Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators
Environmental deterioration is a substantial hazard to sustainable development. To add new dimensions to the discussion. This study aims to consider the impact of patents on environmental technology and environmental degradation in Iceland, along with other indicators, such as economic growth, prima...
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Online Access: | http://dx.doi.org/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/pdf/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/full-xml/10.1002/gj.4722 |
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crwiley:10.1002/gj.4722 2024-09-30T14:37:04+00:00 Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators Kirikkaleli, Dervis Ali, Kishwar 2023 http://dx.doi.org/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/pdf/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/full-xml/10.1002/gj.4722 en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor Geological Journal volume 58, issue 7, page 2595-2609 ISSN 0072-1050 1099-1034 journal-article 2023 crwiley https://doi.org/10.1002/gj.4722 2024-09-17T04:51:08Z Environmental deterioration is a substantial hazard to sustainable development. To add new dimensions to the discussion. This study aims to consider the impact of patents on environmental technology and environmental degradation in Iceland, along with other indicators, such as economic growth, primary energy consumption (PEC) and trade openness. This effect has not been comprehensively examined in the case of Iceland's economy. To this end, the study adopted novel econometric Fourier‐based estimators. The Fourier‐augmented Dickey–Fuller (F‐ADF) unit root tests, Fourier‐autoregressive distributive lag (F‐ARDL) cointegration test, F‐ARDL for long run estimation, and the Fourier‐Toda and Yamamoto (Fourier TY) causality test to determine the impact of explanatory and control indicators on production‐based CO 2 emissions for the period 1995Q1 to 2019Q4. The findings revealed the impact of environmental technology and trade openness is negative and mitigates production‐based CO 2 emissions and increases environmental sustainability in Iceland. In contrast, economic growth and PEC were found to have harmful and positive influences on production‐based CO 2 emissions and increases environmental deterioration in the region. In addition, the Fourier TY causality test suggests unidirectional causality between these indicators in Iceland and the outcome further confirms that environmental technology and trade openness are vital for decreasing production‐based CO 2 emissions in Iceland. Thus, the study findings benefit policymakers in adopting green innovation activities that increase sustainable energy resources and minimize the detrimental effects of a boost in economic activities in Iceland for sustainable development. Article in Journal/Newspaper Iceland Wiley Online Library Fuller ENVELOPE(162.350,162.350,-77.867,-77.867) Geological Journal 58 7 2595 2609 |
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Wiley Online Library |
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crwiley |
language |
English |
description |
Environmental deterioration is a substantial hazard to sustainable development. To add new dimensions to the discussion. This study aims to consider the impact of patents on environmental technology and environmental degradation in Iceland, along with other indicators, such as economic growth, primary energy consumption (PEC) and trade openness. This effect has not been comprehensively examined in the case of Iceland's economy. To this end, the study adopted novel econometric Fourier‐based estimators. The Fourier‐augmented Dickey–Fuller (F‐ADF) unit root tests, Fourier‐autoregressive distributive lag (F‐ARDL) cointegration test, F‐ARDL for long run estimation, and the Fourier‐Toda and Yamamoto (Fourier TY) causality test to determine the impact of explanatory and control indicators on production‐based CO 2 emissions for the period 1995Q1 to 2019Q4. The findings revealed the impact of environmental technology and trade openness is negative and mitigates production‐based CO 2 emissions and increases environmental sustainability in Iceland. In contrast, economic growth and PEC were found to have harmful and positive influences on production‐based CO 2 emissions and increases environmental deterioration in the region. In addition, the Fourier TY causality test suggests unidirectional causality between these indicators in Iceland and the outcome further confirms that environmental technology and trade openness are vital for decreasing production‐based CO 2 emissions in Iceland. Thus, the study findings benefit policymakers in adopting green innovation activities that increase sustainable energy resources and minimize the detrimental effects of a boost in economic activities in Iceland for sustainable development. |
format |
Article in Journal/Newspaper |
author |
Kirikkaleli, Dervis Ali, Kishwar |
spellingShingle |
Kirikkaleli, Dervis Ali, Kishwar Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
author_facet |
Kirikkaleli, Dervis Ali, Kishwar |
author_sort |
Kirikkaleli, Dervis |
title |
Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
title_short |
Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
title_full |
Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
title_fullStr |
Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
title_full_unstemmed |
Patents on environmental technologies and environmental degradation in a Scandinavian Country: Evidence from novel Fourier‐based estimators |
title_sort |
patents on environmental technologies and environmental degradation in a scandinavian country: evidence from novel fourier‐based estimators |
publisher |
Wiley |
publishDate |
2023 |
url |
http://dx.doi.org/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/pdf/10.1002/gj.4722 https://onlinelibrary.wiley.com/doi/full-xml/10.1002/gj.4722 |
long_lat |
ENVELOPE(162.350,162.350,-77.867,-77.867) |
geographic |
Fuller |
geographic_facet |
Fuller |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Geological Journal volume 58, issue 7, page 2595-2609 ISSN 0072-1050 1099-1034 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1002/gj.4722 |
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Geological Journal |
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58 |
container_issue |
7 |
container_start_page |
2595 |
op_container_end_page |
2609 |
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1811639995426930688 |