School of Economics and Management, China University of Petroleum (East China), Qingdao, 266580, China.
Environ Sci Pollut Res Int. 2022 Oct;29(48):72991-73000. doi: 10.1007/s11356-022-20978-5. Epub 2022 May 26.
Green economic growth is the best alternative strategy for sustainable development. Existing literature investigated the determinants of green economic growth in China and provides mixed results. Thus, our study explores the impact of green environmental technology, financial innovation, and environmental regulations on green economic growth by controlling the impact of renewable energy consumption, trade, and education. The study explores the symmetric and asymmetric associations by employing ARDL and NARDL approaches. The ARDL long-run findings display that green environmental technologies, environmental regulations, and financial innovations positively and significantly contribute to green economic growth. However, the NARDL long-run findings infer that positive shock in green environmental technology, financial innovation, and environmental regulation exerts a significant and positive impact on green growth, while negative shock in green environmental technology, financial innovation, and environmental regulation has an insignificant impact on green growth. Based on the findings, the study delivers important policy implications to promote green economic growth in China.
绿色经济增长是可持续发展的最佳替代策略。现有文献研究了中国绿色经济增长的决定因素,结果喜忧参半。因此,本研究通过控制可再生能源消费、贸易和教育的影响,探讨了绿色环境技术、金融创新和环境法规对绿色经济增长的影响。该研究通过采用 ARDL 和 NARDL 方法探索了对称和非对称关联。ARDL 长期研究结果表明,绿色环境技术、环境法规和金融创新对绿色经济增长有积极且显著的贡献。然而,NARDL 长期研究结果推断,绿色环境技术、金融创新和环境监管的正向冲击对绿色增长有显著且积极的影响,而绿色环境技术、金融创新和环境监管的负向冲击对绿色增长没有显著影响。基于这些发现,本研究提出了重要的政策建议,以促进中国的绿色经济增长。