Investigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies

Razzaq, A., Ajaz, T., Li, J., Irfan, M. and Suksatan, W. 2021. Investigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies. Resources Policy. 74 102302. https://doi.org/10.1016/j.resourpol.2021.102302

TitleInvestigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies
TypeJournal article
AuthorsRazzaq, A., Ajaz, T., Li, J., Irfan, M. and Suksatan, W.
Abstract

The role of a reliable resource consumption measurement is essential for devising a relevant climate policy. The consumption-based material footprint is trade-adjusted domestic resource consumption that presents an accurate picture of the domestic material footprint. Pursuing the same, this study draws asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint (MF) in the top 11 highly material-consuming countries. Our preliminary findings strictly reject the preposition of data normality and highlight that the observed relationship is quantile-dependent, which may disclose misleading results in previous studies using linear methodologies. In compliance, a novel empirical estimation technique popularized as Method of Moments Quantile Regression is employed that simultaneously deal with non-normality and structural changes in data. The results exhibit that infrastructure development (green innovation) significantly increases (decreases) MF mainly across medium to higher quantiles (medium-higher level of MF). Interestingly, the resource-depleting effect of infrastructure is highest for higher quantiles and lowest for lower quantiles of MF. Economic growth (globalization) increase MF, and their resource-depleting effect is higher (lowest) for lower quantiles and lowest (highest) for higher quantiles. Lastly, population exhibits an inverted-U shape relationship with MF across lower to higher quantiles. These results suggest pertinent policy recommendations.

KeywordsResources consumption
Consumption-based material footprints
Green innovation
Infrastructure development
STRIPAT
Methods of moment quantiles
Article number102302
JournalResources Policy
Journal citation74
ISSN0301-4207
Year2021
PublisherElsevier
Accepted author manuscript
License
CC BY-NC-ND 4.0
File Access Level
Open (open metadata and files)
Digital Object Identifier (DOI)https://doi.org/10.1016/j.resourpol.2021.102302
Web address (URL)https://doi.org/10.1016/j.resourpol.2021.102302
Publication dates
Published in printDec 2021
Published online25 Aug 2021
FunderBeijing Institute of Technology

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