Economic Growth, Financial Development, Trade Openness, and CO2 Emissions in European Countries PDF Download

Author: Abdelkader Derbali
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
We investigate this study to examine the relationship between economic growth, financial development, trade openness and CO2 emissions using the ordinary least squares (OLS) models for a panel data of 40 European countries during the period from 1985 to 2014. To estimate this causality we refer to the Cobb-Douglas production function. The empirical finding indicate that there is evidence of bidirectional causality between economic growth and financial development, economic growth and trade openness, economic growth and CO2 emissions, financial development and trade openness and trade openness and two emissions. From the relationship between economic growth and pollution, we prove the existence of the environmental Kuznets curve. Furthermore, we confirm the feedback hypothesis of the bidirectional causality between trade openness and financial development. Also, we identify the neutrality hypothesis between CO2 emissions and financial development inflows. Finally, we validate the presence of the bidirectional causality between economic growth and financial development and between economic growth and trade openness in case of European countries.

Author: Muhammad Shahbaz
Publisher: Springer
ISBN: 3030060012
Category : Business & Economics
Languages : en
Pages : 441

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Book Description
This book provides readers with cutting-edge techniques that can be applied to energy and environmental economics. Further, it highlights the effects that both globalization and economic growth have on the environment. In addition to offering a broader perspective on the relationship between environmental pollution, energy consumption and economic growth, the book studies the relationship between economic growth and environmental damage by drawing on the theoretical hypothesis of the Environmental Kuznets Curve. The book presents new econometric techniques and innovative approaches to the study of the energy economy. Accordingly, it can be used to help analyse the current state of the energy economy, the environment and globalization, and can serve as a theoretical reference manual for doctoral students and academics seeking new analytical techniques.

Author: Jan Fagerberg
Publisher: Oxford University Press, USA
ISBN: 0198747411
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
Europe is confronted by an intimidating triple challenge: economic stagnation, climate change, and a governance crisis. This book demonstrates how these challenges are inter-related, and discusses how they can be dealt with more effectively in order to arrive at a more economically secure, environmentally sustainable and well governed Europe.

Author: Muhammad Shahbaz
Publisher: Springer Nature
ISBN: 3030790037
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Author: Stijn Claessens
Publisher: World Bank Publications
ISBN: 0821368656
Category : Social Science
Languages : en
Pages : 128

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Book Description
This study investigates the relationship between financial sector development and progress in reaching the Millennium Development Goals (MDGs). It assesses the contribution of countries' financial sector development to achieving the MDGs. The focus is on the relationships between financial development and economic welfare and growth, and the following four MDG-themes: Poverty, Education, Health, and Gender Equality. In doing so, the book reviews the theoretical channels, surveys existing empirical evidence - both cross-country and case study evidence, and provides new evidence. Financial Sector Development and the Millennium Development Goals finds that financial development is an important driver for economic welfare in that it reduces the prevalence of income poverty and undernourishment. In addition, new evidence is provided of a positive association between financial development and health, education, and gender equality.

Author: Linyun Zhang
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
This study seeks to evaluate the effect of green financial development, improving energy efficiency and economic growth on Covid-19 tenure. For this, the CPEC area is recommended to look into. Present study revealed the energy economic negative repercussions of Covid-19 impacts. It is assumed that, in China and Pakistan, economic expansion, trade openness, financial development, and urbanization coexist. To verify the postulated impacts of economic activity on the environment, we do Johansen cointegration, error correction, and Granger causality tests. We discovered that economic growth, energy consumption, trade openness, financial development, and urbanization had a long-term relationship to CO2 emissions in Pakistan. Urbanization is the only macroeconomic factor with a detrimental effect on carbon emissions. As with China, no cointegration is found across variables, but unidirectional causality from energy consumption and economic growth to economic growth is established. Economic growth, energy consumption, and trade openness also each have bidirectional causal effect on financial development. According to statistical data, along with significant projected economic development in CPEC countries, policymakers and regulators are urged to strengthen environmental protection laws in China and Pakistan.

Author: Ángel Ortiz Bas
Publisher: Springer Science & Business Media
ISBN: 3642143407
Category : Computers
Languages : en
Pages : 317

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Book Description
Manufacturing and operations management paradigms are evolving toward more open and resilient spaces where innovation is driven not only by ever-changing customer needs but also by agile and fast-reacting networked structures. Flexibility, adaptability and responsiveness are properties that the next generation of systems must have in order to successfully support such new emerging trends. Customers are being attracted to be involved in Co-innovation Networks, as - proved responsiveness and agility is expected from industry ecosystems. Renewed production systems needs to be modeled, engineered and deployed in order to achieve cost-effective solutions. BASYS conferences have been developed and organized as a forum in which to share visions and research findings for innovative sustainable and knowledge-based products-services and manufacturing models. Thus, the focus of BASYS is to discuss how human actors, emergent technologies and even organizations are integrated in order to redefine the way in which the val- creation process must be conceived and realized. BASYS 2010, which was held in Valencia, Spain, proposed new approaches in automation where synergies between people, systems and organizations need to be fully exploited in order to create high added-value products and services. This book contains the selection of the papers which were accepted for presentation at the BASYS 2010 conference, covering consolidated and emerging topics of the conference scope.

Author: Kym Anderson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
This work arose out of papers prepared as background material for the special topic - trade and the environment - in the GATT Secretariat's annual report. Coverage includes the economics of environmental policies and the political economy of the interaction between environmental and trade policies.

Author: Commission on Growth and Development
Publisher: World Bank Publications
ISBN: 0821374923
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.

Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814953
Category : Business & Economics
Languages : en
Pages : 511

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Book Description
Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.