Does the Kuznets curve apply for financial development and environmental degradation in the Asia-Pacific region?

被引：25

作者：

Duc Hong Vo ^{[1
]}

Nhan Thien Nguyen ^{[1
]}

Anh The Vo ^{[1
]}

Chi Minh Ho ^{[1
]}

Thang Cong Nguyen ^{[1
]}

机构：

[1] Ho Chi Minh City Open Univ Vietnam, CBER Res Ctr Business Econ & Resources, 97 Vo Van Tan St,Dist 3, Ho Chi Minh City, Vietnam

来源：

HELIYON | 2021年 / 7卷 / 04期

关键词：

Financial development; Environmental degradation; Panel ARDL; Asia-Pacific region; FOREIGN DIRECT-INVESTMENT; ECONOMIC-GROWTH; CO2; EMISSIONS; ENERGY-CONSUMPTION; CAUSALITY; RUN; COINTEGRATION; DEMAND; TESTS;

D O I：

10.1016/j.heliyon.2021.e06708

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

The Asia-Pacific region has faced conflicting objectives of achieving sustainable economic growth and simultaneously improving environmental quality. This paper, the first of its kind, applies the concept of the Kuznets curve to financial development in this region. The long-term effect of financial development on environmental degradation is examined using a sample of 26 countries in the 2007-2017 period. This paper uses the long-term estimation techniques - the panel autoregressive distributed lag, including the pooled mean group model; the mean group; and the dynamic fixed effect estimator. The second-generation Granger test is used to determine the causality between financial development and environmental degradation. The U-shaped nexus and a bidirectional relationship between financial development and environmental degradation are found.

引用

页数：10

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