The role of technological innovation and diffusion, energy consumption and financial development in affecting ecological footprint in BRICS: an empirical analysis

2021 ◽  
Author(s):  
Sanjay Kumar Rout ◽  
Mohini Gupta ◽  
Malayaranjan Sahoo
Keyword(s):  
Energy Consumption ◽  
Empirical Analysis ◽  
Financial Development ◽  
Technological Innovation ◽  
Ecological Footprint ◽  
Innovation And Diffusion ◽  
And Diffusion

scholarly journals The Role of Renewable Energy Consumption Towards Carbon Neutrality in BRICS Nations: Does Globalization Matter?

2021 ◽  
Vol 9 ◽  
Author(s):  
Liu Dingru ◽  
Muhammad Ramzan ◽  
Muhammad Irfan ◽  
Özge Gülmez ◽  
Hayriye Isik ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Technological Innovation ◽  
Ecological Footprint ◽  
Energy Use ◽  
Vital Role ◽  
Kuznets Curve ◽  
Renewable Energy Consumption ◽  
Carbon Neutrality

Although a number of studies have been conducted on the environmental Kuznets curve (EKC) and the pollution halo hypothesis (PHH), few researchers have assessed the scope in the light of the BRICS— Brazil, Russia, India, China, and South Africa—nations. Therefore, the current research assesses the income-induced EKC as well as the role of technological innovation and renewable energy consumption utilizing a dataset stretching from 1990 to 2018. The present research utilized the novel method of moments quantile regression (MMQR) developed by Machado and Silva (2019) to assess these interrelationships. The empirical outcomes from the MMQR affirmed an inverted U-shaped interrelationship between CO2 emissions and economic growth across all quantiles (first to ninth) for the BRICS nations, thus confirming the presence of the EKC hypothesis. Furthermore, we affirmed the PHH, thus confirming the negative interrelationship between globalization and ecological footprint across all quantiles (first to ninth). Moreover, it was found that renewable energy use plays a vital role in curbing the emissions of CO2 across all quantiles (first to ninth), while no evidence of significant connection was established between technological innovation and ecological footprint across all quantiles. In addition, the Granger causality outcomes revealed a feedback causality between income and ecological footprint, while a unidirectional causality was established from globalization and renewable energy use to ecological footprint.

Innovation

2019 ◽  
pp. 438-510
Author(s):  
Sheilagh Ogilvie
Keyword(s):  
Technological Innovation ◽  
Diffusion Of Innovations ◽  
Spatial Clustering ◽  
Technological Knowledge ◽  
The Other ◽  
Market Failures ◽  
New Techniques ◽  
The One ◽  
And Diffusion

This chapter addresses how guilds dealt with technological innovation. Innovation is a final sphere in which market failures are widespread in premodern economies, as in modern ones. On the one hand, contemporaries frequently complained that guilds blocked new techniques and practices. On the other hand, guilds were in a position to generate cartel rents, and this might have encouraged their members to incur the costs of invention. Guilds might also have encouraged diffusion of technological knowledge through compulsory apprenticeship, mandatory travelling by journeymen, or the spatial clustering of practitioners. Guilds could also affect innovation unintentionally by things they did for other reasons. Guilds thus provide a rich context for investigating the role of different institutional mechanisms in encouraging the invention and diffusion of innovations.

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