TY - JOUR
T1 - Impact of technological innovation on energy efficiency in industry 4.0 era
T2 - Moderation of shadow economy in sustainable development
AU - Chen, Maozhi
AU - Sinha, Avik
AU - Hu, Kexiang
AU - Shah, Muhammad Ibrahim
N1 - Publisher Copyright:
© 2020
PY - 2021/3
Y1 - 2021/3
N2 - Despite the ongoing research on energy efficiency and innovation in the context of Industry 4.0, little is known on how degree of leakages in economy can impact the energy efficiency-innovation association. This issue has been addressed by the United Nations in their Sustainable Development Goals (SDG) report also. In the era of Industry 4.0, this issue can be crucial from the perspective of sustainable development, and we are analyzing this issue in case of Middle East and North African (MENA) countries over a period of 1990–2016. The second-generation methodological approaches have been adopted. Our results show that technological innovation has a positive impact on energy efficiency, whereas growth in shadow economy has a detrimental impact on energy efficiency. The structural transformation of economy has positive impact on energy efficiency. Based on our results, we have designed an SDG framework, which might help the MENA countries to achieve the objectives of SDG 7, SDG 8, SDG 9, and SDG 4.
AB - Despite the ongoing research on energy efficiency and innovation in the context of Industry 4.0, little is known on how degree of leakages in economy can impact the energy efficiency-innovation association. This issue has been addressed by the United Nations in their Sustainable Development Goals (SDG) report also. In the era of Industry 4.0, this issue can be crucial from the perspective of sustainable development, and we are analyzing this issue in case of Middle East and North African (MENA) countries over a period of 1990–2016. The second-generation methodological approaches have been adopted. Our results show that technological innovation has a positive impact on energy efficiency, whereas growth in shadow economy has a detrimental impact on energy efficiency. The structural transformation of economy has positive impact on energy efficiency. Based on our results, we have designed an SDG framework, which might help the MENA countries to achieve the objectives of SDG 7, SDG 8, SDG 9, and SDG 4.
KW - Energy efficiency
KW - Fisher Ideal Index
KW - Lilien Index
KW - Sustainable Development Goals
KW - Technological innovation
UR - http://www.scopus.com/inward/record.url?scp=85098451085&partnerID=8YFLogxK
U2 - 10.1016/j.techfore.2020.120521
DO - 10.1016/j.techfore.2020.120521
M3 - Article
AN - SCOPUS:85098451085
SN - 0040-1625
VL - 164
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 120521
ER -
