Central European sustainable economy: The role of green finance, technological innovation, and circular economy

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dc.contributor.authorTakyi, Kwabena Nsiah
dc.contributor.authorNuta, Alina Cristina
dc.contributor.authorGavurova, Beata
dc.contributor.authorOfori, Charles
dc.contributor.authorPuime-Guillen, Felix
dc.date.accessioned2025-10-01T09:23:49Z
dc.date.available2025-10-01T09:23:49Z
dc.date.issued2025
dc.description.abstract-translatedThe European Green Deal has clarified the need to evaluate the factors affecting the ecological footprint and find strategies to reduce their impact. The study evaluates the correlation between green finance, technological innovation, circular economy, urbanization, energy consumption, economic progress, and ecological footprint. It analyzes data from Central European communities from 1990 to 2022, using robust econometric evaluations, including common correlated effect mean group (CCEMG) and augmented mean group (AMG) models, along with an initial examination of cross-sectional dependence, unit roots, cointegration, and slope heterogeneity. The findings highlight that a reduction in ecological footprints can be achieved through technological innovation, green finance, and a circular economy. In contrast, energy consumption, urbanization, and economic development tend to increase the ecological footprint. Advanced models such as fully modified ordinary least square (FMOLS) and Driscoll and Kraay (DSK) support these findings. The causality analysis revealed the unidirectional and bidirectional relationship between variables. Based on these outcomes, the study recommends that Central European countries implement suitable policies to push the transition toward a sustainable economy.en
dc.format18 s.
dc.format18 s.cs
dc.identifier.doihttps://doi.org/10.15240/tul/001/2025-3-003
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.urihttp://hdl.handle.net/11025/62878
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rights© CC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectzelené financecs
dc.subjecttechnologické inovacecs
dc.subjectcirkulární ekonomikacs
dc.subjecturbanizacecs
dc.subjecthospodářský pokrokcs
dc.subjectstřední Evropacs
dc.subject.translatedgreen financeen
dc.subject.translatedtechnological innovationen
dc.subject.translatedcircular economyen
dc.subject.translatedurbanizationen
dc.subject.translatedeconomic progressen
dc.subject.translatedCentral Europeen
dc.titleCentral European sustainable economy: The role of green finance, technological innovation, and circular economyen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count1*
local.files.size1317042*
local.has.filesyes*

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