RETRACTED ARTICLE: Economic integration through renewable energy and digital currency in RCEP

Wen Jiayu () and Zehao Wang ()
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Wen Jiayu: Jinan University
Zehao Wang: Huazhong University of Science and Technology

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 41, 16 pages

Abstract: Abstract This research examines economic integration within the RCEP subset of 13 countries from 2000 to 2020, focusing on the impact of green energy and digital currency adoption. A 1% increase in sustainable energy deployment yields significant short-term (0.01%) and long-term (0.05%) improvements; while, a 1% rise in electronic banking transactions results in substantial short-term (0.19%) and long-term (0.26%) enhancements. A 1% GDP increase leads to notable short-term (0.32%) and long-term (0.59%) improvements, emphasizing economic strength’s importance. Improved internet access (1% increase) contributes to short-term (0.09%) and long-term (0.10%) economic integration. Conversely, a 1% increase in economic risk corresponds to a significant long-term reduction (0.33%) in economic integration. The research suggests crucial policy implications, emphasizing prioritizing green power generation, strengthening digital infrastructure, and promoting eco-friendly blockchain technologies for sustainable economic integration.

Keywords: Energy transformation; Economic integration; Digital currency; Green energy deployment; RCEP region (search for similar items in EconPapers)
JEL-codes: E42 F13 F15 O33 Q58 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09646-5

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