IDEAS home Printed from https://ideas.repec.org/a/eee/ingrde/v4y2025i1s2949753124000602.html

Nexus of economic, social, and environmental factors on sustainable development goals: The moderating role of technological advancement and green innovation

Author

Listed:
  • Islam, Hasibul

Abstract

Sustainability relies on economic, social, and environmental factors. This study investigates their impact on Sustainable Development Goals (SDGs) in G7 countries from 2002 to 2020, employing the IV-GMM model. The empirical result found that economic, social factors and technological advancements positively affected SDGs. However, this study also identifies a negative correlation between green innovation and SDGs, suggesting potential tradeoffs and unintended consequences. Robustness checks using alternative dependent variables and panel quantile regression confirm the reliability of the findings. Both linear and nonlinear models found a significant relationship. Furthermore, the analysis underscores the moderating role of technological advancement and green innovation, revealing the nuanced effects of the three pillars on SDGs. The analysis reveals that technological advancements positively moderate the relationship between economic and environmental factors with SDGs. At the same time, green innovation's moderation leads to a negative relationship between economic factors and SDGs but a positive association between social factors and SDGs, highlighting the complexities in achieving sustainable development. Overall, this study provides valuable insights into the complex dynamics of sustainable development, emphasizing the need for holistic strategies to tackle global challenges effectively.

