Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2026241
Socio-economic and environmental drivers of green innovation: evidence from nonlinear ARDL
Cheng Jin
Mohsin Shahzad
Abaid Ullah Zafar
Norazah Mohd Suki
Sažetak
The adoption of green technology is imperative to realise sustainable development. Considering the same, this study explores
the drivers of Green Innovation (GI) based on the theoretical
foundation of the Triple Bottom Line (environmental, social, and
economic factors) with the integration of information and communication technologies (ICT) and institutional governance (INST) in
Pakistan. This study employs a nonlinear autoregressive distributed
lag (NARDL) framework on quarterly data from Q1-1996 to Q4-
2019. The results reveal that positive shocks in human capital
(HCI) instigate GI by 1.05%, while negative shock undermines GI
by 0.93%. Similarly, positive shocks in carbon dioxide (CO2) emissions increase GI by 0.63%, while any negative shock undermines
GI by 0.01%. On the other hand, positive shock in ICT leads to
0.55% advanced GI; however, this effect turned stronger in negative shocks, which leads to reduced GI by 0.78% in the long-run.
These results confirm the asymmetricity because positive and
negative shocks in HCI, CO2 emissions, and ICT instigated GI differently. Finally, INST and GDP contribute to enhancing GI by 0.12%
and 1.69%, respectively. The results indicate that the Pakistan government should improve institutional governance, adapt, and
focus on sustainable practices with ICT integration to promote
green technologies.
Ključne riječi
Green innovation; environmental sustainability; information and communication technologies; carbon dioxide emissions; sustainable development
Hrčak ID:
302848
URI
Datum izdavanja:
31.3.2023.
Posjeta: 695 *