The Impact of Technological Innovation and Financialization on the Environmental Degradation
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Date
2022-05-20
Authors
Asima Munir
Journal Title
Journal ISSN
Volume Title
Publisher
UMT.Lahore
Abstract
This study took place to know the effect of Financialization and Technological innovation
on the Environmental Degradation indicator like carbon emission (CO2), on the income and
regional basis classified countries, the panel data is collected from the World Bank Database,
International Monetary Fund OECD Patent Statistics & Our World in Data form websites over
the period 1990 to 2020. Carbon emission is used as the dependent variable while Renewable
energy consumption, Non-renewable energy consumption, Urbanization and Trade liberalization
are taken as the control variables. For the data analysis, pooled mean group technique are used
because the data has the cross sectional dependence according to the CD Test and Westerlund
(2005) test shows the variables are co-integrated in all the panels.