TECHNOLOGICAL INNOVATION AND ECONOMIC GROWTH – FOCUS ON ENVIRONMENTAL PRESSURES

SUMMARY

The article presents the relationship between economic growth and environmental pressures, highlighting the role and importance of innovation. Following a comprehensive literature review, it is demonstrated through international practice that an environmentally responsive innovation ecosystem can effectively support both economic growth and sustainable development.

2023. SPECIAL ISSUE 2 2-8

DOI: 10.24387/CI.2023.SPECIAL ISSUE 2.1

Cikk megtekintése: http://controllerinfo.hu/wp-content/uploads/2024/02/ContrInf_beliv_kulonszam_2023_2-1.pdf

REFERENCES

Ala, Fathi Assi Aliya, Zhakanova Isiksal – Turgut, Tursoy (2021): Renewable energy consumption, financial development, environmental pollution, and innovations in the ASEAN 3 group: Evidence from (P-ARDL) model, Renewable Energy, Volume 165, Part 1, Pages 689-700, link: https://www.sciencedirect.com/science/article/pii/S096014812031795X letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.renene.2020.11.052  

Andrianarivo, Andriandafiarisoa Ralison Ny Avotra – Ahsan, Nawaz (2023): Asymmetric impact of transportation on carbon emissions influencing SDGs of climate change, Chemosphere, Volume 324, link: https://www.sciencedirect.com/science/article/pii/S0045653523005684 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.chemosphere.2023.138301 

Attiaoui, I. – Toumi, H. – Ammouri, B. et al. (2017): Causality links among renewable energy consumption, CO2 emissions, and economic growth in Africa: evidence from a panel ARDL-PMG approach. Environ Sci Pollut Res 24, 13036–13048. link: https://link.springer.com/article/10.1007/s11356-017-8850-7#citeas letöltve: 2023. 12. 21. DOI:   https://doi.org/10.1007/s11356-017-8850-7 

Behnaz, Saboori – Jamalludin, Sulaiman – Saidatulakmal, Mohd (2012): Economic growth and CO2 emissions in Malaysia: A cointegration analysis of the Environmental Kuznets Curve, Energy Policy, Volume 51, Pages 184-191, link: https://www.sciencedirect.com/science/article/pii/S0301421512007471 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.enpol.2012.08.065  

Bildirici, E.M. – Bakirtas, T. (2016): The relationship among oil and coal consumption, carbon dioxide emissions, and economic growth in BRICTS countries. J. Renew. Sustain. Energy, 8 (4), Article 045903. link: https://pubs.aip.org/aip/jrse/article-abstract/8/4/045903/841204/The-relationship-among-oil-and-coal-consumption?redirectedFrom=fulltext  letöltve: 2023. 12. 21. DOI: https://doi.org/10.1063/1.4955090

Bojan, Pejović – Vesna, Karadžić – Zdenka, Dragašević – Tamara, Backović (2021): Economic growth, energy consumption and CO2 emissions in the countries of the European Union and the Western Balkans, Energy Reports, Volume 7, Pages 2775-2783. link: https://www.sciencedirect.com/science/article/pii/S2352484721002894 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.egyr.2021.05.011

Borhan, H. – Ahmed, E.M. – Hitam, M. (2012): The impact of CO2 on economic growth in ASEAN 8. Procedia-Social and Behav. Sci., 35. pp. 389-397. link: https://www.sciencedirect.com/science/article/pii/S1877042812004156 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.sbspro.2012.02.103

Bwo-Nung, Huang – M.J. Hwang – C.W. Yang (2008): Causal relationship between energy consumption and GDP growth revisited: A dynamic panel data approach, Ecological Economics, Volume 67, Issue 1, Pages 41-54. link: https://www.sciencedirect.com/science/article/pii/S0921800907005344 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.ecolecon.2007.11.006 

Daniel, Balsalobre-Lorente – Oana, M. Driha – Nuno, Carlos Leitão – Muntasir, Murshed (2021): The carbon dioxide neutralizing effect of energy innovation on international tourism in EU-5 countries under the prism of the EKC hypothesis. Journal of Environmental Management, Volume 298. link: https://www.sciencedirect.com/science/article/pii/S0301479721015759 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jenvman.2021.113513

