We use a variety of methodologies to see whether the convergence of ecological footprint holds for these countries or not. We first use the wavelet decomposition technique to decompose the series into the short run, middle run, and long run, and then we run several unit root tests to confirm the stationarity property of the series. The methodologies implemented in this study allow us to apply econometric tests to the original series as well as to the decomposed series. The results of panel CIPS test demonstrate that the null hypothesis of unit root could be rejected for the short run but not for the middle and long run, implying that long-lasting impact might prevail due to any shocks to the ecological footprint in the middle and long run. The results for individual countries varied., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The current study is designed to analyze the relationship between, environmental innovations, globalization, financial development, and CO 2 emissions in the South Asian region over the period of 1996 to 2019. In this regard, the role of governance is also incorporated as a moderator along with Environmental Kuznets Curve (EKC) hypothesis. The sample size includes Bangladesh, India, Pakistan, Nepal, and Sri Lanka. The results of the robust least square show the validity of EKC in the sample countries. Environmental innovations show desirable results on CO 2 emissions, while globalization, financial development, and governance are increasing environmental degradation. The role of governance as a moderator is only effective and favorable with environmental innovation. However, in the case of globalization and financial development, governance appeared to be ineffective in lessening the rate of emissions; rather, it contributes to emissions. It clearly shows the missing link in formulating coherent policy to achieve sustainability targets. Therefore, it is desirable to improve the role of governance with respect to environmental policies not only to handle directly environmental issues but also indirectly while promoting the process of globalization and financial development., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

A key factor in social development and sustainable urban expansion is the establishment of sustainable and affordable transport systems. This study aims to investigate the impact of transport infrastructure investment on environmental degradation and economic growth and to test the validity of the EKC hypothesis in China, India, Russia, and Japan over the period 1995-2020. The results show that GDP has a significant positive effect, and GDP 2 and GDP 3 have significant adverse effects on environmental degradation, respectively. These results confirm the validity of the inverted U-shaped EKC hypothesis in selected emerging Asian economies. Rail infrastructure investment has significant adverse effects, while road infrastructure investment and aviation infrastructure investment have significant positive effects on environmental degradation. Likewise, the impact of investment in transport infrastructure system (roads, rail, and aviation) on economic growth is positive and statistically significant. Country-level estimates confirm the validity of the inverted U-shaped EKC hypothesis in China, India, and Russia, while the N-shaped EKC is only valid in Japan. Investments in rail infrastructure based on modern rail systems that run on electricity are believed to be less polluting in the transport mix, help create sustainable and safe transport systems, and reduce emissions at the urban and intercity levels in emerging Asian countries. In addition, the growing impact of free trade on environmental pollution should be strengthened to harmonize the strict enforcement of environmental conditions dominated by trade agreements., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Since developing countries experience economic and environmental sustainability challenges, it is desirable digging into the linkages between economic and environmental parameters. The purpose of this work is to evaluate the existence of the environmental Kuznets curve (EKC) theory (i.e., the inverse U-shape connection between real GDP per capita and per capita carbon dioxide emissions) in the sample of 11 developing countries. By using balanced annual panel data in the period between 1992 and 2014 and two alternative estimation techniques, we explored the potential inverted U-shaped linkage between carbon dioxide emissions and real GDP per capita in the sample of interest. For analysis purposes, Pedroni and Westerlund co-integration techniques are employed. Then, fully modified ordinary least squares, pooled mean group methods are applied for long-run parameter estimations. And, the Dumitrescu-Hurlin causality approach is employed for causal directions. Firstly, this work's findings provide the supportive evidence to the inverse U-shaped linkage in the long-run, indicating that an increase in real GDP per capita and electricity consumption tends to mitigate long-run carbon dioxide emissions in the developing countries, for the whole sample. Secondly, the country-specific findings suggested the presence of EKC theory for Brazil, China, India, Malaysia, the Russian Federation, Thailand, and Turkey. It implicated that these countries are on the path of attaining environmental sustainability in the long-run. However, Mexico, Philippines, Indonesia, and South Africa failed to lend credence to the EKC theory. It manifested that these countries need to design strategies directed to reduce carbon dioxide emissions from economic activity and electricity generation through efficiency improvement or promotion of renewables. Finally, bidirectional causal links are observed among all the variables of interest. The findings suggest that country-specific targeted action plans should be implemented to ensure the environmental sustainability in the developing world.

