 Does natural-resource-dependency create the need of green innovation?Zhichao Yu, Ik Joong Youn, Noha Alessa and Hela Borgi Resources Policy, 2023, vol. 85, issue PA Abstract: This paper examines the relationship between natural-resource-dependency and green innovation. Specifically, we analyse the effect of natural resources on green innovation across sixty different countries during the 2010–2018 period. We collect data from various sources, such as the World Development Indicators, World Governance Indicators and Organisation for Economic Co-operation and Development (OECD) statistics. The findings show that reliance on natural resources positively and significantly affects green innovation, particularly for oil and gas rich countries. This positive effect is more pronounced in OECD countries. Further analyses show that carbon emissions significantly moderate the relationship between natural resource dependency and green innovation. This study has policy and practical implications and suggests that governments and policy-makers should prioritise investment in green innovation. They should build green recovery strategies by offering incentives and encouraging firms to develop green innovation as a sustainable practice. Keywords: Green innovation; Carbon emissions; Natural resources; Green economy; Sustainable development. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723006578 DOI: 10.1016/j.resourpol.2023.103946 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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