How FDI and technology innovation mitigate CO2 emissions in high-tech industries: evidence from province-level data of China

Zhao-cheng, Wang; Gao, Lijuan; Wei, Zixiang; Majeed, Abdul; Alam, Iqbal

doi:10.1007/s11356-021-15946-4

Cited by 64 publications

(31 citation statements)

References 91 publications

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“…Furthermore, the TI coefficient has a negative and significant effect on EF, revealing that a 1% rise in TI reduced the EF by −0.055%. Thus, the TI outcomes minimized the EF through eco-friendly technologies and supported the existing findings Wang et al [ 12 , 80 ], in contrast with [ 5 ]. The elasticity of FD was also significant and negative, indicating that a 1% influence in FD reduced the EF by 0.031%.…”

Section: Resultssupporting

confidence: 83%

The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies

Zuo

Zhu

et al. 2021

IJERPH

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Until recently, many countries’ policies were motivated by economic growth; however, few strategies were developed to prevent environmental deterioration including reducing the ecological footprint. In this context, the purpose of this study was to analyze the role of natural resource rents, technological innovation, and financial development on the ecological footprint in 90 Belt and Road Initiative (BRI) economies. This research divided the BRI economies into high income, middle-income, and low-income levels to capture income differences. This research used the second-generation panel unit root, cointegration, and augmented mean group estimators to calculate the robust and reliable outcomes. Based on the annual data from 1991 to 2018, the findings show that natural resource rents drastically damage the quality of the environment, whereas technological innovations are helpful in reducing ecological footprint. Moreover, the outcome of the interaction term (natural resource rents and technological innovations) negatively impacts the ecological footprint. Interestingly, these findings were similar in the three income groups. In addition, financial development improved environmental quality in the middle-income BRI economies, but reduced it in high-income, low-income, and full sample countries. Furthermore, the Environmental Kuznets Curve (EKC) concept has been validated across all BRI economies. Policymakers in BRI countries should move resources away from resource-rich sectors of industries/manufacturing sectors to enhance/promote economic growth and use these NRRs efficiently for a progressive, sustainable environment. Based on these findings, several efficient policy suggestions are proposed.

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Section: Resultssupporting

confidence: 83%

The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies

Zuo

Zhu

et al. 2021

IJERPH

View full text Add to dashboard Cite

show abstract

“…Furthermore, The TE coefficient has a negative and significant effect on EF, revealing that a 1% rise in TE reduces the EF by -0.050%. Thus, the TE outcomes minimized the EF through eco-friendly technologies and supported the existing findings Wang et al [11,87] in contrast with [5]. The elasticity of GLO is also significant and negative, indicating that a 1% influence in GLO reduces the EF by 0.026%.…”

Section: Plos Onesupporting

confidence: 82%

Roles of natural resources, globalization, and technological innovations in mitigation of environmental degradation in BRI economies

Majeed

et al. 2022

PLoS ONE

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The environmental issue has become a global problem that needs to be examined frequently, motivating researchers to investigate it. Thus, the present study has investigated the asymmetric impact of natural resources, technological innovation, and globalization on the ecological footprint in the presence of environmental Kuznets curve (EKC) in Belt and Road Initiative (BRI) economies. This research divided the BRI economies into high income, middle-income, and low-income levels to capture income differences. The study has used annual time series data from 1990 to 2018. The study applied a novel Augmented Mean Group estimators method to calculate the robust and reliable outcomes. The findings show that natural resources drastically damage the environment quality, whereas technological innovations are helpful in reducing environmental degradation. Moreover, the result of the interaction term (natural resources and technological innovations) negatively impacts the ecological footprint. Interestingly, these findings are similar in the three income groups. In addition, globalization improves environmental quality in the middle-income BRI economies but reduces in high-income, low-income, and full sample countries. Furthermore, the Environmental Kuznets Curve (EKC) concept has been validated across all BRI economies. In line with these findings, several relevant policies are recommended for a sustainable environment in the BRI economies.

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“…By using market-oriented measures such as sanitation surcharges, carbon pollution trading costs, and environmental taxes, the state, through market incentive environmental regulation, supports different market entities to Frontiers in Environmental Science frontiersin.org proactively maintain a sustainable environment because of the benefits this has for society as a whole (Xu and Xu, 2022). In general, market-based environmental regulation increases ecological integrity indirectly by employing financial means to increase polluters' financial costs (Wang L. et al, 2022c). As a result, the state creates environmental standards focused on taxing fossil fuel consumption and manufacturing.…”

Section: Theoretical Framework Of Co 2 Emissions and Environmental Re...mentioning

confidence: 99%

“…An examination of the energy utilization structure reveals that environmental regulation will cause businesses to use less fossil fuel and emit less CO 2 . Environmental regulation's impact on energy structure, however, may have a contradictory result (Wang et al, 2022c). According to some researchers, the adoption of environmental regulations will expedite the expansion and deployment of fossil fuels as a source of energy.…”

Section: Theoretical Framework Of Co 2 Emissions and Environmental Re...mentioning

confidence: 99%

The asymmetric effect of technological innovation on CO2 emissions in South Africa: New evidence from the QARDL approach

Udeagha

Ngepah²

2022

Front. Environ. Sci.

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The asymmetric impact of technological innovation on carbon dioxide (CO2) emissions in South Africa from 1960 to 2020 is evaluated in this study. We apply the newly established quantile autoregressive distributed lag (QARDL) methodology to deal with distributional asymmetry based on the location of CO2 emissions within its own distribution. This distinguishes our analysis from earlier studies in the following way. In contrast to other studies, this research uses the QARDL technique to assess the long-term stability across the quantiles, resulting in a more adaptable econometric analysis than the traditional frameworks. In order to capture the trade share in South Africa’s GDP and the quantity of trade compared to world trade, we employ a novel measure of trade openness. We find that 1) technological innovation helps reduce CO2 emissions in the short term and over the long term; 2) the scale effect worsens CO2 emissions, whereas the technique effect enhances it, supporting the existence of an environmental Kuznets curve (EKC) hypothesis; 3) energy consumption, foreign direct investment (FDI), and industrial added value degrade environmental quality; and 4) increasing trade openness is glaringly harmful to the environment over the long term, despite being beneficial in the short term; 5) there are long-term, asymmetric linkages between CO2 emissions, scale effect, technique effect, technological innovation, energy use, FDI, and trade openness; 6) industrial value-added, scale effect, technique effect, technical innovation, energy usage, FDI, and trade openness Granger-cause CO2 emissions over the medium, long, and short terms indicate the significance of these variables in determining CO2 emissions. Based on our empirical findings, this study makes the case that South Africa’s government and policymakers should consider the importance of innovative technologies as a sustainable source of advancements in attaining energy security and promoting ecological integrity in the nation.

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How FDI and technology innovation mitigate CO2 emissions in high-tech industries: evidence from province-level data of China

Cited by 64 publications

References 91 publications

The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies

The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies

Roles of natural resources, globalization, and technological innovations in mitigation of environmental degradation in BRI economies

The asymmetric effect of technological innovation on CO2 emissions in South Africa: New evidence from the QARDL approach

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