Dogan, E. – Turkekul, B. (2016): CO2 emissions, real output, energy consumption, trade, urbanization and financial development: testing the EKC hypothesis for the USA. Environ Sci Pollut Res 23, 1203–1213. link: https://link.springer.com/article/10.1007/s11356-015-5323-8#citeas letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s11356-015-5323-8 

Ebru, Beyza Bayarçelik – Fulya, Taşel (2012): Research and Development: Source of Economic Growth. Procedia – Social and Behavioral Sciences 58 pp. 744 – 753 link: https://www.sciencedirect.com/science/article/pii/S1877042812045144 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.sbspro.2012.09.1052

Eyup, Dogan – Fahri, Seker (2016): Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy, Renewable Energy, Volume 94, Pages 429-439. link: https://www.sciencedirect.com/science/article/pii/S0960148116302622#bib102 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.renene.2016.03.078

Faik, Bilgili – Emrah, Koçak – Ümit, Bulut (2016): The dynamic impact of renewable energy consumption on CO2 emissions: A revisited Environmental Kuznets Curve approach, Renewable and Sustainable Energy Reviews, Volume 54, Pages 838-845. link: https://www.sciencedirect.com/science/article/pii/S1364032115011594 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.rser.2015.10.080

Farhani, S. – Shahbaz, M. – Arouri, M.E.H. (2013): Panel analysis of CO2 emissions, GDP, energy consumption, trade openness and urbanization for MENA countries. link: https://mpra.ub.uni-muenchen.de/49258/1/MPRA_paper_49258.pdf letöltve: 2023. 12. 21.

Fengshuo, Liu – Youqing, Fan – Siying, Yang (2022): Environmental benefits of innovation policy: China’s national independent innovation demonstration zone policy and haze control. Journal of Environmental Management, Volume 317. link: https://www.sciencedirect.com/science/article/pii/S0301479722010386 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jenvman.2022.115465

Griffith, R. – Redding, S. – Reenen, J. V. (2004): Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries, The Review of Economics and Statistics, 86 (4), 883-895.

Griliches, Z. (1990): Patent Statistics as Economic Indicators: A Survey’, Journal of Economic Literature 28, 1661–1707.

Hui, Peng – Neng, Shen – Huanqin, Ying – Qunwei, Wang (2021): Can environmental regulation directly promote green innovation behavior?—— based on situation of industrial agglomeration. Journal of Cleaner Production, Volume 314. link: https://www.sciencedirect.com/science/article/pii/S0959652621022629 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jclepro.2021.128044

Ilhan, Ozturk – Ali, Acaravci (2010): CO2 emissions, energy consumption and economic growth in Turkey, Renewable and Sustainable Energy Reviews, Volume 14, Issue 9, Pages 3220-3225, link: https://www.sciencedirect.com/science/article/pii/S1364032110001851 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.rser.2010.07.005

Isaac, Adjei Mensah – Mei, Sun – Cuixia, Gao – Akoto, Yaw Omari-Sasu – Dongban, Zhu – Benjamin, Chris Ampimah – Alfred, Quarcoo (2019): Analysis on the nexus of economic growth, fossil fuel energy consumption, CO2 emissions and oil price in Africa based on a PMG panel ARDL approach, Journal of Cleaner Production, Volume 228. link: https://www.sciencedirect.com/science/article/pii/S0959652619313721 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jclepro.2019.04.281

Jarosław, Brodny – Magdalena, Tutak (2022): Analysis of the efficiency and structure of energy consumption in the industrial sector in the European Union countries between 1995 and 2019, Science of The Total Environment, Volume 808, link: https://www.sciencedirect.com/science/article/pii/S004896972107128X?via%3Dihub letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.scitotenv.2021.152052

Jiangxue, Zhang – Yuan, Chang – Lixiao, Zhang – Ding, Li (2018): Do technological innovations promote urban green development?—A spatial econometric analysis of 105 cities in China, Journal of Cleaner Production, Volume 182, Pages 395-403, link: https://www.sciencedirect.com/science/article/pii/S0959652618303731 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jclepro.2018.02.067

Jie, Yang – Yaozhong, Wang – Chang, Tang – Zhenhua, Zhang (2024): Can digitalization reduce industrial pollution? Roles of environmental investment and green innovation, Environmental Research, Volume 240, Part 1. link: https://www.sciencedirect.com/science/article/pii/S0013935123022466 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.envres.2023.117442

