ArticleEnvironmental science and pollution research international2022
The effect of technological innovation, FDI, and financial development on CO2 emission: evidence from the G8 countries.
Article in Environmental science and pollution research international, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 16 papers.
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Who cites it
16 citing papers in PubMed.
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- Unveiling the power of education, political stability and ICT in shaping technological innovation in BRI nations.Heliyon · 2024Article
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- Sustainable development goals perspective: nexus between Christians' religious tourism, geopolitical risk, and COEnvironmental science and pollution research international · 2023Article
- The role of quality institutions and technological innovations in environmental sustainability: Panel data analysis of BRI countries.PloS one · 2023Article
- Differentiation Analysis on Carbon Emission Efficiency and Its Factors at Different Industrialization Stages: Evidence from Mainland China.International journal of environmental research and public health · 2022Article
- Financial Institutional and Market Deepening, and Environmental Quality Nexus: A Case Study in G-11 Economies Using CS-ARDL.International journal of environmental research and public health · 2022Article
- Exploring the moderating effect of globalization, financial development and environmental degradation nexus: a roadmap to sustainable development.Environment, development and sustainability · 2022Article
- Impact of Environmental Quality on Health Outcomes in Saudi Arabia: Does Research and Development Matter?Journal of the knowledge economy · 2022Article
- Exploring the existence of environmental Phillips curve in South Asian countries.Environmental science and pollution research international · 2022Article
- Pathways to Argentina's 2050 carbon-neutrality agenda: the roles of renewable energy transition and trade globalization.Environmental science and pollution research international · 2022Article
- Evaluating the Influences of Natural Resources and Ageing People on COInternational journal of environmental research and public health · 2022Article
- Revisiting the environmental impact of financial development on economic growth and carbon emissions: evidence from South Asian economies.Clean technologies and environmental policy · 2022Article
Corrections and comments
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Authors and funding
4 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
The nexus of foreign direct investment and economic growth has been extensively investigated by the researchers of environmental economics; however, few studies have been conducted to find the impact of financial development and technological innovation in the backdrop of the environment. In the G8 countries (UK, USA, Canada, Germany, France, Italy Russia, Japan), the rapid increase in urbanization resulting from their speedy economic growth has brought about a huge increase in energy consumption that is in turn responsible for contemporary environmental degradation. This research intends to find the impact of technological innovation, financial development, foreign direct investment, energy use, and urbanization on carbon emission in G8 member countries, based on data from 1990 to 2019. The findings present strong cross-sectional dependence within the panel countries. According to the FMLOS estimator, a statistically significant long-run and negative association with CO2 has been found between foreign direct investment, financial development, and technological innovation in G8 countries. A long-run bidirectional causality has been found among economic growth, financial development, urbanization, trade openness, CO2 emission, and energy use; antithetically there is unidirectional causality between carbon emission and foreign direct investment. A quality foreign direct investment is the present demand for the development of industries, technological innovation, and financial development for G8 countries. Furthermore, urbanization plays a major role in environmental degradation, and more improved policies are needed for these countries.
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