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Innovations and ICT: Do They Favour Economic Growth and Environmental Quality?

Carmen Diaz-Roldan () and María del Carmen Ramos-Herrera ()
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María del Carmen Ramos-Herrera: Department of Economic Analysis: Economic Theory, Autonomous University of Madrid Cantoblanco, 28049 Madrid, Spain

Energies, 2021, vol. 14, issue 5, 1-17

Abstract: In this paper, we examine whether innovation and information and communication technology (ICT) contribute to reducing producer prices, thus promoting economic growth. We also check whether the contributions of ICT enhance environmental quality, leading to sustainable economic growth. To this end, we apply panel data techniques to the 27 EU countries over the period of recovery from the financial crisis. Our results suggest that technological progress leads to a significant reduction in producer prices. Moreover, controlling for some macroeconomics factors, ICT fosters per capita economic growth in the European countries. Finally, we found that the higher the ICT employment is, the lower greenhouse gas emissions are.

Keywords: ICT; economic growth; environmental quality; GHG emissions; Q55; F43; C23 (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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