Analyzing the Nexus of Globalization, Green Technological Innovation,Tourism and Environment in High-Emitting Economies

Authors

https://doi.org/10.48313/iee.vi.51

Abstract

In the era of advancement, our globe grapples with formidable challenges, with a particular emphasis on the escalating issue of environmental degradation. Recent years have witnessed a heightened scrutiny of the interplay between globalization and ecological sustainability. In this regard, different studies have investigated different elements that affect environmental sustainability. However, the impact of Green Technological Innovations  (GTIs) on the environment has been overlooked. This study fills the gap by investigating the impact of GTI on environmental sustainability. Therefore, this study endeavors to explore the repercussions of globalization, GTI,  Gross Domestic Product (GDP), and tourism on the environment across five nations—China, Japan, India, Russia, and the United States—spanning the period from 1992 to 2021. Employing an Autoregressive Distributed Lag (ARDL) model, the investigation seeks to unveil the enduring relationships among the variables under consideration. The empirical results divulge a positive correlation between globalization and Carbon Dioxide (CO2) levels in China, Russia, Japan, and India, contrasting with a negative association in the United States. Notably, a beneficial connection between GTI and the environment is observed in all studied countries. The study further reveals an inverse link between GDP and environmental indicators across all examined countries. Additionally, tourism is identified as a contributor to pollution in India and Russia, while serving as a mitigating factor in China, Japan, and the United States. The policymakers and governments of these countries should emphasize the implementation of GTIs for environmental sustainability.          

Keywords:

Environment, Globalization, Green technological innovation, Gross domestic product, Autoregressive distributed lag

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Published

2025-05-27

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Vol. 1 No. 2 (2025): Innovations in Environmental Economics (IEE)

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Analyzing the Nexus of Globalization, Green Technological Innovation,Tourism and Environment in High-Emitting Economies. (2025). Innovations in Environmental Economics , 1(2), 171-195. https://doi.org/10.48313/iee.vi.51

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