Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 26, Issue 6, Pages 6199-6208Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-018-3992-9
Keywords
Financial development; Ecological footprint; Driscoll-Kraay panel regression; BRI countries
Categories
Funding
- National Social Science Foundation of China [15XJL006]
Ask authors/readers for more resources
This work aims to contribute to the existing literature by investigating at the impact of financial development on ecological footprint. To achieve this goal, we have employed Driscoll-Kraay panel regression model for a panel of 59 Belt and Road countries in the period from 1990 to 2016. The findings suggest that financial development increases ecological footprint. Moreover, economic growth, energy consumption, foreign direct investment (FDI), and urbanization pollute the environment by increasing ecological footprint. In addition, several diagnostic tests have been applied to confirm the reliability and validity of the results. From the outcome of the study, various policy implications have been proposed for Belt and Road countries to minimize the ecological footprint.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available