The Influence of Multifactor Productivity, Research and Development Expenditure, Renewable Energy Consumption on Ecological Footprint in G7 Countries: Testing the Environmental Kuznets Curve Hypothesis

Aydin, Mehmet; Değirmenci, Tunahan; Yavuz, Hakan

doi:10.1007/s10666-023-09879-0

Cited by 22 publications

(6 citation statements)

References 62 publications

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“…(ii) Green innovation results are consistent with Wiser and Millstein (2020), Li et al (2021), and Aydin, Degirmenci, Gurdal, and Yavuz (2023) while they are not consistent with Shahzadi et al (2022). (iii) REN findings are consistent with Ganda (2019), Sun et al (2023) and Aydin, Degirmenci, and Yavuz (2023) while they are not consistent with Rout et al (2022).…”

Section: Conclusion and Policy Recommendationsmentioning

confidence: 53%

“…The results show that innovation and R&D spending reduce emissions. Finally, Aydin, Degirmenci, and Yavuz (2023) analyzed the effects of productivity, RDE, and REN consumption on the ecological footprint in G7 countries from 1990 to 2018. The results show a long‐term relationship; REN and RDE increase environmental quality.…”

Section: Literature Reviewmentioning

confidence: 99%

“…According to the LCC hypothesis, income can impact both ecological footprint and biocapacity. Studies indicate that environmental quality can be driven by R&D activities, technological innovation, and technology diffusion (Aydin, Degirmenci, Gurdal, & Yavuz, 2023; Aydin, Degirmenci, & Yavuz, 2023; Erdogan, 2021; Rout et al, 2022; Sharif et al, 2023). As a matter of fact, in the Kyoto Protocol signed within the scope of UNFCCC, it is expected that developed countries will transfer technology to developing countries according to their technology needs and thus increase environmental quality.…”

Section: Introductionmentioning

confidence: 99%

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The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

Aydin,

Degirmenci

2023

Sustainable Development

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Today, when climate change and environmental degradation are experienced, environmental sustainability comes to the fore. The most important component of environmental sustainability is undoubtedly technology and innovation. This study examines the effects of clean energy consumption, green innovation, and technological diffusion on environmental sustainability from 1990 to 2018 in selected European Union countries. This relationship has been frequently examined in the literature within the framework of the environmental Kuznets curve (EKC) hypothesis. The number of studies examining it within the load capacity curve (LCC) hypothesis framework is negligible. This study aims to fill the gap in the literature in the context of examining the relationship within the framework of the LCC hypothesis. For this purpose, Westerlund's (2008) panel cointegration test was applied, and cointegration was determined in the LCC model. Three different long‐term estimators, namely rCCE, DCCE, and AMG, were used to test the validity of the hypothesis. Although the results obtained for the entire panel say that the LCC hypothesis is not valid, evidence for the existence of the hypothesis has been identified in the country‐based results. Accordingly, the LCC hypothesis is valid for Denmark, France, Portugal, and Spain. Overall, green innovation and technological diffusion are essential to encourage the spread of environmentally friendly practices and to leave a more livable world for future generations.

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Section: Conclusion and Policy Recommendationsmentioning

confidence: 53%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

Aydin,

Degirmenci

2023

Sustainable Development

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“…Equation ( 8) investigates causal relationships between current REN, current R&D expenditures, current CO 2 emissions, and current GDP, with ϵ 4t accounting for unexplained variation (Aydin et al, 2023).…”

Section: Empirical Frameworkmentioning

confidence: 99%

Nexus between carbon emissions, renewable energy, technological innovation, and economic growth in the G7 economies: an econometric analysis

Liu,

Rasheed

2023

Preprint

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This research investigates the relationship among CO $_2$ emissions, economic growth, technological innovation, renewable energy consumption, and the Environmental Kuznets Curve (EKC) in G7 countries from 1990 to 2022. The overarching objective is to uncover specific short-run and long-run associations between these variables, examining immediate impacts and long-term effects. With global concerns related to climate change and concerted international efforts to reduce CO$_2$, this study explores the critical dynamics between economic growth and environmental sustainability. The methods include panel unit root tests, cointegration analysis, causality tests, and AutoRegressive Distributed Lag (ARDL) models, chosen for their capacity to offer a thorough understanding of the relationships between the variables. The finding indicates a stable equilibrium between GDP and CO$_2$ emissions within G7 nations, signifying a crucial aspect of global climate change. Specifically, the results highlight that the relationship is statistically significant for the USA, Canada, Germany, and the UK while being deemed insignificant for Italy, France, and Japan. This study suggests a complex relationship that extends beyond short-run fluctuations. In the short term, an observed inverse correlation emphasizes the need for agile policy strategies to balance economic growth and environmental concerns. Promoting renewable energy sources and strategically increasing investment in research and development have policy implications that can help make economic growth and environmental concerns more sustainable and balanced.

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“…Interestingly, in the short run, the human capital index is positively related to CO 2, whereas it is negatively related in the long run. Aydin et al (2023) analyzed Nano-technological innovation energy consumption, including economic growth and ecological footprints for G-7 countries from 1990 to 2018, deploying a panel co-integration approach. Findings confirmed long-term correlation.…”

Section: Review Of Literaturementioning

confidence: 99%

Dynamics of Formal and Informal Institutions on Environmental Quality in Pakistan

Tahir,

Bashir,

Hassan

et al. 2023

J. educ. soc. stud.

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Environment and economic growth have been interlinked with each other since the beginning of mankind. The institutions (formal and informal) play an important role in the determination of the relationship between income and the environment. Many indicators measure the environment, i.e., air, land, water, and emissions. There is a need to develop a comprehensive measure of environmental quality, measuring all dimensions. The study aimed to develop a multidimensional and comprehensive measure of environmental quality and to analyze the role of formal and informal institutions on the environment and economic growth. Furthermore, the policy measures are suggested based on the results of the study. The environmental policies are better reinforced through good governance and improved institutional quality. To achieve these objectives, secondary data has been used from different international agencies of developed and developing countries with a special focus on Pakistan. The long-run and short-run relationships have been identified by using co-integration analysis and causality analysis. The results of the empirical analysis show that Institutional quality exerts a positive impact on economic growth. Further, Economic growth follows a decreasing trend in CO2 emissions, which validates the existence of EKC theory. The study also found that better institutions/policies cause higher income and improved environment in the long run, although it hampers growth in the short run. The study considers the vital roles of economic growth, institutional quality, and public awareness for a sustainable environment. To facilitate sustainable development in Pakistan, policymakers should be encouraged to prioritize policy design and implementation.

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The Influence of Multifactor Productivity, Research and Development Expenditure, Renewable Energy Consumption on Ecological Footprint in G7 Countries: Testing the Environmental Kuznets Curve Hypothesis

Cited by 22 publications

References 62 publications

The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

The impact of clean energy consumption, green innovation, and technological diffusion on environmental sustainability: New evidence from load capacity curve hypothesis for 10 European Union countries

Nexus between carbon emissions, renewable energy, technological innovation, and economic growth in the G7 economies: an econometric analysis

Dynamics of Formal and Informal Institutions on Environmental Quality in Pakistan

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