This study explores the relationship between remittances received, education expenditure, energy use, income, poverty, and economic growth for a panel of the nine selected remittance-receiving countries (Bangladesh, China, Egypt, India, Indonesia, Mexico, Nigeria, Pakistan, and Philippines). World Development Indicator database is used for retrieving data from the period of 1990 to 2014. Panel cointegration technique is used to test the long-run relationship among studied variables. Furthermore, the autoregressive distributive lag (ARDL) model is applied to confirm the presence of a long-run and short-run relationship. The findings of the ARDL model indicate that remittances received positively influence economic growth, and there is a significant relationship between remittances received and economic growth during the long-run. Education expenditure, energy use, and income also positively and significantly impact economic growth during the long-run. In contrast, final household consumption used in this study as a proxy of poverty showed a significant negative effect on economic growth during the long-run, which indicates that increasing poverty will reduce economic growth; on the other hand, reducing poverty will boost economic growth in the selected countries during the long-run.

To examine the asymmetric effects of militarization on economic growth and environmental degradation, this empirical research analyzes annual data of Pakistan and India over the period 1985-2018 using the NARDL econometric model. The empirical results show significant positive militarization effects on economic growth, while non-militarization also shows positive effects on the economic growth in Pakistan and India. Estimation showed that a 1% increase in militarization (non-militarization) led to 8.818% (3.849%) increase in GDP growth, whereas a 1% increase in militarization (non-militarization) decreased carbon emissions by - 1.034% (- 0.225%) in the long run in Pakistan, while militarization has also decreased the carbon emissions - 0.337% in India in the long run. The relationship between militarization and economic growth has an asymmetry in Pakistan and India in the short and long run, while asymmetry also exists between militarization and CO 2 in Pakistan and India in the short and long run. Our findings offer significant policy implications for promoting economic growth and environmental quality in Pakistan and India.

The nexus of remittances and CO2 emission is very important and gathers a significant place in empirical research. This paper tries to find out the asymmetric relationship between carbon emissions, remittances, and financial development in India for the period 1980-2014. Based on the theoretical linkages, we develop a nonlinear ARDL model with the use of time series data in this study. The results of the NARDL bound test suggest that there is long-run cointegration among the variables. The findings show that positive shock in remittances causes an increase in CO2 emissions, where negative shock reduces it. The coefficient for financial development is positive but becomes statistically insignificant. Empirical results also support the existence of asymmetric long-run relationship among the variables. Based on the findings, the paper recommends the proper channelization of remittances and financial development towards environment-friendly energy sources and projects without compromising economic growth.

In 2015, the United Nations member states adopted the 2030 Sustainable Development Goals (SDGs). Education, which is the fourth Sustainable Development Goal, has seen some major transformations with the advent of digital technologies. Education is increasingly being imparted through these digital technologies. However, this change resulting from the use of Information and Communication Technologies (ICTs) is often reported without in-depth analysis especially in emerging knowledge economies. This paper overcomes that barrier by exploring the motivating factors and de-motivating factors; as well as potential facilitators of online education. The paper also attempts to understand the enrolment, preference and awareness related to online education of the respondents with respect to country, gender, age, employment status and educational qualification, while presenting a comparative analysis of two emerging knowledge economies: India and Uganda. In the first phase, in order to explore motivating, de-motivating factors, and potential facilitators of online education, in-depth interviews were conducted with 51 learners. Data thus collected was checked for content validity through an extensive literature review. In the second phase, a questionnaire was administered to 252 respondents from both countries, drawn from a population of participants pursuing or having an intention to pursue online education. It explored any potential differences in enrolment, awareness, and preference for online-education on the basis of country, gender, age, employment status and existing educational qualification, in order to get better insights for further facilitation and improvement of online-education in emerging economies. To establish statistical validity, Mann-Whitney U-Tests and Kruskal-Wallis Tests were conducted. Based on this primary and secondary data, the paper concludes with some suggestions and recommendations on how to overcome barriers and factors which de-motivate learners from pursuing online education in order to achieve the desired Sustainable Development Goals.

