Public spending and green economic growth in BRI region: Mediating role of green finance

By Dongyang Zhang, M. Mohsin, A. Rasheed, Youngho Chang, Farhad Taghizadeh‐Hesary. Energy Policy, 2021

706 citations recorded by the source corpus.

Abstract Generally, public spending on education, research, and development (RD however, such notion lacks evidence, particularly in Belt and Road Initiative (BRI) member countries. In this study, panel data of BRI member countries from 2008 to 2018 is analysed using the generalized method of moments (GMM) method and data envelopement analysis (DEA) to assess the relationship between public spending on R&D and green economic growth and energy efficiency. The study found a fluctuating green economic growth indicator during the research period attributed to the non-serious nature of government policies. The findings reveal that the GMM method confirms both composition and technique effects in the entire sample. Nonetheless, the result of the sub-sample showed a heterogeneous effect on high GDP per capita countries. Moreover, the study shows that public spending on human resources and R&D of green energy technologies prompts a sustainable green economy through labour and technology-oriented production activities and different effects in different countries.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/66d8401c7b5d48c1d4c98c7f12daf05504e54229

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In Economics and Econometrics

  1. Gazi Salah Uddin
  2. Ahmet Sensoy
  3. Olivier Kraaijeveld
  4. J. Smedt

In Renewable Energy, Sustainability and the Environment

  1. Gazi Salah Uddin
  2. Ahmet Sensoy

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