Open AccessThe Effect of R&D Expenditure on CO2 Emissions in Austria
Author(s) -
Bhenu Artha,
Bahri Bahri,
Ardhi Khairi,
Fernando Fernando
Publication year - 2021
Publication title -
journal of business and management review
Language(s) - English
Resource type - Journals
ISSN - 2723-1097
DOI - 10.47153/jbmr26.1482021
Subject(s) - context (archaeology) , economics , investment (military) , romer , promotion (chess) , business , natural resource economics , public economics , political science , geography , cartography , archaeology , politics , law
The developed financial sector can significantly provide financial services to developing economies by the motive as well as best opportunity of using new advanced technology; it may help them to maintain clean environment with help of environmentally friendly production, thus providing with a higher level of the global environmental quality and further it will boost sustainable development of economies (J. Frankel & Rose, 2002). Financial development would increase R&D investment as to speed up growth, thereby influencing the environmental quality (J. A. Frankel & Romer, 1999). The objective of this research is to determine the effect of R&D expenditure on CO2 emissions in Austria in 1996-2006. We presented a quantitative study using simple linear regression to analyze the data and as a result of this process, we found that R&D expenditure has significant effect to CO2 emissions in Austria in 1996-2006. The fact that R&D influence on CO2 emissions can be positive, negative and insignificant must be taken into account when designing environmental policies and various programs, strategies and initiatives to encourage and fund R&D activities, in the context of environmental protection, government efforts should be strictly focused on the promotion and support of R&D programs directly aimed at reducing CO2 emissions and increasing the use thereof (Petrović & Lobanov, 2020).