Technological Innovation and Climate Change Mitigation: Effects and Transmission ChannelsAbstract: The main objective of our study is to examine the relationship between technological innovation and environmental sustainability in the case of MENA countries during the period 1990 to 2019. In order to explicitly integrate the possible cross-sectional dependencies problem, we use panel cointegration methods. The outcome indicates the rejection of the EKC hypothesis because these countries have not yet reached the threshold of GDP. Yet, financial development and technological innovation do not have direct effects on CO2 emissions. Also, foreign direct investment and energy consumption have negative impacts on environmental quality. However, the interaction between technological innovation on the one hand and energy consumption, financial development, trade, and foreign direct investment on the other hand can reduce CO2 emissions. Consequently, policymakers should not only develop financial and technological systems but also develop more technological goods traded and enhance renewable energy use

Fethi Amri ()
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Fethi Amri: University of Gabes

Pages: 22
Date: 2023-12-20, Revised 2023-12-20
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env and nep-mac
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