Kasperowicz, R. (2015): Economic growth and CO2 emissions: The ECM analysis J. Int. Stud., 8 (3) (2015), pp. 91-98. link: https://www.jois.eu/files/07_Kasperowicz.pdf letöltve: 2023. 12. 21. DOI: 10.14254/2071-8330.2015/8-3/7

Kim, S. (2019): CO2 emissions, foreign direct investments, energy consumption, and GDP in developing countries: a more comprehensive study using panel vector error correction model. Korean Econ. Rev., 35 (1) (2019), pp. 5-24. link: https://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20190101-35-1-01.pdf letöltve: 2023. 12. 21.

Kuznets, S. (1955): Economic growth and income inequality. The American Econ. Rev., 45 (1) (1955), pp. 1-28.

L. Loures – P. Ferreira (2019): Energy consumption as a condition for per capita carbon dioxide emission growth: The results of a qualitative comparative analysis in the European Union. Renewable and Sustainable Energy Reviews. Volume 110, Pages 220-225. link: https://www.sciencedirect.com/science/article/pii/S1364032119303144 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.rser.2019.05.008

Li, J. – Ye, S. (2021): Regional policy synergy and haze governance—empirical evidence from 281 prefecture-level cities in China. Environ Sci Pollut Res 28, 10763–10779. link: https://link.springer.com/article/10.1007/s11356-020-11251-8#citeas letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s11356-020-11251-8

M. Burke, et al. (2016): Opportunities for advances in climate change economics. Science (American Association for the Advancement of Science), 352 (6283) (2016), pp. 292-293, link: https://www.science.org/doi/10.1126/science.aad9634 letöltve: 2023. 12. 21. DOI: 10.1126/science.aad9634

Madaleno, M. – Moutinho, V. (2018): Effects decomposition: separation of carbon emissions decoupling and decoupling effort in aggregated EU-15. Environ Dev Sustain 20 (Suppl 1), 181–198 (2018). link: https://link.springer.com/article/10.1007/s10668-018-0238-4#citeas letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s10668-018-0238-4 

Magazzino, C. (2014): A panel VAR approach of the relationship among economic growth, CO2 emissions, and energy use in the ASEAN-6 countries. J. Energy Econ. Policy, 4, pp. 546-553. link: https://dergipark.org.tr/en/download/article-file/361341 letöltve: 2023. 12. 21. ISSN: 2146-4553

Magazzino, C. (2016): CO2 emissions, economic growth, and energy use in the middle east countries: A panel VAR approach. Energy Sources, Part B: Econ. Plan. Policy, 11 (10), pp. 960-968. link: https://www.tandfonline.com/doi/full/10.1080/15567249.2014.940092?needAccess=true letöltve: 2023. 12. 21. DOI: https://doi.org/10.1080/15567249.2014.940092

Mansfield, E. (1972): Contribution of Research and Development to Economic Growth of the United States’, Papers and Proceedings of a Colloquim on Research and Development and Economic Growth Productivity, National Science Foundation, Washington, DC.

Maria, Thompson (2018): Social capital, innovation and economic growth, Journal of Behavioral and Experimental Economics, Volume 73, Pages 46-52, link: https://www.sciencedirect.com/science/article/pii/S2214804318300375 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.socec.2018.01.005

Mehmet, Adak (2015): Technological Progress, Innovation and Economic Growth; the Case of Turkey, Procedia – Social and Behavioral Sciences, Volume 195, link: https://www.sciencedirect.com/science/article/pii/S1877042815039579 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.sbspro.2015.06.478

Mert, M. – Bölük, G. – Çağlar, A.E. (2019): Interrelationships among foreign direct investments, renewable energy, and CO2 emissions for different European country groups: a panel ARDL approach. Environ Sci Pollut Res 26, 21495–21510. link: https://link.springer.com/article/10.1007/s11356-019-05415-4#citeas letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s11356-019-05415-4 

Mingming, Zhang – Wing-Keung, Wong – Thai, Thi Kim Oanh – Iskandar, Muda – Saiful, Islam – Sanil, S. Hishan – Shamansurova, Zilola Abduvaxitovna (2023): Regulating environmental pollution through natural resources and technology innovation: Revisiting the environment Kuznet curve in China through quantile-based ARDL estimations. Resources Policy, Volume 85, Part A. link: https://www.sciencedirect.com/science/article/pii/S0301420723004993 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.resourpol.2023.103788

Monika, Papież – Sławomir, Śmiech – Katarzyna, Frodyma (2021): The role of energy policy on the decoupling processes in the European Union countries, Journal of Cleaner Production, Volume 318. link: https://www.sciencedirect.com/science/article/pii/S0959652621026950 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jclepro.2021.128484

Nadiri, I. (1993): Innovations and Technological Spillovers, Working Paper 423, National Bureau of Economic Research, Cambridge, MA.

