IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i7p2993-d1369789.html
   My bibliography  Save this article

Exploring the Influence of the Digital Economy on Energy, Economic, and Environmental Resilience: A Multinational Study across Varied Carbon Emission Groups

Author

Listed:
  • Azam Ghezelbash

    (Institute of Cleaner Production Technology, Pukyong National University, Busan 48547, Republic of Korea)

  • Jay Liu

    (Institute of Cleaner Production Technology, Pukyong National University, Busan 48547, Republic of Korea
    Department of Chemical Engineering, Pukyong National University, Busan 48547, Republic of Korea)

  • Seyed Hamed Fahimifard

    (Department of Economic and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 9177948974, Iran)

  • Vahid Khaligh

    (Institute of Cleaner Production Technology, Pukyong National University, Busan 48547, Republic of Korea)

Abstract

Rapid advancements in digital technologies have accelerated global change, underscoring the critical role of resilience in addressing the escalating energy, economic, and environmental challenges. This paper investigates the effects and mechanisms of the digital economy on energy, economic, and environmental resilience within the context of these challenges. By utilizing panel data from 66 countries spanning the period from 2000 to 2020, this analysis employs robust panel data models and incorporates tests such as the Hausman and Leamer tests, and exploratory factor analysis. The results reveal a notable positive impact of the digital economy on resilience across various countries and time periods. However, when it comes to carbon emissions, a more intricate pattern emerges, suggesting a negative influence on resilience in environmental, energy, and economic domains. Interestingly, countries with below-average carbon emissions show more positive effects on economic resilience due to the digital economy. On the other hand, the effect of the digital economy on energy resilience is less prominent in below-average carbon-emitting nations, while carbon emissions have a more significant impact within this subgroup. Above-average carbon-emitting countries experience limited effects of the digital economy on environmental resilience, while below-average carbon-emitting countries face challenges with significant carbon emissions impacting their environmental resilience.

