The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter?
Open accessAbstract
In the modern era of the wave of globalization, financial development is leading toward a higher rate of economic expansion and promoting energy innovation around the globe. Nevertheless, environmental impact of financial development has preoccupied government officials to circumvent adverse impact on environmental quality. Thus, this paper examines the nexus between financial development, economic growth, energy innovation, and environmental pollution for the period of 1990–2017 for the panel of Organization for Economic Cooperation and Development (OECD) countries. To obtain robust and unbiased results, this study utilizes Pooled Mean Group Autoregressive Distributed Lag (PMG/ARDL) estimator that counters the issue of heterogeneity and cross‐sectional dependence. Empirical evidence suggests that financial development promotes energy innovation and improves environmental quality. Globalization also has a long‐term relationship with energy innovation and reduces greenhouse gas (GHG) emissions. Moreover, findings validate the environmental Kuznets curve for OECD countries in the significance of financial development, globalization, and energy innovation.
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Cites
General Diagnostic Tests for Cross Section Dependence in Panels
Pesaran, M. H. (2004) · doi:10.2139/ssrn.572504 · Cited by 8,738
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Westerlund, J. (2007) · Oxford Bulletin of Economics and Statistics · doi:10.1111/j.1468-0084.2007.00477.x · Cited by 6,113
Does globalization affect growth? Evidence from a new index of globalization
Dreher, A. (2006) · Applied Economics · doi:10.1080/00036840500392078 · Cited by 3,178
Financial development and innovation: Cross-country evidence
Hsu, P.-H., Tian, X., & Xu, Y. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.12.002 · Cited by 1,702
Shahbaz, M., Nasir, M. A., & Roubaud, D. (2018) · Energy Economics · doi:10.1016/j.eneco.2018.07.020 · Cited by 1,189
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Danish, Baloch, M. A., Mahmood, N., & Zhang, J. W. (2019) · Science of The Total Environment · doi:10.1016/j.scitotenv.2019.05.028 · Cited by 939
Self-citationBen Jebli, M., Ben Youssef, S., & Ozturk, I. (2016) · Ecological Indicators · doi:10.1016/j.ecolind.2015.08.031 · Cited by 911
Self-citationCO2 emissions and financial development in an emerging economy: An augmented VAR approach
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Cited by
Jiakui, C., Abbas, J., Najam, H., Liu, J., & Abbas, J. (2023) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2022.135131 · Cited by 666
Paramati, S. R., Shahzad, U., & Doğan, B. (2022) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2021.111735 · Cited by 533
Abbas, J., Wang, L., Ben Belgacem, S., Pawar, P. S., Najam, H., & Abbas, J. (2023) · Energy · doi:10.1016/j.energy.2023.126683 · Cited by 347
Bekun, F. V., Gyamfi, B. A., Onifade, S. T., & Agboola, M. O. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.127924 · Cited by 298
Self-citationAzam, W., Khan, I., & Ali, S. A. (2023) · Environmental Science and Pollution Research · doi:10.1007/s11356-022-22334-z · Cited by 279
Metadata
- Authors
- Baloch, M. A., Ozturk, I., Bekun, F. V., & Khan, D.
- Venue
- Business Strategy and the Environment
- Publisher
- Wiley
- Published
- 2020-08-10
- Volume
- 30
- Issue
- 1
- Pages
- 176-184
- ISSN
- 0964-4733 (ISSN-L)
- 1099-0836
- OpenAlex
- W3048881861
- Cited by
- 508
- References
- 47
- FWCI
- 67.51
- Type
- journal article
- Language
- en
- Open access
- green
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- Baloch, M. A., Ozturk, I., Bekun, F. V., & Khan, D. (2021). Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter? Business Strategy and the Environment. https://doi.org/10.1002/bse.2615
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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