{"title":"金融发展对各经济体二氧化碳排放的影响是一致的吗?来自异质分析的全球证据","authors":"Shobhana Sikhawal","doi":"10.1111/boer.12491","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>The study investigates financial development's heterogeneous impact on emission of CO<sub>2</sub>, especially in the pre- and post-global financial crisis phases and analyzes the mediators through which financial development affects the emission of CO<sub>2</sub>. Using panel quantile estimation with non-additive fixed effects method, on a comprehensive sample of 125 countries over the period 1991–2015, we find that the overall financial development activities increase the emission of CO<sub>2</sub>. However, financial development has a much greater effect on increasing CO<sub>2</sub> emissions in countries with fewer emissions than in those with higher emissions.</p>\n </div>","PeriodicalId":46233,"journal":{"name":"Bulletin of Economic Research","volume":"77 3","pages":"312-327"},"PeriodicalIF":0.8000,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Does Financial Development Affect the Emission of CO2 Uniformly Across Economies? Global Evidence From Heterogeneous Analysis\",\"authors\":\"Shobhana Sikhawal\",\"doi\":\"10.1111/boer.12491\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div>\\n \\n <p>The study investigates financial development's heterogeneous impact on emission of CO<sub>2</sub>, especially in the pre- and post-global financial crisis phases and analyzes the mediators through which financial development affects the emission of CO<sub>2</sub>. Using panel quantile estimation with non-additive fixed effects method, on a comprehensive sample of 125 countries over the period 1991–2015, we find that the overall financial development activities increase the emission of CO<sub>2</sub>. However, financial development has a much greater effect on increasing CO<sub>2</sub> emissions in countries with fewer emissions than in those with higher emissions.</p>\\n </div>\",\"PeriodicalId\":46233,\"journal\":{\"name\":\"Bulletin of Economic Research\",\"volume\":\"77 3\",\"pages\":\"312-327\"},\"PeriodicalIF\":0.8000,\"publicationDate\":\"2025-01-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Bulletin of Economic Research\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/boer.12491\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Bulletin of Economic Research","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/boer.12491","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Does Financial Development Affect the Emission of CO2 Uniformly Across Economies? Global Evidence From Heterogeneous Analysis
The study investigates financial development's heterogeneous impact on emission of CO2, especially in the pre- and post-global financial crisis phases and analyzes the mediators through which financial development affects the emission of CO2. Using panel quantile estimation with non-additive fixed effects method, on a comprehensive sample of 125 countries over the period 1991–2015, we find that the overall financial development activities increase the emission of CO2. However, financial development has a much greater effect on increasing CO2 emissions in countries with fewer emissions than in those with higher emissions.
期刊介绍:
The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.