May 20, 2024Cogent Economics & FinanceOpen Access

Accelerating innovation in industrialized countries: how relevant is the interaction between financial development and environmental factors?

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Authors

MIMuazu IbrahimUniversity for Development Studies SASamuel AdamsGhana Institute of Management and Public Administration XVXuan Vinh VoUniversity of Economics Ho Chi Minh City

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Implication

Panel data analysis reveals that financial development promotes innovation in 27 industrialized countries, highlighting its moderating role during environmental degradation.

Key Points

Higher financial development robustly increases innovation across 27 industrialized countries, whereas an expanding ecological footprint significantly lowers it.
System generalized method of moment estimation evaluates panel data from 1991 to 2014, capturing interactions among carbon dioxide emissions and novel technologies.
Supports targeted financial development to mitigate the adverse effect of ecological footprint, thereby accelerating technological innovation in industrial economies.

Cite This Study

Ibrahim et al. (2024) studied this question.

synapsesocial.com/papers/68e694aeb6db64358761ad42 https://doi.org/10.1080/23322039.2024.2347026

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Implication

Panel data analysis reveals that financial development promotes innovation in 27 industrialized countries, highlighting its moderating role during environmental degradation.

Accelerating innovation in industrialized countries: how relevant is the interaction between financial development and environmental factors?

Discussion

Member takes

Implication

Key Points

Cite This Study

Accelerating innovation in industrialized countries: how relevant is the interaction between financial development and environmental factors?

Discussion

Member takes

Implication

Key Points

Cite This Study

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