Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary

Tsaurai, Kunofiwa

doi:10.1504/ijeed.2017.085375

Cited by 5 publications

(2 citation statements)

References 17 publications

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“…This result concurs with Shahbaz et al. (2018) who find a bidirectional causality between economic growth and spending on energy R&D but contradicts Tsaurai (2017) who establishes that R&D spending only leads to output growth. Finally, the causal link between renewables and income is unidirectional, flowing only from economic growth to renewable energy, which supports the scenario that economic development spurs action towards the deployment of renewable energy sources to maintain environmentally sustainable production processes.…”

Section: Empirical Analysis and Discussionsupporting

confidence: 73%

Towards mitigating ecological degradation in G-7 countries: accounting for economic effect dynamics, renewable energy consumption, and innovation

Usman

Iorember

Jelilov

et al. 2021

Heliyon

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The 21 st century economic growth is characterized by extensive production and consumption, which increases anthropogenic emissions. However, reducing emission levels require ecological sustainability through innovation and modern technological consideration. This paper investigated not only renewable energy-driven environmental quality but also captured innovation research investment in renewables within the framework of the environmental Kuznets curve (EKC) model for G-7 countries. The findings confirmed the presence of EKC hypothesis for G-7 countries. In addition, renewable energy and innovation were identified to exert negative effects on ecological footprint. To capture the entire conditional distribution of the ecological footprint, we applied the Method of Moments Quantile Regression with fixed-effects. The results affirmed the negative effects of renewable energy innovation. Besides, their effects were heterogeneous across the quantiles with evidence of diminishing effects from lower to higher quantiles, suggesting that countries with lower levels of ecological footprint are possibly more prone to the environmental deterioration effect of income growth. The results of the causality test support economic growth-induced ecological degradation, growth-induced renewables, and innovation-induced ecological conservation. The results further showed a feedback effect between renewables and ecological footprint, innovation, and income growth as well as innovation and renewables. These findings portend important implications for the realization of carbon-free economies in G-7 countries by 2100.

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Section: Empirical Analysis and Discussionsupporting

confidence: 73%

Towards mitigating ecological degradation in G-7 countries: accounting for economic effect dynamics, renewable energy consumption, and innovation

Usman

Iorember

Jelilov

et al. 2021

Heliyon

View full text Add to dashboard Cite

show abstract

“…However, the literature still remains largely inconclusive. The earlier set of authors support innovation, human capital, population, income, and investments as key drivers of growth (Barro & Lee, 1993; Birdsall & Rhee, 1993; De Long & Summers, 1991; Galindo Martín, Ribeiro, & Mendez Picazo, 2012; Maria, 2010; Weng, Song, & Sheng, 2012; Ye & Sun, 2010) and complemented by recent studies (like Aydin, Alrajhi, & Jouini, 2018; Erdil Şahin, 2015; Esmail & Hemdan, 2018; Kacprzyk & Doryń, 2017; Lee, 2018; Tsaurai, 2017; Ustabaş & Ersin, 2016; Zhao, 2016) and these studies relied on the Solow model as a baseline for variables selection. Bruce and Turnovsky (2013a) have attributed the growth in the economy to demographic factors like fertility, life expectancy, age among others (see Bruce & Turnovsky, 2013b; Yew & Zhang, 2013; Mierau & Turnovsky, 2014; Bloom, Canning, & Sevilla, 2004; Well, 2007).…”

Section: Literature Reviewmentioning

confidence: 83%

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Nathaniel

Barua

Hussain

et al. 2020

Journal of Public Affairs

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This study explores the interrelationship between CO2 emissions and economic growth in selected Africa economies from 1990 to 2014 providing evidence from both static and dynamic models. Results show that increases in energy use have a significant and positive effect on economic growth; which goes to show that growth in Africa is actually energy dependent. Further findings suggest that CO2 emissions have no significant contemporaneous effect, however, a significant and negative effect at a one‐period lag on economic growth. The significance of the impacts is consistently confirmed by both the static and dynamic estimations. Also, trade adds to economic growth and also contributes to environmental deterioration in Africa. There is a dire need for Africa to adjust its energy portfolio by shifting to clean energy sources which will enhance sustainable economic growth without deteriorating the environment.

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Investing green for sustainable development without ditching economic growth

Balcılar

Usman

Ike

2022

Sustainable Development

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Global warming and other significant climatic changes arising from the accumulation of carbon dioxide and other greenhouse gases have placed great policy puzzles on whether to slow or not to slow gross domestic product (GDP) growth. This paper presents and estimates empirical models of growth using standard tools of growth empirics for 23 OECD countries over the period 1990-2017. The main objective is to examine the role of green energy consumption and investment on economic growth. Using the Method of Moments Quantile Regression (MMQR) with fixed effects, empirical results suggest that green energy consumption and investment-in the sense of renewable energy consumption and expenditure in renewable energy research and development (R&D)-have small, although positive effects on economic growth. These effects are heterogeneous, leading to asymmetric patterns over the conditional quantile distribution of per-capita GDP with stronger effects found in the lower quantiles. The implication of our findings is that capacity utilization in green energy consumption and investment has not been developed to a viable level that will mitigate greenhouse effects and spur sustainable development in the long run.

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Scaling up innovation: does research and development have a role to play in economic growth? A case of Hungary

Cited by 5 publications

References 17 publications

Towards mitigating ecological degradation in G-7 countries: accounting for economic effect dynamics, renewable energy consumption, and innovation

Towards mitigating ecological degradation in G-7 countries: accounting for economic effect dynamics, renewable energy consumption, and innovation

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Investing green for sustainable development without ditching economic growth

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