Economic Change and Restructuring最新文献

The relationship between energy technology R&D and energy consumption has remained an unsettled empirical issue. This study investigates whether accumulative energy technology R&D investments have contributed to decreases in final energy and fossil fuel consumption in 19 OECD countries over the period 1975–2020. We ask whether an increase in energy technology R&D stocks has contributed to decreases in final energy and fossil fuel consumption and hence may effect energy savings. Methodologically, we treat the accumulation and depreciation of energy technology R&D investments as R&D stocks, and we use state-of-the-art estimation methods for dealing with cross-sectional dependence, nonstationarity, heterogeneity and time-varying coefficients that often plague panel-time-series models. Across our heterogeneous dynamic models, we find those estimators that properly account for cross-sectional dependence yield negative and significant coefficients on energy technology R&D stocks. Our time-varying estimates on energy technology R&D stocks confirm the above findings and feature two turning points—i.e., the 1979 oil shock, the Fukushima accident—in effecting energy savings. These two turning points provide strong evidence that the sample countries are subject to common shocks. The evidence we present supports the environmental sustainability orientated view that energy technology R&D is playing a prominent role in making energy savings.

This study delves into the complicated relationship between environmental performance and support for energy transition, emphasizing how ecological change influences this process. The analysis covers the period from 2005 to 2021, which includes a time of major worldwide changes in geopolitics, financial markets, and environmental concerns. In order to examine the complex and diverse dynamics, the study uses the time-varying vector auto-regression model, an advanced methodology specifically developed to capture the dynamic interactions between variables as they change over time. Drawing from various scholarly works, this study discusses how an effective environmental performance framework can contribute to and guarantee the successful transition toward sustainable energy practices. By clarifying the synergies between environmental performance and energy, this study provides valuable input into an urgent discussion of designing resilient future sustainability models in terms of energy.

There is now a global consensus on the imperative need for energy transition and sustainability. Green innovation has emerged as a key driver to achieve these goals, and governments have recognized the importance of facilitating it. Within this context, we offer a unique perspective by examining the impact of political promotion incentives on green innovation among executives of state-owned enterprises (SOEs), shedding light on the government’s role in fostering energy transition and sustainable practices. Our findings demonstrate that governments can effectively foster a commitment to green innovation among SOE executives by integrating green indicators into the criteria used for political promotions. Notably, we find that this positive influence is more prominent when the likelihood of political promotion is higher. We provide valuable recommendations for policymakers seeking to facilitate energy transition and drive sustainable development, particularly for economies with a substantial SOE presence.

The absence of consistent access to efficient energy sources has far-reaching consequences for people's health, their finances, and the economy as a whole. Using the UNDP human development index as a yardstick, this article compares and contrasts the effects of polluting versus clean energy sources on household economic growth, diverting attention away from the negative health consequences associated with energy poverty. Families who converted to renewable energy had an average 12.2% boost in family development, according to a comparison of 2005 and 2012 data from the Indian Human Development Survey. Taking into consideration the potential for endogeneity does not change the outcomes. We also found that, despite a surge in cleaner energy forms, families are still using polluting sources of power, which goes against our beliefs. Combating the increasing tendency for harmful energy usage requires government intervention and further research.