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Ecological innovation for environmental sustainability and human capital development: the role of environmental regulations and renewable energy in advanced economies

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  • Nguyen Binh An
  • Yen-Lin Kuo
  • Fatma Mabrouk
  • Shouvik Sanyal
  • Iskandar Muda
  • Sanil S. Hishan
  • Niamat Abdulrehman

Abstract

This study examines the trends in environmental sustainability and human well-being through green technologies, clean energy, and environmental taxes using panel data for the top eight advanced economies from 1990 to 2018. The study applies an advanced panel technique, cross-sectionally augmented distributed lags (CS-ARDL), to find long-run and short-run associations between these variables. Moreover, the role of foreign investment is added as a control variable. The CS-ARDL estimation confirms the productive impact of green technologies on environmental and human well-being, providing that it helps to reduce haze pollution while promoting human development. Moreover, clean energy and environmental taxes contribute toa sustainable environment and human development. Moreover, foreign investment is a direct source of haze pollution because of more industrialization and economic activities. The study finally recommends strengthening the promotion of green technology and clean energy to achieve both environmental and human well-being in the long run.

Suggested Citation

  • Nguyen Binh An & Yen-Lin Kuo & Fatma Mabrouk & Shouvik Sanyal & Iskandar Muda & Sanil S. Hishan & Niamat Abdulrehman, 2023. "Ecological innovation for environmental sustainability and human capital development: the role of environmental regulations and renewable energy in advanced economies," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 243-263, March.
    • Handle: RePEc:taf:reroxx:v:36:y:2023:i:1:p:243-263
    DOI: 10.1080/1331677X.2022.2120046
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    Cited by:

    1. Xia, Xiqiang & Chishti, Muhammad Zubair & Dogan, Eyup, 2024. "Transition towards the sustainable development: unraveling the effects of mineral markets, Belt & Road Initiative, and the Paris Agreement on green economic growth," Resources Policy, Elsevier, vol. 91(C).
    2. Shuai Wang & Nabila Abid & Fayyaz Ahmad & Aamir Javed, 2024. "Natural resource management and green technological innovation impact on health risks and social development: Evidence from advanced economies," Climatic Change, Springer, vol. 177(10), pages 1-26, October.
    3. Chishti, Muhammad Zubair & Arfaoui, Nadia & Cheong, Calvin W.H., 2023. "Exploring the time-varying asymmetric effects of environmental regulation policies and human capital on sustainable development efficiency: A province level evidence from China," Energy Economics, Elsevier, vol. 126(C).

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