探索绿色金融和技术创新对绿色经济增长的影响：新兴市场经济体的证据

IF 11.3 1区化学 Q1 CHEMISTRY, PHYSICAL

ACS Catalysis Pub Date : 2024-05-09 DOI:10.1002/sd.3031

Asif Ali, Jinkai Li, Jin Zhang, M. Chishti

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引用次数: 0

摘要

新兴市场经济体（EMEs）的可持续未来在于实现可持续发展目标（SDGs），特别是可持续发展目标 8，这与绿色经济增长（GEG）及其决定因素（如绿色金融（GF）和技术创新（TI））以及一些控制变量有关。然而，目前的文献对新兴和发展中经济体的这些决定因素论述不足。为此，本研究采用了最有效、最先进的技术，如横截面自回归分布式滞后、增强均值组和共同相关效应均值组，以处理内生性、横截面依赖性和异质性等问题，这对于现有研究中使用的传统方法来说并非易事。本研究编制了一个面板数据集，时间跨度从 2000 年到 2019 年，横跨 13 个经济、中等收入国家。主要结果显示，全球金融框架（GF）、技术创新（TI）和人力资本（HC）有助于促进显著的全球经济增长，而金融发展（FD）和经济全球化（ECOGLB）则失败了。这项研究强调，决策者需要在规范金融发展和经济全球化进程的同时，重点促进全球金融框架的传播，加强技术创新和人力资本，以引导新兴国家实现可持续发展。

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Exploring the impact of green finance and technological innovation on green economic growth: Evidence from emerging market economies

The sustainable future of emerging market economies (EMEs) lies within achieving sustainable development goals (SDGs), specifically SDG 8, which is linked with green economic growth (GEG) and its determinants, such as green finance (GF) and technological innovation (TI), along with some control variables. However, the current literature has insufficiently addressed these determinants in the context of emerging and developing economies. In this regard, this study deployed the most effective and advanced techniques like cross‐sectional auto‐regressive distributed lags, augmented mean group, and common correlated effects mean group to handle the issues of endogeneity, cross‐sectional dependence, and heterogeneity, which is not an easy task for conventional methods used in existing studies. This study has compiled a panel data set spanning from 2000 to 2019, across 13 EMEs. The main outcomes revealed that GF, TI, and human capital (HC) help in fostering significant GEG, whereas financial development (FD) and economic globalization (ECOGLB) fail. The study underscores the need for policymakers to focus on the promotion of diffusion of GF and enhancement of TI and HC while regulating the FD and ECOGLB process to steer emerging nations toward sustainable development.

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来源期刊

ACS Catalysis CHEMISTRY, PHYSICAL-

CiteScore

20.80

自引率

6.20%

发文量

1253

审稿时长

1.5 months

期刊介绍： ACS Catalysis is an esteemed journal that publishes original research in the fields of heterogeneous catalysis, molecular catalysis, and biocatalysis. It offers broad coverage across diverse areas such as life sciences, organometallics and synthesis, photochemistry and electrochemistry, drug discovery and synthesis, materials science, environmental protection, polymer discovery and synthesis, and energy and fuels. The scope of the journal is to showcase innovative work in various aspects of catalysis. This includes new reactions and novel synthetic approaches utilizing known catalysts, the discovery or modification of new catalysts, elucidation of catalytic mechanisms through cutting-edge investigations, practical enhancements of existing processes, as well as conceptual advances in the field. Contributions to ACS Catalysis can encompass both experimental and theoretical research focused on catalytic molecules, macromolecules, and materials that exhibit catalytic turnover.