Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2081865
Role of public and private investments for green economic recovery in the post-COVID-19
Xiaoqing Dai
Fangping Rao
Zhen Liu
Muhammad Mohsin
Farhad Taghizadeh-Hesary
Sažetak
This study evaluates the outlook of government expenditure
through public and private financing for the green economic revitalization
after COVID-19 in Canada. The various econometric estimations
are used to measure the impact of government
expenditure on green economic recovery. The implementation of
public investment is explicitly associated with private funding.
The results suggest that the government policy incentives and
non-government financing influence fossil fuel energy sources
proportions on non-government investment, which is additional
than the feed-in tariffs. According to fixed effects results, the distribution
of fossil fuel energy sources is an essential obstacle in
solar energy investment. In contrast, the presence of varied types
of renewable energy encourages non-government climate investment.
Throughout the study period after the breakout of the pandemic
phase, neither fossil fuel energy sources nor economic
policy is marginally efficient. The different macroeconomic programs
in green economic recovery might be ideal for attaining
the needed impact. The critical policy conclusion of the results of
this research is that an influential role of the public and private
investment may be part of an optimal firm innovation plan for
green economic recovery in the post-COVID-19 period.
Ključne riječi
Public finance; private financing; green finance; economic recovery; COVID-19
Hrčak ID:
303779
URI
Datum izdavanja:
31.3.2023.
Posjeta: 749 *