The nexus between technological innovation, human capital and energy efficiency: Evidence from E7 countries

IF 7.2 1区地球科学 Q1 GEOSCIENCES, MULTIDISCIPLINARY Gondwana Research Pub Date : 2024-08-10 DOI:10.1016/j.gr.2024.07.021

Ahmed Samour , Mumtaz Ali , Turgut Tursoy , Magdalena Radulescu , Daniel Balsalobre-Lorente

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Abstract

Enhancing energy efficiency is very effective in supporting environmental sustainability. Financial inclusion, human capital, and technological innovation are newly cited as dominant factors for environmental sustainability in emerging economies. Against this background, this study investigated how financial inclusion and technological innovation affected energy efficiency in E7 countries from 2004 to 2021. The study identifies the diverse effect of variables at different quantiles through a novel Moments Quantile Regression (MM-QR) method to explore the heterogeneous interconnection among the variables. The MMQR outcomes suggest financial inclusion positively affects energy efficiency across all quantiles. Besides, the findings show that human capital positively affects energy efficiency in E7 countries at lower, medium, and higher quantiles. At the same time, estimated outcomes suggest that technological innovation promotes energy efficiency only at lower quantiles. This study recommends appropriate policies for decision-makers in E7 economies based on the study outcomes regarding adequately channelling human capital, financial resources, and technological innovation to promote energy efficiency and achieve sustainable development goals.

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技术创新、人力资本和能源效率之间的关系：来自 E7 国家的证据

提高能源效率对支持环境可持续性非常有效。金融包容性、人力资本和技术创新是新兴经济体环境可持续性的主导因素。在此背景下，本研究调查了 2004 年至 2021 年金融包容性和技术创新如何影响 E7 国家的能源效率。研究通过一种新颖的矩量回归（Moments Quantile Regression，MM-QR）方法确定了不同量级变量的不同影响，以探索变量之间的异质性相互联系。 MMQR 结果表明，金融包容性对所有量级的能源效率都有积极影响。此外，研究结果表明，在 E7 国家中，人力资本对低、中、高量级的能源效率均有积极影响。同时，估计结果表明，技术创新仅在较低的量化水平上促进能源效率。本研究根据研究结果，就如何充分引导人力资本、财政资源和技术创新以提高能源效率和实现可持续发展目标，为 E7 经济体的决策者提出了适当的政策建议。

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来源期刊

Gondwana Research 地学-地球科学综合

CiteScore

12.90

自引率

6.60%

发文量

298

审稿时长

65 days

期刊介绍： Gondwana Research (GR) is an International Journal aimed to promote high quality research publications on all topics related to solid Earth, particularly with reference to the origin and evolution of continents, continental assemblies and their resources. GR is an "all earth science" journal with no restrictions on geological time, terrane or theme and covers a wide spectrum of topics in geosciences such as geology, geomorphology, palaeontology, structure, petrology, geochemistry, stable isotopes, geochronology, economic geology, exploration geology, engineering geology, geophysics, and environmental geology among other themes, and provides an appropriate forum to integrate studies from different disciplines and different terrains. In addition to regular articles and thematic issues, the journal invites high profile state-of-the-art reviews on thrust area topics for its column, ''GR FOCUS''. Focus articles include short biographies and photographs of the authors. Short articles (within ten printed pages) for rapid publication reporting important discoveries or innovative models of global interest will be considered under the category ''GR LETTERS''.