Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

RENEWABLE ENERGY

ISSN

0960-1481

e-ISSN

0960-1481

Svazek periodika

217

Číslo periodika v rámci svazku

2023-11-01

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

8

Strana od-do

—

Kód UT WoS článku

001070839700001

EID výsledku v databázi Scopus

2-s2.0-85168992045