Suggested Citation

  • Islam, Hasibul, 2025. "Nexus of economic, social, and environmental factors on sustainable development goals: The moderating role of technological advancement and green innovation," Innovation and Green Development, Elsevier, vol. 4(1).
    • Handle: RePEc:eee:ingrde:v:4:y:2025:i:1:s2949753124000602
    DOI: 10.1016/j.igd.2024.100183
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2949753124000602
    Download Restriction: Open-access
    File URL: https://libkey.io/10.1016/j.igd.2024.100183?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hasibul Islam & Lalmi Soumia & Masud Rana & Jhansi Bharathi Madavarapu & Shimanto Saha, 2024. "Nexus between perception, purpose of use, technical challenges and satisfaction for mobile financial services: theory and empirical evidence from Bangladesh," Technological Sustainability, Emerald Group Publishing Limited, vol. 3(2), pages 147-170, March.
    2. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
    3. Cem Işık & Serdar Ongan & Hasibul Islam & Stefania Pinzon & Gul Jabeen, 2024. "Navigating sustainability: Unveiling the interconnected dynamics of ESG factors and SDGs in BRICS‐11," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 5437-5451, October.
    4. Al-Emran, Mostafa & Griffy-Brown, Charla, 2023. "The role of technology adoption in sustainable development: Overview, opportunities, challenges, and future research agendas," Technology in Society, Elsevier, vol. 73(C).
    5. Judith M. Ament & Robin Freeman & Chris Carbone & Anna Vassall & Charlotte Watts, 2020. "An Empirical Analysis of Synergies and Tradeoffs between Sustainable Development Goals," Sustainability, MDPI, vol. 12(20), pages 1-12, October.
    6. Ahmad, Najid & Youjin, Liu & Žiković, Saša & Belyaeva, Zhanna, 2023. "The effects of technological innovation on sustainable development and environmental degradation: Evidence from China," Technology in Society, Elsevier, vol. 72(C).
    7. Hasibul Islam & Masud Rana & Shimanto Saha & Taslima Khatun & Mustari Rahman Ritu & Md. Rashidul Islam, 2023. "Factors influencing the adoption of cryptocurrency in Bangladesh: an investigation using the technology acceptance model (TAM)," Technological Sustainability, Emerald Group Publishing Limited, vol. 2(4), pages 423-443, October.
    8. David Teh & Tarek Rana, 2023. "The Use of Internet of Things, Big Data Analytics and Artificial Intelligence for Attaining UN's SDGs," Springer Books, in: Tarek Rana & Jan Svanberg & Peter Öhman & Alan Lowe (ed.), Handbook of Big Data and Analytics in Accounting and Auditing, chapter 0, pages 235-253, Springer.
    9. Patricia Urban & Markus Hametner, 2022. "The Economy–Environment Nexus: Sustainable Development Goals Interlinkages in Austria," Sustainability, MDPI, vol. 14(19), pages 1-25, September.
    10. Hasibul Islam & Jhansi Bharathi Madavarapu & Nayan Kumar Sarker & Asfaqur Rahman, 2022. "The Effects of Cyber Threats and Technical Problems on Customer's Attitude Towards E-Banking Services," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 58-67, June.
    11. Işık, Cem & Bulut, Umit & Ongan, Serdar & Islam, Hasibul & Irfan, Muhammad, 2024. "Exploring how economic growth, renewable energy, internet usage, and mineral rents influence CO2 emissions: A panel quantile regression analysis for 27 OECD countries," Resources Policy, Elsevier, vol. 92(C).
    12. Cem Işık & Serdar Ongan & Hasibul Islam & Gul Jabeen & Stefania Pinzon, 2024. "Is economic growth in East Asia pacific and South Asia ESG factors based and aligned growth?," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 4455-4468, October.
    13. Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "Environmental Sustainability within Attaining Sustainable Development Goals: The Role of Digitalization and the Transport Sector," Sustainability, MDPI, vol. 15(14), pages 1-14, July.
    14. Silvia Megyesiova & Vanda Lieskovska, 2018. "Analysis of the Sustainable Development Indicators in the OECD Countries," Sustainability, MDPI, vol. 10(12), pages 1-22, December.
    15. Paul G. Bain & Pieter M. Kroonenberg & Lars-Olof Johansson & Taciano L. Milfont & Charlie R. Crimston & Tim Kurz & Ekaterina Bushina & Carolina Calligaro & Christophe Demarque & Yanjun Guan & Joonha P, 2019. "Public views of the Sustainable Development Goals across countries," Nature Sustainability, Nature, vol. 2(9), pages 819-825, September.
    16. Kotschy, Rainer, 2022. "Health improvements impact income inequality," The Journal of the Economics of Ageing, Elsevier, vol. 22(C).
    17. Meiai Chen & Eila Jeronen & Anming Wang, 2021. "Toward Environmental Sustainability, Health, and Equity: How the Psychological Characteristics of College Students Are Reflected in Understanding Sustainable Development Goals," IJERPH, MDPI, vol. 18(15), pages 1-16, August.
    18. Rizwan Ullah & Habib Ahmad & Fazal Ur Rehman & Arshad Fawad, 2021. "Green innovation and Sustainable Development Goals in SMEs: the moderating role of government incentives," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 39(4), pages 830-846, September.
    19. Lamei, Yin & Zhou, Yue & Shan, Liu, 2023. "Environmental efficiency, climate innovation, and resource rent in Chinaʼs SDGs: Insights from quantile regressions," Resources Policy, Elsevier, vol. 86(PA).
