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Nexuses Between Technological Innovations, Macro-environmental and Economic Factors

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Emerging Green Theories to Achieve Sustainable Development Goals

Part of the book series: Industrial Ecology ((IE))

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Abstract

Considering the recent decline in economic growth and trade, it has become crucial to explore factors that can help boost economies to recover from deficits. Hence, this research examines macro-economic factors determining trade performance in the China from 1975 to 2020. The ARDL test analyzes the association of trade volume with technological innovations, FDI, RE consumption, carbon emissions, and IND. The results reveal that, FDI and carbon emissions are found to be significantly associated with trade only in the long run. Findings also reveal that industry value added is a crucial determinant of China’s trade in the short run. Most importantly, technological innovation is a significant determinant of China’s trade in both the short and long run. Overall, this research concludes that FDI and technological innovations could be crucial for any economy to recover from the economic deficits. Developing country such as China must aggressively attract foreign investments and promote technological innovations to recover and enhance their economic performance to achieve long-run goals.

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Authors and Affiliations

  1. School of Management and Engineering, Xuzhou University of Technology, Xuzhou, China

    Syed Abdul Rehman Khan & Muhammad Jawad Sajid

  2. School of Economics and Management, Chang’an University, Xi’an, China

    Yu Zhang

Authors
  1. Syed Abdul Rehman Khan
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  2. Muhammad Jawad Sajid
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  3. Yu Zhang
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© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Khan, S.A.R., Sajid, M.J., Zhang, Y. (2023). Nexuses Between Technological Innovations, Macro-environmental and Economic Factors. In: Emerging Green Theories to Achieve Sustainable Development Goals. Industrial Ecology. Springer, Singapore. https://doi.org/10.1007/978-981-99-6384-3_7

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