School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China.
School of Economics and Management, Xi'dian University, Xi'an, China.
Environ Sci Pollut Res Int. 2019 Feb;26(6):6199-6208. doi: 10.1007/s11356-018-3992-9. Epub 2019 Jan 7.
This work aims to contribute to the existing literature by investigating at the impact of financial development on ecological footprint. To achieve this goal, we have employed Driscoll-Kraay panel regression model for a panel of 59 Belt and Road countries in the period from 1990 to 2016. The findings suggest that financial development increases ecological footprint. Moreover, economic growth, energy consumption, foreign direct investment (FDI), and urbanization pollute the environment by increasing ecological footprint. In addition, several diagnostic tests have been applied to confirm the reliability and validity of the results. From the outcome of the study, various policy implications have been proposed for Belt and Road countries to minimize the ecological footprint.
这项工作旨在通过研究金融发展对生态足迹的影响，为现有文献做出贡献。为了实现这一目标，我们使用了 1990 年至 2016 年期间 59 个“一带一路”国家的面板数据，采用了 Driscoll-Kraay 面板回归模型。研究结果表明，金融发展会增加生态足迹。此外，经济增长、能源消耗、外国直接投资（FDI）和城市化通过增加生态足迹对环境造成污染。此外，还进行了多项诊断测试，以确认结果的可靠性和有效性。根据研究结果，为“一带一路”国家提出了各种政策建议，以最小化生态足迹。
