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Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery


  • Yanqiu Wu

    (Zhejiang Yuexiu University)

  • Yuanjie Pu

    (Zhejiang University of Science and Technology)

  • Chih-Hung Pai

    (Zhejiang Yuexiu Univerisity)


The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 through employing annual data and the panel co-integration approach. The results confirmed that the degree of green trade openness positively and significantly affects the green recovery. The estimated coefficient of direct foreign investment is negative. The patent coefficient is not statistically significant, and the official exchange rate has a positive effect. Financial development has a positive and significant coefficient. The paper has several policy implications, such as enhancing green FDI (Foreign Direct Investment), supporting green innovation, and promoting green trade liberalism for scholars and policymakers.

Suggested Citation

  • Yanqiu Wu & Yuanjie Pu & Chih-Hung Pai, 2023. "Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery," Economic Change and Restructuring, Springer, vol. 56(4), pages 2511-2527, August.
  • Handle: RePEc:kap:ecopln:v:56:y:2023:i:4:d:10.1007_s10644-023-09527-3
    DOI: 10.1007/s10644-023-09527-3

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    References listed on IDEAS

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    More about this item


    Trade regionalism; Investment; Green recovery; Central Asia;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models


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