Abstract
Economic growth is a global requirement that requires extensive energy consumption, and this phenomenon needs researchers’ attention and regulators’ focus. Thereby, the paper scrutinizes the determinants of energy consumption such as fossil fuel energy consumption (FFEC), energy use, nuclear energy consumption (NEC), energy import, and renewable energy consumption (REC) and sustainability-oriented eco-innovation and their effectiveness on the economic growth of Saudi Arabia. The study extracted data from the World Bank from 1989 to 2020. Stationarity was examined using augmented Dickey-Fuller (ADF) tests, and the associations among constructs were analyzed through QARDL model. The findings revealed that FFEC, EU, NEC, EI, REC, and sustainability-oriented eco-innovation are significantly correlated with the EG of Saudi Arabia. The study also provides insights to new researchers who will investigate this area in the future and guides regulators in developing regulations related to economic growth using an appropriate level of energy and adoption of sustainability-oriented eco-innovation.
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This research is partly funded by Van Lang University, Vietnam. This research is also partly funded by University of Economics Ho Chi Minh City, Vietnam.
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Yu-Te Tu: conceptualization, writing—original draft. Chia-Yang Lin, Syed Ehsanullah: writing—literature review. Khoa Dang Duong: software. Pham Quang Huy: visualization, methodology. Nguyen Ho Viet Anh: supervision, data curation, editing.
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Tu, YT., Lin, CY., Ehsanullah, S. et al. Role of energy consumption and sustainability-oriented eco-innovation on economic growth: evidence from Middle Eastern economy. Environ Sci Pollut Res 30, 3197–3212 (2023). https://doi.org/10.1007/s11356-022-22257-9
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DOI: https://doi.org/10.1007/s11356-022-22257-9