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Renewable energy consumption and business density as drivers of sustainable development

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dc.citedby4
dc.contributor.authorZheng R.en_US
dc.contributor.authorOsabohien R.en_US
dc.contributor.authorMadueke E.en_US
dc.contributor.authorJaaffar A.H.B.en_US
dc.contributor.authorid58690485200en_US
dc.contributor.authorid57201922189en_US
dc.contributor.authorid58692153600en_US
dc.contributor.authorid58897806500en_US
dc.date.accessioned2024-10-14T03:19:52Z
dc.date.available2024-10-14T03:19:52Z
dc.date.issued2023
dc.description.abstractThe East Asia and Pacific region have witnessed significant economic growth in recent decades, leading to improved living standards and increased energy consumption. However, this rapid development has also resulted in environmental degradation and heightened concerns about climate change. In response, countries in the region have been increasingly focusing on sustainable development, with renewable energy consumption and business density emerging as key drivers. Given this background, this research empirically examines the impact of entrepreneurship and clean technology on sustainable development in East Asia and the Pacific region. To control for endogeneity, the study applied system the Generalized Method of Moments (SGMM) for the data sourced from the World Development Indicators of the World Bank for the period 2015�2021. The finding indicates that both entrepreneurship and clean technology have an adverse significant impact on sustainable development in the East Asia-Pacific region. When the regions were analysed individually, the results revealed that both entrepreneurship and clean technology have a negative substantial effect on sustainable development in East Asia, but not in the Pacific region. The study concludes that entrepreneurship and renewable energy by themselves would not result in sustainable development, except some certain conditions are met. The positive impacts of entrepreneurship and renewable energy on sustainable development can only be attained when the nature, location, and practices of new businesses are low carbon in nature. JEL Classifications: Q01, Q42, Q56 Copyright � 2023 Zheng, Osabohien, Madueke and Jaaffar.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo1268903
dc.identifier.doi10.3389/fenrg.2023.1268903
dc.identifier.scopus2-s2.0-85176427807
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85176427807&doi=10.3389%2ffenrg.2023.1268903&partnerID=40&md5=6e8d441b27edcef821cf909e15fcd263
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/34451
dc.identifier.volume11
dc.publisherFrontiers Media SAen_US
dc.relation.ispartofAll Open Access
dc.relation.ispartofGold Open Access
dc.sourceScopus
dc.sourcetitleFrontiers in Energy Research
dc.subjectbusiness density
dc.subjectclimate change
dc.subjectgreen economic growth
dc.subjectrenewable energy
dc.subjectsustainable development
dc.subjectEconomics
dc.subjectEnergy utilization
dc.subjectMethod of moments
dc.subjectSustainable development
dc.subjectBusiness density
dc.subjectClean technologies
dc.subjectEast Asia
dc.subjectEast Pacific
dc.subjectEconomic growths
dc.subjectEnergy business
dc.subjectGreen economic growth
dc.subjectLiving standards
dc.subjectRenewable energies
dc.subjectRenewable energy consumption
dc.subjectClimate change
dc.titleRenewable energy consumption and business density as drivers of sustainable developmenten_US
dc.typeArticleen_US
dspace.entity.typePublication
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