The Role Of The Development Of Digital Technology In The Development Of The Export Of Green Goods In 34 Provinces In Indonesia

Abstract

This study's objective is to objectively investigate how the use of digital technology affects the value of trade in green goods (TGG). Using a sample of 12 nations and a variety of econometric methodologies in Southeast Asia with a research period of 1999-2021.. We use a dynamic fixed-effects estimator (DFE) employed in the PCSE estimate, FGLS estimate, and two-step GMM estimate. We use secondary data from un Comtrade and the world bank. We found that digital technology in 34 provinces in Indonesia has a significant influence in encouraging the value of export of green goods with the Research and development expenditure indicator strengthened by internet user growth where both indicators have been shown to have a significant positive effect on The value of export of green goods. Macroeconomic indicators as control variables, namely domestic saving, value add industry, and population growth in 34 provinces in Indonesia have also proven to have a significant positive effect on the value of export of green goods. However, inflation has a significant negative effect. And the growth of per capita income has no significant effect on the value of export of green goods. This proves that digital technology plays a crucial part in the developing the value of the export of green goods in an effort to develop a green economy and a sustainable economy.