Suggested Citation

  • Azam Ghezelbash & Jay Liu & Seyed Hamed Fahimifard & Vahid Khaligh, 2024. "Exploring the Influence of the Digital Economy on Energy, Economic, and Environmental Resilience: A Multinational Study across Varied Carbon Emission Groups," Sustainability, MDPI, vol. 16(7), pages 1-22, April.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:7:p:2993-:d:1369789
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/7/2993/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/7/2993/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yu, Zehui & Li, Yiming & Dai, Lihua, 2023. "Digital finance and regional economic resilience: Theoretical framework and empirical test," Finance Research Letters, Elsevier, vol. 55(PA).
    2. Katal, Ali & Mortezazadeh, Mohammad & Wang, Liangzhu (Leon), 2019. "Modeling building resilience against extreme weather by integrated CityFFD and CityBEM simulations," Applied Energy, Elsevier, vol. 250(C), pages 1402-1417.
    3. R. K. Chadha & G. A. Papadopoulos & A. N. Karanci, 2007. "Disasters due to natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 40(3), pages 501-502, March.
    4. Klarin Tomislav, 2018. "The Concept of Sustainable Development: From its Beginning to the Contemporary Issues," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 21(1), pages 67-94, May.
    5. Ron Martin & Ben Gardiner, 2019. "The resilience of cities to economic shocks: A tale of four recessions (and the challenge of Brexit)," Papers in Regional Science, Wiley Blackwell, vol. 98(4), pages 1801-1832, August.
    6. Albérico Travassos Rosário & Joana Carmo Dias, 2023. "The New Digital Economy and Sustainability: Challenges and Opportunities," Sustainability, MDPI, vol. 15(14), pages 1-23, July.
    7. Kai Yuan & Biao Hu & Xinlong Li & Tingyun Niu & Liang Zhang, 2023. "Exploration of Coupling Effects in the Digital Economy and Eco-Economic System Resilience in Urban Areas: Case Study of the Beijing-Tianjin-Hebei Urban Agglomeration," Sustainability, MDPI, vol. 15(9), pages 1-28, April.
    8. Songtao He & Shuigen Yang & Amar Razzaq & Sahar Erfanian & Azhar Abbas, 2023. "Mechanism and Impact of Digital Economy on Urban Economic Resilience under the Carbon Emission Scenarios: Evidence from China’s Urban Development," IJERPH, MDPI, vol. 20(5), pages 1-20, March.
    9. Blichfeldt, Henrik & Faullant, Rita, 2021. "Performance effects of digital technology adoption and product & service innovation – A process-industry perspective," Technovation, Elsevier, vol. 105(C).
    10. Abhas K. Jha & Todd W. Miner & Zuzana Stanton-Geddes, 2013. "Building Urban Resilience : Principles, Tools, and Practice," World Bank Publications - Books, The World Bank Group, number 13109, December.
    11. Manolis Manioudis & Giorgos Meramveliotakis, 2022. "Broad strokes towards a grand theory in the analysis of sustainable development: a return to the classical political economy," New Political Economy, Taylor & Francis Journals, vol. 27(5), pages 866-878, September.
    12. Andrey I. Vlasov & Vadim A. Shakhnov & Sergey S. Filin & Sergey S. Filin & Aleksey I. Krivoshein & Aleksey I. Krivoshein, 2019. "Sustainable energy systems in the digital economy: concept of smart machines," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1975-1986, June.
    13. Mark A. Constas, 2023. "Food Security and Resilience: The Potential for Coherence and the Reality of Fragmented Applications in Policy and Research," Palgrave Studies in Agricultural Economics and Food Policy, in: Christophe Béné & Stephen Devereux (ed.), Resilience and Food Security in a Food Systems Context, chapter 0, pages 147-184, Palgrave Macmillan.
    14. Gonzalo Castañeda & Omar A. Guerrero, 2018. "The Resilience of Public Policies in Economic Development," Complexity, Hindawi, vol. 2018, pages 1-15, October.
    15. Daud, Siti Nurazira Mohd & Ahmad, Abd Halim, 2023. "Financial inclusion, economic growth and the role of digital technology," Finance Research Letters, Elsevier, vol. 53(C).
    16. Gatto, Andrea & Drago, Carlo, 2020. "Measuring and modeling energy resilience," Ecological Economics, Elsevier, vol. 172(C).
    17. Romain Duval & Jørgen Elmeskov & Lukas Vogel, 2007. "Structural Policies and Economic Resilience to Shocks," OECD Economics Department Working Papers 567, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ginevra Malta & Fulvio Plescia & Stefania Zerbo & Maria Gabriella Verso & Serena Matera & Alenka Skerjanc & Emanuele Cannizzaro, 2024. "Work and Environmental Factors on Job Burnout: A Cross-Sectional Study for Sustainable Work," Sustainability, MDPI, vol. 16(8), pages 1-12, April.
