Green growth, governance, and green technology innovation. How effective towards SDGs in G7 countries?

Abstract

In light of the technological advancement and green growth in G7 economies, this research investigates the trends in sustainable development goals (SDGs) as reflected through social and environmental dimensions. Data were collected from 2000 to 2019 with yearly observation for advanced panel estimations.The preliminary finding raises the issues of cross-sectional dependency and slope heterogeneity; thus, we have applied the cross-sectional autoregressive distributed lag(CS-ARDL) model.The long-run findings confirm that technological innovations and green growth encourage environmental sustainability. Moreover, economic growth, green technological innovations, and government effectiveness have significantly promoted social development through higher employment opportunities. Similar results are also observed in the short run; however, the influence is more substantial in the long run. These findings imply that green growth, eco-innovations, and institutional governance are core drivers of SDGs in the long run.