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How Industrial Output, Economic Growth, Environmental Technology, and Globalization Impact Load Capacity Factor in E7 Nations

Author

Listed:
  • Boying Wang

    (Journal Publishing Center, Renmin University of China, Beijing 100872, China)

  • Runguo Xu

    (School of International Relations, Yonsei University, Seoul 03722, Republic of Korea)

Abstract

Today nations across the globe are striving to achieve sustainable development. Additionally, natural resources, industrial output, economic expansion, environmental technology, and the current globalization era are thought to be the key indicators that directly cause environmental deterioration. As a result, a more thorough evaluation of the state of the ecosystem is required. The current study examines the dynamic relationship between the load capacity factor for the E7 countries from 2000 to 2022 and globalization, industrial output, economic growth, environmental technologies, and natural resources. Furthermore, for reliable and effective results, the current study uses cointegration, long-run elasticity calculation, and second-generation panel unit root tests to validate the existence of cross-sectional dependency. The research revealed that while other possible causes like globalization and industrial output lead to greater environmental degradation, natural resources and environmental technologies significantly reduce environmental deterioration. Several policy recommendations are developed to combat and manage the environmental effects of the E7 based on these empirical findings.

Suggested Citation

  • Boying Wang & Runguo Xu, 2025. "How Industrial Output, Economic Growth, Environmental Technology, and Globalization Impact Load Capacity Factor in E7 Nations," Sustainability, MDPI, vol. 17(4), pages 1-18, February.
    • Handle: RePEc:gam:jsusta:v:17:y:2025:i:4:p:1419-:d:1587147
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    References listed on IDEAS

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    JEL classification:

    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics

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