    2. Khodran Alzahrani & Mubashar Ali & Muhammad Imran Azeem & Bader Alhafi Alotaibi, 2023. "Efficacy of Public Extension and Advisory Services for Sustainable Rice Production," Agriculture, MDPI, vol. 13(5), pages 1-17, May.
    3. Kai Xu, 2023. "Challenges, Opportunities and Future Paths: Environmental Governance of Big Data Initiatives in China," Sustainability, MDPI, vol. 15(13), pages 1-15, June.
    4. Gantian Zheng & Weiwei Wang & Chang Jiang & Fan Jiang, 2023. "Can Rural Industrial Convergence Improve the Total Factor Productivity of Agricultural Environments: Evidence from China," Sustainability, MDPI, vol. 15(23), pages 1-20, November.
    5. Can Li & Qi He & Han Ji & Shengguo Yu & Jiao Wang, 2023. "Reexamining the Impact of Global Value Chain Participation on Regional Economic Growth: New Evidence Based on a Nonlinear Model and Spatial Spillover Effects with Panel Data from Chinese Cities," Sustainability, MDPI, vol. 15(18), pages 1-31, September.
    6. Vivek Arulnathan & Mohammad Davoud Heidari & Maurice Doyon & Eric P. H. Li & Nathan Pelletier, 2022. "Economic Indicators for Life Cycle Sustainability Assessment: Going beyond Life Cycle Costing," Sustainability, MDPI, vol. 15(1), pages 1-27, December.
    7. Xiaojing Zhao & Xuke Li & Guoqu Deng & Yanling Xi, 2023. "Decoupling Relationship between Resource Environment and High-Quality Economic Development in the Yellow River Basin," Sustainability, MDPI, vol. 15(12), pages 1-18, June.
    8. Chun-Chih Chen & Yu-Shing Chang, 2024. "Leveraging Circular Economy Metrics for Data-Driven Forecasting of Solid Waste Production in Europe," Sustainability, MDPI, vol. 16(3), pages 1-15, January.
    9. Hosein Mohammadi & Flavio Boccia & Amirhossein Tohidi, 2023. "The Relationship between Democracy and Economic Growth in the Path of Sustainable Development," Sustainability, MDPI, vol. 15(12), pages 1-12, June.
    10. Ronald Jiménez Aliaga & Ignacio De los Ríos-Carmenado & Amparo Elena Huamán Cristóbal & Hélida Aliaga Balbín & Alexander Martín Marroquín Heros, 2023. "Competencies and Capabilities for the Management of Sustainable Rural Development Projects in the Value Chain: Perception from Small and Medium-Sized Business Agents in Jauja, Peru," Sustainability, MDPI, vol. 15(21), pages 1-26, November.
    11. M. Ali Ülkü & James H. Bookbinder & Nam Yi Yun, 2024. "Leveraging Industry 4.0 Technologies for Sustainable Humanitarian Supply Chains: Evidence from the Extant Literature," Sustainability, MDPI, vol. 16(3), pages 1-26, February.
    12. Yu Liu & Mingde Jia, 2023. "The Impact of Population Aging on Green Innovation: An Empirical Analysis Based on Inter-Provincial Data in China," Sustainability, MDPI, vol. 15(4), pages 1-18, February.
    13. Rui Li & Xin Chen, 2022. "Reverse Logistics Network Design under Disruption Risk for Third-Party Logistics Providers," Sustainability, MDPI, vol. 14(22), pages 1-24, November.
    14. Andrei Coca & Manuela Rozalia Gabor & Irina Olimpia Susanu, 2023. "Do Innovation Metrics Reflect Sustainable Policy Making in Europe? A Comparative Study Case on the Carpathian and Alpine Mountain Regions," Mathematics, MDPI, vol. 11(6), pages 1-31, March.
    15. Weisheng Mao & Yexi Zhong, 2024. "The Influence of Demand-Based Policy Instruments on Urban Innovation Quality—Evidence from 269 Cities in China," Sustainability, MDPI, vol. 16(7), pages 1-16, March.
    16. Meqbel M. Aliedan & Mansour A. Alyahya & Ibrahim A. Elshaer & Abu Elnasr E. Sobaih, 2023. "Who Is Going Green? Determinants of Green Investment Intention in the Saudi Food Industry," Agriculture, MDPI, vol. 13(5), pages 1-17, May.
    17. Ali Yeganeh & Mahdi Parvizi Amineh & Alireza Shadman & Sandile Charles Shongwe & Seyed Mojtaba Mohasel, 2023. "Combination of Sequential Sampling Technique with GLR Control Charts for Monitoring Linear Profiles Based on the Random Explanatory Variables," Mathematics, MDPI, vol. 11(7), pages 1-21, March.
    18. Adolf Akwei Acquaye & Fred Amofa Yamoah & Taofeeq Ibn-Mohammed & Enoch Quaye & David Eshun Yawson, 2023. "Equitable Global Value Chain and Production Network as a Driver for Enhanced Sustainability in Developing Economies," Sustainability, MDPI, vol. 15(19), pages 1-23, October.
    19. Chao Wu & Ziyu Liu & Jinquan Liu & Mingze Du, 2022. "Nonlinear Effects of Economic Policy Uncertainty Shocks on Carbon Emissions in China: Evidence from Province-Level Data," IJERPH, MDPI, vol. 19(23), pages 1-16, December.
    20. Soyoung An & Jinkyung Choi & Thomas Eck & Huirang Yim, 2023. "Perceived Risk and Food Tourism: Pursuing Sustainable Food Tourism Experiences," Sustainability, MDPI, vol. 16(1), pages 1-19, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:7:p:2993-:d:1369789. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.