Does governance impact on the financial development-carbon dioxide emissions nexus in G20 countries.

ABSTRACT: In the past 40 years, the continuous strengthening of the greenhouse effect has led to a significant increase in the global average temperature. Although people's understanding of climate change has been strengthened, the world has not yet witnessed a significant decline in pollutant emissions; hence it is imperative to get to the root cause. This paper is based on the STIRPAT model framework and uses the panel data of G20 countries over the period 1999-2019 to examine the role of financial development on carbon emissions under good governance. The results show that financial development significantly promotes carbon dioxide emissions, and the impact presents an inverted "U"-shaped trend when the quadratic term of financial development is introduced. Surprisingly, governance quality indica

SUBMITTER: Wen Y 

PROVIDER: S-EPMC9394852 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature