{"title":"Green energy as a new determinant of green growth in China: The role of green technological innovation","authors":"Jiaman Li , Kangyin Dong , Xiucheng Dong","doi":"10.1016/j.eneco.2022.106260","DOIUrl":null,"url":null,"abstract":"<div><p>As China attaches great importance to accelerating the energy transition, improving national innovation capability, and achieving green growth, it is essential to investigate the nexus of green energy, technological innovation, and growth (3G). This paper utilizes the system generalized method of moments (SYS-GMM) estimator for exploring the impacts of green energy and green technological innovation on green growth. This paper also investigates the moderating and mediating roles of green technological innovation, heterogeneity, and asymmetry in 3G nexus. Therefore, the following conclusions are highlighted: (1) Green energy and green technological innovation are positively associated with green growth, and green technological innovation can enhance the positive influence of the green energy on growth and further promote sustainable economic development; (2) green technological innovation is a positive mediator in the impact of green energy on growth; (3) the impact of green energy is heterogeneous and asymmetric, while the influence of green technological innovation is consistent. This study highlights several policy implications aimed at enhancing green growth and sustainable development in China.</p></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":null,"pages":null},"PeriodicalIF":13.6000,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"21","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0140988322004005","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 21
Abstract
As China attaches great importance to accelerating the energy transition, improving national innovation capability, and achieving green growth, it is essential to investigate the nexus of green energy, technological innovation, and growth (3G). This paper utilizes the system generalized method of moments (SYS-GMM) estimator for exploring the impacts of green energy and green technological innovation on green growth. This paper also investigates the moderating and mediating roles of green technological innovation, heterogeneity, and asymmetry in 3G nexus. Therefore, the following conclusions are highlighted: (1) Green energy and green technological innovation are positively associated with green growth, and green technological innovation can enhance the positive influence of the green energy on growth and further promote sustainable economic development; (2) green technological innovation is a positive mediator in the impact of green energy on growth; (3) the impact of green energy is heterogeneous and asymmetric, while the influence of green technological innovation is consistent. This study highlights several policy implications aimed at enhancing green growth and sustainable development in China.
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.