THE IMPACT OF FINANCIAL DEVELOPMENT ON THE ENVIRONMENT: EVIDENCE FROM CHINA
- 10.2991/asshm-13.2013.4How to use a DOI?
- economic growth; financial development; environmental qualit
With well-developed financial, it has become a hot topic whether financial development affect the quality of the environment, but the relevant literature is limited. In this paper, empirical approach is taken studying the relationship between financial development and environment quality, mainly using ADF, cointegration and Granger causality test. The model is established between carbon dioxide emissions and financial development based on the environmental Kuznets curve. The results reveal that the financial development is the Granger cause of CO2 emissions and suggest that financial development in China has not taken place at the expense of environmental pollution. On the contrary, it is found that financial development will lead to a decrease in environmental pollution if financial development is at a high level. It is concluded that carbon emissions are mainly determined by income.
- © 2013, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Dong Sun PY - 2013/12 DA - 2013/12 TI - THE IMPACT OF FINANCIAL DEVELOPMENT ON THE ENVIRONMENT: EVIDENCE FROM CHINA BT - Proceedings of the 2013 International Conference on Advances in Social Science, Humanities, and Management PB - Atlantis Press SP - 17 EP - 20 SN - 1951-6851 UR - https://doi.org/10.2991/asshm-13.2013.4 DO - 10.2991/asshm-13.2013.4 ID - Sun2013/12 ER -