The Effects of Renewable Energy, Innovation, and Governance on Climate Change and Economic Growth-Investigating the Opportunities and Challenges for Emerging Asia

Anasuya Haldar and Narayan Sethi ()
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Narayan Sethi: Department of Humanities and Social Sciences, National Institute of Technology Rourkela, India

Asian Economics Letters, 2023, vol. 4, issue 2, 1-7

Abstract: The paper investigates the opportunities provided by renewable energy consumption and innovation along with the challenges posed by corruption and political instability, for climate- change mitigation and economic growth in seven selected emerging Asian economies from 2000 to 2018. Based on panel ARDL and 3SLS estimations, we find that both renewable energy and corruption control are beneficial to the economy and the environment. In contrast, innovation, non-renewable energy consumption, and trade result in environmental degradation in these economies. These findings are relevant for sustainable economic growth in these countries.

Keywords: Renewable energy; Innovation; Governance; Climate change; Economic growth (search for similar items in EconPapers)
JEL-codes: O31 O40 Q20 Q48 Q53 (search for similar items in EconPapers)
Date: 2023
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