The Links between Environmental Innovation and Environmental Performance: Evidence for High- and Middle-Income Countries

Choi, Jung Yun; Han, Doo Bong

doi:10.3390/su10072157

Cited by 26 publications

(15 citation statements)

References 35 publications

(48 reference statements)

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“…Moreover, patents negatively and significantly affects the CO 2 emissions at 1% significance level, implies that a unit increase in patents decreases by 23% to 33% CO 2 emissions in ASEAN countries. Our results are similar to Choi and Han [54] and Dinda [46].…”

Section: Panel Fmols and Dols Resultssupporting

confidence: 91%

Impact of Economic Openness and Innovations on the Environment: a New Look into ASEAN Countries

Hu¹,

Ali²,

Malik³

et al. 2021

Pol. J. Environ. Stud.

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This study aims to investigate the effects of economic openness and innovations on the environment of ASEAN countries for 1990-2014. We have employed several techniques for empirical analysis. To examine cross-sectional dependence and unit root test, we have used the Pesaran CD test and Pesaran CIPS unit root test. Pedroni and Kao and Westurland cointegration tests have been employed to confirm the cointegration among the variables. For estimations of long-run relationship, we have utilized DOLS and FMOLS techniques. Moreover, to determine the causality directions, we have employed Dumitrescu-Hurlin causality test. The results of the study show that energy use and trade openness significantly increase CO 2 emissions in ASEAN countries. On the other hand, FDI, GDP and patents markedly depress CO 2 emissions. The findings depict that energy use and trade openness harm the environment by escalating CO 2 emissions while FDI, GDP and patents improve the environment by depressing CO 2 emissions. Therefore, policy-makers should encourage investment in renewable energy sources and boost green trade openness in ASEAN countries.

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Section: Panel Fmols and Dols Resultssupporting

confidence: 91%

Impact of Economic Openness and Innovations on the Environment: a New Look into ASEAN Countries

Hu¹,

Ali²,

Malik³

et al. 2021

Pol. J. Environ. Stud.

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“…For brevity, we do not present the coefficients of control variables and confine our discussion using LNPATENT and LNINVENT (The results are qualitative similar using LNGRANT). In Panel A, the coefficients of PLEDGE_DUM and PLEDGE_RATIO are consistently negative and significant at the 1% level for the subsamples of low HHI5 in columns (1,2,5,6), while the same coefficients are not significant for the subsamples of high HHI5 in columns (3,4,7,8). Hence, the impact of SP on innovation is more pronounced for firms with controlling shareholders that are marginally more likely to lose ownership control in the case where the lender liquidates pledged shares.…”

Section: Micro-foundation Of Testable Hypothesismentioning

confidence: 89%

“…In addition, our study is also motivated by the fact that innovation plays an important role in sustainable development of a country (Choi and Han [8]; Krozer and Nentjes [9]; Silvestre and Tirca [10]). The world economy has grown rapidly over the past decades, while pollution and climate change problems have become more severe than ever before.…”

Section: Introductionmentioning

confidence: 99%

Do Controlling Shareholders Who Pledged Their Shares Affect Sustainable Development? An Investigation Based on the Perspective of Corporate Innovation

2019

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We examine the impact of share pledging (SP) on a firm’s innovation using a sample of Chinese firms. Our findings show that when controlling shareholders pledged their shares in personal loans, their firm’s innovation decreases. Our findings are robust for alternative metrics of innovation and SP. Additional analyses suggest that when controlling shareholders have little ownership or stock price volatility is high, the impact of SP on corporate innovation magnifies, presumably due to the high margin call risk of share against the pledged controlling shareholders. Overall, our study shows that the self-interest of controlling shareholders with pledged shares impedes corporate innovation, thereby impeding the sustainable development of society.

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“…Some of the studies found the mixed or negative impact of technological innovation on CO2 emissions. In a study of a panel data of 33 high-income and 36 middle-income countries, Choi and Han (2018) demonstrated that environmental innovations lessen CO2 and SO2 emissions in high-income countries whereas, it is not the fact for middle-income countries. Their investigation also revealed that trade increases SO2 and CO2 emissions in middleincome countries.…”

Section: Literature On Technology-co2 Emissionsmentioning

confidence: 99%

“…The investigations conducted by Ang (2009); Sohag et al (2015); Ameer and Munir (2016); Salahuddin et al (2016); Yan et al (2017); Kahouli (2018); Khan et al (2018); Mensah et al (2018); Miao et al (2018); Xu and Lin (2018) revealed that different proxies of technology have a positive effect on environmental quality. Some of the scholars discovered the mixed or negative impact of technology on environmental quality (Choi and Han, 2018;Park et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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2019

Asian Economic and Financial Review

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The aim of this study is to investigate the impact of Trade openness, Technological Innovation, and Economic growth on the Environmental deterioration of China and India over the period of 1974-2016. These two largest transitional and emerging countries of Asia have gained miraculous development in many sectors but at the cost of Environmental deterioration. We have applied the ARDL Bounds Test methodology and Toda-Yamamoto Granger Non-Causality test to determine the short-run and long-run relationships of the variables. The results of the study illustrate that Technological innovation has a significant positive impact and Economic growth has a strong 0adverse effect on the Environmental deterioration of China in the long-run. But it is not so strong in the short-run. In the case of India, Trade openness and Economic growth have a significant positive impact and Technological innovation has a strong negative effect on Environmental deterioration in the long-run. The selected macroeconomic explanatory variables have a significant impact on the Environmental deterioration of India in the short-run as well. The results of ARDL bounds test are also supported by Toda-Yamamoto Granger Non-Causality test. To compare China and India, Trade openness has a significant impact on the Environmental deterioration of India, but it is not factual for China. In addition, Technological innovation and Economic growth have an inverse relationship on the Environmental deterioration of both the Countries. The findings of this study have an important policy implication for China and India. Contribution/ Originality: The contributions of this study in the existing literature are: it has examined the impact of Trade, Technology, and growth on the Environmental deterioration of the two largest transitional and emerging economies of Asia: China and India. We have applied the ARDL Bounds method and Toda-Yamamoto Granger Non-Causality test and illustrated that Trade has a significant impact on the Environmental deterioration of India, but it is not factual for China. Technology and growth have an inverse relationship on the Environmental deterioration of both the Countries.

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The Links between Environmental Innovation and Environmental Performance: Evidence for High- and Middle-Income Countries

Cited by 26 publications

References 35 publications

Impact of Economic Openness and Innovations on the Environment: a New Look into ASEAN Countries

Impact of Economic Openness and Innovations on the Environment: a New Look into ASEAN Countries

Do Controlling Shareholders Who Pledged Their Shares Affect Sustainable Development? An Investigation Based on the Perspective of Corporate Innovation

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