RESEARCH ON THE ROLE OF GREEN INNOVATION, TRADE AND ENERGY IN PROMOTING GREEN ECONOMIC GROWTH

Abstract

Green economic growth (GG) has assisted the transition of many nations from just seeking economic development to a green economy growth mode for resource and environmental preservation. The energy business is becoming more innovation-driven, trade-driven, and energy-driven as China's economy transitions into a new normal stage, as shown by renewable energy. The goal of this research is to add to the current discussion about green economic development (GED) by experimentally analyzing the role of green energy (GE), green innovation (GI), and green trade (GT) on green economic growth. The purpose of this article is to examine how green patenting affects a company's future performance. Initially, data is gathered, and a hypothesis is formed based on the aforementioned elements. We employ the Panel Co-integration Test (PCT) and the Cross-sectional dependence (CSD)) for empirical analysis. For verifying the suggested hypothesis, we presented a new Non-linear Fourier Panel Unit Root Test (NFPURT). We establish a positive and substantial association between green patenting and company performance in China's publicly traded industrial enterprises. The study's findings reveal that green energy, innovation, and trade all contribute to green economic development.