Does green environmental innovation really matter for carbon-free economy? Nexus among green technological innovation, green international trade, and green power generation

Abstract

This study examines the association among the green energy production (GEP), green technological innovation (GTI), and green international trade (GIT) on the ecological footprints (EFP). In addition, this research applies fully modified least square (FMOLS) to estimate the empirical outcomes, while dynamic least square (DOLS) is used to check the robustness of the outcomes. Although, the selection of the assessment technique depends on the order of integration of the selected series. Before estimation, some diagnostic tests are also performed to ensure the reliability of the data set. Furthermore, the empirical outcomes of the present analysis are twofold: at begin, this research discovered a negative relationship between GEP and EFP. Secondly, this research reveals that GTI has also an adverse impact on EFP along with GIT, which is unsurprising. Results imply that advancement in green technological innovations tends to improve the EQ by reducing the level of EFP.

Keywords: Ecological footprints; Green energy production; Green international trade; Green technological innovation; South Asian economies.