The moderating role of environmental-related innovation and technologies in growth-energy utilization nexus in highest-performing eco-innovation economies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F22%3A50019461" target="_blank" >RIV/62690094:18450/22:50019461 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0040162522004747" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0040162522004747</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.techfore.2022.121953" target="_blank" >10.1016/j.techfore.2022.121953</a>
Alternative languages
Result language
angličtina
Original language name
The moderating role of environmental-related innovation and technologies in growth-energy utilization nexus in highest-performing eco-innovation economies
Original language description
In pursuance of SDG 7, 8 and 12, unearthing the substantive role of environmental-related innovations and technologies in mitigating the undesirable effects of fossil fuel dependence and natural resources consumption onthe environment in selected highest performing eco-innovation economies unveils cutting edge policy options to aspiring eco-innovation economies. Considering the selected panel of leading eco-innovation economies (Austria,Denmark, Finland, France, Germany, Netherland, Spain, and Sweden), this study examines the contribution of oil utilization, environmental-related technologies-innovations, and the moderating role of environmental-relatedtechnologies-innovations in energy-economic output nexus over the period 1990–2020. By employing the recently developed method of moments quantile regression approach alongside long-run estimator and Granger causality approaches as robustness, we found that oil utilization and environmental technologies spur economic growth in the countries while environmental innovations hinder output. Yet, environmental technologies further moderate the positive effect of oil utilization on economic prosperity but the disservice effect of environmentalrelated technological innovation is further exemplified when such innovation is applied to the oil consumption network. Moreover, while a one-way Granger causality evidence is established from environmental technologies to economic output, there is statistical evidence of a bi-directional causal relationship from oil utilization and environmental-related technological innovation to economic output. The policy relevance of this study further unearths the importance of the valuation of cost-effectiveness and energy efficiency of economic inputs such as technology-related inputs, especially during the design and manufacturing process.
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
20704 - Energy and fuels
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Technological Forecasting and Social Change
ISSN
0040-1625
e-ISSN
1873-5509
Volume of the periodical
183
Issue of the periodical within the volume
October
Country of publishing house
US - UNITED STATES
Number of pages
9
Pages from-to
"Article Number: 121953"
UT code for WoS article
000848350500007
EID of the result in the Scopus database
2-s2.0-85136013323