The impact of supply chain and digitization on the development of environmental technologies: Unveiling the role of inflation and consumption in G7 nations

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2024-12-25 DOI:10.1016/j.eneco.2024.108165

Hanzhen Liu, Ningxin Li, Shenghan Zhao, Pengcheng Xue, Chenyuan Zhu, Yun He

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引用次数: 0

Abstract

The development of environmental technologies has played a significant role in socio-economic development, including economic growth, life expectancy, and employment levels in societies. However, this development has also resulted in various environmental consequences. The novel aspect of this study is to fill gaps in the literature by offering a unique perspective on the combined influence of supply chain disruptions and digital technologies, along with economic factors, on the advancement of environmental technologies in G7 nations. Fixed-effects regression and Prais–Winsten regression with correlated panels corrected standard errors (PCSEs) were utilized to examine the relationships among variables from 1990 to 2020. The findings show that supply chain disruptions, digitalization, foreign direct investment, and economic growth have positive effects on the development of environment-related technologies. In contrast, consumption and inflation have negative effects. The findings suggest that enhancing supply chain, digitalization, and foreign investment while managing consumption and inflation can promote sustainable technological development. Policymakers in G7 nations should incorporate these insights into strategies for advancing environmental technologies.

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.