Greening African economies: Investigating the role of financial development, green investments, and institutional quality

IF 13.1 1区化学 Q1 CHEMISTRY, PHYSICAL ACS Catalysis Pub Date : 2024-04-05 DOI:10.1002/sd.2958

Frank Antwi, Yusheng Kong, M. Donkor

{"title":"Greening African economies: Investigating the role of financial development, green investments, and institutional quality","authors":"Frank Antwi, Yusheng Kong, M. Donkor","doi":"10.1002/sd.2958","DOIUrl":null,"url":null,"abstract":"This study investigates the impact of financial development (FD) and green investments (GIs) on environmental pollution in Eastern and Southern African countries from 1990 to 2020. The research not only investigates the direct impacts of FD and green finance on environmental pollution but also examines the moderating role of institutional quality (IQ) and possible nonlinear effects of FD and green finance. Our analysis from the Panel autoregressive distributed lag (ARDL) long‐run PMG reveals a negative association between FD, green investment, and environmental pollution, indicating that a well‐developed financial sector supports sustainable initiatives, leading to improved environmental outcomes. IQ moderates this relationship, with strong governance enhancing the positive effects of FD and green finance on environmental preservation. Interestingly, the study identifies nonlinear impacts, suggesting that beyond a certain threshold, the contributions of FD and GIs to environmental preservation may diminish. Recognizing these nonlinearities and the role of IQ can inform more targeted policies for maximizing efforts toward environmental conservation in African economies.","PeriodicalId":9,"journal":{"name":"ACS Catalysis ","volume":"26 22","pages":""},"PeriodicalIF":13.1000,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ACS Catalysis ","FirstCategoryId":"93","ListUrlMain":"https://doi.org/10.1002/sd.2958","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, PHYSICAL","Score":null,"Total":0}

引用次数: 0

Abstract

This study investigates the impact of financial development (FD) and green investments (GIs) on environmental pollution in Eastern and Southern African countries from 1990 to 2020. The research not only investigates the direct impacts of FD and green finance on environmental pollution but also examines the moderating role of institutional quality (IQ) and possible nonlinear effects of FD and green finance. Our analysis from the Panel autoregressive distributed lag (ARDL) long‐run PMG reveals a negative association between FD, green investment, and environmental pollution, indicating that a well‐developed financial sector supports sustainable initiatives, leading to improved environmental outcomes. IQ moderates this relationship, with strong governance enhancing the positive effects of FD and green finance on environmental preservation. Interestingly, the study identifies nonlinear impacts, suggesting that beyond a certain threshold, the contributions of FD and GIs to environmental preservation may diminish. Recognizing these nonlinearities and the role of IQ can inform more targeted policies for maximizing efforts toward environmental conservation in African economies.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

绿化非洲经济：调查金融发展、绿色投资和机构质量的作用

本研究调查了 1990 年至 2020 年金融发展（FD）和绿色投资（GIs）对东部和南部非洲国家环境污染的影响。研究不仅探讨了金融发展和绿色金融对环境污染的直接影响，还考察了制度质量（IQ）的调节作用以及金融发展和绿色金融可能产生的非线性影响。我们通过面板自回归分布滞后（ARDL）长期 PMG 分析发现，金融发展、绿色投资和环境污染之间存在负相关关系，这表明发达的金融部门支持可持续举措，从而改善环境结果。智商调节了这种关系，强有力的治理增强了金融发展和绿色金融对环境保护的积极影响。有趣的是，该研究发现了非线性影响，表明超过一定的临界值，金融发展和绿色金融对环境保护的贡献可能会减弱。认识到这些非线性因素和智商的作用，可以为制定更有针对性的政策提供信息，从而最大限度地促进非洲经济体的环境保护工作。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

ACS Catalysis CHEMISTRY, PHYSICAL-

CiteScore

20.80

自引率

6.20%

发文量

1253

审稿时长

1.5 months

期刊介绍： ACS Catalysis is an esteemed journal that publishes original research in the fields of heterogeneous catalysis, molecular catalysis, and biocatalysis. It offers broad coverage across diverse areas such as life sciences, organometallics and synthesis, photochemistry and electrochemistry, drug discovery and synthesis, materials science, environmental protection, polymer discovery and synthesis, and energy and fuels. The scope of the journal is to showcase innovative work in various aspects of catalysis. This includes new reactions and novel synthetic approaches utilizing known catalysts, the discovery or modification of new catalysts, elucidation of catalytic mechanisms through cutting-edge investigations, practical enhancements of existing processes, as well as conceptual advances in the field. Contributions to ACS Catalysis can encompass both experimental and theoretical research focused on catalytic molecules, macromolecules, and materials that exhibit catalytic turnover.