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The Influence of Sustainable Technology Transfer and Sustainable Innovation on Green Growth

In: Financial Markets, Climate Risk and Renewables

Author

Listed:
  • Pooja

    (Indian Institute of Technology Delhi)

  • Mayur M. Chikhale

    (Indian Institute of Technology Delhi)

  • Sanjay Dhir

    (Indian Institute of Technology Delhi)

Abstract

Nations globally have realized the need to implement sustainable strategies, such as green technology transfer, to address alarming environmental concerns. This study investigates the influence of sustainable technology transfer (STT) and sustainable innovation (SI) on green growth (GG) and the subsequent influence of GG on economic growth (EG), using fixed effect model with data from 18 G20 nations spanning from 1991 to 2022. The findings show that sustainable innovation and sustainable technology transfer help promote the country's green growth, which further helps achieve better economic performance. Additionally, results indicate the viability of attaining environmentally sustainable growth and economic growth simultaneously. It highlights the importance of creating sustainable business models that encourage and profit from the transition to a greener, more environmentally conscious society. The study offers significant implications for academicians and policymakers, encouraging deeper exploration of strategies to incorporate green growth concepts into economic policies and suggesting avenues for future research.

Suggested Citation

  • Pooja & Mayur M. Chikhale & Sanjay Dhir, 2024. "The Influence of Sustainable Technology Transfer and Sustainable Innovation on Green Growth," Springer Proceedings in Business and Economics, in: Sandeep Mohapatra & Puja Padhi & Vijeta Singh (ed.), Financial Markets, Climate Risk and Renewables, pages 19-45, Springer.
    • Handle: RePEc:spr:prbchp:978-981-97-6687-1_9
    DOI: 10.1007/978-981-97-6687-1_9
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    More about this item

    Keywords

    Economic growth; G20 nations; Fixed effect model; Green growth; Sustainable innovation; Sustainable technology transfer;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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