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dc.contributor.authorApergis, Nicholas
dc.contributor.authorAlam, Md. Samsul
dc.contributor.authorParamati, Sudharshan Reddy
dc.contributor.authorFang, Jianchun
dc.date.accessioned2020-09-16T14:03:39Z
dc.date.available2020-09-16T14:03:39Z
dc.date.issued2020-09-14
dc.identifier.citationApergis, N., Alam, Md. Samsul, Paramati, S., R., and Fang, J. (2020). ‘The impacts of R&D investment and stock markets on clean energy uses and CO2 emissions in a panel of OECD economies'. International Journal of Finance and Economics, pp. 1-36.en_US
dc.identifier.issn1076-9307
dc.identifier.doi10.1002/ijfe.2049
dc.identifier.urihttp://hdl.handle.net/10545/625165
dc.description.abstractThe goal of this paper is to examine to what extent R&D investment and stock market development promote clean energy consumption and environmental protection across a panel of 30 OECD economies. Based on the IPAT theoretical approach, study employs robust panel econometric models which account for cross-sectional dependence in the analysis and uses annual data, spanning the period 1996 to 2013. The empirical results illustrate that R&D and stock market have a significant long-run equilibrium relationship with clean energy and CO2 emissions. The long-run elasticities display that R&D and stock market growth have a significant positive impact on clean energy consumption, while they have a negative effect on the growth of CO2 emissions. Given these findings, the paper suggests that the policy makers in the OECD economies should realize that it is worth investing in R&D activities as it is promoting the use of clean energy and ensuring low carbon economies. Therefore, the policymakers have to initiate effective policies to promote R&D activities and also encourage the firms that are listed in the stock market to adopt environmental friendly policies.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.urlhttps://onlinelibrary.wiley.com/doi/epdf/10.1002/ijfe.2049en_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.subjectR&D investmenten_US
dc.subjectstock marketen_US
dc.subjectclean energyen_US
dc.subjecteconometric modelsen_US
dc.titleThe impacts of R&D investment and stock markets on clean energy uses and CO2 emissions in a panel of OECD economiesen_US
dc.typeArticleen_US
dc.identifier.eissn1099-1158
dc.contributor.departmentUniversity of Derbyen_US
dc.contributor.departmentDe Montfort Universityen_US
dc.contributor.departmentUniversity of Dundeeen_US
dc.contributor.departmentZhejiang University of Technologyen_US
dc.identifier.journalInternational Journal of Finance and Economicsen_US
dcterms.dateAccepted2020-06-18
dc.author.detail786373en_US


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