气候变化领域集成服务门户(CCPortal): Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?

CCPortal

DOI	10.1016/j.enpol.2022.112780
	Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?
	Usman M.; Balsalobre-Lorente D.
发表日期	2022
ISSN	0301-4215
卷号	162
英文摘要	Economic development accelerates the process of industrialization that has amplified the worth of extracted natural resources. Extensive exploitation of natural resources through total reserves, financial development, and renewable energy can influence the atmosphere. In view of this, this study examines the influence of industrialization, total reserves and the expansion of financial, renewable and natural resources on the ecological footprint. This research applies panel data for the period from 1990 to 2019 in newly industrialized countries. The findings of the augmented mean group (AMG) panel algorithm are robust to heterogeneity, and cross-sectional dependence points to the heterogeneous effect of industrialization, total reserves and financial development in significantly driving environmental pollution in these countries. In contrast, the abundance of natural resources and renewable energy significantly mitigates environmental pollution in the long-run. These results are also consistent with long-run and disaggregate level estimation. Moreover, the panel Dumitrescu and Hurlin causality test results revealed a unidirectional causality association from industrialization and renewable energy to ecological footprint and from ecological footprint to natural resources. A bidirectional causality relation was also found between financial development and total reserves, and the ecological footprint. Finally, several important policy implications are suggested to protect environmental quality in newly industrialized countries. © 2022 Elsevier Ltd
英文关键词	AMG estimator; Financial development; Industrialization; Natural resources; Newly industrialized countries; Total reserves
语种	英语
scopus关键词	Finance; Pollution; Public policy; Renewable energy resources; Augmented mean group estimator; Ecological footprint; Environmental concerns; Environmental pollutions; Financial development; Industrialisation; Industrialized countries; Newly industrialized country; Renewable energies; Total reserve; Natural resources; alternative energy; economic development; energy policy; estimation method; exploitation; financial services; industrialization; natural resource
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/256363
作者单位	Institute for Region and Urban-Rural Development, and Center for Industrial Development and Regional Competitiveness, Wuhan University, Hubei Province, Wuhan, 430072, China; Department of Political Economy and Public Finance, Economic and Business Statistics and Economic Policy, University of Castilla-La, Mancha, Spain; Department of Applied Economics, University of Alicante, Spain
推荐引用方式 GB/T 7714	Usman M.,Balsalobre-Lorente D.. Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?[J],2022,162.
APA	Usman M.,&Balsalobre-Lorente D..(2022).Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?.Energy Policy,162.
MLA	Usman M.,et al."Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?".Energy Policy 162(2022).