Original scientific paper
https://doi.org/10.1080/1331677X.2022.2080744
The role of ecological consequences of green energy in developed and developing economies
Quyen Doan Thuc,
Khoa Dang Duong
Quynh Doan Huong
Nguyen Ho Viet Anh
Thanh Quang Ngo
Thanh Xuan Bui
Abstract
Recently, green energy has been a significant factor in the technology
changes that require researchers’ emphasis. Thus, this
study examines the impact of green energy such as renewable
energy production, energy import and renewable energy consumption
on the technological changes. The current article also
investigates the role of economic factors (control variables) such
as economic growth and population growth on the technological
changes. The present research has selected ten developed and
ten developing countries and extracted the data from 2008 to
2019. This article adopted fixed-effect model (FEM), robust standard
error and generalized method of moments (GMM) to examine
the association between the variables. The results indicated that
green energy, such as renewable energy production and renewable
energy consumption, along with economic factors such as
economic growth, have a positive association with technological
changes. The results also indicated that energy import and population
growth have a negative association with technological
changes. This article guides the regulators while developing
effective policies regarding technological changes in the country.
Keywords
Green energy; renewable energy production; energy import; renewable energy consumption; technological changes; economic growth
Hrčak ID:
303760
URI
Publication date:
31.3.2023.
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