| Title |
Green R&D Cycles, Innovation Disruptions, and the Interplay of Sustainable Growth and Pollution Emission Trends |
| ID_Doc |
35042 |
| Authors |
Ahmad, M |
| Title |
Green R&D Cycles, Innovation Disruptions, and the Interplay of Sustainable Growth and Pollution Emission Trends |
| Year |
2024 |
| Published |
|
| DOI |
10.1007/s13132-024-02250-y |
| Abstract |
This paper develops a simple dynamic endogenous green growth model to understand how cyclical green R&D stock affects green economic growth and pollution emissions. The green model has four distinct features. First, over time, long-term growth is achieved through eco-friendly innovation driven by the evolving trends of net green R&D. Second, green innovation results from the entrepreneurial investment in green R&D stock. Third, new green innovation replaces old, dirty technologies with improved, clean technologies. Fourth, persistent engagement in green innovation brings a pollution reduction. The theoretical implication of the model includes (a) the difference between desired green R&D and current R&D stocks brings cyclical dynamics in green innovation; (b) if current green R&D stock is less than desired green R&D stock, then positive shocks to green innovation increase green economic growth; (c) if current green R&D stock is more than the desired green R&D stock, the negative shocks to green innovation may decrease green economic growth; (d) if the net green R&D is more than zero, then the positive shocks to green innovation helps to mitigate pollution emissions; (e) if net green R&D is less than zero, then negative shocks to green innovation increase pollution emissions. |
| Author Keywords |
Green R&D stock; Green innovation; Green economic growth; Pollution emissions |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:001288485000001 |
| WoS Category |
Economics |
| Research Area |
Business & Economics |
| PDF |
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