The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability
In this study, we examine the long-run effect of environmental-related technological innovation, institutional quality, trade openness, energy consumption, and economic growth on CO2 emissions in APEC countries from 2004 to 2018. Firstly, panel unit root tests were used to explore the stationarity o...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2023-04-01
|
| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2023.1174827/full |
| _version_ | 1797843466423631872 |
|---|---|
| author | Mohsin Shabir Iftikhar Hussain Özcan Işık Kamran Razzaq Iqra Mehroush |
| author_facet | Mohsin Shabir Iftikhar Hussain Özcan Işık Kamran Razzaq Iqra Mehroush |
| author_sort | Mohsin Shabir |
| collection | DOAJ |
| description | In this study, we examine the long-run effect of environmental-related technological innovation, institutional quality, trade openness, energy consumption, and economic growth on CO2 emissions in APEC countries from 2004 to 2018. Firstly, panel unit root tests were used to explore the stationarity of each data series. The panel unit root test findings showed that all data series are stationary at the first difference. Second, the Westerlund panel cointegration test was used to deal with heterogeneity and cross-sectional dependence. Thirdly, the empirical findings from the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators indicate that environmental-related technological innovation and institutional quality destructively affect CO2 emissions. In contrast, trade openness, energy consumption, and economic growth positively impact CO2 emissions. While causality analysis refers to the unidirectional causality runs from trade openness, energy consumption to CO2 emission and bidirectional causality relationships are between technological innovation, institutional quality, GDP, CO2 emission. Based on the findings, we proposed that APEC countries should raise investment in environmental-related technological innovation and improve the quality of the institutional environment to achieve sustainable development targets. |
| first_indexed | 2024-04-09T17:05:42Z |
| format | Article |
| id | doaj.art-bcbce770442e46a9939d73b8c18cc659 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-09T17:05:42Z |
| publishDate | 2023-04-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-bcbce770442e46a9939d73b8c18cc6592023-04-20T16:57:28ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2023-04-011110.3389/fenvs.2023.11748271174827The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainabilityMohsin Shabir0Iftikhar Hussain1Özcan Işık2Kamran Razzaq3Iqra Mehroush4Shandong University of Finance and Economics, Jinan, ChinaUniversity of Kotli Azad Jammu and Kashmir, Kotli, PakistanDepartment of Finance and Banking, Sivas Cumhuriyet University, Sivas, TürkiyeNorthumbria University, Newcastle, United KingdomQuaid-i-Azam University, Islamabad, PakistanIn this study, we examine the long-run effect of environmental-related technological innovation, institutional quality, trade openness, energy consumption, and economic growth on CO2 emissions in APEC countries from 2004 to 2018. Firstly, panel unit root tests were used to explore the stationarity of each data series. The panel unit root test findings showed that all data series are stationary at the first difference. Second, the Westerlund panel cointegration test was used to deal with heterogeneity and cross-sectional dependence. Thirdly, the empirical findings from the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators indicate that environmental-related technological innovation and institutional quality destructively affect CO2 emissions. In contrast, trade openness, energy consumption, and economic growth positively impact CO2 emissions. While causality analysis refers to the unidirectional causality runs from trade openness, energy consumption to CO2 emission and bidirectional causality relationships are between technological innovation, institutional quality, GDP, CO2 emission. Based on the findings, we proposed that APEC countries should raise investment in environmental-related technological innovation and improve the quality of the institutional environment to achieve sustainable development targets.https://www.frontiersin.org/articles/10.3389/fenvs.2023.1174827/fullinstitutional qualitytechnological innovationCO2 emissionssustainable developmentAPEC countries |
| spellingShingle | Mohsin Shabir Iftikhar Hussain Özcan Işık Kamran Razzaq Iqra Mehroush The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability Frontiers in Environmental Science institutional quality technological innovation CO2 emissions sustainable development APEC countries |
| title | The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability |
| title_full | The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability |
| title_fullStr | The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability |
| title_full_unstemmed | The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability |
| title_short | The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability |
| title_sort | role of innovation in environmental related technologies and institutional quality to drive environmental sustainability |
| topic | institutional quality technological innovation CO2 emissions sustainable development APEC countries |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2023.1174827/full |
| work_keys_str_mv | AT mohsinshabir theroleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT iftikharhussain theroleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT ozcanisık theroleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT kamranrazzaq theroleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT iqramehroush theroleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT mohsinshabir roleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT iftikharhussain roleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT ozcanisık roleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT kamranrazzaq roleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability AT iqramehroush roleofinnovationinenvironmentalrelatedtechnologiesandinstitutionalqualitytodriveenvironmentalsustainability |