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Assessing the role of circular economy and green innovation in mitigating carbon emissions in the Visegrad countries Takyi, Kwabena Nsiah; Gavurova, Beata; Charles, Ofori; Mikeska, Martin; Sampene, Agyemang Kwasi
International Journal of Renewable Energy Development Vol 13, No 6 (2024): November 2024
Publisher : Center of Biomass & Renewable Energy (CBIORE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61435/ijred.2024.60654

Abstract

The shift towards a circular economy is an essential measure in achieving sustainable development because it seeks to separate economic expansion from resource use and environmental deterioration. To meet the European Union green deal, waste management, and the net zero emissions targets various countries are developing and adopting prudent strategies. This study investigates the dynamic affiliation between circular economy (CIR), green innovation (INV), renewable energy (REE), economic progress (GDP), and urbanisation (URB) on carbon emissions (CO2) in the Visegrad (V4) countries, comprising the Czech Republic, Hungary, Poland, and Slovakia. Using the CS-ARDL technique and quantile regression, data curation from 1990-2022 was analysed after checking for cross-sectional, unit root, and cointegration. The outcome demonstrates that circular economy, green innovation, and renewable energy had a negative effect on carbon emissions. In addition, GDP and URB had an immaterially positive influence on carbon emissions. Lastly, the quantile regression confirmed that the study provides useful information for policymakers and stakeholders in the Visegrad countries. It emphasised how important it is to take a broad approach to circular economy initiatives, support eco-friendly innovations, carry out renewable energy projects, and manage the urbanisation process well to achieve long-term economic growth and environmental health.
Management innovation, green product innovation, green process innovation influence on financial performance. A study of South African manufacturing firms. Kwabena Nsiah, Takyi; A. Danso, Ruth; Charles, Ofori; Raphael, Mmieh K
International Journal of Business, Technology and Organizational Behavior (IJBTOB) Vol. 2 No. 4 (2022): International Journal of Business, Technology, and Organizational Behavior (IJB
Publisher : Garuda Prestasi Nusantara Consulting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52218/ijbtob.v2i4.211

Abstract

This research aims to evaluate the nexus of green innovation on registered companies' financial performance on the Johannesburg Stock Exchange (J.S.E.). The paper followed the content analysis approach in evaluating green products, green processes, management innovation ability, and green image variables on 64 manufacturing firms from 2011 up to 2018. This article adopted Smart PLS-SEM 3 analyses to check the models suggested for the study empirically. The findings reveal that management innovation ability had a significant favorable influence on the green process; however, the relation with financial performance was insignificant. Green process innovation had a significant negative association with enterprise financial performance. Again, the effect of green process innovation on green products was enormously significant. Green products did not have a considerable influence on financial performance. Finally, the moderating variable green image was introduced into the model, green product, and green process; both indicated an insignificant positive effect on the enterprise financial performance. The conclusion of this research supports the theoretical assertation that mutually green products and green processes are complementary.
Health expenditure and Environmental pollution in Latin American and Caribbean’s Kwabena Nsiah, Takyi; Danso, Ruth A; Charles, Ofori; Raphael, Mmieh K.
International Journal of Business, Technology and Organizational Behavior (IJBTOB) Vol. 2 No. 5 (2022): International Journal of Business, Technology, and Organizational Behavior (IJB
Publisher : Garuda Prestasi Nusantara Consulting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52218/ijbtob.v2i5.215

Abstract

This analysis explores the connections between economic growth (GDP), environmental degradation (CO2), population growth (PG), and health spending (HE) using a pooled mean group calculation (ARDL-PMG) autoregressive distributed lag model and employing Granger causality checks to Latin American and Caribbean States for the period from 1996 to 2017. Short-term causalities from CO2 to HE is unidirectional and permanent. Over the short term, the causal path between CO2 and GDP is unobservable. Furthermore, unidirectional short-run causality from GDP to HE was suggested in the article analysis. There are short-run bidirectional causalities between GDP, CO2, and HE when measured per two or more independent variables. If we apply CO2 to the GDP and PG factors, the causality of HE is measurable, and the GDP and PG pair's causality to health spending is neutral. Similarly, if we apply population growth to the health expenditures and gross domestic product of the variable, there is causality. Long-run bidirectional causalities occur between GDP, CO2, and HE. For the research outcomes, the causality from HE to GDP is not strong. The clear causality of health spending and CO2 to economic development is neutral if we measure each pair of variables. The long-term PMG projections indicate that environmental pollution is increased by population growth and health spending, while economic growth lowers environmental pollution.