How Does Financial Development Affect Reductions in Carbon Emissions in High-Energy Industries?—A Perspective on Technological Progress
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Hansen, Bruce E., 1999.
"Threshold effects in non-dynamic panels: Estimation, testing, and inference,"
Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
- Bruce E. Hansen, 1997. "Threshold effects in non-dynamic panels: Estimation, testing and inference," Boston College Working Papers in Economics 365, Boston College Department of Economics.
- Zhang, Yue-Jun, 2011.
"The impact of financial development on carbon emissions: An empirical analysis in China,"
Energy Policy, Elsevier, vol. 39(4), pages 2197-2203, April.
- Yue-Jun Zhang, 2010. "The impact of financial development on carbon emissions: an empirical analysis in China," CEEP-BIT Working Papers 8, Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology.
- Raymond W. Goldsmith, 1959. "Financial Structure and Development as a Subject for International Comparative Study," NBER Chapters, in: The Comparative Study of Economic Growth and Structure, pages 114-123, National Bureau of Economic Research, Inc.
- Beck, Thorsten & Levine, Ross & Loayza, Norman, 2000.
"Finance and the sources of growth,"
Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 261-300.
- Beck,Thorsten & Levine,Ross Eric & Loayza,Norman V., 1999. "Finance and the sources of growth," Policy Research Working Paper Series 2057, The World Bank.
- Merton, Robert C, 1987.
"A Simple Model of Capital Market Equilibrium with Incomplete Information,"
Journal of Finance, American Finance Association, vol. 42(3), pages 483-510, July.
- Merton, Robert C., 1987. "A simple model of capital market equilibrium with incomplete information," Working papers 1869-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Niels Hermes & Robert Lensink, 2003.
"Foreign direct investment, financial development and economic growth,"
Journal of Development Studies, Taylor & Francis Journals, vol. 40(1), pages 142-163.
- Hermes, Niels & Lensink, Robert, 2000. "Foreign direct investment, financial development and economic growth," Research Report 00E27, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Tamazian, Artur & Chousa, Juan Piñeiro & Vadlamannati, Krishna Chaitanya, 2009. "Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries," Energy Policy, Elsevier, vol. 37(1), pages 246-253, January.
- Gujba, Haruna & Thorne, Steve & Mulugetta, Yacob & Rai, Kavita & Sokona, Youba, 2012. "Financing low carbon energy access in Africa," Energy Policy, Elsevier, vol. 47(S1), pages 71-78.
- Aidy Halimanjaya, 2015. "Climate mitigation finance across developing countries: what are the major determinants?," Climate Policy, Taylor & Francis Journals, vol. 15(2), pages 223-252, March.
- Zhang, Zhaoguo & Jin, Xiaocui & Yang, Qingxiang & Zhang, Yi, 2013. "An empirical study on the institutional factors of energy conservation and emissions reduction: Evidence from listed companies in China," Energy Policy, Elsevier, vol. 57(C), pages 36-42.
- Rory Sullivan & Andy Gouldson & Phil Webber, 2013. "Funding low carbon cities: local perspectives on opportunities and risks," Climate Policy, Taylor & Francis Journals, vol. 13(4), pages 514-529, July.
- Shahbaz, Muhammad & Kumar Tiwari, Aviral & Nasir, Muhammad, 2013. "The effects of financial development, economic growth, coal consumption and trade openness on CO2 emissions in South Africa," Energy Policy, Elsevier, vol. 61(C), pages 1452-1459.
- Hanson, Donald & Laitner, John A. Skip, 2004. "An integrated analysis of policies that increase investments in advanced energy-efficient/low-carbon technologies," Energy Economics, Elsevier, vol. 26(4), pages 739-755, July.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Shunbin Zhong & Huafu Shen & Ziheng Niu & Yang Yu & Lin Pan & Yaojun Fan & Atif Jahanger, 2022. "Moving towards Environmental Sustainability: Can Digital Economy Reduce Environmental Degradation in China?," IJERPH, MDPI, vol. 19(23), pages 1-23, November.
- Sylvia Kor & Md. Qamruzzaman, 2024. "Decoding the Environmental Synergy in BRI Nations: Analyzing the Influence of Renewable Energy Adoption, Financial Evolution, FDI, and Capital Resilience on Sustainability," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 582-599, May.
- Zhu, Qing & Lu, Kai & Liu, Shan & Ruan, Yinglin & Wang, Lin & Yang, Sung-Byung, 2022. "Can low-carbon value bring high returns? Novel quantitative trading from portfolio-of-investment targets in a new-energy market," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 755-769.
- Xiaoxin Ma & Qiang Fu, 2020. "The Influence of Financial Development on Energy Consumption: Worldwide Evidence," IJERPH, MDPI, vol. 17(4), pages 1-15, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Qiutong Xue & Sixian Feng & Kairan Chen & Muchen Li, 2022. "Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China," Sustainability, MDPI, vol. 14(14), pages 1-26, July.
- Chang, Shu-Chen, 2015. "Effects of financial developments and income on energy consumption," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 28-44.
- Xiaoxin Ma & Qiang Fu, 2020. "The Influence of Financial Development on Energy Consumption: Worldwide Evidence," IJERPH, MDPI, vol. 17(4), pages 1-15, February.
- Deng, Qiu Shi & Alvarado, Rafael & Cuesta, Lizeth & Tillaguango, Brayan & Murshed, Muntasir & Rehman, Abdul & Işık, Cem & López-Sánchez, Michelle, 2022. "Asymmetric impacts of foreign direct investment inflows, financial development, and social globalization on environmental pollution," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 236-251.
