A causal link between financialization and ecological status: a novel framework for Asian countries?
Sustainable finance and green trade are essential to accomplish the green growth agenda. Though the literature prevails, little is known about the inclusive influence of financialization and trade openness on ecological status rather than just focusing on air pollution or inconclusive element. This...
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| Veröffentlicht in: | Environmental science and pollution research international 2023-08, Vol.30 (36), p.85685-85700 |
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| creator | Sabir, Saeed Ahmad Rehman, Mubeen Abdur Javed, Muhammad Zahid Mehmood, Usman Ishaq, Rabia |
| description | Sustainable finance and green trade are essential to accomplish the green growth agenda. Though the literature prevails, little is known about the inclusive influence of financialization and trade openness on ecological status rather than just focusing on air pollution or inconclusive element. This study aims to analyze the role of financial dimensions and trade openness with environmental performance in the context of three panels of Asian countries consisting of low, middle, and high-income over the period 1990–2020. The estimated outcomes from the novel panel, the Granger non-causality technique, demonstrate that financialization further contributes to environmental deterioration instead of preserving the environmental quality. Regarding the low and middle-income economies, the authorities should enhance gains from trade openness to develop energy efficiency and ecological status policies. In the case of high-income Asian countries, they are even more desperate to consume energy and ignore the ecological challenges. The findings of this research offer various policy suggestions to accomplish sustainable development objectives. |
| doi_str_mv | 10.1007/s11356-023-28352-9 |
| format | Article |
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| subjects | Air pollution Alternative energy Aquatic Pollution Asia Atmospheric Protection/Air Quality Control/Air Pollution Carbon Carbon Dioxide - analysis Developing countries Earth and Environmental Science Ecological effects Economic Development Economic growth Ecotoxicology Emissions Energy consumption Energy efficiency Environment Environmental Chemistry Environmental degradation Environmental Health Environmental performance Environmental quality Environmental science finance Financial institutions High income Income International trade issues and policy LDCs Natural resources Performance management Purchasing power Remote sensing Renewable Energy Renewable resources Research Article Sustainable Development trade Waste Water Technology Water Management Water Pollution Control |
| title | A causal link between financialization and ecological status: a novel framework for Asian countries? |
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