Financial development and real exchange rate misalignments effects on environmental pollution
Yazarlar (5)
Lin Xiao Tianjin University, Çin
Muneeb Ahmad Tianjin University, Çin
Liaqat Ali Waseem Gc University Faisalabad, Pakistan
Muhammad Munir Ahmad Allama Iqbal Open University, Pakistan
Doç. Dr. Ashfak Ahmad KHAN Karabük Üniversitesi, Türkiye
Makale Türü Açık Erişim Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Frontiers in Environmental Science (Q2)
Dergi ISSN 2296-665X Dergi Bilgileri (2022)
Dergi Tarandığı Indeksler SCI
Makale Dili İngilizce Basım Tarihi 11-2022
Cilt / Sayı / Sayfa 10 / 1 / 1–15 DOI 10.3389/fenvs.2022.984346
Makale Linki https://www.frontiersin.org/articles/10.3389/fenvs.2022.984346/full
UAK Araştırma Alanları
Ekonomik Coğrafya Bölgesel Coğrafya
Özet
The research examined the influence of the fundamental exchange rate misalignment and Least Developed Countries (LDCs) in Asia and Africa’s financial development on CO2 emissions in Asian countries using panel data from 1970 to 2021. The methodology consists of ARDL bound testing and PMG/ARDL estimators with dynamic OLS estimators. The results reveal that the long-run real exchange rates for least developed countries (LDCs) are expected to rise in CO2 emissions in Asian and African countries with improved trade and net foreign asset positions. The relative productivity and trade openness also increase the exchange rate, which also plays a vital role in the growth of CO2 emissions. Except for Egypt, all least developed countries (LDCs) currencies are overpriced throughout the research period at the same time; it would be harmed by increased openness, foreign direct investment inflows, and currency misalignment. Overvaluation harms Bahrain’s economic growth. In comparison, undervaluation helps Egypt that currency misalignment does not affect financial growth in any LDCs over the long run. In the short-run, more real investment, net foreign assets, and official assistance inflows would enhance financial growth in Qatar, Bahrain, Singapore, and South Korea. In contrast, trade openness would slow it down in Egypt and Kuwait. The study suggested that the poor economic performance is due to RER misalignment, which occurs when exchange rate policies are improper and causes a rise in CO2 emissions in many developing countries.
Anahtar Kelimeler
asian countries | economic misalignment | financial growth | LDCs technique | real exchange rate
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
Scopus 7
Google Scholar 10
Financial development and real exchange rate misalignments effects on environmental pollution

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