Received: 2022-04-16  |  Accepted: 2022-05-16  |  Published: 2022-06-30

Title

The role of entrepreneurship and innovation in the environmental and economic dimensions of growth


Abstract

This study is mainly performed to examine the effects of renewable energy, entrepreneurial activity, and innovation on GDP and CO2 emissions in 13 European countries from 2002 to 2017. The estimation of the feasible generalized least square (FGLS) method shows that the share of renewable energy consumption in accordance with the total energy consumption, entrepreneurial activity, and innovation, defined by the number of patents, increases the economic growth but inversely decreases CO2 emission. The share of research & development expenditure to GDP lowers the CO2 emission without having any impact on the economy. With reference to these results, a set of implications are deduced, specifically for policymakers. The substitution of renewable energy and the encouragement of innovative entrepreneurs to undertake green businesses are essential to attain the objectives of sustainable development.


Keywords

entrepreneurship, innovation, economic growth, environment, European countries


JEL classifications

L26 , Q51 , C01 , O44


URI

http://jssidoi.org/ird/article/101


DOI


HAL


Pages

85-95


Funding

The dissemination of the research supported by European Union's Horizon 2020 project H2020-MSCA-RISE-2014 CLUSDEVMED, Grant Agreement Number 645730730.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Maâlej, Ali
University of Sfax, Sfax, Tunisia https://univ-sfax.tn
Articles by this author in: CrossRef |  Google Scholar

Journal title

Insights into Regional Development

Volume

4


Number

2


Issue date

June 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1064  |  PDF downloads: 494

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