期刊
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH
卷 19, 期 19, 页码 -出版社
MDPI
DOI: 10.3390/ijerph191911984
关键词
financial deepening; wavelet coherence; foreign direct investment; economic growth; CS-ARDL
资金
- Ministry of Science and Higher Education of the Russian Federation (Ural Federal University Program of Development within the Priority-2030 Program) [FEUZ-2022-0031]
This study examines the dynamic relationship between financial institutional deepening, financial deepening, financial market deepening, foreign direct investment, economic growth, population, and carbon dioxide emissions in the G-11 economies. The findings suggest that financial deepening, economic growth, foreign direct investment, and population have a negative impact on environmental quality, while financial institutional deepening and financial market deepening improve it. The government should focus on maximizing financial institutions and markets to reduce carbon dioxide emissions, and also create opportunities and adopt efficient energy production methods.
This study presents a new insight into the dynamic relationship between financial institutional deepening (FID), financial deepening, financial market deepening (FMD), foreign direct investment (FDI), economic growth (GDP), population, and carbon dioxide emissions (CO(2)e) in the G-11 economies by employing a cross-sectionally augmented autoregressive distributed lag (CS-ARDL) approach during 1990-2019. The outcomes from the CS-ARDL and dynamic common correlated effects mean group (DCCEMG) models shows that financial deepening, GDP, FDI, and population degraded environmental quality both in the short run and the long run. Contrary to this, FID and FMD improves environmental quality in these countries. The government should work to maximize financial institutions (access, depth, efficiency) and financial markets (access, depth, efficiency) to reduce the CO(2)e. A strong positive and in-phase correlation of CO(2)e with economic growth and population is observed for G-11 countries. These results suggest policy makers should further improve financial institutions by creating opportunities for their populations. Moreover, the governments of G-11 countries should revise their foreign direct investment policies and attention should be given to import efficient means of energy production.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据