https://orcid.org/0000-0002-3412-6950
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ABSTRACT
During the past several decades, the world has been putting strong emphasis on the role of environmental technology innovation which can reduce environmental degradation and promote sustainable development. This research sheds light on the impact of green technology or eco innovation on sustainable development for China. Additionally, the effects of other variables such as governance, information and communication technology, trade uncertainty and urban population are also analysed. The study employs Fully modified ordinary least squares (FMOLS) and Canonical Cointegration Regression (CCR) as the long run tests and Breitung and Candelon Spectral Granger-Causality as the time varying granger causality test. The results suggest that green innovation promotes sustainable development in the long run. The roles of governance quality and urbanization are also found to be positive while the role of ICT is found to be insignificant yet negative. The role of trade uncertainty is positive yet insignificant. Based on these results, the study calls for the private and public organizations and industries to invest in eco innovation. Different incentives from the government can also encourage private industries to invest in green innovation technologies.
List of abbreviations
| ARDL | = | Autoregressive Distributed Lag |
| CCR | = | Canonical Cointegrating Regression |
| CO2 | = | Carbon dioxide |
| CS-ADRL | = | Cross-sectionally Augmented Autoregressive Distributed Lag |
| ENVQ | = | Environmental Quality |
| ENVTECH | = | Environmental Technology |
| EU | = | European Union |
| FMOLS | = | Fully Modified Ordinary Least Squares |
| GDP | = | Gross Domestic Product |
| GIT | = | Green Information Technologies |
| GMM | = | Generalized Method of Moments |
| ICT | = | Information and Communication Technology |
| ND-GAIN | = | Notre Dame Global Adaptation Initiative |
| OECD | = | Organisation for Economic Co-operation and Development |
| QOG | = | Quality of Governance |
| R&D | = | Research & Development |
| SDG | = | Sustainable Development Goal |
| SDI | = | Sustainable Development Index |
| UNEP | = | United Nations Environment Programme |
| URBP | = | Urban Population |
| WTO | = | World Trade Organization |
| WTUI | = | World Trade Uncertainty Index |
| ZA | = | Zivot Andrews |
Disclosure statement
No potential conflict of interest was reported by the author(s).
Data availability statement
Data are available upon request from the corresponding author.