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All Journal JBMR: Journal of Business and Management Review
Fernando Fernando
Entrepreneurship Study Program, Faculty of Economics, Widya Mataram University, Yogyakarta Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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The Effect of R&D Expenditure on CO2 Emissions in Austria Bhenu Artha; Bahri Bahri; Ardhi Khairi; Fernando Fernando
Journal of Business and Management Review Vol. 2 No. 6 (2021): (Issue-June)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr26.1482021

Abstract

The developed financial sector can significantly provide financial services to developing economies by the motive as well as best opportunity of using new advanced technology; it may help them to maintain clean environment with help of environmentally friendly production, thus providing with a higher level of the global environmental quality and further it will boost sustainable development of economies (J. Frankel & Rose, 2002). Financial development would increase R&D investment as to speed up growth, thereby influencing the environmental quality (J. A. Frankel & Romer, 1999). The objective of this research is to determine the effect of R&D expenditure on CO2 emissions in Austria in 1996-2006. We presented a quantitative study using simple linear regression to analyze the data and as a result of this process, we found that R&D expenditure has significant effect to CO2 emissions in Austria in 1996-2006. The fact that R&D influence on CO2 emissions can be positive, negative and insignificant must be taken into account when designing environmental policies and various programs, strategies and initiatives to encourage and fund R&D activities, in the context of environmental protection, government efforts should be strictly focused on the promotion and support of R&D programs directly aimed at reducing CO2 emissions and increasing the use thereof (Petrović & Lobanov, 2020).
Co-Authors Ardhi Khairi Bahri Bahri Bhenu Artha