Recent studies regarding the impacts of technology spillover and international trade have gained momentum in the emerging economies. Empirical evidences show that some countries gain and other loss to grasp the opportunities of international trade and technological innovation to compete in the global market. This paper examines the effect of export and technology on the economic performance of emerging Asian countries, using the Generalized Method of Moments (GMM) model between the periods 2000–2016. Following the Solow economic growth model, the result identifies a positive and significant effect of export and technology on the economic growth of the emerging Asian economies. Similarly, the long-run estimation ascertains the significant and positive impacts of trade and technology on the economic growth of the countries. The results are robust using alternative dynamic panel models, representing the pivotal role of export and technology to the economic growth of the countries. Thus, we recommend policymakers to device attractive policies that can enhance the advancement of technology and trade to maintain sustained economic growth. This would also fasten the internationalisation process and enable to compete efficiently in the global markets in terms of quality of exports and standardisation.

This paper examines the long-run and short-run relationship between Foreign Direct Investment (FDI) inflows, exports, and economic growth in Sri Lanka over 1980–2016. The study implies Autoregressive Distributed Lag (ARDL) bounds testing approach to reveal the relationship between the variables. The study indicates that FDI inflows have a positive and significant relationship with economic growth in the long-run and short run. If FDI inflows increase, GDP growth will increase. But for exports, it has a negative and significant relationship with economic growth in the long-run. If exports increase, the GDP growth will decrease. Sri Lankan exports strongly depend on primary goods. There is a risk of finite resources and price volatility. It’s not surprising for developing economy like Sri Lanka. Also, in the short run, exports have a positive and significant relationship with economic growth. If exports increase, GDP growth will increase significantly. The findings suggest that both FDI inflows and exports influence economic progress in Sri Lanka. Based on emerging market economies, FDI inflows are useful in improving the production process in the host country, and hereafter it will contribute to quality exports and the economic growth of Sri Lanka. Policymakers should emphasize to gear up all the barriers for the economic development of Sri Lanka.

This study investigates the determinants of green energy penetration in the Next Eleven (N-11) economies over the period 2000–2022, with a particular focus on the roles of foreign direct investment (FDI), green transition, governance quality, industrial growth, and urbanization. The primary objective of the study is to assess how investment flows, structural transformation, and institutional capacity jointly shape the adoption of renewable energy in fast-growing emerging economies. To achieve this goal, the study employs a second-generation panel econometric and machine-learning framework that accounts for cross-sectional dependence, slope heterogeneity, and long-run equilibrium relationships. Specifically, cross-sectional dependence and slope homogeneity tests are conducted, followed by CADF and CIPS unit root tests and the Westerlund cointegration approach. Long-run effects are then estimated using Partialing-Out LASSO and Cross-Fit machine-learning estimators, complemented by SHAP analysis to interpret nonlinear and heterogeneous effects. The results indicate that green transition, governance quality, and urbanization significantly promote green energy penetration. In contrast, FDI and industrial growth exert adverse effects, reflecting carbon-intensive investment and production structures. The findings highlight the importance of coordinated investment strategies, institutional strengthening, and urban planning in accelerating renewable energy transitions in emerging economies. These results provide policy-relevant insights for achieving sustainable energy development while supporting long-term economic growth in the N-11 countries.