Does Outward Foreign Direct Investment Influence Renewable Energy Innovation Technology? The Role of Environmental Policy and Research & Development in Belt and Road Initiative Regions
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43926915" target="_blank" >RIV/62156489:43110/25:43926915 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.sftr.2025.100595" target="_blank" >https://doi.org/10.1016/j.sftr.2025.100595</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.sftr.2025.100595" target="_blank" >10.1016/j.sftr.2025.100595</a>
Alternative languages
Result language
angličtina
Original language name
Does Outward Foreign Direct Investment Influence Renewable Energy Innovation Technology? The Role of Environmental Policy and Research & Development in Belt and Road Initiative Regions
Original language description
This study addresses the research gap in understanding the interplay between outward foreign direct investment (OFDI), environmental policy (ENPO), and research and development (REDE) in driving renewable energy innovation technology (REIT) within the Belt and Road Initiative (BRI) countries. Despite the growing emphasis on sustainable development, limited research has explored how these factors collectively influence REIT across diverse economic and regulatory landscapes. Using data from 2005 to 2022, this study provides empirical insights into their dynamic relationships, offering a comprehensive perspective on the mechanisms shaping renewable energy innovation in BRI nations. Using panel cointegration, the Panel Autoregressive Distributed Lag (ARDL) model and causality analysis on data from 13 BRI economies reveal that OFDI hinders REIT as international investments divert capital from domestic renewable energy. However, stringent ENPO fosters environmentally friendly technology, benefiting long-term development. Knowledge spillovers from OFDI and REDE support REIT in the short term. The study highlights reciprocal links between OFDI and ENPO and how REIT influences investments and environmental regulations, demonstrating complex interactions. Coordinated policies promoting foreign investment, R&D, strict environmental regulations, and regional cooperation are recommended to maximize socioeconomic benefits from REIT. The findings emphasize the BRI's potential to accelerate sustainable development through strategic alignment of financial, technological, and regulatory frameworks.
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
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
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
Sustainable Futures
ISSN
2666-1888
e-ISSN
2666-1888
Volume of the periodical
9
Issue of the periodical within the volume
June
Country of publishing house
GB - UNITED KINGDOM
Number of pages
14
Pages from-to
100595
UT code for WoS article
001466393200001
EID of the result in the Scopus database
2-s2.0-105002023768