Can innovation shocks determine CO2 emissions (CO2e) in the OECD economies? A new perspective
By Manzoor Ahmad, Zeeshan Khan, Zia Ur Rahman, Shoukat Iqbal Khattak, Zia Khan. Economics of Innovation and New Technology, 2019
288 citations recorded by the source corpus.
ABSTRACT This study has attempted to address prior knowledge gaps in the environmental economics literature by integrating the innovation shocks into the Environment Kuznets Curve (EKC) equation for twenty-six OECD economies using data from 1990 to 2014. Foreign direct investment (FDI), exports (EXP), renewable energy consumption (REC), and GDP per capita were included as control variables. The results from multiple empirical analyses indicated that positive shocks to innovation improve, but the negative shocks disrupt environmental quality. Data analyses also showed that a positive correlation exists between income per capita of OECD economies. From the negative coefficient of income per capita (squared) and the existence of a negative nexus between FDI and CO2e, both the EKC and the Pollution Halo Hypothesis (PHH) were confirmed in sampled economies, respectively. The paper offers empirical support for the favourable impacts of REC on the quality of the environment and calls for the adoption of innovation shocks as a policy instrument to formulate better environmental policies for a sustainable future.
Subfields: Economics and Econometrics, Environmental Engineering
View Paper: https://www.semanticscholar.org/paper/0ba51499ca601fc9aef4f0987293ee12c3cd6d91
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Citations in the corpus
- Asymmetric impact of fiscal decentralization and environmental innovation on carbon emissions: Evidence from highly decentralized countries (2021, background): “Besides the studies debated above, the inverse association between innovation and environment has also been reported for the US, EU, and China,75 BRICS,76 and economies of OECD.77 756 Energy & Environment 33(4) Zhang et al.78 explained the heterogeneous effects of fiscal decentralization from the vi”