Economic growth, renewable energy and financial development in the CPTPP countries.

ABSTRACT: The trade agreement is generally considered an effective mechanism to encourage trading activities. However, trade activities may lead to environmental degradation because more trade is generally associated with more energy consumption. In addition, financial development with an increased flow of capital among members is required to fund trading activities. Renewable energy can be a moderating factor to balance the effects of trade activities and financial development on the economy and the environment. This paper focuses on the inter-relationship between growth-energy-finance nexus for the CPTPP members in the 1971-2020 period. While the energy-growth-environment nexus has been extensively investigated, the energy-growth-finance relationship has been largely ignored in existing literature

SUBMITTER: Vo DH 

PROVIDER: S-EPMC9202881 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature