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Financial globalization and environmental degradation nexus: Evidence from emerging economies

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  • Ulucak, Zübeyde Şentürk
  • İlkay, Salih Çağrı
  • Özcan, Burcu
  • Gedikli, Ayfer

Abstract

This study explores how financial globalization affects environmental degradation in the emerging economies by using ecological footprint as a proxy for environmental degradation. With this aim, panel data models are conducted for the annual data covering the period 1974–2016. Results indicated that there is not an inverted U-shaped relationship between economic growth and environmental degradation. It was also found that financial globalization contributes to the improvement of the environmental quality level of emerging economies.

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  • Ulucak, Zübeyde Şentürk & İlkay, Salih Çağrı & Özcan, Burcu & Gedikli, Ayfer, 2020. "Financial globalization and environmental degradation nexus: Evidence from emerging economies," Resources Policy, Elsevier, vol. 67(C).
    • Handle: RePEc:eee:jrpoli:v:67:y:2020:i:c:s0301420720300945
    DOI: 10.1016/j.resourpol.2020.101698
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