Does environmental entrepreneurship play a role in sustainable green development? Evidence from emerging Asian economies

Environmental entrepreneurship and green growth are emerging concerns of policymakers around the globe. We aim to find the role of environmental entrepreneurship in attaining sustainable green development in emerging Asian economies such as China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Thailand, Malaysia, and Singapore. Two different proxies of environmental entrepreneurship are used in this analysis including electricity production from renewable energy and nuclear & renewables energy production. For empirical estimation, we have applied ARDL-PMG. The findings from the panel-ARDL PMG confirmed the positive impact of electricity production from renewable sources on green economic growth both in the long and short-run. Similarly, renewable energy production also causes green economic growth to rise in the short and long run. Trade is another element that can help promote green economic growth. Green entrepreneurship policies have been suggested for improving sustainable development.

Automated summary

Environmental entrepreneurship plays a crucial role in achieving sustainable green development in emerging Asian economies. This study confirms the positive impact of electricity production from renewable sources and renewable energy production on both short-term and long-term green economic growth. Additionally, trade is identified as another element that can contribute to green economic growth.