ArticleEnvironmental science and pollution research international2022
Effects of economic complexity, economic growth, and renewable energy technology budgets on ecological footprint: the role of democratic accountability.
Article in Environmental science and pollution research international, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 8 papers.
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Who cites it
8 citing papers in PubMed.
- FinTech driven green energy transition foreign direct investment and ecological footprint in BRICST countries.Scientific reports · 2025Article
- Investigating the biodiversity conservation capability of technological innovation and FinTech.Heliyon · 2024Article
- Article
- The impact of R&D factors flow and regional absorptive capacity on China's economic growth: Theory and evidence.PloS one · 2024Article
- Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?PloS one · 2024Article
- Article
- Pollution halo impact in context of productive capacities, energy poverty, urbanization, and institutional quality.PloS one · 2023Article
- Roadmap for carbon neutrality: the mediating role of clean energy development-related investments.Environmental science and pollution research international · 2022Article
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Authors and funding
5 authors.
Funding
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Abstract
The economic structure of countries can influence economic growth, energy demand, and environmental footprints. However, the literature on economic complexity and ecological footprint (EFP) nexus is scarce. Besides, democracy is an important factor that may affect environmental policies and environmental sustainability. Hence, this paper investigates the effect of democracy, economic complexity, and renewable energy technology budgets on the EFP in G7 countries controlling income and financial development from 1985 to 2017. The findings from Westerlund (J Appl Econ 23:193-233, 2008) and other cointegration methods depict cointegration among variables. The long-run estimates from the continuously updated fully modified method unfold that economic complexity contributes to reducing the EFP. However, greater democratic accountability boosts the EFP figures rather than reducing them. On the flipside, renewable energy technology budgets and financial development are evidenced to mitigate EFP. Moreover, the study unveils a U-shaped linkage between economic growth and EFP, which indicates that an increase in income level will boost EFP. Further, the study found causality from economic complexity, democracy, and renewable energy budgets to EFP. Based on these findings, it is pertinent for the G7 countries to increase the manufacturing of sophisticated and complex products. In addition, enhancing renewable energy technology budgets is essential to ensure environmental well-being.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.