Zaman Umer, Chishti Muhammad Zubair, Hameed Touseef, Akhtar Muhammad Sohail
Endicott College of International Studies, Woosong University, Daejeon, Republic of Korea.
Business School, Zhengzhou University, Zhengzhou, Henan, China.
Environ Sci Pollut Res Int. 2023 Aug 1. doi: 10.1007/s11356-023-28982-z.
There are numerous studies on the nexus between technology and economic growth. However, the recent paradigm shift toward achieving green economic growth calls for divulging the important drivers of green growth to derive the salient policies for triggering the green growth process. In this context, the recent study claims green technologies (GT) as the crucial determinant of green economic growth (GG) and extends the prior literature by examining the dynamic effects of GT on GG for G-7 nations. To do so, the recent study relies on the two novel econometric methods of wavelet quantile correlation (WQC) and continuous wavelet transform causality (CWC) for robust findings. The WQC's results determine that the rise in the GT significantly triggers the GG of G7 economies. More specifically, with the exception of a few quantiles that show no significant effects of GT, Canada, Germany, Italy, and the United Kingdom enjoy significant benefits from GT across all quantiles. The remaining G-7 countries also benefit from GT, but a few quantiles show that GT has negative effects. Interestingly, the application of the CWC test supports the QWC's outcome, such that the CWC test confirms the causal nexus that runs from GT to GG for each economy. Based on the results, the study derives some salient policies for local and global authorities.
关于技术与经济增长之间的关系已有大量研究。然而，近期朝着实现绿色经济增长的范式转变要求揭示绿色增长的重要驱动因素，以制定推动绿色增长进程的显著政策。在此背景下，最近的一项研究认为绿色技术（GT）是绿色经济增长（GG）的关键决定因素，并通过研究GT对七国集团（G-7）国家绿色经济增长的动态影响扩展了先前的文献。为此，最近的这项研究依靠小波分位数相关性（WQC）和连续小波变换因果关系（CWC）这两种新颖的计量经济学方法来得出可靠的结果。WQC的结果表明，绿色技术的增长显著推动了七国集团经济体的绿色经济增长。更具体地说，除了少数几个分位数显示绿色技术没有显著影响外，加拿大、德国、意大利和英国在所有分位数上都从绿色技术中获得了显著收益。其余的七国集团国家也从绿色技术中受益，但有几个分位数显示绿色技术具有负面影响。有趣的是，CWC检验的应用支持了QWC的结果，即CWC检验证实了每个经济体从绿色技术到绿色经济增长的因果关系。基于这些结果，该研究为地方和全球当局制定了一些显著的政策。
