The synergistic roles of green openness and economic complexity in environmental sustainability of Europe's largest economy: Implications for technology-intensive and environmentally friendly products

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dc.authoridOnifade, Stephen Taiwo/0000-0003-1497-7835
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorAgozie, Divine Q.
dc.contributor.authorMusah, Mohammed
dc.contributor.authorOnifade, Stephen Taiwo
dc.contributor.authorPrusty, Sadananda
dc.date.accessioned2024-09-11T19:50:53Z
dc.date.available2024-09-11T19:50:53Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThe degrowth approach posits the idea that sustainable development and economic expansion are mutually exclusive. Conversely, it is believed that international trade within a complex economic system can help distribute green products to simultaneously ensure economic expansion and sustainable development. For this reason, the dynamic ARDL simulations technique was adopted to analyze the German economy's data from 2000 to 2020 toward determining the specific and interactive ecological implications of international green openness and economic complexity in Europe's largest economy. We discovered that green openness and economic complexity each have desirable impacts on ecofootprint, and their interaction further confirms a strong ecological-enhancing synergistic effect. The presence of the EKC phenomenon was also upheld from the analysis while clean energy exerts a positive impact on Germany's environmental quality level. The study further posits that a faster shift into the manufacture of technology-intensive and environmentally friendly products is possible for nations that invest in strengthening their internal technological skills to curb ecological harm. It is therefore advocated that even if the manufacturing of green items is not optimally done domestically, the special op-portunities presented by international trade in the distribution of green products should always be leveraged to foster environmental sustainability.en_US
dc.identifier.doi10.1016/j.eiar.2023.107220
dc.identifier.issn0195-9255
dc.identifier.issn1873-6432
dc.identifier.scopus2-s2.0-85165534719en_US
dc.identifier.urihttps://doi.org/10.1016/j.eiar.2023.107220
dc.identifier.urihttps://hdl.handle.net/11363/7696
dc.identifier.volume102en_US
dc.identifier.wosWOS:001047439200001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevier Science Incen_US
dc.relation.ispartofEnvironmental Impact Assessment Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectGreen opennessen_US
dc.subjectEconomic complexityen_US
dc.subjectGermany economyen_US
dc.subjectDynamic ARDL simulations techniqueen_US
dc.subjectEKCen_US
dc.titleThe synergistic roles of green openness and economic complexity in environmental sustainability of Europe's largest economy: Implications for technology-intensive and environmentally friendly productsen_US
dc.typeArticleen_US

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