THE TECHNOLOGY INNOVATION PARADOX IN ASIA'S LEADING INNOVATIVE ECONOMIES: THE IMPORTANCE OF RENEWABLE ENERGY AND GREEN FINANCING
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A106231" target="_blank" >RIV/60460709:41110/25:106231 - isvavai.cz</a>
Result on the web
<a href="https://journals.vilniustech.lt/index.php/TEDE/article/view/23722" target="_blank" >https://journals.vilniustech.lt/index.php/TEDE/article/view/23722</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/tede.2025.23722" target="_blank" >10.3846/tede.2025.23722</a>
Alternative languages
Result language
angličtina
Original language name
THE TECHNOLOGY INNOVATION PARADOX IN ASIA'S LEADING INNOVATIVE ECONOMIES: THE IMPORTANCE OF RENEWABLE ENERGY AND GREEN FINANCING
Original language description
The present study investigates the influence of green energy, technological innovation, financial development, natural resources, trade, and economic growth on environmental quality in four technologically innovative economies in Asia using data from 1990 to 2021. By adopting a holistic approach, it addresses gaps in the literature that often focus on isolated factors or regions. The findings provide actionable insights for policymakers to reconcile economic growth with ecological sustainability, offering a blueprint for sustainable development in Asia's technological hubs. The Panel ARDL approach is used to evaluate the impacts in both the long and short term. Furthermore, we performed robustness tests using panel least squares, panel FMOLS, and panel DOLS techniques. The study's findings indicate that technological innovation, financial development, and trade all have a long-term positive impact on environmental quality in Asia's technologically innovative economies. However, green energy, natural resources, and economic progress had a negative impact on CO2 emissions. The findings from panel least squares, panel FMOLS, and DOLS also showed that technological innovation, financial development, and trade enhance the environmental quality. This investigation aims to assist policymakers in creating comprehensive plan that promotes environmental sustainability via technological improvements and renewable energy sources, with an emphasis on economic growth.
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
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Technological and Economic Development of Economy
ISSN
2029-4913
e-ISSN
2029-4913
Volume of the periodical
31
Issue of the periodical within the volume
6
Country of publishing house
LT - LITHUANIA
Number of pages
26
Pages from-to
1953-1978
UT code for WoS article
001592512300001
EID of the result in the Scopus database
2-s2.0-105022887127