The role of financial deepening and green technology on carbon emissions: Evidence from major OECD economies

By S. Paramati, Di Mo, Ruixian Huang. Finance Research Letters, 2020

291 citations recorded by the source corpus.

Abstract This paper investigates the role of financial deepening, green technology, foreign direct investment (FDI), per capita income and trade openness on carbon emissions in a panel of 25 OECD economies. The paper uses robust panel econometric techniques and yearly data, 1991–2016. The empirical evidences from augmented mean group and group-mean estimators reveal that green technology, FDI inflows and trade openness reduce carbon emissions, while financial deepening and per capita income positively contribute. Overall, it implies that green technology, along with FDI and trade, is the major factor that helps to reduce the carbon emissions in the OECD economies.

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

View Paper: https://www.semanticscholar.org/paper/dc8f606b98184e14a37ea41530e2f2eeb92e1714

How researchers see this paper

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In Economics and Econometrics

1. Umer Shahzad
2. Buhari Doğan
3. S. Paramati

In Renewable Energy, Sustainability and the Environment

1. Umer Shahzad
2. S. Paramati
3. Buhari Doğan

Citations in the corpus

• The role of environmental technology for energy demand and energy efficiency: Evidence from OECD countries (2022, background): “The carbon mitigation and achieving greener growth is the focal point of recent research (Rafique et al., 2021; Shahzad et al. 2021a; Paramati et al., 2021).”