The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

被引：54

作者：

Shobande, Olatunji Abdul ^{[1
]}

Ogbeifun, Lawrence ^{[2
]}

机构：

[1] Univ Aberdeen, Business Sch, Aberdeen, Scotland

[2] Univ Mississippi, Dept Econ, Oxford, MS USA

来源：

INTERNATIONAL JOURNAL OF SUSTAINABLE DEVELOPMENT AND WORLD ECOLOGY | 2022年 / 29卷 / 02期

关键词：

Financial Development Index; Energy Consumption; Environmental Quality; Dynamic Panel Analysis; OECD Countries; CARBON EMISSIONS EVIDENCE; ECONOMIC-GROWTH; AFRICA EVIDENCE; CO2; EMISSION; LONG-RUN; IMPACT; DEGRADATION; TRADE;

D O I：

10.1080/13504509.2021.1934179

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

This study explored whether financial development and energy consumption affect environmental sustainability in Organization for Economic Cooperation and Development (OECD) countries. The empirical evidence used in this study was based on the standard fixed effects and the Arellano-Bover/Bundell Bond dynamic panel approach. Our empirical results demonstrated the importance of a financial development index and energy efficiency for reducing carbon emissions and promoting sustainability in the OECD. The mechanism through which financial development affects carbon emissions has been identified as energy consumption and foreign direct investment. Our study recommends that financial development be prioritised alongside investments in energy efficiency to promote environmental sustainability.

引用

页码：153 / 163

页数：11

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