{"title":"The Function of Green Finance Initiative in Maintaining Ocean Health: Novel Findings From an International Database.","authors":"Le Thanh Ha","doi":"10.1177/11786302241304616","DOIUrl":null,"url":null,"abstract":"<p><p>This article empirically analyzes the influence of green finance (GF) on ocean health. Employing 10 indicators and a composite Ocean Health Index (OHI) to measure the efficiency and sustainability of ocean economies, the study spans 9 years across 35 countries. Multiple econometric methodologies, including Feasible Generalized Least Squares (FGLS), Panel-Corrected Standard Errors (PCSE), and the 2-step Generalized Method of Moments (GMM), demonstrate a substantial negative association between GF and ocean health. An extensive analysis of GF's relationship to the Ocean Health Index (OHI) components indicates that GF negatively impacts each of the 6 aspects of OHI. In the long run, however, when a Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) model is used to assess the short- and long-term impacts, the results show a substantial positive association between GF and the ocean health. <b>JEL code:</b> J4; C12.</p>","PeriodicalId":11827,"journal":{"name":"Environmental Health Insights","volume":"18 ","pages":"11786302241304616"},"PeriodicalIF":2.3000,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11632887/pdf/","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environmental Health Insights","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/11786302241304616","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2024/1/1 0:00:00","PubModel":"eCollection","JCR":"Q2","JCRName":"PUBLIC, ENVIRONMENTAL & OCCUPATIONAL HEALTH","Score":null,"Total":0}
引用次数: 0
Abstract
This article empirically analyzes the influence of green finance (GF) on ocean health. Employing 10 indicators and a composite Ocean Health Index (OHI) to measure the efficiency and sustainability of ocean economies, the study spans 9 years across 35 countries. Multiple econometric methodologies, including Feasible Generalized Least Squares (FGLS), Panel-Corrected Standard Errors (PCSE), and the 2-step Generalized Method of Moments (GMM), demonstrate a substantial negative association between GF and ocean health. An extensive analysis of GF's relationship to the Ocean Health Index (OHI) components indicates that GF negatively impacts each of the 6 aspects of OHI. In the long run, however, when a Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) model is used to assess the short- and long-term impacts, the results show a substantial positive association between GF and the ocean health. JEL code: J4; C12.
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