The Moderating Role of Digital Transformation in the Effect of Energy Transition on Economic Growth: an Empirical Investigation Using Panel Data of 134 Countries
摘要
This study investigates the moderating role of digital transformation in the impact of transition to renewable energy on economic growth. Using panel data from 134 countries spanning 2012 to 2020, we apply a quantile regression approach to capture heterogeneity across different levels of economic growth. The results reveal that while the transition to renewable energy can have negative or insignificant effects on growth in lower-income economies, this impact becomes more favorable in countries with stronger economic growth. Importantly, digital transformation significantly moderates this effect by enhancing the positive growth effects of renewable energy transition, particularly in higher-growth quantiles. These findings highlight the importance of aligning energy and digital policies. To fully realize the economic benefits of the energy transition, policymakers must invest in digital infrastructure and capabilities, especially in low- and middle-income countries.