Sustainability, Год журнала: 2025, Номер 17(8), С. 3321 - 3321
Опубликована: Апрель 8, 2025
Environmental degradation poses a significant global challenge which necessitates innovative strategies to achieve sustainability. This study investigates the impact of technological innovation (TCN), higher education (EDU), green finance (GRF), globalization (GLI), and entrepreneurship (ENT) on environmental quality (EQ) in G20 countries. The uses panel data from 2000 2020 investigate relationships between variables. Among various diagnostic tests conducted, Variance Inflation Factor (VIF) confirms that multicollinearity is not present. Furthermore, cross-sectional dependence (CSD) test identifies interdependence among Moreover, slope homogeneity (SL) indicates heterogeneity data. For stationarity check, Cross-Sectional Augmented Im–Pesaran–Shin (CIPS) mixed results. Finally, Cross-Sectionally Autoregressive Distributed Lag (CS-ARDL) Generalized Method Moments (GMM) for long- short-run analysis outcomes CS-ARDL indicate GLI has negative EQ, hence causing deterioration economies. On other hand, TCN, EDU, GRF, ENT show positive impacts therefore enhancing outcomes. Additionally, Dumitrescu–Hurlin causality reveals bidirectional causality, highlights interconnected relationship TCN with EQ. However, demonstrate unidirectional takeaway focuses importance policies promoting innovation, resource efficiency, sustainable practices advance within
Язык: Английский