Investigation on the causality relationship between environmental innovation and energy consumption: Empirical evidence from EU countries

Usman, Muhammad; Rădulescu, Magdalena; Balsalobre‐Lorente, Daniel; Rehman, Abdul

doi:10.1177/0958305x221120931

Cited by 26 publications

(6 citation statements)

References 93 publications

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“…The study findings have established encouraging effects on FDI that environmental innovation has duel effects on the economy; that is, the increases of the FDI inflows, side by side, prompt environmental sustainability. Usman, et al [105] advocated that environmental efficiency and ecological balance can be obtained through cultivating innovation focusing on environmental protection, meaning that investment in environmental protection improves energy efficiency, leading to environmental sustainability.…”

Section: Long Run and Short Run Coefficients: Aardl Estimationmentioning

confidence: 99%

Innovation-Led FDI Sustainability: Clarifying the Nexus between Financial Innovation, Technological Innovation, Environmental Innovation, and FDI in the BRIC Nations

Huan¹,

Qamruzzaman

2022

Sustainability

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Spatial adequacy and capital formation are impactful macro factors in achieving economic sustainability; therefore, offering a conducive ambiance for foreign investors entices them to the technology and capital mobilization in the host economy. The purpose of the study is to highlight the nexus of the innovation-led FDI in BRIC nations from 1990–2019. The study has implemented several econometric techniques to establish the empirical nexus, including a unit root test with a structural break, a combined cointegration test, an augmented autoregressive distributed lagged, a nonlinear autoregressive distributed lagged and the Fourier Toda–Yamamoto causality test. The structural break test divulged one break year in the data set, and the study incorporated the structural break effects in line with the explained variable. The long run association between the explanatory explained and the control variables has been unveiled with the test statistics of the combined cointegration. Furthermore, the long run cointegration in the empirical equation has been found in the linear and nonlinear assessment. In terms of the symmetric investigation, the coefficient of innovation, that is, TI, FI, and EI on FDI, were revealed to be positive and statistically significant at a 1% level, suggesting the innovation culture boosts the inflows of the FDI in the economy, both in the long run and short run. Furthermore, the asymmetric association has been confirmed by implementing the standard Wald test with the null of symmetry in the long and short runs. Inferring to the asymmetric coefficients, it is apparent that the positive and negative shocks of TI, FI and EI have established a positive tie to FDI, which is significant at a 1% level. According to the elasticities of the asymmetric shocks, the positive innovation disclosed a more prominent impact than the negative innovation on the FDI inflows. Thus this study advocated for ensuring a conducive innovation environment by mobilizing economic resources. Finally, the causality test documented the feedback hypothesis to explain the causal association between technological innovation and FDI and environmental innovation and FDI.

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Section: Long Run and Short Run Coefficients: Aardl Estimationmentioning

confidence: 99%

Innovation-Led FDI Sustainability: Clarifying the Nexus between Financial Innovation, Technological Innovation, Environmental Innovation, and FDI in the BRIC Nations

Huan¹,

Qamruzzaman

2022

Sustainability

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“…Owing to the awareness of the dangers of EVD within V4 nations, many scholars have investigated how to mitigate and achieve environmental quality. (Brodny & Tutak, 2021;Godawska & Wyrobek, 2021;Görgün Akgül et al, 2022;Ministry of Environment of the Czech Republic, 2013;Polat, 2019;Šauer, 2013;Usman et al, 2022). Therefore, the current research will provide solutions and suggestions to governments, enterprises, and policymakers in their decision and policy formulation on EVD.…”

Section: Motivation and Contribution Of The Researchmentioning

confidence: 99%

Energy consumption and environmental deterioration: the moderating role of human capital in the Vise grad countries.