    20. Zhao, Congyu & Wang, Kun & Dong, Xiucheng & Dong, Kangyin, 2022. "Is smart transportation associated with reduced carbon emissions? The case of China," Energy Economics, Elsevier, vol. 105(C).
    21. Yonglong Lu & Nebojsa Nakicenovic & Martin Visbeck & Anne-Sophie Stevance, 2015. "Policy: Five priorities for the UN Sustainable Development Goals," Nature, Nature, vol. 520(7548), pages 432-433, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Huy, Pham Quang & Phuc, Vu Kien, 2025. "Unveiling how blockchain-based internal auditing practices impact SDG 8 achievement? Mediating role of digital green corporate social responsibility," Research in Economics, Elsevier, vol. 79(3).
    2. Tachega, Mark Awe & Chen, Yanjiao & Wang, Junjian & Agbanyo, George Kwame & Xu, Haohan & Ning, Zexin & Yang, Pei, 2025. "CO2 emissions inequality in Africa: Regional analysis and strategies for climate justice," Energy, Elsevier, vol. 320(C).
    3. Łukasz Kuźmiński & Joanna Dynowska & Rafał Nagaj & Sergiy Kozmenko & Tomasz Norek & Marcin Rabe & Andrzej Gawlik & Katarzyna Widera, 2025. "Determinants of Ecological Decisions of Users of Single-Family Houses in Poland in the Field of Energy Generation," Energies, MDPI, vol. 18(11), pages 1-24, May.
    4. Nik Hynek & Beata Gavurova & Matus Kubak & Michal Senk, 2026. "Expert views on integrating robots, drones, cameras, and AI into critical infrastructure protection and national security: an opportunity for sustainable entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 22(1), pages 1-41, March.
    5. Kurniawan, Robert & Hasabi, Rafif & Wongsonadi, Sri Kuswantono & Gio, Prana Ugiana & Purwanto, Agung & Sumargo, Bagus, 2025. "Examining the Influence of Congestion, Industry, and Green Open Space on Air Quality Vulnerability in Towards Green Development in Jakarta," Innovation and Green Development, Elsevier, vol. 4(3).
    6. Cizem Bas & Askin Kiraz, 2025. "Primary School Teachers’ Needs for AI-Supported STEM Education," Sustainability, MDPI, vol. 17(15), pages 1-25, August.
    7. Tugba Nur & Emre E. Topaloglu & Daniel Balsalobre-Lorente & Serkan Sahin & Ladislav Pilar & Ilhan Ege, 2026. "The impact of financial innovation, economic complexity, and green technologies on natural resource management in eu countries," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 12(1), pages 1-42, December.
    8. Aina, Abiola Lydia Ph.D., 2025. "Asymmetry Impact of Economic Policy Uncertainty on Economic Growth in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(4), pages 1175-1189, April.
    9. Wang, Kai-Hua & Li, Shu-Mei & Lobonţ, Oana-Ramona & Moldovan, Nicoleta-Claudia, 2025. "Is Green innovation the “Golden Ticket” in achieving energy security and sustainable development?," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 297-314.
    10. Masud Rana & Hasibul Islam & Md. Abdullah Al Mamun & Rebeka Sultana Rekha, 2025. "Impacts of bank loan performance, stability and risk factors on sustainable development goals: insights from South and Southeast Asia," Asia-Pacific Journal of Regional Science, Springer, vol. 9(2), pages 449-478, June.
    11. repec:bjf:journl:v:10:y:2025:i:9:p:484-491 is not listed on IDEAS
    12. Reema Al-Dalain & Dilay Celebi, 2025. "Fuzzy–Monte Carlo-Based Assessment for Enhanced Urban Transport Planning in Amman, Jordan," Logistics, MDPI, vol. 9(4), pages 1-20, September.
    13. Wen, Jun & Duan, Hai-Peng & Chang, Chun-Ping & Zhao, Xin-Xin, 2025. "The impact of country risk on innovation: Global evidence," Economic Systems, Elsevier, vol. 49(2).
    14. Ashraf, Muhammad & Ali, Mubashar & Sajjad, Ali, 2025. "Governance as a catalyst for green financial development: An investigation into financial inclusion, green technology innovation, and environmental regulations in Asian NDC countries," Innovation and Green Development, Elsevier, vol. 4(6).
    15. Hussaini Bala & Abdulaziz Al Naim & Abdulrahman Alomair, 2025. "Demystifying the influence of board gender diversity on the nexus between ESG performance and carbon emissions," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    16. Ismail, Ismail Juma, 2025. "The influence of green absorptive capacity on agripreneurs' adoption of precision agriculture technologies: Mediating effects of green innovations," Innovation and Green Development, Elsevier, vol. 4(3).
    17. Mansour, Marwan & Al Zobi, Mo'taz & E'leimat, Dheif Allah & Abu alim, Sad & Tabash, Mosab I., 2025. "Female leadership, gender boards and environmental innovation: Comprehensive evidence from the global energy sector," Innovation and Green Development, Elsevier, vol. 4(4).
    18. Yun Li & Nguyen-Khai Hoang & Nguyen Hoang Tien & Zilola Shamansurova, 2025. "The role of green entrepreneurship and fintech in promoting sustainability," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-20, December.
    19. Kateb, Ines & Alahdal, Waleed M. & Sahu, Muskan & Baatwah, Saeed Rabea, 2025. "Sustainable transitions in OECD nations: Does governance performance drive the SDGs integration with carbon emissions?," Innovation and Green Development, Elsevier, vol. 4(5).
    20. Jun‐Zhuo Wang & Gen‐Fu Feng & Zhu‐Jia Yin & Chun‐Ping Chang, 2025. "Does women's political participation promote green innovation? Global evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 1847-1862, March.

