Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery

Yanqiu Wu (), Yuanjie Pu () and Chih-Hung Pai ()
Additional contact information
Yanqiu Wu: Zhejiang Yuexiu University
Yuanjie Pu: Zhejiang University of Science and Technology
Chih-Hung Pai: Zhejiang Yuexiu Univerisity

Economic Change and Restructuring, 2023, vol. 56, issue 4, No 16, 2527 pages

Abstract: Abstract The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 through employing annual data and the panel co-integration approach. The results confirmed that the degree of green trade openness positively and significantly affects the green recovery. The estimated coefficient of direct foreign investment is negative. The patent coefficient is not statistically significant, and the official exchange rate has a positive effect. Financial development has a positive and significant coefficient. The paper has several policy implications, such as enhancing green FDI (Foreign Direct Investment), supporting green innovation, and promoting green trade liberalism for scholars and policymakers.

Keywords: Trade regionalism; Investment; Green recovery; Central Asia (search for similar items in EconPapers)
JEL-codes: C23 D25 F14 Q41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10644-023-09527-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ecopln:v:56:y:2023:i:4:d:10.1007_s10644-023-09527-3

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2

DOI: 10.1007/s10644-023-09527-3

Access Statistics for this article

Economic Change and Restructuring is currently edited by George Hondroyiannis

More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().