The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN
Open accessAbstract
In the context of remarkable economic growth and financial development in the emerging economies of East Asia, this paper attempts to shed light on the ecological consequences (CO2 emission) of economic growth, foreign direct investment and financial development in the selected ASEAN-5 economies. Drawing on the data from 1982 to 2014, we employed a set of quantitative techniques for panel data analysis which entailed Dynamic Ordinary Least Squares (DOLS) and Fully Modified OLS (FMOLS) approaches. Our findings indicate that financial and economic development, as well as FDI, have a statistically significant long-run co-integrating relationship with environmental degradation (CO2 emissions) in the under analysis economies. It showed that in ASEAN-5 countries, economic growth, financial development and FDI leads to an increase in environmental degradation. The quadratic term for economic growth showed a negative impact on environmental degradation i.e. Environmental Kuznets Curve (EKC). Our key findings manifest and emphasise the importance of appropriate policies for more inclusive economic and financial development and sustainable foreign direct investment which does not impede on the environment.
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Cites
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A simple panel unit root test in the presence of cross‐section dependence
Pesaran, M. H. (2007) · Journal of Applied Econometrics · doi:10.1002/jae.951 · Cited by 12,787
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Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors
Pedroni, P. (1999) · Oxford Bulletin of Economics and Statistics · doi:10.1111/1468-0084.61.s1.14 · Cited by 6,726
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Cited by
The nexus between urbanization, renewable energy, trade, and ecological footprint in ASEAN countries
Nathaniel, S., & Khan, S. A. R. (2020) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2020.122709 · Cited by 594
Nguyen, T. T., Pham, T. A. T., & Tram, H. T. X. (2020) · Journal of Environmental Management · doi:10.1016/j.jenvman.2020.110162 · Cited by 494
Tang, C., Irfan, M., Razzaq, A., & Dagar, V. (2022) · Resources Policy · doi:10.1016/j.resourpol.2022.102612 · Cited by 268
Tan, L., Yang, Z., Irfan, M., Ding, C. J., Hu, M., & Hu, J. (2024) · Business Strategy and the Environment · doi:10.1002/bse.3584 · Cited by 268
ICT and environmental sustainability: Any differences in developing countries?
N’dri, L. M., Islam, M., & Kakinaka, M. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.126642 · Cited by 157
Metadata
- Authors
- Nasir, M. A., Duc Huynh, T. L., & Xuan Tram, H. T.
- Venue
- Journal of Environmental Management
- Publisher
- Elsevier BV
- Published
- 2019-07
- Volume
- 242
- Pages
- 131-141
- ISSN
- 0301-4797 (ISSN-L)
- OpenAlex
- W2942223364
- Cited by
- 605
- References
- 5
- FWCI
- 83.85
- Type
- journal article
- Language
- en
- Open access
- green
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- Nasir, M. A., Duc Huynh, T. L., & Xuan Tram, H. T. (2019). Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN. Journal of Environmental Management. https://doi.org/10.1016/j.jenvman.2019.03.112
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