Economic Sanctions and Environmental Performance: The Moderating Roles of Financial Market Development and Institutional Quality

Ha, Le Thanh; Hoang, Dung Phuong

doi:10.1007/s11356-021-17103-3

Cited by 33 publications

(25 citation statements)

References 74 publications

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“…In addition, Li et al (2022) used the asymmetric ARDL framework to analyze the asymmetric influence of financial development on ecosystems in China from 1981 to 2019 and found that financial development resulted in a decrease in CO 2 emissions. Le and Hoang (2022) found similar results when they utilized the gravity model to investigate the impacts of financial development on CO 2 emissions in emerging, transition, and industrialized nations. Similarly, Khan et al (2022a, b) found that global financial development enhanced environmental sustainability from 2002 to 2019, while Khan et al (2021a, b, c) demonstrated that financial development improved environmental quality in 184 nations.…”

Section: Review Of Previous Literaturementioning

confidence: 58%

“…The environmental effects of financial development have been studied extensively; however, the results have been controversial and inconsistent throughout various experimental techniques and examined economies. According to specific investigations, financial development helps to minimize pollution by allowing businesses to employ more robust techniques that promote ecoinnovative and energy-efficient production (Zeeshan et al 2021;Xuezhou et al 2022;Li et al 2022;Le and Hoang 2022;Khan et al 2021bKhan et al , 2022aGodil et al 2021;Hsu et al 2021;Kong 2021;Zhuo and Qamruzzaman 2022). Countries using these ecoinnovative strategies can shift their industrial structure to ecofriendly production processes, helping to enhance the sustainability of the environment.…”

Section: Review Of Previous Literaturementioning

confidence: 99%

“…As a result, the multiplicative interaction factor in Eq. ( 4) should be statistically significant, indicating that financial development plays a moderating function in the economic growth-pollution association (Le and Hoang 2022;Jahanger 2022).…”

Section: Functional Formmentioning

confidence: 99%

See 2 more Smart Citations

Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach

Udeagha

Breitenbach

2023

Financ Innov

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The extant literature has produced mixed evidence on the relationship between financial development and ecological sustainability. This work addresses this conundrum by investigating financial development’s direct and indirect consequences on ecological quality utilizing the environmental Kuznets curve (EKC) methodological approach. Our empirical analysis is based on the novel dynamic autoregressive distributed lag simulations approach for South Africa between 1960 and 2020. The results, which used five distinct financial development measures, demonstrate that financial development boosts ecological integrity and environmental sustainability over the long and short terms. In the instance of South Africa, we additionally confirm the validity of the EKC theory. More importantly, the outcomes of the indirect channels demonstrate that financial development increases energy usage’s role in causing pollution while attenuating the detrimental impacts of economic growth, trade openness, and foreign direct investment on ecological quality. Moreover, the presence of an inadequate financial system is a requirement for the basis of the pollution haven hypothesis (PHH), which we examine using trade openness and foreign direct investment variables. PHH for both of these variables disappears when financial development crosses specified thresholds. Finally, industrial value addition destroys ecological quality while technological innovation enhances it. This research provides some crucial policy recommendations and fresh perspectives for South Africa as it develops national initiatives to support ecological sustainability and reach its net zero emissions goal.

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Section: Review Of Previous Literaturementioning

confidence: 58%

Section: Review Of Previous Literaturementioning

confidence: 99%

See 1 more Smart Citation

Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach

Udeagha

Breitenbach

2023

Financ Innov

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show abstract

“…In general, these included variables are cross-sectionally dependent, and some variables are not stationary, but their first-level difference becomes stationary. Based on these properties of our database, we follow Beck and Katz (1995), Ha et al 2021a;Ha 2022b, Ha andThanh (2022), and Le and Hoang (2021) to employ the PCSE model for our sample. All explanatory variables are lagged by one period, as represented in Eq.…”

Section: Control Variablesmentioning

confidence: 99%

Socioeconomic and resource efficiency impacts of digital public services

2022

Environ Sci Pollut Res

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This paper measures the socioeconomic and resource-efficient influences of digital transformation in the public sector in the European region. To capture the socioeconomic impacts of digital public services, we employ a socioeconomic score index calculated as the unweighted average of the re-scaled scores for changes in employment, exports, and turnover from ecoindustries. Regarding resource-efficient impacts, we employ the resource efficiency score index measured as the unweighted average of the re-scaled scores for material, energy productivity, and the intensity of greenhouse gas (GHG) emissions. Measures such as user-centricity, business mobility, and key enablers are used to demonstrate the level of digitalization in the public sector. According to our estimations based on various econometric techniques, digital public services have a favorable effect on the economy and society through a positive impact on employment, exports, and turnover of eco-industries. The effects of digitalization on resource productivity follow a nonlinear U-shaped curve, suggesting that the improvement of resource efficiency is only present when the digital transformation process reaches a certain level.

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“…Environmental concern has become a mechanism for linking companies to communities (Larch et al, 2022). Environmental CSR can and most likely will become a significant criterion making decisions on the inclusion of companies in newly-emerging international value chains (Le and Hoang, 2022). In the coming years, environmental ECO may transform from a voluntary environmental initiative of business to a new form of competition (environmental competition) and even a new (environmental) market barrier to international expansion (Hagen and Schneider, 2021).…”

Section: Factor Analysis Of Environmental Csr On the Example Of The U...mentioning

confidence: 99%

Environmental CSR From the Standpoint of Stakeholder Theory: Rethinking in the Era of Artificial Intelligence

Yankovskaya

Gerasimova²,

Osipov³

et al. 2022

Front. Environ. Sci.

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Economic Sanctions and Environmental Performance: The Moderating Roles of Financial Market Development and Institutional Quality

Cited by 33 publications

References 74 publications

Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach

Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach

Socioeconomic and resource efficiency impacts of digital public services

Environmental CSR From the Standpoint of Stakeholder Theory: Rethinking in the Era of Artificial Intelligence

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