Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A96698" target="_blank" >RIV/60460709:41110/23:96698 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.renene.2023.119059" target="_blank" >https://doi.org/10.1016/j.renene.2023.119059</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.renene.2023.119059" target="_blank" >10.1016/j.renene.2023.119059</a>
Alternative languages
Result language
angličtina
Original language name
Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?
Original language description
This research evaluates how energy (geothermal and coal), economic complexity, and technological innovation impact the ecological footprint in newly industrialized countries (NICs), considering the period 1990–2018. The authors employed economic complexity, technological innovation, and ecological footprint as significant considerations instead of standard environmental and economic parameters. The study used cross-sectional augmented distributed lag (CS-ARDL) and the pairwise Dumitrescu-Hurlin (DH) panel causality to consider the dynamic character of the correlation between the Environment and economic activities. The outcomes of the CS-ARDL showed that economic growth and coal energy intensify ecological footprint in both the long and short run. However, CS-ARDL results revealed that geothermal energy consumption, economic complexity, and technological innovation lessen the ecological footprint in NICs in the long and short run. Finally, the DH causality results revealed a unidirectional causality from geothermal, technological innovation, economic complexity, and coal energy use to ecological footprint. This demonstrates that all the exogenous variables have a predicted power on the ecological footprints in NICs. Based on these findings, policy measures to diversify products have the potential to tackle ecological problems.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
RENEWABLE ENERGY
ISSN
0960-1481
e-ISSN
0960-1481
Volume of the periodical
217
Issue of the periodical within the volume
2023-11-01
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
8
Pages from-to
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UT code for WoS article
001070839700001
EID of the result in the Scopus database
2-s2.0-85168992045