Role of green innovation, trade and energy to promote green economic growth: a case of South Asian Nations
- PMID: 34462851
- PMCID: PMC8404544
- DOI: 10.1007/s11356-021-15881-4
Role of green innovation, trade and energy to promote green economic growth: a case of South Asian Nations
Abstract
The objective of this study is to contribute to the existing debate of green economic growth by empirically investigating the role of cleaner energy production, green innovation, and green trade in green economic growth in the context of South Asian countries. For this purpose, the study collects the data of South Asian Economies for 2000-2018 from different sources such as world development indicators (WDI), International Energy Statistics (IES), and Organization for Economic Co-operation and Development (OECD) statistics. The study applied Pesaran's (2007) second-generation unit root test to test the stationarity of the data. Wasteland's (2007) test of cointegration was applied to examine the long-run association among modeled variables. The study confirmed the long-run association among modeled variables that turn to be stationary at the first differences. Moreover, the study applied fully modified least square (FMOLS) and dynamic least square (DOLS) to estimate the empirical results of the study. Results of the study show that the production of clean energy, green innovation, and green trade positively contributes to the green economic growth of South Asian Economies Graphical abstract.
Keywords: Cleaner energy production; Green Innovation; Green economic growth; Green trade; South Asian Nations.
© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
Conflict of interest statement
The authors declare no competing interests.
Figures
Similar articles
-
Impact of economic and green growth on poverty, income inequalities, and environmental degradation: a case of South Asian economies.Environ Sci Pollut Res Int. 2023 Mar;30(12):35200-35213. doi: 10.1007/s11356-022-24191-2. Epub 2022 Dec 17. Environ Sci Pollut Res Int. 2023. PMID: 36527550
-
Nexus among green energy consumption, foreign direct investment, green innovation technology, and environmental pollution on economic growth.Environ Sci Pollut Res Int. 2022 Nov;29(51):76501-76513. doi: 10.1007/s11356-022-23184-5. Epub 2022 Sep 24. Environ Sci Pollut Res Int. 2022. Retraction in: Environ Sci Pollut Res Int. 2024 Apr;31(18):27488. doi: 10.1007/s11356-024-33015-4 PMID: 36152099 Retracted. Review.
-
Does green environmental innovation really matter for carbon-free economy? Nexus among green technological innovation, green international trade, and green power generation.Environ Sci Pollut Res Int. 2022 Sep;29(45):67504-67512. doi: 10.1007/s11356-022-22040-w. Epub 2022 Aug 2. Environ Sci Pollut Res Int. 2022. PMID: 35917073 Review.
-
Impact of financial inclusion and green bond financing for renewable energy mix: implications for financial development in OECD economies.Environ Sci Pollut Res Int. 2022 Apr;29(17):25544-25555. doi: 10.1007/s11356-021-17561-9. Epub 2021 Nov 29. Environ Sci Pollut Res Int. 2022. PMID: 34843047 Free PMC article.
-
Does green innovation moderate between FDI and environmental sustainability? Empirical evidence from South Asia.PLoS One. 2023 Nov 9;18(11):e0288532. doi: 10.1371/journal.pone.0288532. eCollection 2023. PLoS One. 2023. PMID: 37943855 Free PMC article.
Cited by
-
Insights from the nexus between economic growth and green energy.Heliyon. 2024 Jul 5;10(14):e34195. doi: 10.1016/j.heliyon.2024.e34195. eCollection 2024 Jul 30. Heliyon. 2024. PMID: 39108886 Free PMC article.
References
-
- Abbas S, Kousar S, Yaseen M, Mayo ZA, Zainab M, Mahmood MJ, Raza H. Impact assessment of socioeconomic factors on dimensions of environmental degradation in Pakistan. SN Applied Sciences. 2020;2(3):1–16. doi: 10.1007/s42452-020-2231-4. - DOI
-
- Ackah I, Kizys R. Green growth in oil producing African countries: a panel data analysis of renewable energy demand. Renew Sust Energ Rev. 2015;50:1157–1166. doi: 10.1016/j.rser.2015.05.030. - DOI
-
- Aklin M. Re-exploring the trade and environment nexus through the diffusion of pollution. Environ Resour Econ. 2016;64(4):663–682. doi: 10.1007/s10640-015-9893-1. - DOI
-
- Alam KJ, Sumon KK. Causal Relationship between Trade Openness and Economic Growth: a Panel Data Analysis of Asian Countries. Int J Econ Financ Issues. 2020;10(1):118–126. doi: 10.32479/ijefi.8657. - DOI
MeSH terms
Substances
LinkOut - more resources
Full Text Sources