Prospect of trade and innovation in renewable energy deployment: A comparative analysis between BRICS and MINT Countries

Basit Öğe Kaydı
dc.authoridOnifade, Stephen Taiwo/0000-0003-1497-7835
dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridOfori, Elvis Kwame/0000-0001-5404-9078
dc.contributor.authorOfori, Elvis K.
dc.contributor.authorBekun, Festus V.
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorAli, Ernest B.
dc.contributor.authorOnifade, Stephen T.
dc.contributor.authorAsongu, Simplice A.
dc.date.accessioned2024-09-11T19:51:19Z
dc.date.available2024-09-11T19:51:19Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThe current study explores the impact of technological innovation and trade openness on clean energy while accounting for economic growth, access to electricity, pollution, industrial restructuring, and urbanization using data from 1990 to 2020 for both the MINT and BRICS economies. A series of tests were performed for a robust analysis using second generation econometrics approaches before proceeding to investigate the long-run linkages between renewable energy and the duo of innovation and trade using the Prais-Winsten regression model with panel-corrected standard errors (PCSE). The Driscoll-Kraay standard errors test was applied for robustness checks. The results, firstly confirm the presence of heterogeneity, cross-sectional dependence, and cointegration among the selected variables. Secondly, technological innovation as a renewable energy determinant demonstrated negative elasticities in both BRICS countries and the full sample, but a positive elasticity in the MINT countries. Thirdly, concerning trade liberalisation, negative elasticities were obtained for the full sample and MINT countries, while the elasticities were positive for the BRICS bloc. Fourthly, the roles of economic growth and environmental pollution reveal a negative impact on renewable energy consumption for all samples while urbanisation and industrial restructuring promote renewable energy developments only in the BRICS bloc. Policy implications are discussed.en_US
dc.identifier.doi10.1016/j.renene.2024.120757
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85195065999en_US
dc.identifier.urihttps://doi.org/10.1016/j.renene.2024.120757
dc.identifier.urihttps://hdl.handle.net/11363/7754
dc.identifier.volume229en_US
dc.identifier.wosWOS:001251235600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofRenewable Energyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectRenewable energyen_US
dc.subjectTrade liberalisationen_US
dc.subjectTechnological innovationen_US
dc.subjectPrais-winsten regressionen_US
dc.titleProspect of trade and innovation in renewable energy deployment: A comparative analysis between BRICS and MINT Countriesen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu