Covid-19 impact on financial growth and guidelines for green recovery in BRICS: fresh insights from econometric analysis

被引：1

作者：

Huang, Xiaodong ^{[1
]}

Lei, Chang ^{[2
]}

机构：

[1] Shanghai Univ Polit Sci & Law, Sch Econ & Management, Shanghai, Peoples R China

[2] Peking Univ, Sch Econ, Beijing 100871, Peoples R China

来源：

ECONOMIC CHANGE AND RESTRUCTURING | 2023年 / 56卷 / 02期

关键词：

Financial growth; Green recovery; BRICS; Foreign direct investment; Stock market return; OIL; PERFORMANCE; VOLATILITY;

D O I：

10.1007/s10644-022-09460-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Sustainable development and socioeconomic growth are balanced through green economic recovery post pandemic. To statistically examine the coordinated development of green economic growth, foreign direct investment, stock market return and financial development, this paper constructs a complete indicator system for green economic recovery and financial development, by using a VAR model for the BRICS over the period of 2000-2020. Our results demonstrate that FDI significantly improves environmental quality by lowering pollution levels and improve the green economic growth in the region (BRICS). Stock market also has a significant positive effect on green economic growth. On the other side, FDI has a significant detrimental effect on financial development. Finally, financial development has a considerable detrimental impact on environmental deterioration. Our analysis recommends that besides the initiatives in financial growth, FDI and stock market be given priority in order to improve sustainable development.

引用

页码：1243 / 1261

页数：19

共 43 条

[1] Covid-19 impact on financial growth and guidelines for green recovery in BRICS: fresh insights from econometric analysis
Xiaodong Huang
Chang Lei
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