Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2028177
A nexus between the rule of law, green innovation, growth and sustainable environment in top Asian countries: fresh insights from heterogeneous panel estimation
Ling Lin
Hsu-Ling Chang
Imran Shahzad
Nazneen Waseem
Sažetak
The intricacies revolving around Environmental Governance is the
prime issue of this century. For this, researchers and practitioners
have always strived for viable solutions that are not just efficient
in terms of their productivity, but are also innovative in nature, so
that they have the least possible repercussions to the ecological
wellbeing. Therefore, the present study aims to explore the relevancy of the rule of law and green innovation, while also ascertaining the economic growth among the top Asian countries
from 1995 to 2018. Moreover, the relevancy of the Environment
Kuznets Curve (EKC) is also validated by the help of the advanced
and latest estimation techniques; specifically, the Cross-section
augmented autoregressive distributed lags test (CS-ARDL). Based
on the findings from the CS-ARDL, the rule of law, and the concept of green innovation have been reported to have a negative
association with each other. Additionally, the EKC hypothesis is
found to be legitimate and relevant as well. Based on the findings, creating awareness has been recommended for establishing
the rule of law. Whereas, more assistance and investments have
also been recommended in order to achieve a higher level of
Research and Development, which can then enhance the level of
green innovation.
Ključne riječi
Rule of law; green innovation; sustainable environment; carbon emissions; Asian countries; CS-ARDL
Hrčak ID:
302853
URI
Datum izdavanja:
31.3.2023.
Posjeta: 210 *