Examining the asymmetric nexus between energy consumption, technological innovation, and economic growth; does energy consumption and technology boost economic development?

Zeraibi A., Balsalobre Lorente D., Shehzad K.

Sustainability (Switzerland), vol.12, no.21, pp.1-17, 2020 (SCI-Expanded, SSCI, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 12 Say: 21
  • Nəşr tarixi: 2020
  • Doi nömrəsi: 10.3390/su12218867
  • jurnalın adı: Sustainability (Switzerland)
  • Jurnalın baxıldığı indekslər: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Aerospace Database, Agricultural & Environmental Science Database, CAB Abstracts, Communication Abstracts, Geobase, INSPEC, Metadex, Veterinary Science Database, Directory of Open Access Journals, Civil Engineering Abstracts
  • Səhifə sayı: pp.1-17
  • Açar sözlər: Economic development, Economic growth, Economically active population, Energy consumption, NARDL asymmetric, Resident patent, Trademark applications
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

This study aims to explore the connection between the potential effects of energy consumption and technological innovation on economic growth in China from 1980 to 2018. The Non-Linear Autoregressive Distributive Lag (NARDL) econometric approach reveals an asymmetric connection between technological innovation, energy consumption, and economic growth in China from 1980 to 2018. The empirical results also reveal that a 1% decrease in energy consumption would imperatively decline economic growth by 12.5%. Moreover, a 1% upsurge in trademark applications improves economic growth by 8.2%. For the case of China, this study reveals that a large portion of the energy was used by families, which is regarded as a non-contributing element to the economy of China. This study suggests that the promotion and production of energy-efficient processes and products is necessary in order to make a more significant step toward sustainable development. The empirical findings also suggest that the Chinese government should regulate suitable policies aimed at promoting energy efficiency and the control of inefficient energy uses.