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The Effects of Renewable Energy, Innovation, and Governance on Climate Change and Economic Growth-Investigating the Opportunities and Challenges for Emerging Asia

Author

Listed:
  • Anasuya Haldar
  • Narayan Sethi

    (Department of Humanities and Social Sciences, National Institute of Technology Rourkela, India)

Abstract

The paper investigates the opportunities provided by renewable energy consumption and innovation along with the challenges posed by corruption and political instability, for climate- change mitigation and economic growth in seven selected emerging Asian economies from 2000 to 2018. Based on panel ARDL and 3SLS estimations, we find that both renewable energy and corruption control are beneficial to the economy and the environment. In contrast, innovation, non-renewable energy consumption, and trade result in environmental degradation in these economies. These findings are relevant for sustainable economic growth in these countries.

Suggested Citation

  • Anasuya Haldar & Narayan Sethi, 2023. "The Effects of Renewable Energy, Innovation, and Governance on Climate Change and Economic Growth-Investigating the Opportunities and Challenges for Emerging Asia," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 4(2), pages 1-7.
    • Handle: RePEc:ayb:jrnael:87
    DOI: 2023/06/11
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    More about this item

    Keywords

    Renewable energy; Innovation; Governance; Climate change; Economic growth;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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