Estimating the Effects of Economic Complexity and Technological Innovations on CO2 Emissions: Policy Instruments for N-11 Countries
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
Estimating the Effects of Economic Complexity and Technological Innovations on CO2 Emissions: Policy Instruments for N-11 Countries
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| Автор |
Yu, J.
Ju, F. Wahab, M. Agyekum, E. B. Matasane, C. Uhunamure, S. E. |
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| Тематика |
CO2 EMISSIONS
ECONOMIC COMPLEXITY ECONOMIC GROWTH N-11 NATIONS TECHNOLOGICAL INNOVATIONS CARBON EMISSION ECONOMIC DEVELOPMENT ENVIRONMENTAL DEGRADATION ENVIRONMENTAL POLICY RESEARCH AND DEVELOPMENT SUSTAINABILITY |
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| Описание |
Every year, the problem of environmental degradation becomes more severe globally. It is widely believed that technological innovation and economic complexity are understood as structural transformations toward a more sophisticated and knowledge-based means of production as a viable way to fight against climate change. However, the studies integrating these two elements into the same environmental policy framework are still scant. With this in view, this study investigates the dynamic linkage between economic complexity, technological innovations, economic growth, and nonrenewable energy on CO2 emissions in the N-11 nations. This study uses data from 1980 to 2020. It applies the recent method of cross-sectional autoregressive distributed lags (CS-ARDL). The cointegration method shows a strong association among the variables. The findings of the CS-ARDL show that technological innovations are negatively related to environmental degradation, while nonrenewable energy deteriorates the environment by escalating CO2 emissions. This study fails to validate the EKC in the N-11 nations. In addition, economic complexity is helping these economies to achieve environmental sustainability by lowering environmental pollution. Based on the findings, this work recommends that the N-11 countries restructure their industrial sectors with low-carbon energy sources. For this purpose, these countries should increase their research and development budgets. This will help in launching environmentally friendly energy sources in their economic development model. © 2022 by the authors.
Ministry of Education and Science of the Russian Federation, Minobrnauka, (FEUZ-2022-0031) Cape Peninsula University of Technology, CPUT Ministerstwo Edukacji i Nauki, MNiSW, (323/22, N 975.42) The APC was funded by Cape Peninsula University of Technology. The research funding from the Ministry of Science and Higher Education of the Russian Federation (Ural Federal University Program of Development within the Priority-2030 Program) is gratefully acknowledged: Grant number: FEUZ-2022-0031. The research funding from the Ministry of Science and Higher Education of the Russian Federation <> Grant number: N 975.42. Young Scientist laboratory. 323/22. |
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| Дата |
2024-04-08T11:07:43Z
2024-04-08T11:07:43Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Yu, J, Ju, F, Wahab, M, Agyekum, EB, Matasane, C & Uhunamure, SE 2022, 'Estimating the Effects of Economic Complexity and Technological Innovations on CO2 Emissions: Policy Instruments for N-11 Countries', Sustainability, Том. 14, № 24, 16856. https://doi.org/10.3390/su142416856
Yu, J., Ju, F., Wahab, M., Agyekum, E. B., Matasane, C., & Uhunamure, S. E. (2022). Estimating the Effects of Economic Complexity and Technological Innovations on CO2 Emissions: Policy Instruments for N-11 Countries. Sustainability, 14(24), [16856]. https://doi.org/10.3390/su142416856 2071-1050 Final All Open Access; Gold Open Access https://www.mdpi.com/2071-1050/14/24/16856/pdf?version=1671105094 https://www.mdpi.com/2071-1050/14/24/16856/pdf?version=1671105094 http://elar.urfu.ru/handle/10995/131505 10.3390/su142416856 85144829384 000904147900001 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by https://creativecommons.org/licenses/by/4.0/ |
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| Формат |
application/pdf
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| Издатель |
MDPI
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| Источник |
Sustainability
Sustainability (Switzerland) |
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