Original scientific paper
https://doi.org/10.1080/1331677X.2022.2154239
Financial development, industrial structure and environmental sustainability: new evidence from Japan
Yanli Pei
Zhendong Wu
Ahmet Cukurovali
Xiao-Guang Yue
Abstract
Considering the significant importance of environmental sustainability,
it is vital to understand the determinants of environmental
sustainability and to draw the policy implications for a sustainable
environment. This paper examines the impacts of financial development
and industrial structure on environmental sustainability in
China from 1995 to 2020 using the A.R.D.L. approach. The result
indicates that financial development negatively impacts CO2 emissions
and greenhouse gas emissions in the long-run. The impact of
industrial structure is also enormous. The results also suggest that
industrial structure negatively impacts environmental sustainability
by decreasing CO2 emissions and greenhouse gas emissions in the
long-run. While Internet development accelerates environmental
sustainability in Japan in the long run, economic development and
energy negatively impact environmental sustainability in the long
run. The findings of this study add to the current literature and provide
some significant policy implications for improving environmental
sustainability.
Keywords
financial development; industrial structure; environmental sustainability; A.R.D.L.; Japan
Hrčak ID:
310042
URI
Publication date:
1.9.2023.
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