Nsiah

Gavurová

Kwasi

et al. 2022

Preprint

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The affiliation between energy consumption (ENC) and economic progress (ECP) has a significant environmental concern. The role of human capital (HUC) in lessening the depletion of the natural environment has been extensively researched. However, as a moderating variable, the affiliation between energy consumption and environmental deterioration (EVD) is novel in the literature. This study explores economic progress, environmental taxes (ENT), urbanization (URB), and trade openness (TRO) in the Visegrad Four nations (V4): Poland, Hungary, Slovakia, and the Czech Republic, using data from the WDI and OECD databases from 1994 to 2021. The second-generational panel unit root (CIPS and CADF) was employed for series stationarity. Pedroni and Westerlund's cointegration estimations were used to validate the series' long-term affiliation. The investigation applied the common correlated mean group (CCMG), augmented mean group (AMG), and fully modified ordinary least squares (FMOLS) as a rousted test. The panel causality of Dumitrescu and Hurlin was used to check for causality. The regression results demonstrated that economic progress and energy consumption had a significant favourable link to environmental deterioration, confirming the EKC hypothesis. Similarly, urbanization and openness had a positive nexus with EVD. Environmental taxes and human capital lessen the depletion of ecological quality. The results demonstrated an inverse nexus when human capital was moderated by energy consumption and environmental deterioration. The research suggests that education enrollment and awareness about emissions would lessen the use of non-renewable energy in the Visegrad nations. Finally, the study made several policy recommendations for decision- and policymakers in the V4 regions to combat climate change and increase sustainable energy use.

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“…Research and innovation initiatives (RII) [284][285][286][287][288][289][290][291] The EU has invested heavily in research and innovation initiatives to support the development and deployment of new and innovative energy technologies. This has helped to accelerate progress towards a clean energy future.…”

Section: Eu Policy Description Of the Impacts On The Energy Marketmentioning

confidence: 99%

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

Gajdzik,

Wolniak,

Nagaj

et al. 2024

Energies

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The global energy crisis, which began in 2021 due to the extraordinary economic recovery after the pandemic and intensified after Russia’s invasion of Ukraine in February 2022, has changed the conditions of energy management, paying more attention to energy efficiency. Natural gas prices have reached record levels and, consequently, so have electricity prices in some markets. Oil prices have reached their highest level since 2008. Higher energy prices have contributed to sharply increased inflation. Households are again becoming interested in buying coal as a source of heat. High energy and gas prices have pushed many families into poverty and forced some factories to cut production or even close. They have also slowed economic growth to the point where some countries are heading for a serious recession. Paradoxically, the negative effects of the energy crisis may accelerate the introduction of cleaner, sustainable, renewable energy such as wind and solar energy. The energy crisis is comparable to the oil crisis of the 1970s, when it contributed to significant advances in energy efficiency. The current crisis has highlighted the importance of investments in renewable energy resources and initiated the process of integrating regional markets, developing energy efficiency and promoting renewable energies. The aim of this article is to comprehensively explore the complex relationship between energy awareness, consumption patterns, and energy efficiency, with a focus on both individual consumers and industries, during the global energy crisis. This paper is based on a literature review, overarching policy documents, energy reports, and other secondary documents. The primary research method was the systematic literature review method, based on which the impact of the global energy crisis on energy efficiency was evaluated. This study emphasizes the diverse influences on energy awareness, ranging from economic factors to consumer preferences and environmental consciousness. The findings of the paper underscore the significant responsibility of industries in contributing to energy-saving efforts and the active role of consumers in the energy market. The responsibility of industries in contributing to energy efficiency is highlighted, with a call for a comprehensive approach that integrates energy-saving criteria into product development and corporate social responsibility.

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Investigation on the causality relationship between environmental innovation and energy consumption: Empirical evidence from EU countries

Cited by 26 publications

References 93 publications

Innovation-Led FDI Sustainability: Clarifying the Nexus between Financial Innovation, Technological Innovation, Environmental Innovation, and FDI in the BRIC Nations

Innovation-Led FDI Sustainability: Clarifying the Nexus between Financial Innovation, Technological Innovation, Environmental Innovation, and FDI in the BRIC Nations

Energy consumption and environmental deterioration: the moderating role of human capital in the Vise grad countries.

The Influence of the Global Energy Crisis on Energy Efficiency: A Comprehensive Analysis

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