Financial globalization and environmental degradation nexus: Evidence from emerging economies

Zubeyde Ulucak (), Salih Çağrı İlkay, Burcu Özcan and Ayfer Gedikli

Resources Policy, 2020, vol. 67, issue C

Abstract: This study explores how financial globalization affects environmental degradation in the emerging economies by using ecological footprint as a proxy for environmental degradation. With this aim, panel data models are conducted for the annual data covering the period 1974–2016. Results indicated that there is not an inverted U-shaped relationship between economic growth and environmental degradation. It was also found that financial globalization contributes to the improvement of the environmental quality level of emerging economies.

Keywords: Financial globalization; Ecological footprint; Environmental Kuznets curve; PMG; DOLS (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:67:y:2020:i:c:s0301420720300945

DOI: 10.1016/j.resourpol.2020.101698

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