IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420724000266.html
   My bibliography  Save this article

The role of technological innovation in enhancing resource sustainability to achieve green recovery

Author

Listed:
  • Liu, Guangwei
  • Liang, Kaipeng

Abstract

This research employs the CS-ARDL approach to explore the intricate connection between patent applications and fossil fuel consumption across high-income and non-high-income countries from 2000 to 2022. In high-income nations, there is a notable reduction in consumption, indicative of their emphasis on innovation and environmental commitment. Conversely, non-high-income countries experience an uptick in consumption, primarily attributed to economic growth and resource limitations. While factors such as urbanization, industrialization, and Foreign Direct Investment (FDI) exert influence, their impact on steering sustainable energy practices remains limited. The bidirectional causal relationship between fuel use and patents underscores their dynamic interaction. Policy recommendations advocate for supporting green startups, fostering sustainable cities, and digitizing green finance in high-income countries. On the other hand, non-high-income nations are advised to concentrate on green education, importing technology, implementing green patent regulations, and establishing local green funds to expedite progress.

Suggested Citation

  • Liu, Guangwei & Liang, Kaipeng, 2024. "The role of technological innovation in enhancing resource sustainability to achieve green recovery," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420724000266
    DOI: 10.1016/j.resourpol.2024.104659
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724000266
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104659?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Xu, Jiaqi & Zhao, Jingfeng & She, Shengxiang & Liu, Wen, 2022. "Green growth, natural resources and sustainable development: Evidence from BRICS economies," Resources Policy, Elsevier, vol. 79(C).
    2. Joakim Westerlund & David L. Edgerton, 2008. "A Simple Test for Cointegration in Dependent Panels with Structural Breaks," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(5), pages 665-704, October.
    3. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    4. Naoyuki Yoshino & Ehsan Rasoulinezhad & Farhad Taghizadeh-Hesary, 2021. "Economic Impacts of Carbon Tax in a General Equilibrium Framework: Empirical Study of Japan," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 23(01n02), pages 1-25, June.
    5. Wang, Kai-Hua & Zhao, Yan-Xin & Jiang, Cui-Feng & Li, Zheng-Zheng, 2022. "Does green finance inspire sustainable development? Evidence from a global perspective," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 412-426.
    6. Razzaq, Asif & Wang, Shizhen & Adebayo, Tomiwa Sunday & Saleh Al-Faryan, Mamdouh Abdulaziz, 2022. "The potency of natural resources on ecological sustainability in PIIGS economies," Resources Policy, Elsevier, vol. 79(C).
    7. Rao, Amar & Talan, Amogh & Abbas, Shujaat & Dev, Dhairya & Taghizadeh-Hesary, Farhad, 2023. "The role of natural resources in the management of environmental sustainability: Machine learning approach," Resources Policy, Elsevier, vol. 82(C).
    8. Tu, Chuc Anh & Rasoulinezhad, Ehsan & Sarker, Tapan, 2020. "Investigating solutions for the development of a green bond market: Evidence from analytic hierarchy process," Finance Research Letters, Elsevier, vol. 34(C).
    9. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    10. Zhao, Xing & Guo, Yifan & Feng, Tianchu, 2023. "Towards green recovery: Natural resources utilization efficiency under the impact of environmental information disclosure," Resources Policy, Elsevier, vol. 83(C).
    11. Zhang, Jianhua & Liu, Yushan & Zhang, Weihua & Ma, Xinyuan, 2023. "Role of green technologies in enhancing the efficiency of natural resources," Resources Policy, Elsevier, vol. 83(C).
    12. Dong, Xianjing & Zhang, Xiaojuan & Zhang, Congcong & Bi, Chunyu, 2023. "Building sustainability education for green recovery in the energy resource sector: A cross country analysis," Resources Policy, Elsevier, vol. 81(C).
    13. Sun, Yunpeng & Gao, Pengpeng & Tian, Wenjuan & Guan, Weimin, 2023. "Green innovation for resource efficiency and sustainability: Empirical analysis and policy," Resources Policy, Elsevier, vol. 81(C).
    14. Zhao, Linhai & Rasoulinezhad, Ehsan, 2023. "Role of natural resources utilization efficiency in achieving green economic recovery: Evidence from BRICS countries," Resources Policy, Elsevier, vol. 80(C).
    15. Sharma, Gagan Deep & Shahbaz, Muhammad & Singh, Sanjeet & Chopra, Ritika & Cifuentes-Faura, Javier, 2023. "Investigating the nexus between green economy, sustainability, bitcoin and oil prices: Contextual evidence from the United States," Resources Policy, Elsevier, vol. 80(C).
    16. Ullah, Saif & Nobanee, Haitham & Iftikhar, Huma, 2023. "Global financial integration, governance-by-technology, and green growth," International Review of Financial Analysis, Elsevier, vol. 90(C).
    17. Ehsan Rasoulinezhad, 2020. "Environmental Impact Assessment Analysis in the Kahak’s Wind Farm," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 22(01n02), pages 1-15, June.
