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DOI | 10.1016/j.jenvman.2019.03.112 |
Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN | |
Nasir, Muhammad Ali1,2; Toan Luu Duc Huynh2,3; Huong Thi Xuan Tram2 | |
发表日期 | 2019 |
ISSN | 0301-4797 |
EISSN | 1095-8630 |
卷号 | 242页码:131-141 |
英文摘要 | In the context of remarkable economic growth and financial development in the emerging economies of East Asia, this paper attempts to shed light on the ecological consequences (CO2 emission) of economic growth, foreign direct investment and financial development in the selected ASEAN-5 economies. Drawing on the data from 1982 to 2014, we employed a set of quantitative techniques for panel data analysis which entailed Dynamic Ordinary Least Squares (DOLS) and Fully Modified OLS (FMOLS) approaches. Our findings indicate that financial and economic development, as well as FDI, have a statistically significant long-run co-integrating relationship with environmental degradation (CO2 emissions) in the under analysis economies. It showed that in ASEAN-5 countries, economic growth, financial development and FDI leads to an increase in environmental degradation. The quadratic term for economic growth showed a negative impact on environmental degradation i.e. Environmental Kuznets Curve (EKC). Our key findings manifest and emphasise the importance of appropriate policies for more inclusive economic and financial development and sustainable foreign direct investment which does not impede on the environment. |
WOS研究方向 | Environmental Sciences & Ecology |
来源期刊 | JOURNAL OF ENVIRONMENTAL MANAGEMENT |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/100523 |
作者单位 | 1.Leeds Beckett Univ, Leeds, W Yorkshire, England; 2.Univ Econ Ho Chi Minh City, Sch Banking, Ho Chi Minh City, Vietnam; 3.WHU Otto Beisheim Sch Management, Vallendar, Germany |
推荐引用方式 GB/T 7714 | Nasir, Muhammad Ali,Toan Luu Duc Huynh,Huong Thi Xuan Tram. Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN[J],2019,242:131-141. |
APA | Nasir, Muhammad Ali,Toan Luu Duc Huynh,&Huong Thi Xuan Tram.(2019).Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN.JOURNAL OF ENVIRONMENTAL MANAGEMENT,242,131-141. |
MLA | Nasir, Muhammad Ali,et al."Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN".JOURNAL OF ENVIRONMENTAL MANAGEMENT 242(2019):131-141. |
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