THE TECHNOLOGY INNOVATION PARADOX IN ASIA'S LEADING INNOVATIVE ECONOMIES: THE IMPORTANCE OF RENEWABLE ENERGY AND GREEN FINANCING

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A106231" target="_blank" >RIV/60460709:41110/25:106231 - isvavai.cz</a>

Výsledek na webu

<a href="https://journals.vilniustech.lt/index.php/TEDE/article/view/23722" target="_blank" >https://journals.vilniustech.lt/index.php/TEDE/article/view/23722</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3846/tede.2025.23722" target="_blank" >10.3846/tede.2025.23722</a>

Jazyk výsledku

angličtina

Název v původním jazyce

THE TECHNOLOGY INNOVATION PARADOX IN ASIA'S LEADING INNOVATIVE ECONOMIES: THE IMPORTANCE OF RENEWABLE ENERGY AND GREEN FINANCING

Popis výsledku v původním jazyce

The present study investigates the influence of green energy, technological innovation, financial development, natural resources, trade, and economic growth on environmental quality in four technologically innovative economies in Asia using data from 1990 to 2021. By adopting a holistic approach, it addresses gaps in the literature that often focus on isolated factors or regions. The findings provide actionable insights for policymakers to reconcile economic growth with ecological sustainability, offering a blueprint for sustainable development in Asia's technological hubs. The Panel ARDL approach is used to evaluate the impacts in both the long and short term. Furthermore, we performed robustness tests using panel least squares, panel FMOLS, and panel DOLS techniques. The study's findings indicate that technological innovation, financial development, and trade all have a long-term positive impact on environmental quality in Asia's technologically innovative economies. However, green energy, natural resources, and economic progress had a negative impact on CO2 emissions. The findings from panel least squares, panel FMOLS, and DOLS also showed that technological innovation, financial development, and trade enhance the environmental quality. This investigation aims to assist policymakers in creating comprehensive plan that promotes environmental sustainability via technological improvements and renewable energy sources, with an emphasis on economic growth.

Název v anglickém jazyce

THE TECHNOLOGY INNOVATION PARADOX IN ASIA'S LEADING INNOVATIVE ECONOMIES: THE IMPORTANCE OF RENEWABLE ENERGY AND GREEN FINANCING

Popis výsledku anglicky

The present study investigates the influence of green energy, technological innovation, financial development, natural resources, trade, and economic growth on environmental quality in four technologically innovative economies in Asia using data from 1990 to 2021. By adopting a holistic approach, it addresses gaps in the literature that often focus on isolated factors or regions. The findings provide actionable insights for policymakers to reconcile economic growth with ecological sustainability, offering a blueprint for sustainable development in Asia's technological hubs. The Panel ARDL approach is used to evaluate the impacts in both the long and short term. Furthermore, we performed robustness tests using panel least squares, panel FMOLS, and panel DOLS techniques. The study's findings indicate that technological innovation, financial development, and trade all have a long-term positive impact on environmental quality in Asia's technologically innovative economies. However, green energy, natural resources, and economic progress had a negative impact on CO2 emissions. The findings from panel least squares, panel FMOLS, and DOLS also showed that technological innovation, financial development, and trade enhance the environmental quality. This investigation aims to assist policymakers in creating comprehensive plan that promotes environmental sustainability via technological improvements and renewable energy sources, with an emphasis on economic growth.

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

2025

Kód důvěrnosti údajů

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

Název periodika

Technological and Economic Development of Economy

ISSN

2029-4913

e-ISSN

2029-4913

Svazek periodika

31

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

26

Strana od-do

1953-1978

Kód UT WoS článku

001592512300001

EID výsledku v databázi Scopus

2-s2.0-105022887127