Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework

This study examines the dynamic and causal relationship between green investment (G.I.), clean energy (C.E.), economic growth, and environmental sustainability with the help of an innovative approach named as quantile autoregressive distributed lagged (Q.A.R.D.L.) model using quarterly data from Q1-...

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Autores principales: Yunpeng Sun, Haoning Li, Kun Zhang, Hafiz Waqas Kamran
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Lenguaje:EN
Publicado: Taylor & Francis Group 2021
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Acceso en línea:https://doaj.org/article/b0b1607eac57465893b4cc33e748e8d8
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spelling oai:doaj.org-article:b0b1607eac57465893b4cc33e748e8d82021-12-01T14:40:58ZDynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework1331-677X1848-966410.1080/1331677X.2021.1997627https://doaj.org/article/b0b1607eac57465893b4cc33e748e8d82021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.1997627https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664This study examines the dynamic and causal relationship between green investment (G.I.), clean energy (C.E.), economic growth, and environmental sustainability with the help of an innovative approach named as quantile autoregressive distributed lagged (Q.A.R.D.L.) model using quarterly data from Q1-1995 to Q4-2019 for China. Our preliminary findings confirm data non-normality and structural breaks in all data series. Therefore, we have applied Q.A.R.D.L. that efficiently deals with these issues. We have further applied the Granger-causality in quantiles to check the causal association among the variables of interest. The findings through Q.A.R.D.L. estimation confirm that the error correction parameter is statistically significant with expected negative sign across major quantiles. In the long run, the results confirm that both C.E., and G.I. are significant mitigants of environmental pollution, however their emissions mitigating effects varies across lower, middle, and higher emissions quantiles. Furthermore, the findings through Granger-causality test confirm the existence of two-way causality between G.I., C.E., and carbon emissions across all quantiles. These results offer valuable policy implications.Yunpeng SunHaoning LiKun ZhangHafiz Waqas KamranTaylor & Francis Grouparticlegreen investment (g.i.)clean energy (c.e.)carbon emissionquantile autoregressive distributed lagged (q.a.r.d.l.)chinaEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-20 (2021)
institution DOAJ
collection DOAJ
language EN
topic green investment (g.i.)
clean energy (c.e.)
carbon emission
quantile autoregressive distributed lagged (q.a.r.d.l.)
china
Economic growth, development, planning
HD72-88
Regional economics. Space in economics
HT388
spellingShingle green investment (g.i.)
clean energy (c.e.)
carbon emission
quantile autoregressive distributed lagged (q.a.r.d.l.)
china
Economic growth, development, planning
HD72-88
Regional economics. Space in economics
HT388
Yunpeng Sun
Haoning Li
Kun Zhang
Hafiz Waqas Kamran
Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
description This study examines the dynamic and causal relationship between green investment (G.I.), clean energy (C.E.), economic growth, and environmental sustainability with the help of an innovative approach named as quantile autoregressive distributed lagged (Q.A.R.D.L.) model using quarterly data from Q1-1995 to Q4-2019 for China. Our preliminary findings confirm data non-normality and structural breaks in all data series. Therefore, we have applied Q.A.R.D.L. that efficiently deals with these issues. We have further applied the Granger-causality in quantiles to check the causal association among the variables of interest. The findings through Q.A.R.D.L. estimation confirm that the error correction parameter is statistically significant with expected negative sign across major quantiles. In the long run, the results confirm that both C.E., and G.I. are significant mitigants of environmental pollution, however their emissions mitigating effects varies across lower, middle, and higher emissions quantiles. Furthermore, the findings through Granger-causality test confirm the existence of two-way causality between G.I., C.E., and carbon emissions across all quantiles. These results offer valuable policy implications.
format article
author Yunpeng Sun
Haoning Li
Kun Zhang
Hafiz Waqas Kamran
author_facet Yunpeng Sun
Haoning Li
Kun Zhang
Hafiz Waqas Kamran
author_sort Yunpeng Sun
title Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
title_short Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
title_full Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
title_fullStr Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
title_full_unstemmed Dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile A.R.D.L. framework
title_sort dynamic and casual association between green investment, clean energy and environmental sustainability using advance quantile a.r.d.l. framework
publisher Taylor & Francis Group
publishDate 2021
url https://doaj.org/article/b0b1607eac57465893b4cc33e748e8d8
work_keys_str_mv AT yunpengsun dynamicandcasualassociationbetweengreeninvestmentcleanenergyandenvironmentalsustainabilityusingadvancequantileardlframework
AT haoningli dynamicandcasualassociationbetweengreeninvestmentcleanenergyandenvironmentalsustainabilityusingadvancequantileardlframework
AT kunzhang dynamicandcasualassociationbetweengreeninvestmentcleanenergyandenvironmentalsustainabilityusingadvancequantileardlframework
AT hafizwaqaskamran dynamicandcasualassociationbetweengreeninvestmentcleanenergyandenvironmentalsustainabilityusingadvancequantileardlframework
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