Numerous investigations have examined the factors affecting green growth. However, a majority of previous studies have not adequately investigated the role of energy productive capacity on green growth. Regrettably, the existing literature has ignored the structural differences between developing and developed countries that can have potential effects on the impact of energy productive capacity on green growth. Therefore, the purpose of this study is to investigate the impacts of energy productive capacity on green growth, taking into account the level of development of countries.
The objective of this study was to investigate the impacts of energy productive capacity on green growth, taking into account the level of development of countries. To achieve this objective, the study used the generalized method of moments (SYS-GMM) panel data model encompassing 109 countries, both developing and developed, over the period from 2010 to 2021.
The empirical findings revealed the negative effect of energy productive capacity on green growth. These effects are significantly greater for developed countries compared to developing countries. Furthermore, the study found that human capital, trade, green growth interruption and institutional quality have positive effects on green growth. However, the reduction of CO2 emissions caused by human activities does not have a significant effect on green growth. Moreover, the impact of economic complexity on green growth is negative in developing countries and positive in developed countries. In addition, according to the results obtained, the positive effects of human capital and trade on green growth are greater for developed countries compared to developing countries. The positive effects of green growth interruption and institutional quality on green growth are greater for developing countries than for developed countries.
Numerous investigations have examined the factors affecting green growth. However, a majority of previous studies have not adequately investigated the role of energy productive capacity on green growth. Regrettably, the existing literature has ignored the structural differences between developing and developed countries that can have potential effects on the impact of energy productive capacity on green growth.
