Central European sustainable economy: The role of green finance, technological innovation, and circular economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F25%3A63599801" target="_blank" >RIV/70883521:28120/25:63599801 - isvavai.cz</a>
Result on the web
<a href="https://dspace.tul.cz/handle/15240/177919" target="_blank" >https://dspace.tul.cz/handle/15240/177919</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/001/2025-3-003" target="_blank" >10.15240/tul/001/2025-3-003</a>
Alternative languages
Result language
angličtina
Original language name
Central European sustainable economy: The role of green finance, technological innovation, and circular economy
Original language description
The European Green Deal has clarified the need to evaluate the factors affecting the ecological footprint and find strategies to reduce their impact. The study evaluates the correlation between green finance, technological innovation, circular economy, urbanization, energy consumption, economic progress, and ecological footprint. It analyzes data from Central European communities from 1990 to 2022, using robust econometric evaluations, including common correlated effect mean group (CCEMG) and augmented mean group (AMG) models, along with an initial examination of cross-sectional dependence, unit roots, cointegration, and slope heterogeneity. The findings highlight that a reduction in ecological footprints can be achieved through technological innovation, green finance, and a circular economy. In contrast, energy consumption, urbanization, and economic development tend to increase the ecological footprint. Advanced models such as fully modified ordinary least square (FMOLS) and Driscoll and Kraay (DSK) support these findings. The causality analysis revealed the unidirectional and bidirectional relationship between variables. Based on these outcomes, the study recommends that Central European countries implement suitable policies to push the transition toward a sustainable economy.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
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
E+M. Ekonomie a Management
ISSN
1212-3609
e-ISSN
2336-5064
Volume of the periodical
28
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
18
Pages from-to
32-49
UT code for WoS article
001597492300013
EID of the result in the Scopus database
2-s2.0-105016610311