Supply chain performance, information and communication technology capital formation, and green growth in top carbon emitter economies

Abstract

The emergence of green growth has proved vital for achieving sustainable development goals, and a supply chain can expedite the nation's journey toward green growth. This analysis aims to investigate the impact of supply chain performance and information and communication technology on green growth in top polluted economies by controlling the impact of education, financial development, renewable energy consumption, and foreign direct investment. For empirical analysis, we have employed the ordinary least squares, two-stage least squares, and generalized methods of moments. The main findings of the study confirm that logistics performance, infrastructure, and services are vital in promoting green growth. The diffusion of information and communication technology, education, the use of renewable energy, and financial development all help to achieve green growth. We suggest that firms should invest in green manufacturing practices, intelligent distribution networks, and better and energy-efficient logistics infrastructure, which can help the economies keep the environmental impact of economic growth at bay. Thus, our results emphasize the priorities of supply chain performance and information and communication technology diffusion in top carbon emitter economies.