Socio-economic and environmental drivers of green innovation

Evidence from nonlinear ARDL

Bibliographic Data

ID15068465
AuthorsCheng Jin (0000-0002-0903-1685, Shaoxing University, corresponding author), Mohsin Shahzad (0000-0002-2101-8619, Dalian University of Technology), Abaid Ullah Zafar (0000-0001-7328-9771, Shenzhen-Audencia Business School, Shenzhen University, Shenzhen, P.R. China), Norazah Mohd Sukı (0000-0002-8422-2449, Northern University of Malaysia), Norazah Mohd Suki (Northern University of Malaysia)
Year2022
Volume35
Issue1
Pages5336-5356
Publication date2022-12-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2026241
OpenAlexW4207080746
LanguageEN
Citations received2
References cited55

The adoption of green technology is imperative to realise sustainable development. Considering the same, this study explores the drivers of Green Innovation (GI) based on the theoretical foundation of the Triple Bottom Line (environmental, social, and economic factors) with the integration of information and communication technologies (ICT) and institutional governance (INST) in Pakistan. This study employs a nonlinear autoregressive distributed lag (NARDL) framework on quarterly data from Q1-1996 to Q4-2019. The results reveal that positive shocks in human capital (HCI) instigate GI by 1.05%, while negative shock undermines GI by 0.93%. Similarly, positive shocks in carbon dioxide (CO2) emissions increase GI by 0.63%, while any negative shock undermines GI by 0.01%. On the other hand, positive shock in ICT leads to 0.55% advanced GI; however, this effect turned stronger in negative shocks, which leads to reduced GI by 0.78% in the long-run. These results confirm the asymmetricity because positive and negative shocks in HCI, CO2 emissions, and ICT instigated GI differently. Finally, INST and GDP contribute to enhancing GI by 0.12% and 1.69%, respectively. The results indicate that the Pakistan government should improve institutional governance, adapt, and focus on sustainable practices with ICT integration to promote green technologies

Biology · Business · Corporate governance · Distributed lag · Econometrics · Economics · Empirical evidence · Geography · Greenhouse gas · Information and Communications Technology · Management · Political science · Social capital · Structural equation modeling · Computer Science · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Innovation Diffusion and Forecasting · Ecology

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