The role of financial development indicators in sustainable development-environmental degradation nexus.
Environmental Kuznets curve
Environmental degradation
Financial development
One Belt and Road Initiative
Sustainable development
Urban sprawl
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
01 Mar 2021
01 Mar 2021
Historique:
received:
01
12
2020
accepted:
15
02
2021
entrez:
1
3
2021
pubmed:
2
3
2021
medline:
2
3
2021
Statut:
aheadofprint
Résumé
Sustainable development is significantly contributing the environmental degradation due to improvements in financial sector in One Belt and Road Initiative (BRI) region. Thus, the present research work constructs the sustainable development index for BRI. Afterwards, it unfolds the nexus of sustainable development-environmental degradation and also evaluates the role of financial development indicators in BRI economies. By utilizing the robust mean group, the present study quantifies the long-run marginal impacts of sustainable development, financial development indicators, energy consumption, and urban sprawl on environmental degradation, respectively. The marginal impacts infer an inverted U-shaped sustainable development environmental Kuznets curve in BRI region. The sustainable development, energy consumption, and urban sprawl are enriching the environmental degradation, whereas the financial development indicators have an adverse impact on environmental degradation by induction of interaction of sustainable development-financial development. Therefore, the improvements in financial development indicators will help to achieve the sustainable development. Note: + and _ depict the significant positive and negative impact respectively while illustrates ⇒ causal direction.
Identifiants
pubmed: 33646539
doi: 10.1007/s11356-021-13037-y
pii: 10.1007/s11356-021-13037-y
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
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