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Financial System Development and Environmental Quality: A System-GMM Dynamic Panel Analysis

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Field Value
 
Title Financial System Development and Environmental Quality: A System-GMM Dynamic Panel Analysis
 
Creator Ghardallou, Wafa
Abaalkhail, Layla
 
Subject Carbon emission
Dynamic panel
Financial development
GCC countries
Non-linearity
 
Description 804-810
The connection between financial development and carbon emissions is intricate, considering both theoretical frameworks and empirical evidence. Consequently, this study seeks to reassess the relationship between these variables in Gulf Cooperation Council (GCC) countries from 2010 to 2020, employing a dynamic GMM approach. Findings affirm the presence of a nonlinear relationship between financial development and environmental pollution. They specifically indicate that banking industry and financial markets have a twofold influence on environmental quality, encompassing both detrimental and beneficial outcomes. Results indicate that a more developed financial system decreases pollution emissions in GCC countries. The results hold noteworthy policy implications for GCC countries as they work towards achieving their goals related to the establishment of a low-carbon economy.
 
Date 2024-07-05T10:28:04Z
2024-07-05T10:28:04Z
2024-07
 
Type Article
 
Identifier 0022-4456 (Print); 0975-1084 (Online)
http://nopr.niscpr.res.in/handle/123456789/64208
https://doi.org/10.56042/jsir.v83i7.7776
 
Language en
 
Publisher NIScPR-CSIR,India
 
Source JSIR Vol.83(7) [July 2024]