Technological innovation, crude oil volatility, and renewable energy dimensions in N11 countries: Analysis based on advance panel estimation techniques

Li, Zeyun; Qadus, Abdul; Maneengam, Apichit; Chupradit, Supat; Shahid, Muhammad Sadiq; Haffar, Mohamed

doi:10.1016/j.renene.2022.04.014

Cited by 13 publications

(4 citation statements)

References 45 publications

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“…Specifically, an escalation in the societal education level plays a pivotal role in reducing climate change or bolstering the HPI, aligning with theoretical expectations. This finding resonates with the perspective highlighted in the work of [53,60], emphasizing the significance of technological advancements in fostering a sustainable environment.…”

Section: Empirical Findings and Discussionsupporting

confidence: 84%

“…This study employed panel data analysis using 25 provinces in China from 2002 to 2015. The study conducted by [53] highlighted the significant roles of technical innovation and renewable energy dimensions in mitigating environmental threats. Additionally, this research found that crude oil price volatility has a notable impact on environmental deterioration, particularly among N11 countries.…”

Section: Relationships Between Digital Technology and Clean Energy Tr...mentioning

confidence: 99%

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Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Sarabdeen,

Elhaj,

Alofaysan

2024

Energies

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Amid global imperatives to combat climate change and achieve sustainable economic development, the convergence of digital transformation and the transition to clean energy has emerged as a critical focal point for oil-exporting nations. This study comprehensively investigates the interplay of digital technology, clean energy transition, climate change, and economic growth among selected oil-exporting nations. Drawing upon a diverse set of economic and geographical contexts, this study uses panel data analysis of data from the World Bank’s Economic Indicators and the United Nations Development Program for the period from 2006 to 2020. The results show that digital technology reduces climate change by improving environmental quality, but internet and mobile access have insignificant and negative effects on environmental quality, respectively. Meanwhile, all technology variables negatively impact green energy and economic growth, while the Happy Planet Index and financial development positively impact the green energy transition. This study is important for regulators, producers, and consumers, as it provides a better understanding of the crucial role of digital transformation in sustainable development within oil-export countries. This study’s findings can be used to develop policy recommendations for a low-carbon economy, the promotion of digital transformation through green energy, and the management of climate change.

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Section: Empirical Findings and Discussionsupporting

confidence: 84%

Section: Relationships Between Digital Technology and Clean Energy Tr...mentioning

confidence: 99%

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Sarabdeen,

Elhaj,

Alofaysan

2024

Energies

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“…El resultado empírico muestra que factores como el precio del petróleo la volatilidad están contribuyendo a una mayor emisión de carbono, mientras que las fuentes de energía limpia e innovación tecnológica son una buena señal para reducir las amenazas ambientales en todas las economías seleccionadas. Según (Li et al, 2022)…”

Section: Estado Del Arteunclassified

Revisión Situacional sobre el Uso y Traslado hacia las Energías Renovables en el Planeta

Horna Guzman

2022

HIGH TECH-ENGINEERING JOURNAL

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Este trabajo trata de mostrar el nivel de las energías renovables en el mundo, detallando su avance a través de los años y como su cambio es lento y paulatino, nos enfrascamos en distintas soluciones enlazadas mediante el manejo y equilibrio de energías renovables, plasmándolas en las leyes de la oferta y la demanda, donde un usuario de estas energías puede tener un crédito económico por producirlas y por contribuir a su traslado en redes comunitarias. Sucediendo todo ello en los países de mejor desarrollo como los del hemisferio norte y denotando una falencia de tecnologías en países en vías de desarrollo como los del hemisferio sur, en los cuales la falta de tecnologías que son implementadas por estos países desarrollados se debe suplir con tecnologías propias, técnicas ancestrales y conocimiento local. Estos países en vías de desarrollo tienen una dependencia a las energías secundarias o no limpias, siendo los que más contribuyen en emanaciones de GEI y contaminantes al planeta por ser su base de generación de energía los combustibles fósiles, en ellos se refleja un avance lento en el cambio a los renovables pero de suma urgencia para poder afrontar una crisis energética mundial que se avizora a la vuelta de la esquina por el incremento de la demanda energética.

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“…Hu et al (2022) emphasized that oil prices have become one of the most influential factors in the development of green innovation. Li et al (2022) consider a more complex mechanism for the relationship between oil prices and innovative economic development. Thus, the price volatility of crude oil is a determinant of environmental degradation.…”

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confidence: 99%

Post-Oil Period in Azerbaijan: Economic Transformations, Anti-Inflation Policy and Innovations Management

Aliyeva

2022

MMI

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Azerbaijan's economy is traditionally characterized by a high dependence on the oil industry. Thus, the revenues from producing and selling oil and oil products provided economic growth and financing for most consumer needs. However, the transition from the oil boom to the gradual decline of the oil industry has caused quite serious economic shocks and identified the need for significant structural transformations in the national economy. The article aims to study the potential of innovative development of Azerbaijan's economy in the post-oil period and to determine the priorities of the state's anti-inflationary policy. To test the hypothesis of the need to change the directions of economic regulation and anti-inflationary policy, a dynamic and structural analysis of key indicators of Azerbaijan's economic development (production, employment, exports, inflation, the balance of payments, government spending, etc.) during the oil boom and post-oil period was conducted. The structural transformations in the economy of Azerbaijan that have taken place over the past 20 years have been identified, which made it possible to put forward a hypothesis about the impact of world oil demand on the main parameters of the country's national economy. Regression analysis by the Newey West method (time-series data) revealed the specifics of the relationship between key indicators of oil industry development (oil production and sales, oil prices), inflation (consumer prices, exchange rate), production (structure and value-added of industry, investment, etc.), innovative development (expenditure on research and development, production and foreign trade of high-tech goods and services) and the social sector (government spending, employment, education) in two time periods: the oil boom (2005–2014) and the post-oil period (after 2014). It was proved that the transition from the oil boom to the post-oil period is associated with a change like cause-and-effect relationships between indicators of the development of the oil industry and several indicators of economic, innovative, and social development of Azerbaijan. Based on the identified changes in the specifics of causation, the directions of changing the priorities of state regulation of the economy in the context of overcoming inflation and ensuring the transition to an innovation-driven economy are substantiated.

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Technological innovation, crude oil volatility, and renewable energy dimensions in N11 countries: Analysis based on advance panel estimation techniques

Cited by 13 publications

References 45 publications

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Revisión Situacional sobre el Uso y Traslado hacia las Energías Renovables en el Planeta

Post-Oil Period in Azerbaijan: Economic Transformations, Anti-Inflation Policy and Innovations Management

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