The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries

Air transportation has a deep impact on environmental degradation due to the higher fossil fuel consumption. On the other hand, this industry also embraces the highest innovation that may alter its environmental consequences. However, there is a dearth of empirical evidence that explores the impact...

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Autores principales:	Jieping Chen, Xiaoli Hu, Ummara Razi, Gadaf Rexhepi
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	air transportation g-7 countries environmental degradation fine particulate matter pm2.5 Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/ca0828dc0cde42178610299ea0011939
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spelling	oai:doaj.org-article:ca0828dc0cde42178610299ea00119392021-11-26T11:19:47ZThe sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries1331-677X1848-966410.1080/1331677X.2021.2004190https://doaj.org/article/ca0828dc0cde42178610299ea00119392021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.2004190https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664Air transportation has a deep impact on environmental degradation due to the higher fossil fuel consumption. On the other hand, this industry also embraces the highest innovation that may alter its environmental consequences. However, there is a dearth of empirical evidence that explores the impact of air transportation and eco-innovation on environmental quality. Therefore, this study is a pioneering attempt to examine the role of air-transportation and eco-innovation in reducing environmental degradation in G7 countries using annual data from 1990 to 2019. In doing so, we employed various advance econometric approaches to handle issues arises from panel data such as Pesaran () and Bai and Carrion-I-Silvestre () used to examine the presence of unit root, cross-sectional dependency checked through Pesaran () test, and for parameters heterogeneity through Pesaran and Yamagata (). Moreover, the Westerlund and Edgerton () test and Cross Sectional Augmented ARDL were employed to analyse the long run and short run association among variables. The overall results show that air transportation and eco-innovation play an important role in abating environmental deterioration. Air transportation is negatively correlated with carbon emission and PM2.5 exposure (air quality) due to the improved technical structure of aircraft engines and the use of mixed ration or alternative aviation fuels. These results provide valuable suggestions for all stakeholders.Jieping ChenXiaoli HuUmmara RaziGadaf RexhepiTaylor & Francis Grouparticleair transportationg-7 countriesenvironmental degradationfine particulate matter pm2.5Economic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-22 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	air transportation g-7 countries environmental degradation fine particulate matter pm2.5 Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
spellingShingle	air transportation g-7 countries environmental degradation fine particulate matter pm2.5 Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Jieping Chen Xiaoli Hu Ummara Razi Gadaf Rexhepi The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
description	Air transportation has a deep impact on environmental degradation due to the higher fossil fuel consumption. On the other hand, this industry also embraces the highest innovation that may alter its environmental consequences. However, there is a dearth of empirical evidence that explores the impact of air transportation and eco-innovation on environmental quality. Therefore, this study is a pioneering attempt to examine the role of air-transportation and eco-innovation in reducing environmental degradation in G7 countries using annual data from 1990 to 2019. In doing so, we employed various advance econometric approaches to handle issues arises from panel data such as Pesaran () and Bai and Carrion-I-Silvestre () used to examine the presence of unit root, cross-sectional dependency checked through Pesaran () test, and for parameters heterogeneity through Pesaran and Yamagata (). Moreover, the Westerlund and Edgerton () test and Cross Sectional Augmented ARDL were employed to analyse the long run and short run association among variables. The overall results show that air transportation and eco-innovation play an important role in abating environmental deterioration. Air transportation is negatively correlated with carbon emission and PM2.5 exposure (air quality) due to the improved technical structure of aircraft engines and the use of mixed ration or alternative aviation fuels. These results provide valuable suggestions for all stakeholders.
format	article
author	Jieping Chen Xiaoli Hu Ummara Razi Gadaf Rexhepi
author_facet	Jieping Chen Xiaoli Hu Ummara Razi Gadaf Rexhepi
author_sort	Jieping Chen
title	The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
title_short	The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
title_full	The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
title_fullStr	The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
title_full_unstemmed	The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries
title_sort	sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in g7 countries
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/ca0828dc0cde42178610299ea0011939
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The sustainable potential of efficient air-transportation industry and green innovation in realising environmental sustainability in G7 countries

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