Environmental outlook of ASEAN-5 through the lens of green bonds, environmental technologies and financialization

IF 4.9 Q1 BUSINESS
Ngoc Thanh Tran, Hai-Tuan Nguyen, Trung Kien Tran, Gia Luat Diep, Thi Huong Nhai Nguyen, Nguyen Tran Thai Ha
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引用次数: 0

Abstract

Sustainable development goals call for urgent action with an aim to spur socio-economic growth along with the protection of the environment and resources. However, these goals are difficult to be achieved when finances are not mobilized to mitigate harmful resources. In return, numerous green bond manifestations appeared in the market, which are viewed as a bridge to have successful implementation of sustainable development goals. Therefore, the study is aimed to explore the relevance of green bonds, financialization, and sustainable environmental change mitigation technologies for environmental change in ASEAN economies. The initial outcomes confirm the long-run cointegration association between study variables and also explore the slope heterogeneity and cross-sectional dependencies. To explore the causal connections between the study variables, the current study employs CS-ARDL technique. The study finds significant contributions of sustainable environmental change mitigation technologies and green bonds in the reduction of pollution, hence improving climate quality. The short-run infers similar results with relatively lower magnitudes of coefficients as compared to the long-run. Negative error correction terms are used to confirm the stability of the model, which implies sustained convergence towards “steady-state equilibrium” in case of expected deviations. The results offer practical implications and recommendations.
从绿色债券、环境技术和金融化角度看东盟五国的环境展望
可持续发展目标呼吁采取紧急行动,以促进社会经济增长,同时保护环境和资源。然而,如果不调动资金来减少有害资源,这些目标就很难实现。因此,市场上出现了许多绿色债券,它们被视为成功实现可持续发展目标的桥梁。因此,本研究旨在探讨绿色债券、金融化和可持续环境变化减缓技术与东盟经济体环境变化的相关性。初步结果证实了研究变量之间的长期协整关系,同时也探讨了斜率异质性和横截面依赖性。为探讨研究变量之间的因果关系,本研究采用了 CS-ARDL 技术。研究发现,可持续环境变化减缓技术和绿色债券在减少污染、改善气候质量方面做出了重大贡献。短期结果与长期结果相似,但系数大小相对较小。负误差修正项用于确认模型的稳定性,这意味着在出现预期偏差的情况下,模型会持续向 "稳态均衡 "靠拢。研究结果提供了实际意义和建议。
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来源期刊
CiteScore
7.50
自引率
6.10%
发文量
17
审稿时长
15 weeks
期刊介绍: The International Journal of Engineering Business Management (IJEBM) is an international, peer-reviewed, open access scientific journal that aims to promote an integrated and multidisciplinary approach to engineering, business and management. The journal focuses on issues related to the design, development and implementation of new methodologies and technologies that contribute to strategic and operational improvements of organizations within the contemporary global business environment. IJEBM encourages a systematic and holistic view in order to ensure an integrated and economically, socially and environmentally friendly approach to management of new technologies in business. It aims to be a world-class research platform for academics, managers, and professionals to publish scholarly research in the global arena. All submitted articles considered suitable for the International Journal of Engineering Business Management are subjected to rigorous peer review to ensure the highest levels of quality. The review process is carried out as quickly as possible to minimize any delays in the online publication of articles. Topics of interest include, but are not limited to: -Competitive product design and innovation -Operations and manufacturing strategy -Knowledge management and knowledge innovation -Information and decision support systems -Radio Frequency Identification -Wireless Sensor Networks -Industrial engineering for business improvement -Logistics engineering and transportation -Modeling and simulation of industrial and business systems -Quality management and Six Sigma -Automation of industrial processes and systems -Manufacturing performance and productivity measurement -Supply Chain Management and the virtual enterprise network -Environmental, legal and social aspects -Technology Capital and Financial Modelling -Engineering Economics and Investment Theory -Behavioural, Social and Political factors in Engineering
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