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【明理講堂2022年第26期】5-6臺灣中山大學張存炳教授:Environmental performance, green finance and green innovation: What’s the long-run relationships among variabl

時間:2022年5月6日(星期五)上午10:00-12:00

地點:騰訊會議:254947797

騰訊會議二維碼:

報告人:臺灣中山大學張存炳 教授

主講人簡介:

張存炳(Chun-Ping Chang) 現任Emerging Markets Finance and Trade聯合主編,印度尼西亞央行Bullutin of Monetary Economics and Banking編輯委員會;Asian Economics Letters 主編;亞太應用經濟學會主席;中國臺灣中山大學中國及亞太地區研究所教授;中國臺灣實踐大學營銷管理系教授;印度尼西亞泗水(Airlangga)大學講席教授。

報告內容簡介:

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.

(承辦:應用經濟系、科研與學術交流中心)

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