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Evaluating the effects of green supply chain, digital technologies, and energy prices on renewable energy innovations: A way forward for an emerging economy
Energy Economics ( IF 13.6 ) Pub Date : 2024-11-14 , DOI: 10.1016/j.eneco.2024.108038
Shuai Huang, Huizhu Tan

In order to establish sustainable energy systems and lessen environmental effects via resource efficiency and technological innovations, green supply chain management and renewable energy innovations are crucial. Thus, in this study, for the first time, we investigate how digitization and green supply chains impact renewable energy innovations. The study also examined how inflation and energy prices influence renewable energy innovations using data between 1990Q1 and 2022Q4. Furthermore, considering the nonlinear nature of the variables, we settle for using nonlinear approaches ranging from quantile Augmented-Dickey-Fuller (QADF) and quantile Phillips-Perron (QPP), wavelet quantile regression (WQR), and wavelet quantile correlation (WQC). The QADF and QPP results validate each other, showing evidence of stationarity at specific quantiles. The results show a significant pattern indicating that green supply chain and digitalization influence renewable energy innovations. There is a stronger positive correlation in the medium and high quantiles, especially in the long run. It is revealed that the effect of these factors increases over time. However, the effect lessens at the lower quantiles and in the short term, suggesting the possibility of fluctuations in short-term factors. Additionally, financial development, inflation, and energy resources are essential in explaining the development of renewable energy innovations to create sustainable energy practices. Furthermore, the results of the WQC validate the outcomes of the WQR. Based on the study findings, recommendations for practical policy decision-making are derived from these broad research results to guide pertinent stakeholders and decision-makers in pursuing more effective promotion of renewable energies and sustainability.

中文翻译:


评估绿色供应链、数字技术和能源价格对可再生能源创新的影响:新兴经济体的前进之路



为了建立可持续能源系统并通过资源效率和技术创新来减少对环境的影响,绿色供应链管理和可再生能源创新至关重要。因此,在这项研究中,我们首次调查了数字化和绿色供应链如何影响可再生能源创新。该研究还使用 1990 年第一季度至 2022 年第四季度的数据研究了通货膨胀和能源价格如何影响可再生能源创新。此外,考虑到变量的非线性性质,我们选择使用分位数 Augmented-Dickey-Fuller (QADF) 和分位数 Phillips-Perron (QPP)、小波分位数回归 (WQR) 和小波分位数相关性 (WQC) 等非线性方法。QADF 和 QPP 结果相互验证,显示特定分位数的平稳性证据。结果显示,绿色供应链和数字化影响可再生能源创新。中分位数和高分位数的正相关性更强,尤其是从长远来看。据透露,这些因素的影响会随着时间的推移而增加。然而,这种影响在较低的分位数和短期内减弱,表明短期因素可能存在波动。此外,金融发展、通货膨胀和能源资源对于解释可再生能源创新的发展以创建可持续能源实践至关重要。此外,WQC 的结果验证了 WQR 的结果。 基于研究结果,从这些广泛的研究结果中得出实际政策决策的建议,以指导相关利益相关者和决策者寻求更有效地促进可再生能源和可持续性。
更新日期:2024-11-14
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