Department of Business Administration, College of Business and Economics, Qassim University, P.O.Box: 6640, Buraidah, Oassim, 51452, Saudi Arabia.
Department of Finance and Economics, College of Business and Economics, Qassim University, P.O.Box: 6640, Buraidah, 51452, Saudi Arabia.
Environ Sci Pollut Res Int. 2021 Sep;28(34):47503-47516. doi: 10.1007/s11356-021-14014-1. Epub 2021 Apr 24.
This inquiry contributes to the previous literature by analyzing the empirical linkage between the development of the financial sector and carbon emissions in the presence of good governance. Specifically, we examine the ability of good governance in moderating the negative effect of financial development on environmental quality in Saudi Arabia over the period 1996-2016. Different indicators of financial development and governance quality are included in the analysis. Using the Dynamic Ordinary Least Squares (DOLS) estimator, we find (i) the exostence of unconditional effects of the three indicators of financial sector development on increasing carbon emissions in most models; (ii) the indicators of governance quality increase carbon emissions in most models; (iii) the net effects on CO emissions are negative from the complementarity between the indicators of financial sector development and political and institutional governance, meaning that the development of financial sector reduces carbon emissions if it is accompanied by good institutional and political governance.
本研究通过分析在良好治理环境下金融部门发展与碳排放之间的实证关系，为先前的文献做出了贡献。具体而言，我们考察了在 1996 年至 2016 年期间，良好治理在多大程度上能够缓解金融发展对沙特阿拉伯环境质量的负面影响。分析中包含了金融发展和治理质量的不同指标。使用动态普通最小二乘法（DOLS）估计量，我们发现：（i）在大多数模型中，金融部门发展的三个指标对增加碳排放存在无条件影响；（ii）治理质量指标在大多数模型中增加了碳排放；（iii）来自金融部门发展指标与政治和制度治理之间互补性的 CO 排放净效应为负，这意味着如果金融部门的发展伴随着良好的制度和政治治理，那么它将减少碳排放。
