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<p>Considering the swift economic changes and environmental hurdles of recent decades, the push for sustainable growth has become a pressing concern for policymakers and régimes around the globe. This transition toward sustainable development decreases the adverse effects of environmental degradation. Thus, this study examines the effects of green innovations (GIN), environmental taxes (ETX), and the use of renewable energy (RE) driving green growth (GG) for ASEAN Plus Three (APT) nations over 2000—2023. This study employs the CS-ARDL method to assess the long and short-run impacts for APT countries. To construct a multidimensional GG index, the entropy weight technique is applied within a nuanced framework. The findings reveal that GIN, ETX, and RE lead toward GG; such as a 1% rise in GIN, ETX, and RE raise GG by 0.027%, 0.099% and 0.132% points over the long-run. However, the ETX and RE is observed to have insignificant effects in the short-run. This study enlightens on the substantial role of green innovations in APT countries in ecological preservation and sustainable growth. They can further prioritize by offering subsidies and tax rebates on eco-innovations, which will motivate the transition not just in the sample countries but also in many other developing.</p>

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Green growth corridors: assessing the impacts of green innovations, environmental taxes, and renewable energy on economic resilience

  • 期刊论文

  • 发表日期：

    2026年7月4日

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  • Kalsoom Rafique,
  • Zhang Na,
  • Asif Adeel,
  • Shah Abbas,
  • Yang Qi

摘要

Considering the swift economic changes and environmental hurdles of recent decades, the push for sustainable growth has become a pressing concern for policymakers and régimes around the globe. This transition toward sustainable development decreases the adverse effects of environmental degradation. Thus, this study examines the effects of green innovations (GIN), environmental taxes (ETX), and the use of renewable energy (RE) driving green growth (GG) for ASEAN Plus Three (APT) nations over 2000—2023. This study employs the CS-ARDL method to assess the long and short-run impacts for APT countries. To construct a multidimensional GG index, the entropy weight technique is applied within a nuanced framework. The findings reveal that GIN, ETX, and RE lead toward GG; such as a 1% rise in GIN, ETX, and RE raise GG by 0.027%, 0.099% and 0.132% points over the long-run. However, the ETX and RE is observed to have insignificant effects in the short-run. This study enlightens on the substantial role of green innovations in APT countries in ecological preservation and sustainable growth. They can further prioritize by offering subsidies and tax rebates on eco-innovations, which will motivate the transition not just in the sample countries but also in many other developing.