    18. Ye, Xiang & Rasoulinezhad, Ehsan, 2023. "Assessment of impacts of green bonds on renewable energy utilization efficiency," Renewable Energy, Elsevier, vol. 202(C), pages 626-633.
    19. Chen, Huanyu & Yi, Jizheng & Chen, Aibin & Peng, Duanxiang & Yang, Jieqiong, 2023. "Green technology innovation and CO2 emission in China: Evidence from a spatial-temporal analysis and a nonlinear spatial durbin model," Energy Policy, Elsevier, vol. 172(C).
    20. Ortt, J. Roland & Kamp, Linda M., 2022. "A technological innovation system framework to formulate niche introduction strategies for companies prior to large-scale diffusion," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    21. Ayesha Afzal & Ehsan Rasoulinezhad & Zaki Malik, 2022. "Green finance and sustainable development in Europe," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5150-5163, December.
    22. Khan, Yasir & Liu, Fang & Hassan, Taimoor, 2023. "Natural resources and sustainable development: Evaluating the role of remittances and energy resources efficiency," Resources Policy, Elsevier, vol. 80(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shang, Yunfeng & Xie, Yani & Chen, Wenjie, 2024. "Addressing resource scarcity and fostering sustainability through environmental education in Asia," Resources Policy, Elsevier, vol. 90(C).
    2. Zhang, Ming & Wei, Xuejiao, 2024. "Resource efficiency, cultural industry, and green economic growth: A synergistic approach," Resources Policy, Elsevier, vol. 90(C).
    3. Xu, Chunguang & Li, Xiaohui, 2023. "The efficiency of natural resource consumption and government administration concerning green economic growth in Asian countries," Resources Policy, Elsevier, vol. 82(C).
    4. Xiaoping, Chen & Yanqiu, Wu, 2024. "Cultivating green growth: The interplay of communication and resource efficiency in East Asia," Resources Policy, Elsevier, vol. 90(C).
    5. Xiao, Zunlan & Duritan, Mary Josephine M. & Han, Dongmei & Zong, Yi, 2024. "How does Green education result in resource extraction and consumption sustainability?," Resources Policy, Elsevier, vol. 89(C).
    6. Wang, Chuangang & Li, Xin, 2024. "Optimizing the utilization of mineral assets and human resources for enhanced social welfare and sustainable development," Resources Policy, Elsevier, vol. 90(C).
    7. Liu, Xiaoxia & Yang, Ming & Shao, Zongyuan & Liu, Liyan & Gu, Weiyu, 2024. "Assessment of impacts of mineral raw material resource efficiency on enterprise performance," Resources Policy, Elsevier, vol. 90(C).
    8. Shen, Lihua & Zhang, Zhibin & Yang, Qin, 2024. "Is e-commerce capable to promote mineral resources? Evidence for Belt and Road Initiative countries," Resources Policy, Elsevier, vol. 88(C).
    9. Qian Zhang & Linlin Sun & Jian Xu, 2024. "Can the sports industry foster the transition to net-zero and green growth?," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-16, June.
    10. Liu, Wen & Xu, Jiaqi & Cao, Lei & Li, Fuchang, 2024. "Towards iron ore mining sustainability and low-carbon transformation: Policies and implications," Resources Policy, Elsevier, vol. 90(C).
    11. Shang, Yunfeng & Zong, Yi, 2024. "Role of e-commerce for promoting sustainability in the mining sector," Resources Policy, Elsevier, vol. 90(C).
    12. Dai, Xiajing & Zhang, Junjie, 2024. "China's green development journey through resource rent optimization and green finance policies," Resources Policy, Elsevier, vol. 90(C).
    13. Xu, Jiaqi & Zhao, Jingfeng & Liu, Wen, 2023. "A comparative study of renewable and fossil fuels energy impacts on green development in Asian countries with divergent income inequality," Resources Policy, Elsevier, vol. 85(PA).
    14. Zhang, Zhian & Tang, Jiayi & Ye, Ziyu, 2023. "New evidence of the relationship between media, culture industry, and mineral efficiency in high and low income asian economies," Resources Policy, Elsevier, vol. 87(PB).
    15. Yulong Zhao & Qitao Wu & Rong Song & Zhaojun Qu, 2024. "How can sectoral green economic growth alter energy transformation?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-16, April.
    16. Li, Jianying & Fang, Zhi, 2024. "Navigating COVID-19 disruptions for resilience and green growth in mineral resource trade," Resources Policy, Elsevier, vol. 90(C).
    17. Ma, Xuewen & Liu, Liyan & Zhang, Dongming, 2024. "How green finance tools and electric vehicles minerals sustainability are related?," Resources Policy, Elsevier, vol. 90(C).
    18. Hu, Qian & Gu, Yongkun, 2024. "Mineral resources and the green economy: A blueprint for sustainable development and innovation," Resources Policy, Elsevier, vol. 88(C).
    19. Lu, Man & Zhao, Yue, 2024. "Mineral resource extraction and environmental sustainability for green recovery," Resources Policy, Elsevier, vol. 90(C).
    20. Li, Jing & Cao, Bin, 2024. "Resources policies for solar development and eco-tourism expansion in emerging economies," Resources Policy, Elsevier, vol. 88(C).

    More about this item

    Keywords

    Technological innovation; Natural resource sustainability; Resource utilization; Green recovery; Patent application;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420724000266. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.