Research Article

Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis

Volume: 9 Number: 3 September 30, 2024
EN TR

Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis

Abstract

An accelerating global shift towards sustainable development has made the diffusion of green technologies a critical area of focus, particularly within OECD economies. This study aims to use a machine-learning approach to explore the future diffusion of green technology across OECD countries. It provides detailed forecasts from 2023 to 2037, highlighting the varying rates of green technology diffusion (GTD) among different nations. To achieve this, the Autoregressive Integrated Moving Average (ARIMA) model is employed to offer new evidence on how the progress of green technology can be predicted. Based on empirical data, the study categorizes countries into high, moderate, and low GTD growth. The findings suggest that Japan, Germany, and the USA will experience significant growth in GTD, while countries like Australia, Canada, and Mexico will see moderate increases. Conversely, some nations, including Ireland and Iceland, face challenges with low or negative GTD values. The study concludes that applying this machine-learning model provides valuable insights and future predictions for policymakers aiming to enhance green technology adoption in their respective countries.

Keywords

References

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Details

Primary Language

English

Subjects

Environmental Economy, Green Economy

Journal Section

Research Article

Publication Date

September 30, 2024

Submission Date

July 8, 2024

Acceptance Date

September 1, 2024

Published in Issue

Year 2024 Volume: 9 Number: 3

APA
Ağan, B. (2024). Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 9(3), 484-502. https://doi.org/10.30784/epfad.1512266
AMA
1.Ağan B. Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis. EPF Journal. 2024;9(3):484-502. doi:10.30784/epfad.1512266
Chicago
Ağan, Büşra. 2024. “Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis”. Ekonomi Politika Ve Finans Araştırmaları Dergisi 9 (3): 484-502. https://doi.org/10.30784/epfad.1512266.
EndNote
Ağan B (September 1, 2024) Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis. Ekonomi Politika ve Finans Araştırmaları Dergisi 9 3 484–502.
IEEE
[1]B. Ağan, “Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis”, EPF Journal, vol. 9, no. 3, pp. 484–502, Sept. 2024, doi: 10.30784/epfad.1512266.
ISNAD
Ağan, Büşra. “Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis”. Ekonomi Politika ve Finans Araştırmaları Dergisi 9/3 (September 1, 2024): 484-502. https://doi.org/10.30784/epfad.1512266.
JAMA
1.Ağan B. Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis. EPF Journal. 2024;9:484–502.
MLA
Ağan, Büşra. “Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis”. Ekonomi Politika Ve Finans Araştırmaları Dergisi, vol. 9, no. 3, Sept. 2024, pp. 484-02, doi:10.30784/epfad.1512266.
Vancouver
1.Büşra Ağan. Forecasting Green Technology Diffusion in OECD Economies Through Machine Learning Analysis. EPF Journal. 2024 Sep. 1;9(3):484-502. doi:10.30784/epfad.1512266