Next Article in Journal
Integrating Intellectual Property and Sustainable Business Models: The SBM-IP Canvas
Next Article in Special Issue
An Evaluation of the Tourism-Induced Environmental Kuznets Curve (T-EKC) Hypothesis: Evidence from G7 Countries
Previous Article in Journal
How Rocks Die: Changing Patterns of Discard and Re-Use of Ground Stone Tools in Middle Bronze Age Cyprus
Previous Article in Special Issue
Exploring the Role of Carbon Taxation Policies on CO2 Emissions: Contextual Evidence from Tax Implementation and Non-Implementation European Countries
Open AccessArticle

Examining the Asymmetric Nexus between Energy Consumption, Technological Innovation, and Economic Growth; Does Energy Consumption and Technology Boost Economic Development?

1
School of Economics and Finance, Xi’an Jiao tong University, Xi’an 710061, China
2
Department of Political Economy and Public Finance, Economics and Business Statistics and Economic Policy, University of Castilla-La Mancha, 50, 13001 Ciudad Real, Spain
3
School of Economics and Management, Southeast University, Nanjing 211189, China
*
Authors to whom correspondence should be addressed.
Sustainability 2020, 12(21), 8867; https://doi.org/10.3390/su12218867
Received: 23 September 2020 / Revised: 12 October 2020 / Accepted: 20 October 2020 / Published: 26 October 2020
(This article belongs to the Special Issue Energy Economics in Sustainability)
This study aims to explore the connection between the potential effects of energy consumption and technological innovation on economic growth in China from 1980 to 2018. The Non-Linear Autoregressive Distributive Lag (NARDL) econometric approach reveals an asymmetric connection between technological innovation, energy consumption, and economic growth in China from 1980 to 2018. The empirical results also reveal that a 1% decrease in energy consumption would imperatively decline economic growth by 12.5%. Moreover, a 1% upsurge in trademark applications improves economic growth by 8.2%. For the case of China, this study reveals that a large portion of the energy was used by families, which is regarded as a non-contributing element to the economy of China. This study suggests that the promotion and production of energy-efficient processes and products is necessary in order to make a more significant step toward sustainable development. The empirical findings also suggest that the Chinese government should regulate suitable policies aimed at promoting energy efficiency and the control of inefficient energy uses. View Full-Text
Keywords: economic development; energy consumption; resident patent; trademark applications; economic growth; NARDL asymmetric; economically active population economic development; energy consumption; resident patent; trademark applications; economic growth; NARDL asymmetric; economically active population
Show Figures

Figure 1

MDPI and ACS Style

Zeraibi, A.; Balsalobre-Lorente, D.; Shehzad, K. Examining the Asymmetric Nexus between Energy Consumption, Technological Innovation, and Economic Growth; Does Energy Consumption and Technology Boost Economic Development? Sustainability 2020, 12, 8867. https://doi.org/10.3390/su12218867

AMA Style

Zeraibi A, Balsalobre-Lorente D, Shehzad K. Examining the Asymmetric Nexus between Energy Consumption, Technological Innovation, and Economic Growth; Does Energy Consumption and Technology Boost Economic Development? Sustainability. 2020; 12(21):8867. https://doi.org/10.3390/su12218867

Chicago/Turabian Style

Zeraibi, Ayoub; Balsalobre-Lorente, Daniel; Shehzad, Khurram. 2020. "Examining the Asymmetric Nexus between Energy Consumption, Technological Innovation, and Economic Growth; Does Energy Consumption and Technology Boost Economic Development?" Sustainability 12, no. 21: 8867. https://doi.org/10.3390/su12218867

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop