The Effect of Eco-Preneurship and Green Technology Management on Greenhouse Gas Discharge: An Analysis on East Asian Economies

Abstract

This study finds that eco-preneurship and green technology initiatives have the potential to improve the environmental quality of selected East Asian economies in the short term, but in the long term, the impact is negative, and there is a need for a better understanding of their effects on greenhouse gas emissions. The pressing need to address the negative impact of human activity on the environment has given rise these initiatives worldwide. However, there is a lack of research on the effectiveness of these initiatives in East Asian economies. In this study, we examine the short-term and long-term effects of eco-preneurship and green technology on greenhouse gas emissions in China and Japan. The results show that in the short term, both linear and non-linear estimations of eco-preneurship have a significant impact on reducing greenhouse gas emissions in China and Japan. Similarly, short-term linear estimations are significant in both China and Japan, but non-linear estimates are only significant in Japan. The same is true for positive shocks related to green technology in China and Japan, although the estimated coefficient for negative shocks is negative only in Japan. Taken together, these results indicate that eco-preneurship and green technology can improve the environmental quality of these selected economies in East Asia to some extent.