Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies
Abstract Recent advancements in industrialization have sparked substantial interest among the academic community and policymakers regarding energy consumption. The consumption patterns of distinct energy types seem to be influenced by many national and international factors. In this essence, this st...
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| Format: | Article |
| Language: | English |
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Wiley
2025-03-01
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| Series: | Global Challenges |
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| Online Access: | https://doi.org/10.1002/gch2.202400345 |
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| author | Minyan Yu Umar Farooq Mosab I. Tabash Abdullah A. Aljughaiman Abdulateif A. Almulhim |
| author_facet | Minyan Yu Umar Farooq Mosab I. Tabash Abdullah A. Aljughaiman Abdulateif A. Almulhim |
| author_sort | Minyan Yu |
| collection | DOAJ |
| description | Abstract Recent advancements in industrialization have sparked substantial interest among the academic community and policymakers regarding energy consumption. The consumption patterns of distinct energy types seem to be influenced by many national and international factors. In this essence, this study investigates the effects of technological innovation and trade orientation on renewable energy consumption (REC). Using panel data from G‐7 economies from 2000 to 2019, Panel EGLS (estimated generalized least square) and ARDL (autoregressive distributed lag) models are employed to check the regression. The analysis reveals that both technological innovation and export orientation have a significant and positive impact on REC. In contrast, import orientation negatively affects REC. The results highlight that technological advancements and a focus on export‐oriented trade strategies can significantly boost REC. Policymakers are encouraged to invest in research and development to advance renewable energy technologies and provide incentives for their adoption. These measures are crucial for achieving environmental sustainability and reducing pollution. The study provides valuable insights into how national and international trade dynamics influence renewable energy usage. |
| format | Article |
| id | doaj-art-0bd2ee61261c47c7ac982952bea113ef |
| institution | OA Journals |
| issn | 2056-6646 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Wiley |
| record_format | Article |
| series | Global Challenges |
| spelling | doaj-art-0bd2ee61261c47c7ac982952bea113ef2025-08-20T01:58:00ZengWileyGlobal Challenges2056-66462025-03-0193n/an/a10.1002/gch2.202400345Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 EconomiesMinyan Yu0Umar Farooq1Mosab I. Tabash2Abdullah A. Aljughaiman3Abdulateif A. Almulhim4Jiangxi Modern Polytechnic College Nanchang 330095 ChinaSchool of Economics and Finance Xi'an Jiaotong University Xi'an Shaanxi Province 710049 P. R. ChinaCollege of Business Al Ain University Al Ain 64141 United Arab EmiratesFinance Department School of Business King Faisal university Al hafouf 31982 Saudi ArabiaFinance Department Business School king Faisal University Al hafouf 31982 Saudi ArabiaAbstract Recent advancements in industrialization have sparked substantial interest among the academic community and policymakers regarding energy consumption. The consumption patterns of distinct energy types seem to be influenced by many national and international factors. In this essence, this study investigates the effects of technological innovation and trade orientation on renewable energy consumption (REC). Using panel data from G‐7 economies from 2000 to 2019, Panel EGLS (estimated generalized least square) and ARDL (autoregressive distributed lag) models are employed to check the regression. The analysis reveals that both technological innovation and export orientation have a significant and positive impact on REC. In contrast, import orientation negatively affects REC. The results highlight that technological advancements and a focus on export‐oriented trade strategies can significantly boost REC. Policymakers are encouraged to invest in research and development to advance renewable energy technologies and provide incentives for their adoption. These measures are crucial for achieving environmental sustainability and reducing pollution. The study provides valuable insights into how national and international trade dynamics influence renewable energy usage.https://doi.org/10.1002/gch2.202400345export orientationimport orientationrenewable energytechnological innovationtrade orientation |
| spellingShingle | Minyan Yu Umar Farooq Mosab I. Tabash Abdullah A. Aljughaiman Abdulateif A. Almulhim Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies Global Challenges export orientation import orientation renewable energy technological innovation trade orientation |
| title | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies |
| title_full | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies |
| title_fullStr | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies |
| title_full_unstemmed | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies |
| title_short | Technological Innovation and Trade Orientation as Drivers of Renewable Energy Consumption: Panel Evidence from G7 Economies |
| title_sort | technological innovation and trade orientation as drivers of renewable energy consumption panel evidence from g7 economies |
| topic | export orientation import orientation renewable energy technological innovation trade orientation |
| url | https://doi.org/10.1002/gch2.202400345 |
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