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Original scientific paper

https://doi.org/10.1080/1331677X.2022.2142821

Entrepreneurship and environmental sustainability in highly polluting Asian economies: the role of eco-innovation

Chuanbo Xing
Xitao Liu
Ilhan Ozturk


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Abstract

We aim to investigate the impact of environmental entrepreneurship
and green innovations on CO2 emissions in highly polluting
Asian economies. For empirical estimation, we have applied ARDL
and NARDL models. In the short run, the linear estimates of environmental
entrepreneurship are significant in China and India. The
short-run non-linear estimates of environmental entrepreneurship
are significant in the case of China, India, and Japan. Similarly, the
short-run linear estimates of green innovations are significant in
China, India, and Japan, whereas the non-linear estimated coefficients
of green innovation appeared to be significant in India,
Japan, and Russia. In the long run, the linear estimates of environmental
entrepreneurship are negative and significant in three
countries, namely China, Japan, and Russia. Similarly, the estimates
of green innovations are negative and significant in China,
India, Japan, and Russia. In the non-linear model, the estimated
coefficients of positive shock in environmental entrepreneurship
are significant and negative in the case of China, India, and
Japan; while, the estimates of negative shock in environmental
entrepreneurship are negative and significant in India only.

Keywords

Entrepreneurship; green innovation; CO2 emissions

Hrčak ID:

306793

URI

https://hrcak.srce.hr/306793

Publication date:

30.4.2023.

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