How Does Energy Insecurity Hurt Green Growth? The Role of Financial Stability

Shi Yong Zheng, Jiaying Li, Wen Lu, Muhammad Hafeez and Razaz Waheeb Attar

Politická ekonomie, vol. preprint

Abstract: Climate change is one of the most disturbing issues for people all around the globe. Green growth has become the most viable solution for achieving economic goals without damaging environmental quality. Consequently, our main interest in this analysis is to examine how energy security risk and financial stability affect green growth in top carbon emitter economies. The CS-ARDL model is our selected estimation technique for examining the relationship between energy security risk, financial stability, and green growth. The long-run estimates reveal that higher energy security risk lowers green growth. In contrast, financial stability, technology, and human capital lead to a rise in green growth in the long run. The short-run estimates reveal the negative connection between energy security risk and green growth, while technology boosts green growth. These findings suggest policymakers should lower energy security risks and enhance financial stability to achieve green growth in top carbon emitter economies.

Keywords: Energy insecurity; green growth; financial stability; CS-ARDL (search for similar items in EconPapers)
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DOI: 10.18267/j.polek.1512

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