 Financial development, openness, innovation, carbon emissions, and economic growth in ChinaGuangchen Li and Weixian Wei Energy Economics, 2021, vol. 97, issue C Abstract: Drawing on balanced panel data of 30 Chinese provinces in 1987–2017, this paper examines the impact of carbon emissions on economic growth through the panel smooth transition regression model. Estimation is conducted based on the whole sample as well as the northern region and southern region subsamples. Empirical results reveal that: i) noticeable non-linear relationships do exist among carbon emissions, financial development, openness, innovation, and economic growth; and ii) carbon emissions attenuate the promoting effects of financial development and innovation on economic growth, which is also confirmed by using energy consumption as the transition variable; and iii) subsample estimations further discover that the impact of carbon emissions on economic growth is significantly different between the two regions, with the northern region having a lower carbon emissions threshold but quicker transition speed. Keywords: Economic growth; Carbon emissions; Financial development; Innovation; PSTR model (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:97:y:2021:i:c:s0140988321000992 DOI: 10.1016/j.eneco.2021.105194 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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