Role of research and development in green economic growth through renewable energy development: Empirical evidence from South Asia
文献类型： 外文期刊
作者： Fang, Wei 1 ; Liu, Zhen 2 ; Putra, Ahmad Romadhoni Surya 3 ;
作者机构： 1.Guangdong Acad Agr Sci, Inst Agr Econ & Informat, Guangzhou 510640, Peoples R China
2.Nanjing Normal Univ, Sch Business, Nanjing 210023, Peoples R China
3.Univ Gadjah Mada, Fac Anim Sci, Jl Fauna 3 Bulaksumur, Yogyakarta 55281, Indonesia
关键词： Research and development (R & D) and industrialization; OLS; South Asia
期刊名称：RENEWABLE ENERGY （ 影响因子：8.634； 五年影响因子：8.394 ）
ISSN： 0960-1481
年卷期： 2022 年 194 卷
页码：
收录情况： SCI
摘要： The study focuses on examining the impact of R & D and industrialization on green economic growth. Financial assistance for environmentally friendly initiatives, the advancement of new technologies, and the growth of a green economy may all be achieved via green financing. Because of this, it is a key driver of green economic development and industrial structural change. This investigates the impact of renewable energy, R & D, and industrialization on the green economic growth of the South Asian region from 2008 to 2020. The endogeneity of this connection is addressed using a two-step ordinary least square (O.L.S.). The findings show that upgrading industries and R & D reduce carbon emissions and achieve green economic recovery. As a result, 33.4% of the energy was saved, and 35.2% of the emissions were reduced. The partial mediation impact findings show the policy's affecting framework. The empirical results showed that technology spillover had the most responsibility to minimize tiers of CO2 emissions, accompanied by improvements in industrial structure change. Our findings suggest that developing nations gain more from the industrialization initiative than developed countries because of the stronger economic impacts of the strategy. (c) 2022 Elsevier Ltd. All rights reserved.
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