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Financial development and environmental performance: evidence from China

Author

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  • YUXIANG, KARL
  • CHEN, ZHONGCHANG

Abstract

This paper extends the debate on the environmental performance of developing countries by focusing on a new factor. Theoretically, financial development has capitalization, technology, income, and regulation effects on the environment. Using the provincial panel data of China, the econometric analysis provides some evidence of a linkage between financial development and industrial pollution discharges. In recent years, the environmental performance of China has been significantly improved by financial development and some environmental protection schemes. This relationship offers new implications for policy makers in developing countries.

Suggested Citation

  • Yuxiang, Karl & Chen, Zhongchang, 2011. "Financial development and environmental performance: evidence from China," Environment and Development Economics, Cambridge University Press, vol. 16(01), pages 93-111, February.
  • Handle: RePEc:cup:endeec:v:16:y:2011:i:01:p:93-111_00
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    Cited by:

    1. Muhammad, Shahbaz, 2012. "Multivariate granger causality between CO2 Emissions, energy intensity, financial development and economic growth: evidence from Portugal," MPRA Paper 37774, University Library of Munich, Germany, revised 31 Mar 2012.
    2. Huimin, Liu, 2013. "The impact of human behavior on ecological threshold: Positive or negative?—Grey relational analysis of ecological footprint, energy consumption and environmental protection," Energy Policy, Elsevier, vol. 56(C), pages 711-719.
    3. Aslan Alper & Gozbasi Onur, 2016. "Environmental Kuznets curve hypothesis for sub-elements of the carbon emissions in China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 82(2), pages 1327-1340, June.
    4. Shahbaz, Muhammad, 2010. "Does financial instability increase environmental pollution in Pakistan?," MPRA Paper 31360, University Library of Munich, Germany, revised 28 Mar 2011.
    5. Boutabba, Mohamed Amine, 2014. "The impact of financial development, income, energy and trade on carbon emissions: Evidence from the Indian economy," Economic Modelling, Elsevier, vol. 40(C), pages 33-41.
    6. Muhammad, Shahbaz & Faridul, Islam & Muhammad Sabihuddin, Butt, 2011. "Financial Development, Energy Consumption and CO2 Emissions: Evidence from ARDL Approach for Pakistan," MPRA Paper 30138, University Library of Munich, Germany, revised 07 Apr 2011.

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