On interaction of the energy: Human capital Kuznets curve? A case for technology innovation
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On the eve of depleting energy resources and global warming, there is a sincere push by OECD and other economies toward the sustainable energy consumption. This change of perception is mainly coined with the aim to change in attitude of people for the posterity. This study sets to evaluate the effect of development in human capital on the selection of renewable and non-renewable energy consumption. Further, this study put insights into the interaction effect of technology innovation to propose an early turning point for the energy—human capital Kuznets curve for OECD and non-OECD emerging countries. Panel FGLS model confirms the presence of the Kuznets curve for both OECD and non-OECD emerging countries, and there is an evidence of the supportive moderating role of technology innovation. Further practical implications are discussed.
KeywordsEnergy sustainability Human Development Index (HDI) Oil prices Exchange rate
JEL ClassificationO3 Q2 Q3
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