India desperately needs good governance in colleges and universities so as to create a culture of innovation, and entrepreneurship so as to become and remain competitive in world market. Poor governance and poor leadership is observed to be the root cause for all ills in university education. Indian students and professors are brilliant but unfortunately they have to work today under poor governance. Governance and leadership both at central and state levels are mainly responsible for poor educational standards. It seems like all the governing bodies, namely MHRD, UGC, AICTE, Board of Governors (BOG), executive councils, are not well familiar with the global winds of change. Truly, they are behind time. No wonder, Indian universities in spite of brilliant students and brilliant professors do not stand high in the world list. Thousands of students every year are flying abroad for education. To rectify the ills and to ensure educational quality; India urgently needs to go first on priority for modernising governance systems, make them effective, imaginative and competent. They ought to engage fruitfully with the Vice Chancellors, Principals and especially listen to the voice of students. In globalization, education can best be shaped by adopting role models of only world best universities. National budget allocation to university education which creates vital human capital, which is a driving force for national development, is unfortunately observed to be dwindling. This is a major problem, and a challenge too. So as to build colleges and universities innovative, creative, and qualitative by world standards some suggestions are made in this paper. Strong leadership, distributed leadership and autonomy at the institution level is recommended. What kind of impact a professor makes on society and the profession of his/her specialization is of vital importance to take the nation to greater heights. Are professors competent by global standards? How can they be? Do the systems enable them to be so? Importance of education is outlined by Nobel Laurate Dr. Amartya Sen needs to be borne in mind. He says there is no better way for economic development of India than to educate people well. If India does not provide better education, and instead even if it implements reforms in all other sectors like food, water, electricity, etc. that is not going to matter much.

Over the period 1980-2016, this study looks into the causal relations between carbon dioxide (CO 2 ) emissions, energy consumption (EC), foreign direct investment (FDI), and gross domestic product (GDP) in five South Asian countries (Bangladesh, India, Nepal, Pakistan, and Sri Lanka). To achieve the research objectives, panel unit root tests, panel co-integration, autoregressive distributed lag model, and Granger causality tests are used. In the long run, GDP has a positive impact on CO 2 emissions, while squared GDP has a negative impact, confirming the framework of the environmental Kuznets curve (EKC) in Pakistan and Sri Lanka. However, in the short run along with these two countries, Bangladesh also confirms the EKC hypothesis. Among these five countries, Bangladesh and Nepal support the pollution haven hypothesis, but India, Pakistan, and Sri Lanka support the FDI halo hypothesis. The EC has a large positive impact on CO 2 emissions across five countries. In the long run, the Granger causality test confirms one-way causation from EC to CO 2 emissions and bidirectional causality of FDI and CO 2 . These countries might encourage clean energy technology through FDI without jeopardizing GDP and environmental quality. The findings of the study provide a guideline for these countries to reduce CO 2 emissions, achieve a long-term green GDP, and combat global warming., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

We examine the linkages of economic freedom (ECF), energy use, and CO 2 emissions in selected South Asian countries of Pakistan, India, Bangladesh, and Sri Lanka. Annual data from 1995 to 2018 are analyzed by employing second-generation methodologies. Cross-sectional autoregressive distributed lag (CS-ARDL) is used because this method incorporates the cross-sectional dependence among the data. This work uses three models, where the dependent variables are gross domestic product (GDP), CO 2 emissions, and energy use. The findings reveal that ECF and energy use contributes to more economic development. ECF is improving air quality by lowering CO 2 emissions. The findings suggest that these countries need to increase the percentage of renewable energy in their energy generation mix. At the same time, there is a need to integrate ECF with environmental awareness programs. This will not only increase air quality but also increase economic growth. GDP is found to be dependent on energy use; however, increased energy use from non-renewable also contaminates the environment. Therefore, South Asian countries need to invest more in research and development projects to promote renewable energy., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

