【Mingli lecture 2022, Issue 26】
Time: May 6, 2022 (Friday) 10:00-12:00 am
Location: Tencent Conference: 254947797
Tencent conference QR code:
Speaker: Professor Zhang Cunbing, Sun Yat-sen University, Taiwan
Speaker Profile:
Chun-Ping Chang is currently the co-editor-in-chief of Emerging Markets Finance and Trade, the editorial board of the Bullutin of Monetary Economics and Banking of the Bank of Indonesia; the editor-in-chief of Asian Economics Letters; the chairman of the Asia-Pacific Society of Applied Economics; the professor of the Institute of China and Asia-Pacific Region, Sun Yat-Sen University, Taiwan, China; Professor of Marketing Management, Shih Tzu University, Taiwan, China; Chair Professor, University of Surabaya (Airlangga), Indonesia.
Introduction to the report:
What are the relationships among environmental performance, green finance, and green innovation in developing countries? Existing literatures support the impact of green finance or green innovation on environmental performance, but rare studies query the cointegration among such three variables. We thus utilize the yearly data of 57 developing countries from 2002 to 2016 to empirically examines the relationships among environmental performance, green finance, and green innovation, via panel covariate-augmented Dickey-Fuller unit root test and the Westerlund and Edgerton (2007) cointegration test. Overall, this study confirms the existence of cointegration relationships among these variables. Moreover, the results of pooled mean group estimation suggest that environmental performance can positively affect the green innovation in the long term in the non-emerging countries and countries with better green innovation or environmental performance. Furthermore, green finance positively affects green innovation in the emerging countries and countries with lower level of green finance, while green finance negatively affects green innovation in the countries with better green innovation or environmental performance. Our empirical findings offer important policy implications for the sample of developing countries to promote green innovation and improve environmental performance.
(Organizer: Department of Applied Economics, Research and Academic Exchange Center)
