Economic Growth, Financial Development, Transportation Capacity, and Environmental Degradation: Empirical Evidence from Vietnam

• 발행기관: 한국유통과학회
• 저자명: Van Chien NGUYEN Duc Binh VU Thi Hoang Yen NGUYEN Cong Do PHAM Tuyet Ngan HUYNH
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 8 No.4, 93~104쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.04.30

영문 초록

In recent years, there has been a substantial theoretical and empirical study on the role that financial market development has significantly played in promoting economic growth and development in the world. The development of an economy requires the financial industry to be developed. In the context of rapid economic development, global warming has become a serious problem with issues such as rising average temperatures, climate change, rising sea level, and increasing carbon dioxide emissions. This study aims to examine the influence of economic growth, financial development, transportation capacity, and environmental degradation. Using time-series data from 1986 to 2019 and environmental degradation being measured by CO2 emissions, the study employs a quantity of ample unit root tests, the structural break unit root tests, Autoregressive Distributed Lag (ARDL), and cointegration bounds test. The results show that there is a significant long-term cointegration among study variables. Empirical findings also indicate that an increase in per capita GDP and financial development worsens environmental quality whereas transportation capacity and foreign investment can improve environmental quality.

목차

1. Introduction

2. Literature Review

3. Data and Methodology

4. Empirical Findings

5. Conclusion

키워드

Economic Growth Finance Transportation Environment Structural Break