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Catalyzing renewable energy deployment in the Mercosur economies: A synthesis of human capital, technological innovation and green finance

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dc.title Catalyzing renewable energy deployment in the Mercosur economies: A synthesis of human capital, technological innovation and green finance en
dc.contributor.author Sampene, Agyemang Kwasi
dc.contributor.author Li, Cai
dc.contributor.author Takyi, Kwabena Nsiah
dc.relation.ispartof Energy Strategy Reviews
dc.identifier.issn 2211-467X Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.issn 2211-4688 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2024
utb.relation.volume 53
dc.type article
dc.language.iso en
dc.publisher Elsevier Ltd
dc.identifier.doi 10.1016/j.esr.2024.101388
dc.relation.uri https://www.sciencedirect.com/science/article/pii/S2211467X24000956
dc.relation.uri https://www.sciencedirect.com/science/article/pii/S2211467X24000956/pdfft?md5=8c76ef95f607cebc6fddba47c0193f32&pid=1-s2.0-S2211467X24000956-main.pdf
dc.subject economic expansion en
dc.subject human capital en
dc.subject green finance en
dc.subject renewable energy consumption en
dc.subject technological innovation en
dc.subject urbanization en
dc.description.abstract It has become a global agenda for the transition toward sustainable energy systems; the Mercosur region faces unique opportunities and challenges in harnessing the potential of renewable resources. Against this backdrop, this study thoroughly investigates the determinants of renewable energy consumption (REC) for Mercosur nations. The research examined the influence of economic expansion, green finance, technological innovation, human capital, government effectiveness, and urbanization on the integration and transition of REC. Incorporating a comprehensive approach, the study integrated the CS-ARDL econometric model and panel data for over three decades (1990–2021). The analysis revealed that economic expansion, green finance, technological innovation, human capital and government effectiveness are advantageous and essential for advancing REC deployment in the Mercosur nations. In addition, the outcome espoused that urbanization is detrimental to the progress of REC. Moreover, there is a one-way causality between economic expansion, green finance, technological innovation and green finance to REC. Still, there is a bi-directional link between human capital, urbanization, and renewable energy consumption. The outcome of this paper contributes to the ongoing discussion on sustainable development, providing essential insight for stakeholders, policy-makers and researchers seeking to investigate the complexities of transitioning towards a more resilient and greener energy landscape. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1011997
utb.identifier.scopus 2-s2.0-85190719343
utb.identifier.wok 001232058800001
utb.source j-scopus
dc.date.accessioned 2024-08-22T12:59:39Z
dc.date.available 2024-08-22T12:59:39Z
dc.description.sponsorship excellent innovation team construction project of philosophy and Social Sciences in Colleges and universities of Jiangsu Province; Ministry of Education of the People's Republic of China, MOE, (18YJA630105); Ministry of Education of the People's Republic of China, MOE
dc.description.sponsorship Excellent innovation team construction project of philosophy and Social Sciences in Colleges and universities of Jiangsu Province; Humanities and Social Sciences Research Program of the Ministry of Education: Research on the Formation Mechanism and Breakthrough Path of "Low-end Capture "in the Global Value Chain of High-tech Industry [18YJA630105]
dc.rights Attribution-NonCommercial 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Takyi, Kwabena Nsiah
utb.fulltext.sponsorship [1] Innovation team construction of “low carbon economy and industrial development,” supported by the excellent innovation team construction project of philosophy and Social Sciences in Colleges and universities of Jiangsu Province.” [2] The Humanities and Social Sciences Research Program of the Ministry of Education: Research on the Formation Mechanism and Breakthrough Path of “Low-end Capture “in the Global Value Chain of High-tech Industry (18YJA630105).
utb.wos.affiliation [Sampene, Agyemang Kwasi; Li, Cai] Jiangsu Univ, Sch Management, Zhenjiang 212013, Jiangsu, Peoples R China; [Nsiah, Takyi Kwabena] Tomas Bata Univ, Dept Appl Econ, Mostni 5139, Zlin 76001, Czech Republic
utb.scopus.affiliation School of Management, Jiangsu University, Jiangsu, Zhenjiang, 212013, China; Department of Applied Economics, Tomas Bata University, Mostni 5139, Zlín, 76001, Czech Republic
utb.fulltext.projects 18YJA630105
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Attribution-NonCommercial 4.0 International Kromě případů, kde je uvedeno jinak, licence tohoto záznamu je Attribution-NonCommercial 4.0 International