Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 30, Issue 46, Pages 102271-102280Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-023-29416-6
Keywords
Energy technology innovation; Financial deepening; Financial institutions and markets
Categories
Ask authors/readers for more resources
This paper examines the impact of financial deepening on energy technology green innovation and finds that financial institution deepening has a positive effect on green innovation, while financial market deepening has a limited impact.
This paper examines the impact of financial deepening on energy technology green innovation over the period 1996 to 2020. Utilizing the nonlinear QARDL technique, we assess the asymmetric short and long-term impacts across various quantiles. The research employs two measures of financial deepening, namely financial institution deepening (FID) and financial market deepening (FMD). The findings reveal that a positive change in the FID causes energy green innovation to rise, while a negative change in the FID causes energy green innovation to fall in the long run at most quantiles. Further, we find that the rise in the FMD help improves energy green innovation; however, the fall in the FMD does not significantly impact energy green innovation at all quantiles. Based on the findings, our research will help policymakers to develop valuable policies for financial deepening to enhance energy green innovation.
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