Market and non-market strategies of environmental technology in Germany

Destek M. A., Alola A. A.

Journal of Environmental Management, vol.377, 2025 (SCI-Expanded) identifier identifier

  • Nəşrin Növü: Article / Article
  • Cild: 377
  • Nəşr tarixi: 2025
  • Doi nömrəsi: 10.1016/j.jenvman.2025.124701
  • jurnalın adı: Journal of Environmental Management
  • Jurnalın baxıldığı indekslər: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, International Bibliography of Social Sciences, PASCAL, Aerospace Database, Agricultural & Environmental Science Database, Aqualine, Aquatic Science & Fisheries Abstracts (ASFA), BIOSIS, CAB Abstracts, Communication Abstracts, Environment Index, Geobase, Greenfile, Index Islamicus, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Açar sözlər: (Non)market-based strategies, Economic and financial indicators, Environmental policy, Environmental technology
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Yox

Qısa məlumat

This paper compares the contributions of market-based and non-market-based environmental policies to environmental technologies for Germany, which is among the leading countries on a global scale in the context of environmental technologies and environmental regulation policies. In this context, the effects of economic growth and financial development, as well as two different environmental policy strategies, on environmental technologies are investigated through the novel dynamic ARDL and machine learning based KRLS technique in the period 1990–2020. The results show that the positive effects of economic growth and financial development on environmental technologies have marginal efficiency that first increases and then decreases in direct proportion to the increase in the level of technological development. On the other hand, at the current level of environmental technologies, market-based strategies seem to have positive effects, whereas non-market-based strategies hinder innovative activities. In the later stages of technological progress, the roles of these strategies change, and non-market-based strategies become more marginally efficient.