Modeling the impacts of technological innovation and financial development on environmental sustainability: New evidence from the world's top 14 financially developed countries

被引：15

作者：

Ullah, Assad ^{[1
]}

Dogan, Mesut ^{[2
]}

Topcu, Betul Altay ^{[3
]}

Saadaoui, Haifa ^{[4
]}

机构：

[1] Hainan Normal Univ, Sch Econ & Management, Haikou, Peoples R China

[2] Bilecik Seyh Edebali Univ, Vocat Sch Bozuyuk, Bilecik, Turkiye

[3] Kayseri Univ, Vocat Sch Social Sci, Kayseri, Turkiye

[4] Univ Sfax, Fac Econ & Management Sfax, Sfax, Tunisia

来源：

ENERGY STRATEGY REVIEWS | 2023年 / 50卷

关键词：

Financial development; Globalization; Renewable energy; Trade openness; Technological innovation; Ecological footprint; TESTING SLOPE HOMOGENEITY; CARBON EMISSIONS EVIDENCE; KUZNETS CURVE HYPOTHESIS; ECONOMIC-GROWTH; CO2; EMISSIONS; ENERGY-CONSUMPTION; ECOLOGICAL FOOTPRINT; RENEWABLE ENERGY; TRADE OPENNESS; ELECTRICITY CONSUMPTION;

D O I：

10.1016/j.esr.2023.101229

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

Developing a sustainable economic system in the wake of unprecedented environmental challenges is the major cry of the day. This study aims to investigate the impacts of financial development, technological innovation, globalization, trade openness, and renewable energy consumption on the ecological footprint of 14 countries with the highest levels of financial development. The utilized econometrics battery include slope homogeneity tests, Westerlund cointegration, panel Augmented Mean Group (AMG), and Dumitrescu-Hurlin (2012) causality approaches. The study period spans from 1990 to 2018. The empirical outcomes indicate that financial devel-opment negatively affects environmental sustainability. The results further reveal that globalization techno-logical innovation, trade openness, and renewable energy consumption bolster environmental quality. Based on the causality outcomes, a bidirectional causal link is witnessed between technological innovation, globalization, renewable energy consumption, and ecological footprint; however, a unidirectional causality relationship exists from trade openness and financial development to ecological footprint. The study findings underscore the importance of globalization, technological innovation, trade openness, and renewable energy consumption in fine-tuning environmental policies and improving environmental quality in these countries.

引用

页数：13

共 165 条

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