Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter?

dc.authoridhttps://orcid.org/0000-0001-6274-9699en_US
dc.authoridhttps://orcid.org/0000-0002-6521-0901en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorBaloch, Muhammad Awais
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorKhan, Danish
dc.date.accessioned2023-09-20T06:40:27Z
dc.date.available2023-09-20T06:40:27Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractIn the modern era of the wave of globalization, financial development is leading toward a higher rate of economic expansion and promoting energy innovation around the globe. Nevertheless, environmental impact of financial development has preoccupied government officials to circumvent adverse impact on environmental quality. Thus, this paper examines the nexus between financial development, economic growth, energy innovation, and environmental pollution for the period of 1990–2017 for the panel of Organization for Economic Cooperation and Development (OECD) countries. To obtain robust and unbiased results, this study utilizes Pooled Mean Group Autoregressive Distributed Lag (PMG/ARDL) estimator that counters the issue of heterogeneity and cross-sectional dependence. Empirical evidence suggests that financial development promotes energy innovation and improves environmental quality. Globalization also has a long-term relationship with energy innovation and reduces greenhouse gas (GHG) emissions. Moreover, findings validate the environmental Kuznets curve for OECD countries in the significance of financial development, globalization, and energy innovation.en_US
dc.identifier.doi10.1002/bse.2615en_US
dc.identifier.endpage184en_US
dc.identifier.issn0964-4733
dc.identifier.issn1099-0836
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85089179494en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage176en_US
dc.identifier.urihttps://hdl.handle.net/11363/5567
dc.identifier.urihttps://doi.org/
dc.identifier.volume30en_US
dc.identifier.wosWOS:000557683100001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJen_US
dc.relation.ispartofBusiness Strategy and the Environmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectenergy innovationen_US
dc.subjectfinancial developmenten_US
dc.subjectglobalizationen_US
dc.subjectgreenhouse gasesen_US
dc.subjectOECD countriesen_US
dc.titleModeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter?en_US
dc.typeArticleen_US

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