China and India are the largest coal consumers and the most populated countries in the world. With industrial and population growth, the need for energy has increased, which has inevitably led to an increase in carbon dioxide (CO 2 ) emissions because both countries depend on fossil fuel consumption. This paper investigates the impact of energy consumption, financial development (FD), gross domestic product (GDP), population, and renewable energy on CO 2 emissions. The study applies the long short-term memory (LSTM) method, a novel machine learning (ML) approach, to examine which influencing driver has the greatest and smallest impact on CO 2 emissions; correspondingly, this study builds a model for CO 2 emission reduction. Data collected between 1990 and 2014 were analyzed, and the results indicated that energy consumption had the greatest effect and renewable energy had the smallest impact on CO 2 emissions in both countries. Subsequently, we increased the renewable energy coefficient by one and decreased the energy consumption coefficient by one while keeping all other factors constant, and the results predicted with the LSTM model confirmed the significant reduction in CO 2 emissions. Finally, this study forecasted a CO 2 emission trend, with a slowdown predicted in China by 2022; however, CO 2 emission's reduction is not possible in India until 2023. These results suggest that shifting from nonrenewable to renewable sources and lowering coal consumption can reduce CO 2 emissions without harming economic development., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

In recent literature, scholars discussed the role of export diversification in environmental quality. However, most studies analyzed the role of export diversification in influencing carbon dioxide emissions with mixed results. However, since carbon dioxide emissions specifically capture the environmental effects of energy utilization, a change in the level of carbon dioxide emissions cannot be regarded as a comprehensive measure of environmental deterioration. Also, many previous studies use the original form of the Theil index to measure export diversification, and during the interpretation of the results, they disregard the fact that the lower value of the Theil index indicates higher diversification and vice versa. In this context, to address these gaps in the literature, a study on the contribution of export diversification in ecological footprint is necessary to understand the ecological impacts of export diversification. Therefore, this study analyzes the contribution of export diversification in ecological footprint covering the period between 1965 and 2017 using the STIRPAT model in the context of India which is required to fulfill the demands for resources of over 1.3 billion people. The study relied on the environmental Kuznets curve hypothesis framework to understand the role of export diversification in ensuring environmental sustainability. Using the newly developed Augmented ARDL test, the study established that variables of interest are cointegrated. In the long-run estimation, export diversification reduces the ecological footprint of India and helps establish the inverted-U-shaped nexus between ecological footprint and economic growth. Thus, the environmental Kuznets curve hypothesis was evidenced to hold for India. This important finding divulges that India can control the level of environmental footprints, and therefore decrease environmental degradation by continuously increasing export product diversification. Also, India is on the right path to achieve a reduction in ecological footprint associated with more development when accounting for export diversification in the model. Moreover, energy intensity boosts environmental deterioration, while population density reduces it. Finally, the study discusses strategies to achieve environmental sustainability through increasing export diversification., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The objective of this study is to contribute to the existing debate of green economic growth by empirically investigating the role of cleaner energy production, green innovation, and green trade in green economic growth in the context of South Asian countries. For this purpose, the study collects the data of South Asian Economies for 2000-2018 from different sources such as world development indicators (WDI), International Energy Statistics (IES), and Organization for Economic Co-operation and Development (OECD) statistics. The study applied Pesaran's (2007) second-generation unit root test to test the stationarity of the data. Wasteland's (2007) test of cointegration was applied to examine the long-run association among modeled variables. The study confirmed the long-run association among modeled variables that turn to be stationary at the first differences. Moreover, the study applied fully modified least square (FMOLS) and dynamic least square (DOLS) to estimate the empirical results of the study. Results of the study show that the production of clean energy, green innovation, and green trade positively contributes to the green economic growth of South Asian Economies Graphical abstract., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

This paper looks into the key aspects of the shift in the instruction of logistics as a discipline from traditional to environmentally responsible practices. The authors examine the experience of the development of scientific-educational systems in the world's more advanced societies (the European Union and North America), as well as in the BRICS countries. The paper proposes specific ways to reform the model for professional and career-broadening education by reference to the amassed global experience. The authors draw the following major conclusions: (1) both today's scientific and business communities are oriented toward the shift to environmentally responsible development, which presupposes gradually renouncing the use of hydrocarbon energy resources, embracing the use of renewable technology and recycling, and ensuring social stability; (2) we are witnessing a change in the tenor of not only the strategic concept of the development of particular scientific and business areas but of the functional one as well. Thus, for instance, the domain of logistics services is currently being enriched with the concept of "green logistics", which implies a need for relevant human resources specializing in the field. Many leading nations have already started transforming their education models, as a whole, and their methods for the instruction of logistics as a discipline, in particular, in specific alignment with the principles of environmental responsibility; (3) the education systems of certain world powers, including the Russian model for education, have not yet been fully adapted for shifting to "green logistics", one of today's latest scientific paradigms. Among the major reasons behind this delay is the failure to properly reform the scientific-educational sector, as well as the state's excessive, and rarely effective, participation in the development of this area. To help remediate this situation, the authors propose a set of recommendations aimed at helping to put together a new model for professional and career-broadening training in keeping with the latest scientific concepts and the needs of the labor market.

