Technological innovation, financialization, and ecological footprint: evidence from BEM economies

Despite the growing interest in researches on impact of technological development carbon emissions, effect innovation other indicators environmental degradation is little interest. In order to close this gap, aim study determine effects both emission and ecological footprint for big emerging markets (BEM) countries. doing so, impacts financialization process are also explored, line with fact that these countries face constraints financing developments. context, development, financialization, renewable energy consumption, non-renewable consumption examined through second-generation panel data methods period 1995–2016. The findings indicate effective reducing but does not have a significant footprint, namely 1% increase innovations reduces by 0.082–0.088%. Moreover, it found harms quality environment because increases emissions 0.203–0.222% 0.069–0.071%.