Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

被引：164
|
作者：
Kutan, Ali M. [1 ]
Paramati, Sudharshan Reddy [2 ,3 ]
Ummalla, Mallesh [4 ]
Zakari, Abdulrasheed [5 ]
机构：
[1] Southern Illinois Univ, Dept Econ & Finance, Edwardsville, IL 62026 USA
[2] Jiangxi Univ Finance & Econ, Int Inst Financial Studies, Nanchang, Jiangxi, Peoples R China
[3] Univ Dundee, Sch Business, Dundee, Scotland
[4] Univ Hyderabad, Sch Econ, Hyderabad, Telangana, India
[5] Usmanu Danfodiyo Univ, Dept Econ, Sokoto, Nigeria
来源：
EMERGING MARKETS FINANCE AND TRADE | 2018年 / 54卷 / 08期
关键词：
CO2; emissions; FDI inflows; renewable energy; stock market development; sustainable economic development; FOREIGN DIRECT-INVESTMENT; OIL PRICES EVIDENCE; UNIT-ROOT TESTS; CO2; EMISSIONS; NONRENEWABLE ENERGY; GROWTH NEXUS; PANEL-DATA; ELECTRICITY CONSUMPTION; CAUSAL DYNAMICS; OECD COUNTRIES;
D O I：
10.1080/1540496X.2017.1363036
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Furthermore, study investigates the effect of renewable energy consumption on CO2 emissions and economic output across a panel of Brazil, China, India, and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The results also reveal that renewable energy consumption helps to mitigate the growth of CO2 emissions and promotes economic development.
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页码：1762 / 1778
页数：17
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