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Green Innovation and Economic Growth: Managing Environmental Sustainability in Emerging and Developed Countries

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

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  • Sri Wahyuni

    (Hasanuddin University)

Abstract

Nowadays, many companies in the world have implemented green innovation as part of their strategy to adapt to environmental changes and meet the demands of consumers and customers who are increasingly concerned about sustainability. Green innovation has an important role in increasing a country’s economic growth by creating new jobs, increasing efficiency and productivity, attracting investment, and increasing global competitiveness and strengthening a country’s position in the international market. This study analyses the impact of investment in green technology, CO2 emissions, and total final energy use on nominal GDP (Gross Domestic Product) from both developed countries (Japan, Czech Republic, and United Kingdom), and emerging countries (Brazil and Indonesia). The study is using multiple regression analysis to analyse the correlation between those variables and the tool used was Data Analysis on Microsoft Excel. The regression models reveal significant relationships in some countries (Brazil, Czech Republic), but inconsistent or weak relationships in others (Indonesia, Japan, and United Kingdom). CO2 emissions generally have a negative impact, as expected; while investment in green technology and energy use have positive effects in certain cases.

Suggested Citation

  • Sri Wahyuni, 2025. "Green Innovation and Economic Growth: Managing Environmental Sustainability in Emerging and Developed Countries," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 2371-2384, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_189
    DOI: 10.2991/978-94-6463-758-8_189
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