Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A96879" target="_blank" >RIV/60460709:41110/23:96879 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.1016/j.gr.2023.02.023" target="_blank" >https://doi.org/10.1016/j.gr.2023.02.023</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.gr.2023.02.023" target="_blank" >10.1016/j.gr.2023.02.023</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries
Popis výsledku v původním jazyce
Economic progress has tended to influence the procedures of industrialization, which has augmented the assessment of exploited renewable energy-intensive resources through the appliance of technology. Exhaustive deployment of these renewable energy-intensive resources through technological innovation, financial development, foreign direct investment (FDI), and non-renewable and alternative energy can have a significant influence on the environment. In view of this concern, this research scrutinizes the effect of technological innovations, financial development, renewable and non-renewable energy, and FDI inflows, on ecological footprint in the case of 14 developing European Union economies. To do this, panel data for these countries from 1995 to 2020 are used. Due to the presence of cross-sectional depen-dency and slope heterogeneity, this research utilizes a battery of second-generation panel econometric tests, namely the Augmented Mean Group (AMG), and Common Correlated Effects Mean Group (CCEMG) estimators to discover the emphasized association. From the estimated evidence, renewable energy and technological innovation both mitigate the level of environmental degradation while financial development, non-renewable energy use and FDI contribute to the increase of environmental degrada-tion in the long-run. Based on estimated evidences, these emerging European nations are enjoined to practice clean technology development without concession for ecological eminence in the selected coun-tries. Finally, several vital policy/strategies suggestions are proposed from the bases of empirical evidence to promote financial development, green technological innovations, resources of renewable energy use, and foreign direct investment.(c) 2023 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.
Název v anglickém jazyce
Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries
Popis výsledku anglicky
Economic progress has tended to influence the procedures of industrialization, which has augmented the assessment of exploited renewable energy-intensive resources through the appliance of technology. Exhaustive deployment of these renewable energy-intensive resources through technological innovation, financial development, foreign direct investment (FDI), and non-renewable and alternative energy can have a significant influence on the environment. In view of this concern, this research scrutinizes the effect of technological innovations, financial development, renewable and non-renewable energy, and FDI inflows, on ecological footprint in the case of 14 developing European Union economies. To do this, panel data for these countries from 1995 to 2020 are used. Due to the presence of cross-sectional depen-dency and slope heterogeneity, this research utilizes a battery of second-generation panel econometric tests, namely the Augmented Mean Group (AMG), and Common Correlated Effects Mean Group (CCEMG) estimators to discover the emphasized association. From the estimated evidence, renewable energy and technological innovation both mitigate the level of environmental degradation while financial development, non-renewable energy use and FDI contribute to the increase of environmental degrada-tion in the long-run. Based on estimated evidences, these emerging European nations are enjoined to practice clean technology development without concession for ecological eminence in the selected coun-tries. Finally, several vital policy/strategies suggestions are proposed from the bases of empirical evidence to promote financial development, green technological innovations, resources of renewable energy use, and foreign direct investment.(c) 2023 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2023
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
GONDWANA RESEARCH
ISSN
1342-937X
e-ISSN
1342-937X
Svazek periodika
119
Číslo periodika v rámci svazku
JUL 2023
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
15
Strana od-do
138-152
Kód UT WoS článku
000966109100001
EID výsledku v databázi Scopus
2-s2.0-85150937738