Original scientific paper
https://doi.org/10.1080/1331677X.2023.2167223
A pathway to the green revolution in emerging economies: how does green technological innovation affect green growth and ecological sustainability?
Dinkneh Gebre Borojo
Jiang Yushi
Zhang Hongyu
Luo Xiao
Miao Miao
Abstract
Green technological innovation (G.T.I.) contributes to making
economic growth compatible with ecological sustainability
(E.S.). Thus, in light of environmental challenges and attempts of
emerging economies’ progress toward a green revolution, this
study examines the effects of G.T.I. on green growth (G.G). and
E.S. for 25 emerging economies from 1990 to 2018. It also investigates
the moderating role of G.T.I. on the impacts of energy
intensity and foreign direct investment (F.D.I.) on G.G. and E.S. to
illustrate the energy rebound effect and pollution haven hypothesis.
The Fully modified least square (F.M.O.L.S.), the Dynamic
least square (D.O.L.S.), and the Pooled mean group autoregressive
distributed lag (P.M.G./A.R.D.L.) estimators are used. The
findings imply that G.T.I. positively impacts G.G. and E.S. in
emerging economies. Conversely, F.D.I. and energy intensity
have adverse effects on G.G. and E.S. However, the negative
effects of F.D.I. and energy intensity on G.G. and E.S. are decreasing
with respect to G.T.I., implying that emerging countries promoting
G.T.I. minimize the pollution haven effects of F.D.I. and
mitigate the negative effect of energy intensity. Therefore, G.T.I.
is a vital factor to facilitate the pathway to the green revolution
in emerging economies. Policy implications are forwarded based
on the findings of the study.
Keywords
Green growth; ecological sustainability; green technological innovation; emerging economies
Hrčak ID:
306481
URI
Publication date:
31.3.2023.
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