Impact of Green Innovation on the Economy: Mediation of Environmental Sustainability, Moderation of Electric Vehicle Utilization

Impact of Green Innovation on the Economy: Mediation of Environmental Sustainability, Moderation of Electric Vehicle Utilization | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Impact of Green Innovation on the Economy: Mediation of Environmental Sustainability, Moderation of Electric Vehicle Utilization LEE SeeNie, Dai Hai-Jian, Liu Ting-Ting This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-6174967/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract This study aims to investigate the effect of green innovation (GI) on the economy, focusing on environmental sustainability and the moderating effects of electric vehicle (EV) utilization in selected six countries from 2019 until 2023. GI is crucial for sustainable economic growth amid climate change concerns. Panel data are utilised through quantitative data analysis methods like GARCH, EGARCH, and Data Envelopment Analysis (DEA) to test the relationships. The findings show GI links to economic growth in the selected six countries. Mediation analysis indicates that environmental sustainability boosts GI's impact on economic growth. The moderating analysis revealed that the extent of EV utilization enhances the positive relationship between GI and economic growth, suggesting that countries with higher EV adoption rates may experience stronger positive economic effects from GI. Nevertheless, the moderating analysis also revealed that EV adoption enhances the negative relationship between GI and economic volatility risk, such that higher electric vehicle usage reduces the negative impact of GI on financial risk. Countries with better environmental sustainability lead to better economic growth; with more EV adoption lead to economic stability and promotes growth. Environmental Economics electric vehicles green innovation environmental sustainability economic growth and stability Full Text Additional Declarations The authors declare no competing interests. Supplementary Files Framework2.docx Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. 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Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-6174967","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":425381731,"identity":"3ed6a949-5f35-4bc5-8038-2899534422db","order_by":0,"name":"LEE 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