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The dynamic impacts of financial development and human capital on CO2 emission intensity in China: an ARDL approach
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| Veröffentlicht in: | Journal of business economics and management 20(2019), 5, Seite 939-957 |
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| Personen und Körperschaften: | , |
| Titel: | The dynamic impacts of financial development and human capital on CO2 emission intensity in China: an ARDL approach/ Peng Li, Yaofu Ouyang |
| Format: | E-Book-Kapitel |
| Sprache: | Englisch |
| veröffentlicht: |
2019
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| Gesamtaufnahme: |
: Journal of business economics and management, 20(2019), 5, Seite 939-957
, volume:20 |
| Schlagwörter: | |
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | This paper studies the dynamic impacts of financial development, human capital, and economic growth on CO2 emission intensity in China for the period 1978-2015, with a structural breakpoint in 1992, by employing an autoregressive distributed lag (ARDL) approach. The estimations show that there exists a long-run cointegration linkage among the variables, with three main findings. First, financial openness measured by net FDI inflows can significantly reduce CO2 emission intensity in both the short-term and the long-term, whereas the effects of both financial scale and financial efficiency are limited and insignificant. Second, there exists an inverted N-shaped relationship between human capital and CO2 emission intensity: improving human capital first decreases CO2 emission intensity (before 1992), then increases it in the short-run (after 1992), and, finally, lessens it in the long-run. Last, raising per capita income can also significantly lower CO2 emission intensity in the long-run. Accordingly, some policy implications are also discussed. |
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| ISSN: |
2029-4433
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| DOI: | 10.3846/jbem.2019.10509 |
| Zugang: | Open Access |