The role of financial development indicators in sustainable development-environmental degradation nexus

被引：17
|
作者：
Li, Xiaolong [1 ]
Yu, Zhiyuan [2 ,3 ]
Salman, Asma [4 ]
Ali, Qaisar [5 ]
Hafeez, Muhammad [6 ]
Aslam, Muhammad Shoaib [7 ]
机构：
[1] Beijing Univ Posts & Telecommun, Sch Modern Post, 10 Xitucheng Haidian Dist, Beijing 100876, Peoples R China
[2] Beijing Univ Posts & Telecommun, Sch Econ & Management, 10 Xitucheng Haidian Dist, Beijing 100876, Peoples R China
[3] Taiyuan Inst Technol, Dept Econ & Management, Taiyuan 030008, Peoples R China
[4] Amer Univ Emirates, Dubai, U Arab Emirates
[5] Univ Islam Sultan Sharif Ali, Fac Islamic Econ, Bandar Seri Begawan, Brunei
[6] Univ Sialkot, Fac Management & Adm Sci, Sialkot, Punjab, India
[7] Beijing Forestry Univ, Sch Econ & Management, Beijing 100083, Peoples R China
来源：
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH | 2021年 / 28卷 / 25期
关键词：
One Belt and Road Initiative; Financial development; Environmental Kuznets curve; Environmental degradation; Sustainable development; Urban sprawl; ONE BELT; EMPIRICAL-EVIDENCE; CARBON EMISSIONS; ECONOMIC-GROWTH; CHINA; NATIONALISM; REGRESSION; ENERGY; WATER;
D O I：
10.1007/s11356-021-13037-y
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
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.
引用
收藏
页码：33707 / 33718
页数：12
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