Empirical Study on the Interdependence Between Environmental Wellbeing, Financial Development and Economic Growth

Mironiuc, Marilena; Huian, Maria Carmen

doi:10.30638/eemj.2017.273

Cited by 3 publications

(4 citation statements)

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“…Second, the efficiency of a stock market is associated with the advancement of technology, reduction of information cost, and profitability of investment . A capable and enduring stock market increases capital accumulation and enhances acquisition (Mironiuc & Huian, 2017). Thus, it spreads financial risk and borrowing costs and excessive transparency between creditors and borrowers, insurance services, expands saving and portfolio options .…”

Section: Financial Institutions May Have Different Effects On Renewab...mentioning

confidence: 99%

Nexus Between Renewable Energy Consumption, Financial Development, and Economic Growth: Evidence from IEA Countries

2022

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The need for energy sources is increasing day by day. However, limited energy resources lead economies to use renewable energy resources. This paper explores the relations between renewable energy consumption, financial development, and economic growth. The study employs ARDL approach to investigate the longterm and short-term cointegration correlations between variables. The current paper focuses on the period 1996-2017 to investigate whether financial development indicators can play a role on renewable energy consumption for twelve IEA countries. According to panel cointegration test results, long-term variables are statistically significant. Also economic growth is observed affecting renewable energy consumption positively in the short term. According to panel causality test results in the short-term there is relation between financial development and renewable energy consumption, and economic growth and renewable energy consumption. Finally, the use of subcomponents of financial development indicator have efficiently captured the different aspects of financial system affecting renewable energy consumption.

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Section: Financial Institutions May Have Different Effects On Renewab...mentioning

confidence: 99%

Nexus Between Renewable Energy Consumption, Financial Development, and Economic Growth: Evidence from IEA Countries

2022

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“…Intellectual capital is indissolubly linked to the application of the principles of the knowledge-based economy, which is the basis for the evolution of bio-economy [25][26][27][28][29][30][31][32][33][34].…”

Section: Literature Review and Developing The Hypothesesmentioning

confidence: 99%

“…According to Agostinho and Ortega [28] nonrenewable energy resources should be replaced by renewable energy as a specific action for the promotion of strong sustainability. To substitute non-renewable energy resources for renewable alternatives needs knowledge, investment in research, innovation and technological performance [32][33][34].…”

Section: Hypothesis 2 (H2)mentioning

confidence: 99%

The Influence of Intellectual Capital on Economic Progress and Sustainability

Chiriac¹,

Ignat²,

Ungureanu³

et al. 2019

Preprint

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Bio-economy is a major area of the strategy that can afford the European Union to achieve growth: (i) smart, through the development of knowledge and innovation; and (ii) sustainable, based on a greener, more efficient economy in resource management. We believe that the progress of bio-economy cannot be achieved without the harnessing of intellectual capital. Our research aimed to emphasize the benefits of the dynamics of the intellectual capital growth on the evolution of the bio-economy. Thus, the information published by Eurostat (European Statistic Institute) during a period spanning seven years (2011-2018) was used to assess the influence exerted by the conduct of the harness of intellectual capital related to sustainability as well as for the reporting of indicators relevant to appreciating an economic progress and sustainability (renewable waste material, share of renewable energy and energy intensity of the economy). The ultimate goal was represented by the generation of a regression model to see what factor influences mostly the progress of the bio-economy at European and Romanian level. Significant dependency relationships were identified. The results remain robust even after the introduction of certain control variables, such as gross domestic product rate, food production, population growth, urbanization growth and inflation. Our paper sets out to contribute to expanding the specialty literature by highlighting the involvement of intellectual capital as a factor in optimizing sustainability growth and, at a methodological level, by using a multiple regression.

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“…A panel study of the EKC hypothesis has been done by Mironiuc and Huian (2017). They study 49 economies of Europe and Central Asia to examine the liaison among economic progress, power assimilation, financial growth, and CO2 emanations.…”

Section: Introductionmentioning

confidence: 99%

Environmental Kuznets Curve: Moderating role of financial development

Mushtaq

Ahmed²

2021

EJEM

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Purpose ─ This study analyzes the moderating role of financial development in the Environmental Kuznets Curve (EKC) hypothesis in 25 countries.Methods ─ This paper uses Lin and Chu unit root test to check the stationary of the variables. The unit root test result leads to the investigation using the panel pooled mean group model.Findings ─ The results of the long-run analysis show that the EKC hypothesis exists, and financial development plays its role in two ways. Firstly, it confirms the EKC hypothesis, and secondly, it improves the coefficients of supporting variables, namely economic growth, energy growth, and manufacturing value-added. The results are robust to changing the proxies of dependent as well as independent variables. The error correction model results show that the sign of the error correction term is negative and significant, implying that all of the models will converge toward their long-run equilibrium.Implications ─ Financial development is a crucial determinant to reduce environmental degradation in these countries. This implies that the governments of these countries should focus on enhancing financial development for the betterment of the environment.Originality ─ The study analyzes the role of the financial sector as a moderating role in the EKC hypothesis both in emerging economies and well-developed economies.

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Empirical Study on the Interdependence Between Environmental Wellbeing, Financial Development and Economic Growth

Cited by 3 publications

References 0 publications

Nexus Between Renewable Energy Consumption, Financial Development, and Economic Growth: Evidence from IEA Countries

Nexus Between Renewable Energy Consumption, Financial Development, and Economic Growth: Evidence from IEA Countries

The Influence of Intellectual Capital on Economic Progress and Sustainability

Environmental Kuznets Curve: Moderating role of financial development

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