India and China are two fast growing economies of the world and need large skill based manpower to sustain the economic growth. The existing formal higher educational system in these countries will not be able to meet the demand of the economy. The paper will try (i) to compare the development of economy and distance education in India and China with reference to policy perspectives; (ii) to examine the course design, development and delivery of distance education programmes in national open universities of India and China i.e. Indira Gandhi National Open University of India (IGNOU) and Open University of China (OUC); (iii) to analyze the trend of enrollment in IGNOU and OUC; and (iv) to compare the recognition /accreditation and quality control process of distance learning in both these countries. The paper highlights the policy strategies of two countries towards quality control mechanism as par with conventional system.

Environmental pollution caused by carbon emissions is an emerging issue to study among researchers. The nexus between environmental pollution and carbon emissions has motivated researchers to evaluate the impact of cleaner energy on carbon emissions. This study further contributes to the research by examining the above relationship by studying the asymmetric influence of nuclear energy (NE), industrial productivity (IP), and economic growth rate (GDP) on carbon emissions (CO 2 ) in India from 1975 to 2018 using the asymmetric autoregressive distribution lag approach. The results of the bound test and the Wald test show that in the long run, there is an asymmetric relationship between CO 2 , NE, GDP, and IP, and in the short run, there is a symmetric relationship between CO 2 , GDP, and IP. The result implies that increased usage of nuclear energy over fossil fuels and improvement in industrial productivity, in the long run, reduces CO 2 emission in India. Furthermore, the study concludes that the government should consider the asymmetric relationship between the variables and devise appropriate policies to increased nuclear energy and industrial productivity in India for environmental sustainability., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

South Asian economies has witnessed very slow growth over the years and the gap has widened manifold between other nations of Asia particularly East Asian nations and South Asian nations. This paper examines co-integration between the economic growth and reach of higher education in South Asian nations explaining this disparity. The research employed an econometric panel co-integration investigation to analyse the long run relationship of higher education and economic growth among these nations. The research confirmed positive long run causality between the economic growth of the South Asian nations and gross enrolment ratio of higher education. So, if the South Asian nations continue with their existing pattern of paying less attention to higher education by allocating low share of investment on it, poor human capital formation would result in growing further economic disparity between developed and South Asian nations where rich nations would remain richer and poor nations would remain poor with the gap remaining unabridged. This research will serve as an aid to policy makers, educators and financers of South Asian nations to bridge the gap between high- and low-income nations. The focus on the quantum of spending on higher education by the government will help improve the reach of tertiary education and build economic prosperity in these nations.

The concept of Southern Theory is a response to Northern sociological theory, which is considered to be incomplete because it does not consider global dynamics, which would include the life-experiences of people of the South and the impact of socio-cultural changes brought about by colonialism and globalization. Raewyn Connell introduced the term Southern Theory to emphasize the intellectual power and political relevance of social thought emanating from formerly colonized countries. The term Southern Theory can be confusing, overarching theories that incorporate new ideas that would represent the experiences of unequal development are imperative in a globalized world. The ideas of non-violence and moral togetherness that Gandhi represented are discussed in this paper along with his education experiments and theories. Being radical, his educational ideas were not accepted in India after independence because the country needed to "catch-up" with the development of industrialized countries after centuries of colonial subjugation. But his profoundly different ideas of achieving social/political change through non-violence, and his ideas on education for working towards a social order free from exploitation and violence, represented local needs and a new way of looking at society and education.

