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Towards achieving eco-efficiency in top 10 polluted countries: The role of green technology and natural resource rents
Gondwana Research ( IF 6.1 ) Pub Date : 2022-06-22 , DOI: 10.1016/j.gr.2022.06.010
Fu Chen , Shoaib Ahmad , Salman Arshad , Shafaqat Ali , Muhammad Rizwan , Muhammad Hamzah Saleem , Oana M. Driha , Daniel Balsalobre-Lorente

Eco-efficiency has received much attention due to fast economic development and substantial environmental pollution. Eco-efficiency analysis can be beneficial for benchmarking commodities and industries for sustainability and measuring and monitoring their environmental and economic performance. Natural resources and green technologies are important influencing elements that substantially influence eco-efficiency. This article studies the influence of green technology and natural resource rents on eco-efficiency using panel data from the top 10 polluted nations from 1990 to 2019. Multiple econometric approaches were used to assess the empirical data, including the Westerlund cointegration test and the cross-sectional autoregressive distributive lag model, the fully modified ordinary least square method and the Granger causality test. The long-run results indicate that green technology, natural resource rents, squared term of economic complexity, and the interaction term of green technology with financial development positively influence eco-efficiency. However, eco-efficiency in these countries is negatively influenced by financial development. The Dumitrescu and Hurlin causality test results show that financial development has a bidirectional causal relationship with eco-efficiency. However, natural resource rents, green technology and the interaction term of green technology with financial development show a unidirectional causal relationship with eco-efficiency. In line with these findings, governments should focus on improving the environmental quality to promote eco-efficiency. Furthermore, such economies should convert all their investment programmes toward green strategies. Environmental concerns will be addressed as eco-efficiency is improved through green technology regulations.



中文翻译:

在排名前 10 位的污染国家实现生态效率:绿色技术和自然资源租金的作用

由于经济的快速发展和严重的环境污染,生态效率受到了广泛关注。生态效率分析有助于对商品和行业的可持续性进行基准测试,以及衡量和监测其环境和经济绩效。自然资源和绿色技术是对生态效率产生重大影响的重要影响因素。本文使用 1990 年至 2019 年排名前 10 位污染国家的面板数据研究绿色技术和自然资源租金对生态效率的影响。采用多种计量经济学方法评估经验数据,包括 Westerlund 协整检验和交叉截面自回归分布滞后模型、完全修改的普通最小二乘法和格兰杰因果关系检验。长期结果表明,绿色技术、自然资源租金、经济复杂度的平方项以及绿色技术与金融发展的交互项对生态效率有正向影响。然而,这些国家的生态效率受到金融发展的负面影响。Dumitrescu和Hurlin因果关系检验结果表明,金融发展与生态效率具有双向因果关系。然而,自然资源租金、绿色技术以及绿色技术与金融发展的交互项与生态效率呈现出单向的因果关系。根据这些发现,政府应专注于改善环境质量以促进生态效率。此外,这些经济体应将其所有投资计划转向绿色战略。随着通过绿色技术法规提高生态效率,环境问题将得到解决。

更新日期:2022-06-22
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