Does financial development moderate the link between technological innovation and environmental indicators?An advanced panel analysis  

作　　者：Hossein Ali Fakher Zahoor Ahmed 

机构地区：[1]Department of Business Management,Ayandegan Institute of Higher Education,Tonekabon,Iran [2]Department of Business Admistration,Faculty of Economics,Administrative and Social Sciences,Bahçeşehir Cyprus University,Nicosia,Turkey [3]Department of Economic&Data Sciences,New Uzbekistan University,54 Mustaqillik Ave.,Tashkent 100007,Uzbekistan

出　　处：《Financial Innovation》2023年第1期2885-2903,共19页金融创新（英文）

基　　金：This research paper did not receive any financial aid from any source.

摘　　要：This study analyzes the role of financial development(FD)on the impact of technologi-cal innovation(TI)on six environmental quality indicators for the 25 economies that are part of the Organization for Economic Cooperation and Development for the period from 2000 to 2019.We use a two-step dynamic generalized method of moments approach to understand this relationship.The results show that FD augments the posi-tive effects of TI on four of the six environmental indicators,namely ecological foot-print,adjusted net savings,pressure on nature,and environmental performance.However,no significant effects on environmental sustainability and environmental vulnerability indices were found.When considering all of the environmental quality indicators,TI appears to enhance environmental quality.We find evidence to support the existence of the environmental Kuznets curve in the context of each environmen-tal indicator and economic growth.Moreover,FD and energy consumption appear to accelerate environmental degradation.Based on these results,FD should be viewed as an important parameter in designing policies for innovation to achieve the goal of net-zero carbon emissions.Highlights.Technological innovation and environmental quality nexus is studied.The moderating role of financial development is analyzed.Six different environmental quality indicators are used for OECD countries.Financial development intensifies the environmental benefits of innovation.•The EKC hypothesis is confirmed for all six environmental indicators.

关 键 词：Technological innovation Financial development Two-step dynamic Sys-GMM estimator Environmental quality indicators Environmental sustainability 

分 类 号：C33[社会学] O31[理学—一般力学与力学基础] O44[理学—力学] Q55[生物学—生物化学] Q56