- Omri, Anis & Daly, Saida & Rault, Christophe & Chaibi, Anissa, 2015.
"Financial development, environmental quality, trade and economic growth: What causes what in MENA countries,"
Energy Economics, Elsevier, vol. 48(C), pages 242-252.
- Anis Omri & Saida Daly & Christophe Rault & Anissa Chaibi, 2015. "Financial Devlopment, Environmental Quality, Trade and Economic Growth: What Causes What in MENA Countries?," CESifo Working Paper Series 5204, CESifo.
- Omri, Anis & Daly, Saida & Rault, Christophe & Chaibi, Anissa, 2015. "Financial Development, Environmental Quality, Trade and Economic Growth: What Causes What in MENA Countries," IZA Discussion Papers 8868, Institute of Labor Economics (IZA).
- Anis Omri & Saida Daly & Anissa Chaibi & Christophe Rault, 2015. "Financial Development, Environmental Quality, Trade and Economic Growth : What Causes What in MENA Countries," Working Papers 2015-622, Department of Research, Ipag Business School.
- Mohamed Abdouli & Sami Hammami, 2020. "Economic Growth, Environment, FDI Inflows, and Financial Development in Middle East Countries: Fresh Evidence from Simultaneous Equation Models," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(2), pages 479-511, June.
- Huang, Junbing & Liu, Qiang & Cai, Xiaochen & Hao, Yu & Lei, Hongyan, 2018. "The effect of technological factors on China's carbon intensity: New evidence from a panel threshold model," Energy Policy, Elsevier, vol. 115(C), pages 32-42.
- Yingying Zhou & Yaru Xu & Chuanzhe Liu & Zhuoqing Fang & Jiayi Guo, 2019. "Spatial Effects of Technological Progress and Financial Support on China’s Provincial Carbon Emissions," IJERPH, MDPI, vol. 16(10), pages 1-22, May.
- Chun Jiang & Xiaoxin Ma, 2019. "The Impact of Financial Development on Carbon Emissions: A Global Perspective," Sustainability, MDPI, vol. 11(19), pages 1-22, September.
- Taner Akan & Halil İbrahim Gündüz & Tara Vanlı & Ahmet Baran Zeren & Ali Haydar Işık & Tamerlan Mashadihasanli, 2023. "Why are some countries cleaner than others? New evidence from macroeconomic governance," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(7), pages 6167-6223, July.
- Paramati, Sudharshan Reddy & Mo, Di & Gupta, Rakesh, 2017. "The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries," Energy Economics, Elsevier, vol. 66(C), pages 360-371.
- Yue, Shujing & Lu, Rou & Shen, Yongchang & Chen, Hongtao, 2019. "How does financial development affect energy consumption? Evidence from 21 transitional countries," Energy Policy, Elsevier, vol. 130(C), pages 253-262.
- Asongu, Simplice A. & Odhiambo, Nicholas M., 2021.
"Inequality, finance and renewable energy consumption in Sub-Saharan Africa,"
Renewable Energy, Elsevier, vol. 165(P1), pages 678-688.
- Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Inequality, Finance and Renewable Energy Consumption in Sub-Saharan Africa," Working Papers 20/084, European Xtramile Centre of African Studies (EXCAS).
- Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Inequality, Finance and Renewable Energy Consumption in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 20/084, African Governance and Development Institute..
- Asongu, Simplice & Odhiambo, Nicholas, 2020. "Inequality, Finance and Renewable Energy Consumption in Sub-Saharan Africa," MPRA Paper 107510, University Library of Munich, Germany.
- Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Inequality, Finance and Renewable Energy Consumption in Sub-Saharan Africa," Research Africa Network Working Papers 20/084, Research Africa Network (RAN).
- Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015.
"Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries,"
World Development, Elsevier, vol. 68(C), pages 66-81.
- Nahla Samargandi & Jan Fidrmuc & Sugata Ghosh, 2014. "Is the Relationship between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries," CESifo Working Paper Series 4743, CESifo.
- Acheampong, Alex O., 2019. "Modelling for insight: Does financial development improve environmental quality?," Energy Economics, Elsevier, vol. 83(C), pages 156-179.
- Isaac K. Ofori & Francesco Figari & Nathanael Ojong, 2023. "Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth," Working Papers of the African Governance and Development Institute. 23/023, African Governance and Development Institute..
- Renzhong Liu & Jingxiu Du & Liuyan Wei, 2022. "Financial Development, Heterogeneous Technological Progress, and Carbon Emissions: An Empirical Analysis Based on Provincial Panel Data in China," Sustainability, MDPI, vol. 14(19), pages 1-20, October.
- Ofori, Isaac K. & Figari, Francesco & Ojong, Nathanael, 2023. "Towards sustainability: The relationship between foreign direct investment, economic freedom and inclusive green growth," MPRA Paper 116956, University Library of Munich, Germany.
- Xiaoxia Shi & Haiyun Liu & Joshua Sunday Riti, 2019. "The role of energy mix and financial development in greenhouse gas (GHG) emissions’ reduction: evidence from ten leading CO2 emitting countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(3), pages 695-729, October.
- Xueyang Liu & Xiaoxing Liu, 2021. "Can Financial Development Curb Carbon Emissions? Empirical Test Based on Spatial Perspective," Sustainability, MDPI, vol. 13(21), pages 1-19, October.
More about this item
Keywords
high-energy industries; carbon emission reduction; financial development; technological progress; panel-threshold effect;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:16:y:2019:i:17:p:3018-:d:259484. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.