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Nexus between Technological Innovation, Renewable Energy, and Human Capital on the Environmental Sustainability in Emerging Asian Economies: A Panel Quantile Regression Approach

Author

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  • Miguel Angel Esquivias

    (Faculty of Economics and Business, Airlangga University, Surabaya 60286, Indonesia)

  • Lilik Sugiharti

    (Faculty of Economics and Business, Airlangga University, Surabaya 60286, Indonesia)

  • Hilda Rohmawati

    (Faculty of Economics and Business, Airlangga University, Surabaya 60286, Indonesia
    Ministry of National Development Planning, Jakarta 10310, Indonesia)

  • Omar Rojas

    (Faculty of Economics and Business, Airlangga University, Surabaya 60286, Indonesia
    Facultad de Ciencias Económicas y Empresariales, Universidad Panamericana, Álvaro del Portillo 49, Zapopan 45010, Mexico)

  • Narayan Sethi

    (Department of Humanities and Social Sciences, National Institute of Technology Rourkela, Rourkela 769008, India)

Abstract

The goal of this study was to examine the interlinkage of renewable energy, technology innovation, human capital, and governance on environment quality by using a panel quantile regression in Asian emerging economies over the period of 1990–2019. The results indicated that higher economic growth, population density, technological innovation in renewable energy, and exploitation of natural resources have significantly raised CO 2 emissions in emerging Asia. Furthermore, larger capital, more use of renewable energy, green technology, and human capital development can improve environmental sustainability in Asia. As for governances, proxied by corruption rates, no evidence indicated that it has resulted in more damage, unlike earlier studies have suggested. The findings indicated that the three channels exposed in the Kuznets hypothesis can serve as a reference for proposals for environmental policies (scale of consumption, energy composition, and choice of technologies). There are opportunities to reduce CO 2 emissions through investments in human development, investing in new technologies to increase efficiency in energy (generation and consumption), increasing working capital (GCF), and migrating to more environmentally friendly energy. The negative link between carbon dioxide emissions and economic growth, increases in population density, and exploitation of natural resources can compromise the achievement of sustainable environmental goals.

Suggested Citation

  • Miguel Angel Esquivias & Lilik Sugiharti & Hilda Rohmawati & Omar Rojas & Narayan Sethi, 2022. "Nexus between Technological Innovation, Renewable Energy, and Human Capital on the Environmental Sustainability in Emerging Asian Economies: A Panel Quantile Regression Approach," Energies, MDPI, vol. 15(7), pages 1-16, March.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:7:p:2451-:d:780478
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    17. Mmbaga, Nanzia F. & Kulindwa, Yusuph & Kazungu, Isaac, 2023. "Energy Consumption and Economic Growth Nexus in East African Sub-Region: Interactive Dynamics of Human Capital," African Journal of Economic Review, African Journal of Economic Review, vol. 11(5), December.

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