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Innovation for carbon mitigation: a hoax or road toward green growth? Evidence from newly industrialized economies

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Abstract

The research explores the nexus between technological innovation and green growth in nine newly industrialized (NI) countries for the period from 2000 to 2016. Cross-sectional dependence and unit root tests are preliminary conducted. Pedroni’s panel cointegration and fully modified OLS (FMOLS) confirm the existence of long-run variables association. The outcome from IPAT, STIRPAT, and MLR reveals that production and processing-related technologies are harmful to green growth. Climate change mitigation technologies linked to transportation, water treatment, and processing have a positive impact on green growth. However, energy consumption, generation, and transmission technologies hurt the environment. Similarly, energy consumption in the agriculture sector adds in greenhouse gas emission, whereas, renewable energy is contributing positively to green production and growth. Environmental taxes and research and development budgets are playing a decisive role in the pursuit of green growth. The results have significant policy implications for policymakers, which can lead to green growth.

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Data availability

The datasets used and/or analyzed during the current study are available from the corresponding author on reasonable request.

Notes

  1. Each country’s share of CO2 emission, October, 2019, available at https://www.ucsusa.org/resources/each-countrys-share-co2-emissions

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Authors and Affiliations

  1. School of Economics and Management, Zhejiang Normal University, Jinhua, Zhejiang, China

    Adnan Khurshid

  2. School of Economics and Management, North China University of Technology, Beijing, China

    Adnan Khurshid & Xin Deng

Authors
  1. Adnan Khurshid
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  2. Xin Deng
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Contributions

Conceptualization: Adnan Khurshid; Methodology: Xin Deng; Formal analysis and investigation: Xin Deng; Writing—original draft preparation: Adnan Khurshid; Writing—review and editing: Adnan Khurshid, Funding acquisition: No Funding; Resources: Adnan Khurshid; Supervision: Adnan Khurshid.

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Correspondence to Adnan Khurshid or Xin Deng.

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All authors contributed to the study conception and design. Both authors read and approved the final manuscript.

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Responsible editor: Nicholas Apergis

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Khurshid, A., Deng, X. Innovation for carbon mitigation: a hoax or road toward green growth? Evidence from newly industrialized economies. Environ Sci Pollut Res 28, 6392–6404 (2021). https://doi.org/10.1007/s11356-020-10723-1

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