Original scientific paper
https://doi.org/10.1080/1331677X.2022.2029714
Fiscal spending and green economic growth: fresh evidence from high polluted Asian economies
Xuan Huang
Xiaoyong Huang
Meihua Chen
Sidra Sohail
Abstract
Green growth is deliberated as an effective way for attaining
environmental sustainability, but the nexus between fiscal spending and green growth is ignored in highly polluted Asian economies. To fill this gap, this study attempts to investigate the
impact of public sector education and research and development
expenditures on green economic growth for selected Asian
economies for the period 1991–2019. The study employed FMOLS
and DOLS methods to assess the association between public
expenditures on education and research and development sectors
and green economic growth. The study found that education and
research and development expenditures both contribute significantly to enhancing green economic growth in most of the
selected Asian economies. The study proposed some important
policy implications for fostering green economic growth and
environmental sustainability by mitigation of pollution emissions.
Keywords
Fiscal spending; Green growth; Asia
Hrčak ID:
302857
URI
Publication date:
31.3.2023.
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