globalchange  > 全球变化的国际研究计划
DOI: 10.1007/s11356-019-05714-w
WOS记录号: WOS:000480557400037
论文题名:
The nexus between financial development, globalization, and environmental degradation: Fresh evidence from Central and Eastern European Countries
作者: Shujah-ur-Rahman1; Chen, Songsheng1; Saud, Shah1; Bano, Sadia2; Haseeb, Abdul1
通讯作者: Shujah-ur-Rahman ; Chen, Songsheng
刊名: ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
ISSN: 0944-1344
EISSN: 1614-7499
出版年: 2019
卷: 26, 期:24, 页码:24733-24747
语种: 英语
英文关键词: Globalization ; Financial development ; Renewable energy ; Environmental degradation ; CEE ; OBOR
WOS关键词: FOREIGN DIRECT-INVESTMENT ; RENEWABLE ENERGY-CONSUMPTION ; EMISSIONS EMPIRICAL-EVIDENCE ; ECONOMIC-GROWTH EVIDENCE ; MITIGATE CO2 EMISSIONS ; KUZNETS CURVE ; NONRENEWABLE ENERGY ; ELECTRICITY CONSUMPTION ; ECOLOGICAL FOOTPRINT ; DYNAMIC RELATIONSHIP
WOS学科分类: Environmental Sciences
WOS研究方向: Environmental Sciences & Ecology
英文摘要:

Global warming and greenhouse gas emissions have become a severe threat to our ecosystem. Prior studies on environment posit that ample exhaustion of fossil fuels for energy is one of the fundamental causes of environmental degradation and naturally replenished energy sources are affordable over fossil fuels. This study set out to examine the role of financial sectors and globalization (in the presence of energy and renewable energy consumption) for a sustainable environment in the panel of Central and Eastern European (CEE) countries in One Belt and One Road initiative perspective. The current study uses annual data of 16 CEE countries covering the period of 1980 to 2016. After confirmation of cross-sectional dependency and co-integration among variables, we applied the Dynamic Seemingly Unrelated Regression and Dumitrescu-Hurlin causality approach for long-run estimations and to check the causal relationship, respectively. The empirical findings of the study certify the existence of an environmental Kuznets curve for the selected panel countries. Globalization is enhancing the environmental quality of the CEE economies. It is important to note that energy consumption and renewable energy consumption have a positive and statistically significant whack on carbon emission. In addition, we do not find a significant link between financial development and carbon emission. Granger casualty test confirms a two-way causal relationship between economic growth and carbon emission, globalization and environmental degradation, globalization and renewable energy consumption, economic growth and renewable energy consumption, and between financial development and energy consumption. Moreover, we found one-way causality from energy consumption (renewable and non-renewable) to carbon emissions. Based on the findings, a number of appropriate policy suggestions are presented in the perspective of Central and Eastern European Countries.


Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/144349
Appears in Collections:全球变化的国际研究计划

Files in This Item:

There are no files associated with this item.


作者单位: 1.Beijing Inst Technol, Sch Management & Econ, Beijing 100081, Peoples R China
2.Govt Coll Women Univ Sialkot, Dept Econ, Sialkot, Pakistan

Recommended Citation:
Shujah-ur-Rahman,Chen, Songsheng,Saud, Shah,et al. The nexus between financial development, globalization, and environmental degradation: Fresh evidence from Central and Eastern European Countries[J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH,2019-01-01,26(24):24733-24747
Service
Recommend this item
Sava as my favorate item
Show this item's statistics
Export Endnote File
Google Scholar
Similar articles in Google Scholar
[Shujah-ur-Rahman]'s Articles
[Chen, Songsheng]'s Articles
[Saud, Shah]'s Articles
百度学术
Similar articles in Baidu Scholar
[Shujah-ur-Rahman]'s Articles
[Chen, Songsheng]'s Articles
[Saud, Shah]'s Articles
CSDL cross search
Similar articles in CSDL Cross Search
[Shujah-ur-Rahman]‘s Articles
[Chen, Songsheng]‘s Articles
[Saud, Shah]‘s Articles
Related Copyright Policies
Null
收藏/分享
所有评论 (0)
暂无评论
 

Items in IR are protected by copyright, with all rights reserved, unless otherwise indicated.