Mahmoud Hassan , Ji-Yong Lee , Luc Rouge , Marc Kouzez
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引用次数: 0
Abstract
This article investigates the impact of green public finance and green taxes on total, environmental, and non-environmental innovation in developed economies from 1994 to 2019. The findings reveal that in the short run, these variables do not significantly influence any of the three types of innovation. However, over the long run, green taxes are found to enhance both environmental and non-environmental innovation, whereas green public finance only promotes environmental innovation. Additionally, the Granger non-causality test indicates that past values of green taxes can predict future values across all three categories of innovation. The policy implications of this research are significant: increasing allocations toward green public finance and implementing green taxes can accelerate the development of various technologies, thereby contributing to the achievement of carbon neutrality in developed economies. Nonetheless, policymakers should justify the adoption of these measures by focusing on their positive long-term impacts on innovation.
期刊介绍：
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance
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