Financial development and environmental degradation: insights from European countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101521" target="_blank" >RIV/60460709:41110/24:101521 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2364087" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/00036846.2024.2364087</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/00036846.2024.2364087" target="_blank" >10.1080/00036846.2024.2364087</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Financial development and environmental degradation: insights from European countries

Popis výsledku v původním jazyce

We investigate the relationship between financial development and environmental quality during 1996-2019 in a panel analysis of 40 European countries, of which 28 EU and 12 non-EU member countries. We built four empirical models to check the connection between financial development and environmental degradation while controlling for GDP growth, trade openness, FDI, and energy consumption. We applied the Dynamic Common Correlated Effects (DCCE) estimator because of cross-sectional dependence (CSD) among the panel cross-sections. Our findings report a positive association between financial development and environmental degradation for the entire panel of European countries. The subsequent analysis of sub-groups shows that this is particularly the case for non-EU member countries and countries with a high level of financial development. Furthermore, there is a bidirectional causality between financial development, energy consumption or trade openness, and environmental degradation in European countries.

Název v anglickém jazyce

Financial development and environmental degradation: insights from European countries

Popis výsledku anglicky

We investigate the relationship between financial development and environmental quality during 1996-2019 in a panel analysis of 40 European countries, of which 28 EU and 12 non-EU member countries. We built four empirical models to check the connection between financial development and environmental degradation while controlling for GDP growth, trade openness, FDI, and energy consumption. We applied the Dynamic Common Correlated Effects (DCCE) estimator because of cross-sectional dependence (CSD) among the panel cross-sections. Our findings report a positive association between financial development and environmental degradation for the entire panel of European countries. The subsequent analysis of sub-groups shows that this is particularly the case for non-EU member countries and countries with a high level of financial development. Furthermore, there is a bidirectional causality between financial development, energy consumption or trade openness, and environmental degradation in European countries.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

APPLIED ECONOMICS

ISSN

0003-6846

e-ISSN

0003-6846

Svazek periodika

Neuveden

Číslo periodika v rámci svazku

Neuveden

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

21

Strana od-do

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Kód UT WoS článku

001243825200001

EID výsledku v databázi Scopus

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