Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies.
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| Názov: | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies. |
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| Autori: | Yu M; Jiangxi Modern Polytechnic College Nanchang 330095 China., Farooq U; School of Economics and Finance Xi'an Jiaotong University Xi'an Shaanxi Province 710049 P. R. China., Tabash MI; College of Business Al Ain University Al Ain 64141 United Arab Emirates., Aljughaiman AA; Finance Department School of Business King Faisal university Al hafouf 31982 Saudi Arabia., Almulhim AA; Finance Department Business School king Faisal University Al hafouf 31982 Saudi Arabia. |
| Zdroj: | Global challenges (Hoboken, NJ) [Glob Chall] 2025 Jan 29; Vol. 9 (3), pp. 2400345. Date of Electronic Publication: 2025 Jan 29 (Print Publication: 2025). |
| Spôsob vydávania: | Journal Article |
| Jazyk: | English |
| Informácie o časopise: | Publisher: WILEY-VCH Verlag GmbH & Co. KGaA Country of Publication: Germany NLM ID: 101705641 Publication Model: eCollection Cited Medium: Internet ISSN: 2056-6646 (Electronic) Linking ISSN: 20566646 NLM ISO Abbreviation: Glob Chall Subsets: PubMed not MEDLINE |
| Imprint Name(s): | Publication: [2018]- : Weinheim : WILEY-VCH Verlag GmbH & Co. KGaA Original Publication: Hoboken, NJ : John Wiley & Sons, [2017]-[2017] |
| Abstrakt: | Competing Interests: The authors declare no conflict of interest. Recent advancements in industrialization have sparked substantial interest among the academic community and policymakers regarding energy consumption. The consumption patterns of distinct energy types seem to be influenced by many national and international factors. In this essence, this study investigates the effects of technological innovation and trade orientation on renewable energy consumption (REC). Using panel data from G-7 economies from 2000 to 2019, Panel EGLS (estimated generalized least square) and ARDL (autoregressive distributed lag) models are employed to check the regression. The analysis reveals that both technological innovation and export orientation have a significant and positive impact on REC. In contrast, import orientation negatively affects REC. The results highlight that technological advancements and a focus on export-oriented trade strategies can significantly boost REC. Policymakers are encouraged to invest in research and development to advance renewable energy technologies and provide incentives for their adoption. These measures are crucial for achieving environmental sustainability and reducing pollution. The study provides valuable insights into how national and international trade dynamics influence renewable energy usage. (© 2025 The Author(s). Global Challenges published by Wiley‐VCH GmbH.) |
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| Contributed Indexing: | Keywords: export orientation; import orientation; renewable energy; technological innovation; trade orientation |
| Entry Date(s): | Date Created: 20250312 Latest Revision: 20250313 |
| Update Code: | 20250314 |
| PubMed Central ID: | PMC11891557 |
| DOI: | 10.1002/gch2.202400345 |
| PMID: | 40071219 |
| Databáza: | MEDLINE |
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Nájsť tento článok vo Web of Science | Abstrakt: | Competing Interests: The authors declare no conflict of interest.<br />Recent advancements in industrialization have sparked substantial interest among the academic community and policymakers regarding energy consumption. The consumption patterns of distinct energy types seem to be influenced by many national and international factors. In this essence, this study investigates the effects of technological innovation and trade orientation on renewable energy consumption (REC). Using panel data from G-7 economies from 2000 to 2019, Panel EGLS (estimated generalized least square) and ARDL (autoregressive distributed lag) models are employed to check the regression. The analysis reveals that both technological innovation and export orientation have a significant and positive impact on REC. In contrast, import orientation negatively affects REC. The results highlight that technological advancements and a focus on export-oriented trade strategies can significantly boost REC. Policymakers are encouraged to invest in research and development to advance renewable energy technologies and provide incentives for their adoption. These measures are crucial for achieving environmental sustainability and reducing pollution. The study provides valuable insights into how national and international trade dynamics influence renewable energy usage.<br /> (© 2025 The Author(s). Global Challenges published by Wiley‐VCH GmbH.) |
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| ISSN: | 2056-6646 |
| DOI: | 10.1002/gch2.202400345 |