Unveiling the effect of transport infrastructure and technological innovation on economic growth, energy consumption and CO2 emissions

Acheampong, Alex O.; Dzator, Janet; Dzator, Michael; Salim, Ruhul

doi:10.1016/j.techfore.2022.121843

Cited by 104 publications

(26 citation statements)

References 116 publications

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“…Feedback hypothesis supported by many studies, e.g., Gyimah et al (2022) for Ghana, Shahbaz et al (2022) for China, Shabani et al (2022) for ECO member countries, Okumus, Guzel and Destek (2021) for Khan I et al (2022) for South Asian countries, Destek (2015) for Türkiye. Studies that highlight support for conservative assumptions include Wang and Lee (2022) for China, Usman et al (2022) For eight Arctic countries, Xue et al (2022) for French and Acheampong et al (2022) for the European Union. However, studies exposed to the neutrality hypothesis are Amin and Song (2022) for South and East Asian countries, Xu et al (2022) for China, Hossein et al (2022) for India, Khan M. B et al (2022) for G-7 economies, Destek and Aslan (2017) for Colombia and Thailand.…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: An empirical investigation of the impact of renewable and non-renewable energy consumption and economic growth on climate change, evidence from emerging Asian countries

Zhao¹,

Zhang

Ali

et al. 2023

Front. Environ. Sci.

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One of the greatest challenges facing humanity in the current millennium is the need to mitigate climate change, and one of the most viable options to overcome this challenge is to invest in renewable energy. The study dynamically examines the impact of renewable and non-renewable energy consumption and economic growth on climate change, using Augmented Mean Group (AMG) technique in emerging Asian countries during the period 1975–2020. The estimated results show that the consumption of renewable energy sources significantly mitigates climate change, while the consumption of non-renewable energy sources significantly contributes to climate change. Furthermore, economic growth, investment in transport infrastructure, and urbanization significantly accelerate climate change in specific emerging Asian countries. The results further demonstrate the validity of the inverted U-shaped EKC hypothesis in emerging Asian economies. Country-specific analysis results using AMG estimates shows that renewable energy consumption reduces climate change for all specific emerging Asian countries. However, the consumption of non-renewable energy sources and investments in transport infrastructure have significant incremental impacts on climate change in all countries. Urbanization contributes significantly to climate change, with the exception of Japan, which does not have any significant impact on climate change. The significant progressive effect of GDP and the significant adverse impact of GDP2 on climate change confirm the validity of the inverted U-shaped EKC hypothesis in India, China, Japan, and South Korea. Moreover, the Dumitrescu and Hurlin causality test confirmed a pairwise causal relationship between non-renewable energy consumption and GDP, supporting the feedback hypothesis. According to the empirical analysis of this study, the best strategy for climate change mitigation in specific emerging countries in Asia is to transition from non-renewable energy to renewable energy.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: An empirical investigation of the impact of renewable and non-renewable energy consumption and economic growth on climate change, evidence from emerging Asian countries

Zhao¹,

Zhang

Ali

et al. 2023

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…Considering that the majority of emerging nations are producers of nonrenewable resources, such as fossil fuels, the adverse impact of economic expansion on environmental quality prompts us to think about the key factors influencing economic growth in Brazil. Several studies, including Adedoyin et al (2021), Acheampong et al (2022), Chen et al (2019) and Destek and Sinha (2020) reported similar result.…”

Section: Results Of Dynamic Ardlsupporting

confidence: 61%

“…First, most growth theories emphasize the importance of technological advancements in breaking through growth constraints. Examples include the technical advancements made by New Growth and Neoclassical theorists, as well as the technological interference seen in the Malthusian theory of population growth (Acheampong et al, 2022). The demanding problems provided by growth to the ecosystem are extrapolated from the intervening roles of technology in addressing concerns surrounding growth theories.…”

Section: Introductionmentioning

confidence: 99%

Determinants of load capacity factor in an emerging economy: The role of green energy consumption and technological innovation

Olanrewaju²,

Agyekum³

et al. 2022

Front. Environ. Sci.

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Brazil’s ability to provide safe and dependable resources that can assist the nation achieve its goal of becoming carbon neutral by 2060 will have a significant impact on the nation’s sustainable development. Therefore, this study performs ARDL and frequency domain causality tests to evaluate the effect of disintegrated energy, technological innovation and economic growth on load capacity factor in South Africa between 1990 and 2018. The ARDL bounds test affirms a long-run interrelationship between the selected indicators in South Africa. The long-run elasticities show that economic expansion and nonrenewable energy deteriorate ecological quality, while green energy and technological innovation significantly boost ecological quality. The results of the frequency causality show that in the long-term, renewable energy, economic growth, technological innovation and nonrenewable energy Granger cause load capacity factor suggesting that the regressors can forecast the environmental quality in South Africa. Overall, these results demonstrate the significance of renewable energy in the fight against ecological deterioration. According to the aforementioned findings, South Africa’s environmental damage may be greatly reduced by renewable energy.

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“…There are two main ways in which government subsidies for business innovation are beneficial. Government subsidies, on the one hand, encourage businesses to increase their investment in technological innovation while lowering the cost of technological innovation (Pan et al, 2021 ; Acheampong et al, 2022 ; Wang and Zheng, 2022 ; Zahoor et al, 2022 ). Due to the significant sunk costs associated with innovation and the unpredictability of the results, some businesses choose not to pursue it (Vértesy, 2017 ; Mezzanotti and Simcoe, 2019 ; Lin et al, 2021 ).…”

Section: Literature Reviewmentioning

confidence: 99%

‘Guidance' or ‘Misleading'? The government subsidy and the choice of enterprise innovation strategy

Ding

Wang²,

Liu³

et al. 2022

Front. Psychol.

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Government subsidies have a direct impact on firms' innovation strategies. The game relationship between the government, the subsidized firm and its competitors under different subsidy strategies affects firms' innovation behavior and thus innovation performance. This paper uses a dynamic evolutionary game theory approach based on cost-benefit differences to analyse the mechanisms by which government subsidy strategies affect firms' innovation strategies. It is found that the marginal benefits of a firm's innovation strategy will directly affect the game outcome, indicating that the choice of innovation strategy depends on the maximization of individual firm's interests. At the same time, a firm's innovation strategy is influenced by the firm's own innovation ability and competitors' innovation strategy, and there are two game equilibria. Government subsidies have a positive contribution to the innovation strategy choice of subsidized firms, but have a crowding-out effect on non-subsidized competing firms. The strength of the penalty (the efficiency of the implementation of government subsidies), the marginal revenue of the subsidized firms' rational use of government subsidies and the competitors' strategic choices will directly affect the game outcome.

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Unveiling the effect of transport infrastructure and technological innovation on economic growth, energy consumption and CO2 emissions

Cited by 104 publications

References 116 publications

RETRACTED: An empirical investigation of the impact of renewable and non-renewable energy consumption and economic growth on climate change, evidence from emerging Asian countries

RETRACTED: An empirical investigation of the impact of renewable and non-renewable energy consumption and economic growth on climate change, evidence from emerging Asian countries

Determinants of load capacity factor in an emerging economy: The role of green energy consumption and technological innovation

‘Guidance' or ‘Misleading'? The government subsidy and the choice of enterprise innovation strategy

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