Does Outward Foreign Direct Investment Influence Renewable Energy Innovation Technology? The Role of Environmental Policy and Research & Development in Belt and Road Initiative Regions

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43926915" target="_blank" >RIV/62156489:43110/25:43926915 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1016/j.sftr.2025.100595" target="_blank" >https://doi.org/10.1016/j.sftr.2025.100595</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.sftr.2025.100595" target="_blank" >10.1016/j.sftr.2025.100595</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does Outward Foreign Direct Investment Influence Renewable Energy Innovation Technology? The Role of Environmental Policy and Research & Development in Belt and Road Initiative Regions

Popis výsledku v původním jazyce

This study addresses the research gap in understanding the interplay between outward foreign direct investment (OFDI), environmental policy (ENPO), and research and development (REDE) in driving renewable energy innovation technology (REIT) within the Belt and Road Initiative (BRI) countries. Despite the growing emphasis on sustainable development, limited research has explored how these factors collectively influence REIT across diverse economic and regulatory landscapes. Using data from 2005 to 2022, this study provides empirical insights into their dynamic relationships, offering a comprehensive perspective on the mechanisms shaping renewable energy innovation in BRI nations. Using panel cointegration, the Panel Autoregressive Distributed Lag (ARDL) model and causality analysis on data from 13 BRI economies reveal that OFDI hinders REIT as international investments divert capital from domestic renewable energy. However, stringent ENPO fosters environmentally friendly technology, benefiting long-term development. Knowledge spillovers from OFDI and REDE support REIT in the short term. The study highlights reciprocal links between OFDI and ENPO and how REIT influences investments and environmental regulations, demonstrating complex interactions. Coordinated policies promoting foreign investment, R&amp;D, strict environmental regulations, and regional cooperation are recommended to maximize socioeconomic benefits from REIT. The findings emphasize the BRI&apos;s potential to accelerate sustainable development through strategic alignment of financial, technological, and regulatory frameworks.

Název v anglickém jazyce

Does Outward Foreign Direct Investment Influence Renewable Energy Innovation Technology? The Role of Environmental Policy and Research & Development in Belt and Road Initiative Regions

Popis výsledku anglicky

This study addresses the research gap in understanding the interplay between outward foreign direct investment (OFDI), environmental policy (ENPO), and research and development (REDE) in driving renewable energy innovation technology (REIT) within the Belt and Road Initiative (BRI) countries. Despite the growing emphasis on sustainable development, limited research has explored how these factors collectively influence REIT across diverse economic and regulatory landscapes. Using data from 2005 to 2022, this study provides empirical insights into their dynamic relationships, offering a comprehensive perspective on the mechanisms shaping renewable energy innovation in BRI nations. Using panel cointegration, the Panel Autoregressive Distributed Lag (ARDL) model and causality analysis on data from 13 BRI economies reveal that OFDI hinders REIT as international investments divert capital from domestic renewable energy. However, stringent ENPO fosters environmentally friendly technology, benefiting long-term development. Knowledge spillovers from OFDI and REDE support REIT in the short term. The study highlights reciprocal links between OFDI and ENPO and how REIT influences investments and environmental regulations, demonstrating complex interactions. Coordinated policies promoting foreign investment, R&amp;D, strict environmental regulations, and regional cooperation are recommended to maximize socioeconomic benefits from REIT. The findings emphasize the BRI&apos;s potential to accelerate sustainable development through strategic alignment of financial, technological, and regulatory frameworks.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Sustainable Futures

ISSN

2666-1888

e-ISSN

2666-1888

Svazek periodika

9

Číslo periodika v rámci svazku

June

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

14

Strana od-do

100595

Kód UT WoS článku

001466393200001

EID výsledku v databázi Scopus

2-s2.0-105002023768