This study examines links between Morgan and Stanley capital Investment (MSCI), foreign direct investment (FDI), renewable energy, urbanization, and trade openness on environmental degradation in (Brazil, Russia, India, China, South Africa) BRICS countries. In this study, generalized method of moment (GMM) estimation is applied on a data set ranging from 1993 to 2018. Results illustrate that stock market index price (MSCI) has negative relationship on CO 2 emissions in India, China, Russia, and South Africa and has positive relationship in Brazil. One possible reason for this is strong environmental regulations and their enforcement by Brazilian government. The study also finds that trade openness, FDI, and urbanization have a significant positive relationship on environmental degradation. The impact of stock market development on environmental degradation varies among BRICS countries. Our outcomes have significant policy implications. For example, the policy makers have to initiate effective strategies to promote the renewable energy sources to meet the increasing demand for energy by replacing the use of conventional energy such as coal, gas, and oil. This will help to reduce the CO 2 emissions from fossil fuel and ensure sustainable stock market development in the BRICS nations. BRICS countries who have taken the initiative and formulated policies for businesses to conserve the environment play a positive role compared to those who do not.

Purpose: The study aims to explore the extent to which human resources development quantifies the economic growth of BRICS countries under the globalization era by controlling country differences. Design/methodology/approach: The study used the Generalized Method of Moments (GMM) and Scheffe pairwise comparison tests to quantify the impact of the variables and the level of difference among the BRICS countries onto human Resources development. Findings: The study observes that the impact of human resources development on economic growth of BRICS counties is significant but limited to few countries. The study reveals that countries such as India and South Africa are unable to utilize their human resources efficiently to promote economic growth, as compared with Russia, China and Brazil. The study further argues that there is urgent need of amalgam of various economic development theories keeping in mind the regional needs to extract the positive impact from human resource on economic development. Research limitations/implications: The single limitation of this research is that it was not possible to compare the results with other developing countries to unleash the capabilities of human resources development with regard to economic growth at the universal level. Originality/value: To the best of the authors' knowledge, this paper is the first of its kind to analyze human resources development at a much deeper level. The paper has chosen variables which are important from the policy perspective of government rather than the working perspective, which is a great contribution. Further, for human index the variables chose covering major aspects of human development from spending perspective.

Climate change resulting from the higher concentration of greenhouse gases in the atmosphere is a threat to the sustainability of life on earth. To ensure sustainable development, the study analyzed the impact of financial development, globalization, and energy use on the environmental quality of South Asian economies over the period 1990-2014. To account for cross-sectional dependence, Breusch-Pagan-Lagrange multiplier, Pesaran-scaled Lagrange multiplier, bias-corrected-scaled Lagrange multiplier, and Pesaran cross-sectional dependence tests are used. The second-generation tests are used to determine the stationarity level of the variables. Furthermore, the Westerlund panel cointegration test confirms cointegration among the variables. For long-run association, fully modified ordinary least squares, dynamic ordinary least squares, and pooled mean group estimators are used. The results suggest that financial development contributes to carbon emissions, whereas globalization has the potential to control emissions. The study also used Dumitrescu and Hurlin's (2012) panel causality test to explore the causal relationship among the variables. Unidirectional causality is observed from economic growth, globalization, and financial development to environmental degradation and from emissions to energy use, respectively. As financial development deteriorates environmental quality, therefore, the government should monitor the disbursement of loans for research and development, green financing, and efficient production that reduce resource consumption and improves environmental quality. Financial development should not compromise environmental quality and endanger sustainability. Furthermore, South Asian countries should promote globalization to support the inflow of green technologies to enhance environmental quality.

The growth stimulating effect of energy has been long established in economic literature. Consequently, researchers and policy makers are trying to identify socio-economic determinants of energy consumption in both developed and developing countries to conserve energy. In the present study, we attempt to examine the non-linear and asymmetric effect of human capital and income disparity on energy demand in India over the period 1970-2014. The findings propose long-run co-integrating relationship between human capital, income inequality, and energy demand in the presence of asymmetric framework. It is found that increased level of human capital results in energy conservation as it decreases the energy demand, and higher income gap also results in lower energy demand as poor section may have restricted access to energy sources. Finally, the asymmetric causality test results reveal that only positive shock in income inequality tends to cause energy demand. From policy stand point, it can be recommended that government policies should be designed and implemented towards improvements in human capital to achieve sustainable economic growth in India since human capital found to be a significant component in energy conservation.

Field of education is associated with herculean task and innate responsibility of escorting societies forward. Across space and time, it has been an unambiguous synthesis that education should precede any progress or change. It helps humans to understand themselves and better their interaction with rest of the society. Hence the field of education and dissemination of knowledge is very much a pivotal entity in the evolution of human civilisation. No country in the globe over centuries could afford to flourish on the paths of growth and development while ignoring the crucial role of education. Country like India where in there has been a perpetual struggle over the decades to overcome perils of colonisation and social stigmatisation reflective in terms of poverty, unemployment and illiteracy. In order to overcome these bottlenecks 'knowledge dissemination' must spearhead the change. Apart from other funding inadequacies, infrastructural lacunae, education sector in India has also been grappling with certain innate contradicting and counterproductive structures. Hence in this paper we have made an effort to address and assess the nature and impact of these dichotomies over the field of Education in India.

The primary purpose of this paper is to review and evaluate the causes of educational poverty in less developed countries. The basic intent in carrying out such a study is to define and derive the role of governing agencies in deliberately creating educational poverty in the country, so that the private interest of the rich and powerful ruling class can be fully safeguarded. This study is of crucial interest to the common man because majority of the people living in less developed countries are poor in spite of the fact, that almost all these countries own ample human and material resources. However, the common man in these countries is continuously suffering, generation after generation, and has been denied access to basic amenities of life. The rich and powerful ruling class, in majority of the less developed countries, has intentionally denied basic education facilities to its people for keeping them ignorant and unaware of their fundamental rights to share national resources and to gain competence for comfortable living in the society. The paper advocates a complete reversal in economic growth policies of the less developed countries so that top priority is given to those projects and programs that directly benefit the common man in the society. In this respect, the author calls for awareness among the people to exercise their economic and social rights so that people of all the strata can share equally the fruits of growth and prosperity.

Which government does not want to generate hi-tech employment, high pay international jobs, spur industrial growth, and make education globally competitive? Then it must install research parks, incubators, Patent & IPR to facilitate commercial exploitation of sunrise technologies. Industries world over are seen flocking round the advanced knowledge centers to obtain brand new ideas for global competitiveness. Role of higher education has emerged central to industrial and economic development. Association with industry, venture capital firms, international agencies who succeeded in this cause is essential. The paper prescribes "dream big" for universities and colleges. They should aim at technology generation, technology diffusion, which is achieving high significance in enabling a nation to win. The paper emphasizes adoption of new organizational inventions like Research Park, which when implemented will contribute to India's international competitiveness. The institutions should have now to look beyond the traditional lines of teaching and learning and adapt to corporate development, and help industry to win. They should have to restructure themselves to become fountain heads of new knowledge and new technology. They should deserve the status of "Light House" for industry. People demand world class education. How can this be done? Synergy between industry and academics in this cause is vital. Parks have enhanced the scholarship of universities. They jointly can give economic and political stability to India. Will industry-institute interaction become a national priority? The paper recommends reforms in the light of experience elsewhere in the world.

How much is hegemony and how much is self-determination in the higher education systems in Southeast Asia? This paper argues that while the question of centre and periphery is still relevant to the analysis of international university systems, the analytical frameworks from which it has arisen may lose viability in the long term. Southeast Asian states are making use of higher education to act in ways that will contribute to the altering of their peripheral position in the global economic and political system. While changes in Southeast Asian higher education are closely tied to global markets and follow what sometimes appears to be a dependent pattern of adaptations driven by Western developed economies, the paper argues that there is also a significant amount of resistance. As Southeast Asian countries adapt in ways that help embed economic globalisation within their national landscape, the manner in which the adaptation occurs is more selective, open, and democratic than before. Moreover, while global communication with core (centre) university systems has been more open and transparent, the system is closed to direct intervention from the outside, making hegemony a less plausible explanation for the manner in which the system is reacting within the new global environment of financial interdependency.

