The relationship between investment determinants and environmental sustainability: Evidence through meta-analysis

IF 2.9 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2024-02-10 DOI:10.1016/j.qref.2024.02.001

Ravita Kharb , Vivek Suneja , Shalini Aggarwal , Pragati Singh , Umer Shahzad , Neha Saini , Dinesh Kumar

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Abstract

There has been a lot of scholarly interest in investigating the relationship between investment determinants and environmental sustainability. The objective of this study is to utilise meta-analysis to combine 43861 observations from 82 studies that look at how environmental sustainability determinants (Carbon emission, greenhouse gas emission, climate change) and investment determinants, such as foreign direct investment, trade openness, international trade, globalisation, and green innovation, connected. The findings show that there is a significant and positive association between environmental sustainability and Foreign direct investment, trade openness, international trade, and globalization. Additionally, the association between carbon emission and green innovation was found negative. Also, institutional quality, regulatory quality, and market type moderate the relationship between investment determinants and environmental sustainability. Studies show that introducing institutional quality as a moderator for Foreign direct investment and trade openness negatively affects carbon emissions. The present study also stipulates policy implications for countries to reduce carbon emissions.

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投资决定因素与环境可持续性之间的关系：荟萃分析提供的证据

学者们对投资决定因素与环境可持续性之间关系的研究兴趣浓厚。本研究旨在利用荟萃分析法，将 82 项研究中的 43861 项观察结果结合起来，研究环境可持续性决定因素（碳排放、温室气体排放、气候变化）与投资决定因素（如外国直接投资、贸易开放度、国际贸易、全球化和绿色创新）之间的联系。研究结果表明，环境可持续性与外商直接投资、贸易开放度、国际贸易和全球化之间存在显著的正相关关系。此外，碳排放与绿色创新之间呈负相关。此外，制度质量、监管质量和市场类型也会缓和投资决定因素与环境可持续性之间的关系。研究表明，引入制度质量作为外商直接投资和贸易开放的调节因素会对碳排放产生负面影响。本研究还为各国减少碳排放提供了政策启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.