期刊
ECONOMIC MODELLING
卷 40, 期 -, 页码 33-41出版社
ELSEVIER
DOI: 10.1016/j.econmod.2014.03.005
关键词
Carbon emissions; Financial development; Growth; Energy consumption; Trade
类别
This paper examines the long-run equilibrium and the existence and direction of a causal relationship between carbon emissions, financial development, economic growth, energy consumption and trade openness for India. Our main contribution to the literature on Indian studies lies in the investigation of the causes of carbon emissions by taking into account the role of financial development and using single country data. The results suggest that there is evidence on the long-run and causal relationships between carbon emissions, financial development. income, energy use and trade openness. Financial development has a long-run positive impact on carbon emissions, implying that financial development improves environmental degradation. Moreover. Granger causality test indicates a long-run unidirectional causality running from financial development to carbon emissions and energy use. The evidence suggests that financial system should take into account the environment aspect in their current operations. The results of this study may be of great importance for policy and decision-makers in order to develop energy policies for India that contribute to the curbing of carbon emissions while preserving economic growth. (C) 2014 Elsevier B.V. All rights reserved.
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