The role of financial deepening and green technology on carbon emissions: Evidence from major OECD economies

被引：233

作者：

Paramati, Sudharshan Reddy ^{[1
]}

Di Mo ^{[2
]}

Huang, Ruixian ^{[3
]}

机构：

[1] Univ Dundee, Sch Business, Dundee DD1 4HN, Scotland

[2] Sch Econ Finance & Mkt, RMIT Univ, Melbourne, Vic, Australia

[3] East China Univ Polit Sci & Law, Business Sch, Hanghai, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2021年 / 41卷

关键词：

Financial deepening; green technology; FDI; per capita income; OECD economies; ENERGY-CONSUMPTION; CO2; EMISSIONS; PANEL; INNOVATION; COOPERATION; POPULATION; PROJECTS; GROWTH; PRICES; IMPACT;

D O I：

10.1016/j.frl.2020.101794

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the role of financial deepening, green technology, foreign direct investment (FDI), per capita income and trade openness on carbon emissions in a panel of 25 OECD economies. The paper uses robust panel econometric techniques and yearly data, 1991-2016. The empirical evidences from augmented mean group and group-mean estimators reveal that green technology, FDI inflows and trade openness reduce carbon emissions, while financial deepening and per capita income positively contribute. Overall, it implies that green technology, along with FDI and trade, is the major factor that helps to reduce the carbon emissions in the OECD economies.

引用

页数：6

共 28 条

[11] Dynamic relationship among environmental regulation, innovation, CO2 emissions, population, and economic growth in OECD countries: A panel investigation [J].

Hashmi, Rubayyat ;

Alam, Khorshed .

JOURNAL OF CLEANER PRODUCTION, 2019, 231 :1100-1109

[12] Financial development and innovation: Cross-country evidence [J].

Hsu, Po-Hsuan ;

Tian, Xuan ;

Xu, Yan .

JOURNAL OF FINANCIAL ECONOMICS, 2014, 112 (01) :116-135

[13]

Hu G, 2020, EFFECT IMPORT PRODUC

[14] Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development [J].

Kutan, Ali M. ;

Paramati, Sudharshan Reddy ;

Ummalla, Mallesh ;

Zakari, Abdulrasheed .

EMERGING MARKETS FINANCE AND TRADE, 2018, 54 (08) :1762-1778

[15] Does financial inclusion impact CO2 emissions? Evidence from Asia [J].

Le, Thai-Ha ;

Le, Ha-Chi ;

Taghizadeh-Hesary, Farhad .

FINANCE RESEARCH LETTERS, 2020, 34

[16] What are the carbon emissions elasticities for income and population? Bridging STIRPAT and EKC via robust heterogeneous panel estimates [J].

Liddle, Brantley .

GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS, 2015, 31 :62-73

[17] Does tourism drive house prices in the OECD economies? Evidence from augmented mean group estimator [J].

Paramati, Sudharshan Reddy ;

Roca, Eduardo .

TOURISM MANAGEMENT, 2019, 74 :392-395

[18] Financing clean energy projects through domestic and foreign capital: The role of political cooperation among the EU, the G20 and OECD countries [J].

Paramati, Sudharshan Reddy ;

Apergis, Nicholas ;

Ummalla, Mallesh .

ENERGY ECONOMICS, 2017, 61 :62-71

[19] The effect of foreign direct investment and stock market growth on clean energy use across a panel of emerging market economies [J].

Paramati, Sudharshan Reddy ;

Ummalla, Mallesh ;

Apergis, Nicholas .

ENERGY ECONOMICS, 2016, 56 :29-41

[20]

Pedroni P, 2000, ADV ECONOMETRICS, V15, P93

← 1 2 3 →