Neeraj, Dhanraj Bokde – Bo, Tranberg – Gorm, Bruun Andresen (2021): Short-term CO2 emissions forecasting based on decomposition approaches and its impact on electricity market scheduling. Applied Energy, Volume 281. link: https://www.sciencedirect.com/science/article/pii/S0306261920314926 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.apenergy.2020.116061

Patrícia, Pereira da Silva – Pedro, André Cerqueira – Wojolomi, Ogbe (2018): Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL, Energy, Volume 156, Pages 45-54. link: https://www.sciencedirect.com/science/article/pii/S0360544218308880 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.energy.2018.05.068

Poh, Kam Wong – Yuen, Ping Ho – Erkko, Autio (2005): Entrepreneurship, Innovation and Economic Growth: Evidence from GEM data. Small Business Economics 24: 335–350 link: https://link.springer.com/article/10.1007/s11187-005-2000-1 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s11187-005-2000-1 

Romer, P. M. (1986): Increasing Returns and Long Run Growth, Journal of Political Economy 94, 1002–1037.

Romer, P. M. (1990): Endogenous Technological Change, Journal of Political Economy 98, S71–S102.

Rosa, Puertas – Luisa, Marti (2022): Renewable energy production capacity and consumption in Europe, Science of The Total Environment, Volume 853, link: https://www.sciencedirect.com/science/article/pii/S0048969722056911?via%3Dihub letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.scitotenv.2022.158592

Schumpeter, J. A. (1911): Theorie der wirtschaftlichen Entwicklung. Eine Untersuchung ueber Unternehmergewinn, Kapital, Kredit, Zins und den Konjunkturzyklus, Berlin: Duncker und Humblot; translated by Redvers Opie, 1934 & 1963, The Theory of Economic Development: an Inquiry into Profits, capital, credit, Interest and the Business Cycle, Oxford: Oxford university Press.

Schumpeter, J. A. (1942): Capitalism, Socialism and Democracy, New York: Harper and Row.

Sebastian, Acevedo – Mico, Mrkaic – Natalija, Novta – Evgenia, Pugacheva – Petia, Topalova (2020): The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?, Journal of Macroeconomics, Volume 65, link: https://www.sciencedirect.com/science/article/pii/S0164070420301336 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jmacro.2020.103207

Shaari, M.S. – Abdul, Karim Z. – Zainol, Abidin N. (2020): The effects of energy consumption and national output on CO2 emissions: new evidence from OIC countries using a panel ARDL analysis. Sustainability., 12 (8), p. 3312. link: https://www.mdpi.com/2071-1050/12/8/3312 letöltve: 2023. 12. 21. DOI: https://doi.org/10.3390/su12083312

A. Sharif – S.A. Raza – I. Ozturk – S. Afshan (2019): The dynamic relationship of renewable and nonrenewable energy consumption with carbon emission: a global study with the application of heterogeneous panel estimations. Renew Energy, 133 (2019), pp. 685-691, link: https://www.sciencedirect.com/science/article/pii/S0960148118312369 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.renene.2018.10.052

Shyla, Del-Aguila-Arcentales – Aldo, Alvarez-Risco – Jaime, A. Yáñez (2023): Innovation and its effects on compliance with Sustainable Development Goals and competitiveness in European Union countries. Journal of Open Innovation: Technology, Market, and Complexity. Volume 9, Issue 3. link: https://www.sciencedirect.com/science/article/pii/S2199853123002299 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.joitmc.2023.100127

Solarin, S.A. – Al-Mulali, U. – Ozturk, I. (2017): Validating the environmental kuznets curve hypothesis in India and China: The role of hydroelectricity consumption Renew. Sustain. Energy Rev., 80, pp. 1578-1587. link: https://www.sciencedirect.com/science/article/pii/S1364032117310973 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.rser.2017.07.028

Solow, R. M. (1956): A Contribution to the Theory of Economic Growth, Quarterly Journal of Economics 70, 65–94.

