Do environmental technology and banking sector development matter for green growth? Evidence from top-polluted economies

Pursuing green growth is imperative to cope with the climate change battle. Green growth in top-polluting economies is being encouraged. The underlying work is aiming to investigate the impact of environmental technology and banking sector on green growth. More precisely, the study employs CS-ARDL a...

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Veröffentlicht in:Environmental science and pollution research international 2023-02, Vol.30 (6), p.14760-14769
Hauptverfasser: Ahmed, Manzoor, Hafeez, Muhammad, Kaium, Muhammad Abdul, Ullah, Sana, Ahmad, Haseeb
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container_end_page 14769
container_issue 6
container_start_page 14760
container_title Environmental science and pollution research international
container_volume 30
creator Ahmed, Manzoor
Hafeez, Muhammad
Kaium, Muhammad Abdul
Ullah, Sana
Ahmad, Haseeb
description Pursuing green growth is imperative to cope with the climate change battle. Green growth in top-polluting economies is being encouraged. The underlying work is aiming to investigate the impact of environmental technology and banking sector on green growth. More precisely, the study employs CS-ARDL and PMG-ARDL methods for empirical assessment. The FMOLS and DOLS techniques have been used to perform the sensitivity analysis for CS-ARDL and PMG-ARDL results. Empirical evidence of both the CS-ARDL and PMG-ARDL models reveals that banking sector development and environmental technology promote green growth. In detail, the insights reveal the significant and positive effect of environmental innovations and technology on green growth in both long-run as well as in short-run. Moreover, the findings of the study also disclose the significant and positive effect of banking sector and stock market developments on green growth in both long-run and short-run. Sensitivity analysis confirmed and improved our findings. Based on these effects, the study delivers policy implications for the promotion of environmental-based technological innovations and financial sector development to enhance green growth in top-polluted economies.
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subjects Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon Dioxide
Climate Change
Earth and Environmental Science
Economic Development
Ecotoxicology
Environment
Environmental Chemistry
Environmental Health
environmental technology
Inventions
issues and policy
Research Article
stock exchange
Waste Water Technology
Water Management
Water Pollution Control
title Do environmental technology and banking sector development matter for green growth? Evidence from top-polluted economies
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