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| DOI | 10.1016/j.enpol.2021.112256 |
| Public spending and green economic growth in BRI region: Mediating role of green finance | |
| Zhang D.; Mohsin M.; Rasheed A.K.; Chang Y.; Taghizadeh-Hesary F. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 153 |
| 英文摘要 | Generally, public spending on education, research, and development (R&D) is perceived to impact the economy and sustainability positively; however, such notion lacks evidence, particularly in Belt and Road Initiative (BRI) member countries. In this study, panel data of BRI member countries from 2008 to 2018 is analysed using the generalized method of moments (GMM) method and data envelopement analysis (DEA) to assess the relationship between public spending on R&D and green economic growth and energy efficiency. The study found a fluctuating green economic growth indicator during the research period attributed to the non-serious nature of government policies. The findings reveal that the GMM method confirms both composition and technique effects in the entire sample. Nonetheless, the result of the sub-sample showed a heterogeneous effect on high GDP per capita countries. Moreover, the study shows that public spending on human resources and R&D of green energy technologies prompts a sustainable green economy through labour and technology-oriented production activities and different effects in different countries. © 2021 Elsevier Ltd |
| 关键词 | Belt and road initiativeGeneralized method of momentsGreen public financeRadial direction distance functionSustainable green finance |
| 英文关键词 | Economic analysis; Energy efficiency; Finance; Roads and streets; Belt and road initiative; Economic growths; Generalized method of moments; Green public finance; Mediating roles; Member countries; Moments method; Radial direction distance function; Research and development; Sustainable green finance; Method of moments; data envelopment analysis; economic growth; energy efficiency; finance; panel data; parameter estimation; public spending; research and development; Indicator indicator |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205434 |
| 作者单位 | School of Economics, Capital University of Economics and Business, Beijing, 100070, China; School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, China; Department of New Energy Science and Engineering, Xiamen University, MalaysiaSelangor, Malaysia; School of Business, Singapore University of Social Sciences, Singapore; Social Science Research Institute, Tokai University, Hiratsuka-shi, Kanagawa, Japan |
| 推荐引用方式 GB/T 7714 | Zhang D.,Mohsin M.,Rasheed A.K.,et al. Public spending and green economic growth in BRI region: Mediating role of green finance[J],2021,153. |
| APA | Zhang D.,Mohsin M.,Rasheed A.K.,Chang Y.,&Taghizadeh-Hesary F..(2021).Public spending and green economic growth in BRI region: Mediating role of green finance.Energy Policy,153. |
| MLA | Zhang D.,et al."Public spending and green economic growth in BRI region: Mediating role of green finance".Energy Policy 153(2021). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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