| Title | The asymmetric effect of eco-innovation on the energy consumption structure: the US as a case study |
|---|---|
| ID_Doc | 32107 |
| Authors | Kazemzadeh, E; Shadmehri, MTA; Salari, TE; Salehnia, N; Pooya, A |
| Title | The asymmetric effect of eco-innovation on the energy consumption structure: the US as a case study |
| Year | 2023 |
| Published | Management Of Environmental Quality, 34, 1 |
| Abstract | Purpose One of the most important ways to pay attention to sustainable economic development is to invest in green technology and alter the energy consumption structure (ECS) in countries. Changing the ECS can be important in two ways: first, it increases the diversity of energy consumption and reduces energy dependence on other countries. Second, the use of highly polluted nonrenewable energy sources (such as oil and coal) is reduced, leading to the transfer of energy to natural gas with less carbon emissions or renewable energy. To this end, the authors examined the asymmetric effects of eco-innovation on the US ECS from 1980 to 2019. This paper aims to address this issue. Design/methodology/approach In this research, the nonlinear autoregressive distributed lag (ARDL) (NARDL) model is used and the results are compared with the linear ARDL model. Findings The ARDL results also confirm the positive effects of oil prices and GDP per capita in the long run. On the other hand, short-term and long-term Wald test results confirm the nonlinear effects of eco-innovation (LPATENT) on US ECS. These results indicate that 1% positive shock in LPATENT |
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