Technological innovation and energy efficiency in central Eastern European countries

Tian Mengxuan, Khalid Khan, Javier Cifuentes-Faura and Sheiladevi Sukumaran

Utilities Policy, 2024, vol. 88, issue C

Abstract: This study examines the causal relationship between technological innovation and energy efficiency in Central and Eastern European countries. The results indicate that technological innovation significantly impacts energy efficiency in the Czech Republic, Latvia, Lithuania, Slovakia, and Slovenia through various economic and political factors. Conversely, energy efficiency also significantly affects technological innovation in Estonia, Hungary, and Slovakia. These findings suggest that energy efficiency is a function of the rate of innovation adoption. It is recommended that these countries prioritize implementing reforms that bolster economic freedom and institutional quality to foster innovation.

Keywords: Technological innovation; Energy efficiency; Panel bootstrap causality (search for similar items in EconPapers)
JEL-codes: C00 O32 Q40 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:88:y:2024:i:c:s0957178724000547

DOI: 10.1016/j.jup.2024.101761

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