Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 29, Issue 48, Pages 72991-73000Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-022-20978-5
Keywords
Technological progress; Financial innovation; Environmental regulation; Green growth
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This study investigates the impact of green environmental technology, financial innovation, and environmental regulations on green economic growth in China. The findings suggest that these factors have a positive and significant effect on green growth, with both symmetric and asymmetric associations.
Green economic growth is the best alternative strategy for sustainable development. Existing literature investigated the determinants of green economic growth in China and provides mixed results. Thus, our study explores the impact of green environmental technology, financial innovation, and environmental regulations on green economic growth by controlling the impact of renewable energy consumption, trade, and education. The study explores the symmetric and asymmetric associations by employing ARDL and NARDL approaches. The ARDL long-run findings display that green environmental technologies, environmental regulations, and financial innovations positively and significantly contribute to green economic growth. However, the NARDL long-run findings infer that positive shock in green environmental technology, financial innovation, and environmental regulation exerts a significant and positive impact on green growth, while negative shock in green environmental technology, financial innovation, and environmental regulation has an insignificant impact on green growth. Based on the findings, the study delivers important policy implications to promote green economic growth in China.
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