Does development in financial markets and institutions affect green growth? Empirical evidence from India  

作　　者：Priyanka Bose Bamadev Mahapatra Saswat Kishore Mishra 

机构地区：[1]School of Economics and Commerce,Kalinga Institute of Industrial Technology(KIIT),Deemed University,Bhubaneswar,Odisha 751024,India [2]Department of Basic Science and Humanities,Institute of Management and Information Technology(IMIT),Cuttack,Cuttack,Odisha 753008,India

出　　处：《Clean Energy》2024年第6期50-62,共13页清洁能源(英文)

摘　　要：This study delves into the intricate connection between financial development and green growth in India.The study considers the development in financial institutions and financial markets as a proxy of financial development.By employing an autoregressive distributed lag model for the period 1990–2019,the results reveal a mixed impact of financial development on green growth in India.The study confirms a cointegrating relationship among the interested variables through the autoregressive distributed lag-bound test approach.Further,the results reported that financial institutions have a positive and statistically significant influence on green growth in India both in the short and long terms.However,financial markets have no statistically significant effect on green growth.These findings are important for policymakers,offering valuable insights into India’s intricate interplay between financial development and green growth.These findings suggest the way for targeted policy interventions to achieve green growth and better investment strategies in India’s economic landscape.

关 键 词：financial development green growth financial institutions financial market energy use INDIA 

分 类 号：F41[经济管理—产业经济]