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Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India

The determinants of environmental degradation have been investigated many times by utilizing carbon dioxide emissions and/or ecological footprint. However, these traditional environmental degradation indicators do not consider the supply side of environmental problems. Therefore, this study focuses...

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Main Authors: Ozkan, Oktay, Faiza, Saleem, Arshian, Sharif *
Format: Article
Published: Springer 2024
Subjects:
HB Economic Theory
HD Industries. Land use. Labor
Online Access:http://eprints.sunway.edu.my/2566/
https://doi.org/10.21203/rs.3.rs-3354052/v1
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spelling my.sunway.eprints.25662024-05-07T08:11:50Z http://eprints.sunway.edu.my/2566/ Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India Ozkan, Oktay Faiza, Saleem Arshian, Sharif * HB Economic Theory HD Industries. Land use. Labor The determinants of environmental degradation have been investigated many times by utilizing carbon dioxide emissions and/or ecological footprint. However, these traditional environmental degradation indicators do not consider the supply side of environmental problems. Therefore, this study focuses on the dynamic influence of financial development, energy efficiency, economic growth, and technological innovation on environmental degradation in India through the load capacity factor, including both the supply and demand sides of environmental problems. For that purpose, the recently developed dynamically simulated autoregressive distributed lag (ARDL) method is employed using the annual time-series data extending from 1980–2020. The dynamically simulated ARDL results demonstrate that financial development, economic growth, and technological innovation have a dynamic adverse impact on the load capacity factor, whereas energy efficiency has a positive dynamic influence on environmental quality. In addition, the results support the validity of the environmental Kuznets curve hypothesis as the negative effect of economic growth on environmental quality decreases over time. Based on the study findings, policy recommendations are provided for India. Finally, this study utilizing load capacity factor as an indicator for environmental quality will provide new topics in exploring the determinants of environmental degradation. Springer 2024 Article PeerReviewed Ozkan, Oktay and Faiza, Saleem and Arshian, Sharif * (2024) Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India. Environmental Science and Pollution Research, 31. pp. 5610-5624. ISSN 0944-1344 https://doi.org/10.21203/rs.3.rs-3354052/v1 10.21203/rs.3.rs-3354052/v1
institution Sunway University
building Sunway Campus Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Sunway University
content_source Sunway Institutional Repository
url_provider http://eprints.sunway.edu.my/
topic HB Economic Theory
HD Industries. Land use. Labor
spellingShingle HB Economic Theory
HD Industries. Land use. Labor
Ozkan, Oktay
Faiza, Saleem
Arshian, Sharif *
Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
description The determinants of environmental degradation have been investigated many times by utilizing carbon dioxide emissions and/or ecological footprint. However, these traditional environmental degradation indicators do not consider the supply side of environmental problems. Therefore, this study focuses on the dynamic influence of financial development, energy efficiency, economic growth, and technological innovation on environmental degradation in India through the load capacity factor, including both the supply and demand sides of environmental problems. For that purpose, the recently developed dynamically simulated autoregressive distributed lag (ARDL) method is employed using the annual time-series data extending from 1980–2020. The dynamically simulated ARDL results demonstrate that financial development, economic growth, and technological innovation have a dynamic adverse impact on the load capacity factor, whereas energy efficiency has a positive dynamic influence on environmental quality. In addition, the results support the validity of the environmental Kuznets curve hypothesis as the negative effect of economic growth on environmental quality decreases over time. Based on the study findings, policy recommendations are provided for India. Finally, this study utilizing load capacity factor as an indicator for environmental quality will provide new topics in exploring the determinants of environmental degradation.
format Article
author Ozkan, Oktay
Faiza, Saleem
Arshian, Sharif *
author_facet Ozkan, Oktay
Faiza, Saleem
Arshian, Sharif *
author_sort Ozkan, Oktay
title Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
title_short Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
title_full Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
title_fullStr Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
title_full_unstemmed Evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of India
title_sort evaluating the impact of technological innovation and energy efficiency on load capacity factor: empirical analysis of india
publisher Springer
publishDate 2024
url http://eprints.sunway.edu.my/2566/
https://doi.org/10.21203/rs.3.rs-3354052/v1
_version_ 1800100319697305600
score 13.211869

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