Financial development and real exchange rate misalignments effects on environmental pollution

Basit Öğe Kaydı
dc.authoridKhan, Ashfak Ahmad/0000-0003-1919-950X
dc.contributor.authorXiao, Lin
dc.contributor.authorAhmad, Muneeb
dc.contributor.authorWaseem, Liaqat Ali
dc.contributor.authorAhmad, Muhammad Munir
dc.contributor.authorKhan, Ashfak Ahmad
dc.date.accessioned2024-09-29T16:08:01Z
dc.date.available2024-09-29T16:08:01Z
dc.date.issued2022
dc.departmentKarabük Üniversitesien_US
dc.description.abstractThe 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.en_US
dc.identifier.doi10.3389/fenvs.2022.984346
dc.identifier.issn2296-665X
dc.identifier.scopus2-s2.0-85142243581en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.3389/fenvs.2022.984346
dc.identifier.urihttps://hdl.handle.net/20.500.14619/7313
dc.identifier.volume10en_US
dc.identifier.wosWOS:000886631000001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherFrontiers Media Saen_US
dc.relation.ispartofFrontiers in Environmental Scienceen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectreal exchange rateen_US
dc.subjecteconomic misalignmenten_US
dc.subjectfinancial growthen_US
dc.subjectLDCs techniqueen_US
dc.subjectasian countriesen_US
dc.titleFinancial development and real exchange rate misalignments effects on environmental pollutionen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu