Role of Green Information Systems in Economic Development of South Asian Economies: A Panel Data Analysis

Abstract

This research analyzes how South Asian economies benefit from adopting Green Information Systems as a driver for GDP growth. For this, the study employs panel data from five South Asian countries, i.e. India, Pakistan, Bangladesh, Sri Lanka, Nepal and Bhutan, covering the period from 2004 to 2023. Green Information Systems Adoption index is made using PCA method and Internet users, Mobile subscribers and ICT exports are taken as the indicators. The fixed effects alongside random effects models verify that implementing Green Information Systems Adoption generates substantial economic growth, which advances technological development and drives the regional expansion of the economy. South Asian economies depend on carbon-intensive industries, which causes a positive and statistically significant relationship between carbon emissions and economic growth. The statistical connection between energy efficiency performances and GDP growth remains moderate because investment in renewable energy infrastructure remains needed. Economic growth remains unaffected by regulatory quality levels. The study shows that trade openness stands out as a major economic growth factor that strengthens the impact of globalization and market integration on sustainable development.