AN EMPIRICAL ANALYSIS OF INNOVATIVE EFFORTS AS AN INSTRUMENT OF GREEN INDUSTRIAL POLICY FOR SELECTED COUNTRIES

Rafael Moraes de Sousa () and Karina Palmieri de Almeida ()
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Rafael Moraes de Sousa: Universidade Federal do Maranhão
Karina Palmieri de Almeida: Universidade Federal de Uberlândia

Revista de Economia Mackenzie (REM), 2024, vol. 21, issue 1, 32-57

Abstract: This paper examines the relationship between innovative green (public) efforts and short and long-term environmental degradation, through a cointegration panel with 18 countries selected for the period 1995–2018. The ARDL Panel for cointegration was specified with variable effects of scale, composition and technological change. The results obtained that higher levels of public expenditure on resources directed towards environmental R&D (green innovative efforts), with the aim of green technologies, have a negative relationship with the growth of environmental impacts, i.e., that is. such investments have a good expectation of reducing environmental degradation.

Keywords: Green Industrial Policy; innovative efforts; degradation; Panel ARDL; cointegration. (search for similar items in EconPapers)
JEL-codes: C23 O13 O25 Q58 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:21:1:2024:jan:jun:p:32-57

DOI: 10.5935/1808-2785/rem.v21n1p.32-57

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