The paper critically dissects the contemporary policy landscape and its ability to counter precarious work for construction workers in the Indian context. By focusing on the governance challenges faced by welfare institutions and the pre-existing fault lines exposed by the pandemic, the paper argues that social policies are languishing and inefficient to respond to the challenges of growing precarity. The paper uses Breman's conception of 'Footloose labour' to understand informality related to construction workers and Gilbert and Terrell's social policy analytical framework to understand the institutional response. The two major arguments that make the social policy languish are the inability of the policy to alter neoliberal employment relationships and the operational challenges that institutions face in implementing welfare schemes for many footloose labourers. Moreover, the situation is further exacerbated by inherent contradictions of the state which is entangled between promoting economic growth through neoliberal policies while consecutively ensuring labour welfare. If the Institutional challenges persist along with the persuasion of neoliberal reforms, footloose labour is only going to be further marginalized and pushed to limits. [ABSTRACT FROM AUTHOR]

Financial inclusion has done its best across the world to bring unbanked people to the mainstream of financial and banking services. However, the metamorphosis is slow and needs some shots in the arm. This paper attempts to explore ways to expedite the process of economic development of the poor through financial inclusion. A newer technology, Open API for banking (OAB), can support financial inclusion for economic development and the growth of the poor. There are two main reasons for the success of OAB. Many mobile-based applications use OAB. Therefore, OAB can easily piggyback on the success of mobile penetration. The meager cost and simple technology of OAB is another reason for its success, primarily when OAB is aimed at unbanked people of the world. Structured Equation Modelling is applied to successfully and empirically test the mediation role of OAB between financial inclusion and economic development of the poor. OAB is found to have complete mediation. This work is the only study that links OAB with financial inclusion and the economic development of the poor. OAB stands out among all the other digitalisation tools of financial services due to its exclusive features. OAB has considerable implications to expedite the execution of financial inclusion for the economic development of the poor. But, to extend its full impact on the economic development of the poor, OAB should be clubbed with financial inclusion as a policy. Otherwise, a good opportunity will remain confined mostly as an effective solution for digitalising payment services. The digital divide is supposed to be bridged by OAB. However, this paper has not addressed this issue empirically. Besides this, the synergetic effect of FI and OAB, which is strongly recommended in the study, needs empirical testing. Both the limitation of the study is the future scope of the topic. No other study was observed on the topic, where OAB is suggested to bridge the gap between financial inclusion and economic development of the poor. The study has immense potential to change the course of action of the policy on Financial Inclusion. Using the findings of the study, the policymakers can embark upon using the new innovative technology in a more concerted way for the social upheaval of the poor in India. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to evaluate and determine the effectiveness of university education on the economy of various countries. Design/methodology/approach: To determine the necessity and expedience of making provision for the effectiveness of university education on the market economy, this work uses the method of regression and correlation analysis. Evaluation of effectiveness of the system of university education is performed separately for students, state, and employers by taking as example countries with specially developed formulas. Findings: The authors substantiate the necessity for provision of effectiveness of university education on the market economy, view the effective system of university education as a basis for the development of a knowledge economy, determine approaches to evaluate the effectiveness of university education on the market economy, perform evaluation of effectiveness of the system of university education by the example of various countries, determine its connection with indicators of economic growth and development, and provide recommendations for provision of effectiveness of the system of university education on modern market economies. Practical implications: The practical value of results of the conducted research consists in the possibility to use the developed formulas for determining the level of effectiveness of the system of university education on various countries of the world. Originality/value: Theoretical value of this paper consists in the possibility for the application of authors' conclusions and recommendations in the process of development of the policy of management of effectiveness of university education system.

This paper is an attempt to examine the relationship between higher education and economic growth by taking a country case of the Republic of Korea and comparing this with the Republic of India to show how political educational decisions impact economic growth. Even though both countries began as relatively underdeveloped economies at the time of independence in the 1940s, this literature study shows that these two countries took different trajectories in organizing their higher education systems. Korea's strategic and sustained investment in education (along with the private sector) has eventually helped the economy to soar. India's economy, on the other hand, is still held back from strategizing and channeling its resources for the development of higher education in general. India appears to have been fallen prey to a competency trap of the general presumption among many policy makers that secondary and higher education may not be as necessary for economic growth. As a result, the economy will continue to suffer until the political commitment shifts toward investing in higher education and working with the private sector of vast potentials.

In this paper, we identify factors which improve the quality of technical education using the data from World Bank's Technical Education Quality Improvement Programme (TEQIP) in India. We evaluate the success of TEQIP in improving the quality of technical education in the country. Our findings show significant impact of this intervention on the quality of the technical education. The design, strategy, and implementation of TEQIP have crucial lessons for developing countries who want to build their technical education sector for rapid economic growth.