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- W3043911571 abstract "Abstract This paper investigates the moderation effect of financial development (FD) on the environmental Kuznets curve (EKC). Using comprehensive panel data of 115 countries spanning the 1990–2016 period and dividing the countries into different income groups, the researcher found systematic differences in the relationship between significant indicators of environmental degradation and economic growth. More specifically, the interaction effect of FD on the relationship between gross domestic product (GDP) growth and CO 2 emissions are positive; nevertheless, the interaction effect of FD on the relationship between GDP squared and CO 2 emissions become negative for all income groups and therefore supports the EKC. Moreover, the interaction effect of FD is negative on the relationship of GDP with both CH 4 and PM 2.5 emissions in the middle‐income groups, whereas the interaction effect of FD on the relationship between GDP squared and PM 2.5 emissions are negative for the high‐income group. Our results suggest that FD can reduce environmental degradation without adversely impacting on growth." @default.
- W3043911571 created "2020-07-29" @default.
- W3043911571 creator A5042678000 @default.
- W3043911571 date "2020-07-22" @default.
- W3043911571 modified "2023-09-26" @default.
- W3043911571 title "Does financial development stimulate environmental sustainability? Evidence from a panel study of 115 countries" @default.
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- W3043911571 doi "https://doi.org/10.1002/bse.2591" @default.
- W3043911571 hasPublicationYear "2020" @default.
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