The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
An assessment of environmental sustainability corridor: The role of economic expansion and research and development in EU countries
Open accessAbstract
Given that the European Union-28 countries proposed a target of 3% of the Gross Domestic Product on research and development (R&D) expenditure by 2020, the current study attempts to examine the role of R&D on environmental sustainability. In addition, the study further investigates the long-run and causal interaction between, renewable energy consumption, nonrenewable energy consumption, and economic growth in an ecological footprint-income function. Notably, the study incorporates research and development (R&D) expenditure to the model as an additional variable, and measures impact of each variable on ecological footprint. Empirical evidence is based on a balanced panel data between annual periods of 1997-2014 for selected EU-16 countries. The Pedroni, Johansen Multivariate and Kao tests all reveal a cointegration between ecological footprint, economic growth, research and development expenditure, renewable, and nonrenewable energy consumption. The Fully Modified and Dynamic Ordinary Least Squares models (FMOLS and DOLS) both suggest a negative significant relationship between the countries' research and development expenditure and ecological footprint in the long-run. This implies that spending on R&D significantly impacts on environmental sustainability of the panel countries. Our study affirms that nonrenewable energy consumption and economic growth increase carbon emission flaring while renewable energy consumption declines ecological footprint. The panel causality analysis reveals a feedback mechanism between ecological footprint, R&D expenditure, renewable, and nonrenewable energy consumption. We further observed a one-way causality between ecological footprint and economic growth. The current further validates that the Environmental Kuznet Curve Hypothesis (EKC) holds for this panel of EU countries examined. Effective policy implications could be drawn toward modern and environmentally friendly energy sources, especially in attaining the Sustainable Development Goals via spending on R&D.
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Cites
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Pedroni, P. (1999) · Oxford Bulletin of Economics and Statistics · doi:10.1111/1468-0084.61.s1.14 · Cited by 6,726
Pedroni, P. (2004) · Econometric Theory · doi:10.1017/s0266466604203073 · Cited by 6,669
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Self-citationDestek, M. A., & Sinha, A. (2020) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2019.118537 · Cited by 1,135
Cited by
Kirikkaleli, D., Güngör, H., & Adebayo, T. S. (2022) · Business Strategy and the Environment · doi:10.1002/bse.2945 · Cited by 369
Bekun, F. V., Gyamfi, B. A., Onifade, S. T., & Agboola, M. O. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.127924 · Cited by 298
Self-citationAdedoyin, F. F., Bekun, F. V., Driha, O. M., & Balsalobre-Lorente, D. (2020) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2020.120297 · Cited by 199
Self-citationNatural resources tax volatility and economic performance: Evaluating the role of digital economy
Ma, Q., Mentel, G., Zhao, X., Salahodjaev, R., & Kuldasheva, Z. (2022) · Resources Policy · doi:10.1016/j.resourpol.2021.102510 · Cited by 91
Metadata
- Authors
- Adedoyin, F. F., Alola, A. A., & Bekun, F. V.
- Venue
- Science of The Total Environment
- Publisher
- Elsevier BV
- Published
- 2020-04
- Volume
- 713
- Pages
- 136726
- ISSN
- 0048-9697 (ISSN-L)
- OpenAlex
- W2999292480
- Cited by
- 283
- References
- 47
- FWCI
- 41.80
- Type
- journal article
- Language
- en
- Open access
- green
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- Adedoyin, F. F., Alola, A. A., & Bekun, F. V. (2020). An assessment of environmental sustainability corridor: The role of economic expansion and research and development in EU countries. Science of The Total Environment. https://doi.org/10.1016/j.scitotenv.2020.136726
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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