    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. Taner Güney & Ersin Nail Sağdıç, 2025. "Government Effectiveness, Solar Energy, and CO2 Emissions in OECD Countries: A Panel Quantile Regression Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 11836-11855, September.
    2. Sihan Liu & Hasibul Islam & Tusher Ghosh & Muhammad Sibt e Ali & Kaniz Habiba Afrin, 2025. "Exploring the nexus between economic growth and tourism demand: the role of sustainable development goals," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
    3. Xu, Hui & Wang, Xinpu & Zhang, Dawei, 2025. "Internet access and rural energy poverty alleviation in China: The moderating role of human capital," Energy, Elsevier, vol. 335(C).
    4. Islam, Hasibul, 2025. "Dynamic effects of uncertainty, risks, R&D, and innovation on global economic growth," Innovation and Green Development, Elsevier, vol. 4(2).
    5. Cem Işık & Serdar Ongan & Hasibul Islam & Stefania Pinzon & Gul Jabeen, 2024. "Navigating sustainability: Unveiling the interconnected dynamics of ESG factors and SDGs in BRICS‐11," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 5437-5451, October.
    6. Chen, Huangxin & Zhang, Li & Pinzon, Stefania & Chen, Hongxi & Chen, Bin, 2025. "Decarbonizing the G7: Renewable energy, economic growth, globalization, and policy Pathways to sustainability," Renewable Energy, Elsevier, vol. 244(C).
    7. Muhammad Shahzad Sardar & Nabila Asghar & Hafeez ur Rehman, 2024. "Moderation of competitiveness in determining environmental sustainability: economic growth and transport sector carbon emissions in global perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(1), pages 1481-1503, January.
    8. Hassan, Zohaib & Xu, Deyi & Shah, Abbas & Tehseen, Sanam & Hassan, Anees Ul & Hassan, Waseem & Ali, Yasir, 2026. "Environmental Resilience in E7 Emerging Economies: The role of Mineral Complexity, Renewable Energy and Innovation in driving Sustainable Growth," Renewable Energy, Elsevier, vol. 256(PE).
    9. Zhezhou Li & Chen Jiao & Difan Wu & Jianhao Zhang, 2025. "Can digital financial inclusion improve the ecological environment? Evidence from counties in the Yellow River Basin of China," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-13, December.
    10. Olaniyi, Clement Olalekan & Odhiambo, Nicholas Mbaya, 2025. "Finding explanations for weak economic complexity in resource-rich African countries: Exploring the role of natural resource endowment and institutional quality," Resources Policy, Elsevier, vol. 101(C).
    11. Xulong Dai & Farzana Abid, 2026. "Macroeconomic, Digital, and Environmental Determinants of International Tourism Arrivals: Evidence From the U.S., China, and Germany," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S2), pages 828-842, March.
    12. Zhao, Tong & Shi, Qiumei & Zhang, Xingnian & Zhang, Tianyi, 2024. "Decoding green food safety information dependency in the digital era: An intelligent validation using SEM-ANN framework," Journal of Retailing and Consumer Services, Elsevier, vol. 79(C).
    13. Chenggang Li & Wanyue Zhang & Zhenci Xu & Yuanrui Zhang & Mu Yue & Liang Wu & Xin Wang & Alexander Wang & Junying Xu, 2025. "Impacts and threshold effects of total factor energy efficiency on carbon emissions and carbon neutrality across China’s cities," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-18, December.
    14. Yu Lai & Jiaxi Zhou & Liuyang Yao, 2026. "Signal of Sustainable Agriculture! Nonlinear Impact of Climate Policy Uncertainty: New Evidence From China's Agricultural Sector," Sustainable Development, John Wiley & Sons, Ltd., vol. 34(S1), pages 127-147, January.
    15. Sefa ÖZBEK & Serkan ŞAHİN, 2025. "Moderating role of globalization in agriculture–environment nexus: insights from the inverted load capacity factor," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 13(1), pages 1-27, December.
    16. Zhao, Congyu & Wang, Jianda & Dong, Kangyin & Wang, Kun, 2023. "How does renewable energy encourage carbon unlocking? A global case for decarbonization," Resources Policy, Elsevier, vol. 83(C).
    17. Zhao, Congyu & Jia, Rongwen & Dong, Kangyin, 2023. "How does smart transportation technology promote green total factor productivity? The case of China," Research in Transportation Economics, Elsevier, vol. 101(C).
    18. Dong, Kangyin & Jia, Rongwen & Zhao, Congyu & Wang, Kun, 2023. "Can smart transportation inhibit carbon lock-in? The case of China," Transport Policy, Elsevier, vol. 142(C), pages 59-69.
    19. Wang, Kai-Hua & Wen, Cui-Ping & Xu, Bao-Chang & Li, Xin, 2024. "Receiver or transmitter? Unlocking the role of green technology innovation in sustainable development, energy, and carbon markets," Technology in Society, Elsevier, vol. 79(C).
    20. Raihan, Asif, 2024. "A review of the potential opportunities and challenges of the digital economy for sustainability," Innovation and Green Development, Elsevier, vol. 3(4).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:eee:ingrde:v:4:y:2025:i:1:s2949753124000602. 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: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/innovation-and-green-development .

    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.