Todaro, M. P. (1997), Economic Development.(6th ed.). New York: Longman, (Chapter 4).

Török, László (2023): Ambivalent changes in the correlation of energy consumption and economic growth in the member states of the European Union (2010–2019), Heliyon, Volume 9, Issue 3, link: https://www.sciencedirect.com/science/article/pii/S2405844023017577 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.heliyon.2023.e14550

Usama, Al-mulali – Che, Normee Binti Che Sab (2012): The impact of energy consumption and CO2 emission on the economic growth and financial development in the Sub Saharan African countries, Energy, Volume 39, Issue 1, Pages 180-186. link: https://www.sciencedirect.com/science/article/pii/S0360544212000370 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.energy.2012.01.032

Vincenzo, Bianco –  Furio, Cascetta – Sergio, Nardini (2024): Analysis of the carbon emissions trend in European Union. A decomposition and decoupling approach, Science of The Total Environment, Volume 909. link: https://www.sciencedirect.com/science/article/pii/S0048969723071565#bb0100 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.scitotenv.2023.168528

Xiang, Cai – Bangzhu, Zhu – Haijing, Zhang – Liang, Li – Meiying, Xie (2020): Can direct environmental regulation promote green technology innovation in heavily polluting industries? Evidence from Chinese listed companies. Science of The Total Environment, Volume 746. link: https://www.sciencedirect.com/science/article/pii/S0048969720343345 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.scitotenv.2020.140810

Xiaobing, Zhao – Mason, Gerety – Nicolai, V. Kuminoff (2018): Revisiting the temperature-economic growth relationship using global subnational data, Journal of Environmental Management, Volume 223, Pages 537-544, link: https://www.sciencedirect.com/science/article/pii/S0301479718306649 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jenvman.2018.06.022

Xie, G. – Cui, Z. – Ren, S. et al. (2023): Pathways to carbon neutrality: how do government corruption and resource misallocation affect carbon emissions? Environ Sci Pollut Res 30, 40283–40297. link: https://link.springer.com/article/10.1007/s11356-023-25179-2#citeas letöltve: 2023. 12. 21. DOI: https://doi.org/10.1007/s11356-023-25179-2

Yifei, Cai – Chung, Yan Sam – Tsangyao, Chang (2018): Nexus between clean energy consumption, economic growth and CO2 emissions, Journal of Cleaner Production, Volume 182, Pages 1001-1011. link: https://www.sciencedirect.com/science/article/pii/S095965261830341X#bib7 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.jclepro.2018.02.035

Yunfeng, Shang – Ding, Han – Giray, Gozgor – Mantu, Kumar Mahalik – Bimal, Kishore Sahoo (2022): The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States, Renewable Energy, Volume 197, Pages 654-667, link:  https://www.sciencedirect.com/science/article/pii/S0960148122011363 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.renene.2022.07.159

Zakaria, Zoundi (2017): CO2 emissions, renewable energy and the Environmental Kuznets Curve, a panel cointegration approach. Renewable and Sustainable Energy Reviews. Volume 72, May, Pages 1067-1075. link: https://www.sciencedirect.com/science/article/pii/S1364032116306682 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.rser.2016.10.018

Zhang, Tao – ZhiXiang, Ren – Yadi, Chen – Xiaoyue, Huang – Xiaojun, Liu (2023): Pathway to sustainable economic growth: Linkage among energy consumption, carbon emissions, climate change and technological innovation, Energy Strategy Reviews, Volume 50. link: https://www.sciencedirect.com/science/article/pii/S2211467X23002031#fig1 letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.esr.2023.101253

Zheming, Yan – Zao, Sun – Rui, Shi – Minjuan, Zhao (2023): Smart city and green development: Empirical evidence from the perspective of green technological innovation, Technological Forecasting and Social Change, Volume 191, link: https://www.sciencedirect.com/science/article/pii/S0040162523001920?via%3Dihub letöltve: 2023. 12. 21. DOI: https://doi.org/10.1016/j.techfore.2023.122507