Examining the moderating role of environmental regulations on financial development and ecological footprint in the MENA region

Basit Öğe Kaydı
dc.authoridZhou, Dejun/0009-0001-6292-4976
dc.authoridKongkuah, Maxwell/0000-0003-3486-693X
dc.contributor.authorZhou, Dejun
dc.contributor.authorSaeed, Ummar Faruk
dc.contributor.authorKongkuah, Maxwell
dc.contributor.authorWiredu, Ishmael
dc.date.accessioned2025-01-27T20:31:28Z
dc.date.available2025-01-27T20:31:28Z
dc.date.issued2024
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThis study investigates the moderating impact of environmental regulations (ER) on the relationship between financial development (FD), foreign direct investment (FDI), and ecological footprint (EF) within the frameworks of the Environmental Kuznets Curve and Porter's hypothesis. The problem addressed is the dual challenge of fostering economic growth through FD and FDI while mitigating environmental degradation in the MENA region. The aim is to understand how ER can balance these dynamics. Utilizing panel data from 18 MENA countries spanning 1990-2022, the study employs Dynamic Common Correlated Effects and Pooled Mean Group estimations for the empirical analysis. Our results reveal that all three FD indicators-financial development of the banking sector, financial sector, and private sector-are associated with a reduction in EF. FDI outflows also contribute to lowering the EF, whereas FDI inflows have an adverse effect, increasing EF. A curvilinear relationship is observed among FD, FDI, and EF, indicating that while the initial impact is positive, it diminishes beyond a certain threshold. Importantly, ER is found to positively influence the relationship between FD, FDI, and EF, mitigating negative environmental impacts. GMM modeling was applied in the study to handle issues of endogeneity. The findings highlight the necessity for policymakers to prioritize and enhance ER and policies to achieve Sustainable Development Goals. Strengthening ER can ensure that economic development via FD and FDI does not come at the expense of environmental sustainability.
dc.description.sponsorshipGeneral project of Jiangsu Social Science Fund Research on Legal Protection Mechanism of Ecological Compensation in Main Functional Areas in 2021 [21FXB007]; Major project of philosophy and social science research in Jiangsu university, Study on the Control of Ecological Space Use in Nature Reserves in 2021 [2021SJZDA146]
dc.description.sponsorshipThis study is supported by the general project of Jiangsu Social Science Fund Research on Legal Protection Mechanism of Ecological Compensation in Main Functional Areas in 2021 (project number: 21FXB007); the major project of philosophy and social science research in Jiangsu university, Study on the Control of Ecological Space Use in Nature Reserves in 2021 (project number: 2021SJZDA146).
dc.identifier.doi10.1007/s10668-024-05430-7
dc.identifier.issn1387-585X
dc.identifier.issn1573-2975
dc.identifier.scopus2-s2.0-85204596224
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1007/s10668-024-05430-7
dc.identifier.urihttps://hdl.handle.net/20.500.12428/23163
dc.identifier.wosWOS:001316839500002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer
dc.relation.ispartofEnvironment Development and Sustainability
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectEcological footprint
dc.subjectEnvironmental regulation
dc.subjectFinancial development
dc.subjectForeign direct investment
dc.subjectMENA
dc.titleExamining the moderating role of environmental regulations on financial development and ecological footprint in the MENA region
dc.typeArticle

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu