Assessing the impact of the economic complexity on the ecological footprint in G7 countries: Fresh evidence under human development and energy innovation processes

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101581" target="_blank" >RIV/60460709:41110/24:101581 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S1342937X23000941" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1342937X23000941</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.gr.2023.03.017" target="_blank" >10.1016/j.gr.2023.03.017</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Assessing the impact of the economic complexity on the ecological footprint in G7 countries: Fresh evidence under human development and energy innovation processes

Popis výsledku v původním jazyce

The G-7 economies include economically developed countries on a global scale. The high economic complexity and ecological behaviour of these countries have led to increased concern in other countries within the conjuncture. For this reason, this study investigates the impact of economic complexity, human development, high innovation processes, and renewable energy consumption on the ecological footprint, presenting as the main novelty the damper effect that human development and innovation processes exert on economic complexity and the global effect on the ecological footprint. This empirical evidence is analyzed under the validation of a U -inverted EKC ' s behaviour between ecological footprint and economic complexity for 1991-2018. Our study follows a second -generation perspective that generates reliable and robust results using Cup-FMOLS, Konya panel bootstrap causality and panel VAR analyses under cross-sectional dependence and slope heterogeneity. The long -run elasticity estimates calculated with the Cup-FMOLS approach suggest that economic complexity, human development, high innovation process and interaction variables reduce the ecological footprint. The unidirectional causality from economic complexity and human development to ecological footprint, as well as from economic complexity and human development to the high innovation process, is part of the Konya bootstrap causality test. In addition, a bidirectional causality linkage is revealed between renewable energy consumption and ecological footprint, human development and high innovation process. In G-7 countries, where economic complexity is higher than in other countries, it is crucial to improve environmental quality to ensure sustainable development. The findings show that sustainable development in G-7 countries can be accelerated by improving renewable energy sources, R&D investments and social dimension.

Název v anglickém jazyce

Assessing the impact of the economic complexity on the ecological footprint in G7 countries: Fresh evidence under human development and energy innovation processes

Popis výsledku anglicky

The G-7 economies include economically developed countries on a global scale. The high economic complexity and ecological behaviour of these countries have led to increased concern in other countries within the conjuncture. For this reason, this study investigates the impact of economic complexity, human development, high innovation processes, and renewable energy consumption on the ecological footprint, presenting as the main novelty the damper effect that human development and innovation processes exert on economic complexity and the global effect on the ecological footprint. This empirical evidence is analyzed under the validation of a U -inverted EKC ' s behaviour between ecological footprint and economic complexity for 1991-2018. Our study follows a second -generation perspective that generates reliable and robust results using Cup-FMOLS, Konya panel bootstrap causality and panel VAR analyses under cross-sectional dependence and slope heterogeneity. The long -run elasticity estimates calculated with the Cup-FMOLS approach suggest that economic complexity, human development, high innovation process and interaction variables reduce the ecological footprint. The unidirectional causality from economic complexity and human development to ecological footprint, as well as from economic complexity and human development to the high innovation process, is part of the Konya bootstrap causality test. In addition, a bidirectional causality linkage is revealed between renewable energy consumption and ecological footprint, human development and high innovation process. In G-7 countries, where economic complexity is higher than in other countries, it is crucial to improve environmental quality to ensure sustainable development. The findings show that sustainable development in G-7 countries can be accelerated by improving renewable energy sources, R&D investments and social dimension.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

GONDWANA RESEARCH

ISSN

1342-937X

e-ISSN

1342-937X

Svazek periodika

127

Číslo periodika v rámci svazku

Neuvedeno

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

20

Strana od-do

226-245

Kód UT WoS článku

001169515100001

EID výsledku v databázi Scopus

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