Scholarlink

<p>This study is crucial in understanding how green energy, human capital, and financial development can drive economic growth and address unique environmental and economic challenges. Despite growing interest in economic growth, there is limited research on how financial institutions and markets moderate the relationship between green energy and economic growth in Mediterranean economies. To fill this gap, we investigate the effect of green energy, financial development, human capital development, and the moderating role of financial institutions and financial markets on economic growth in Mediterranean economies. We employed the advanced Method of Moment Quantile Regression (MMQR) econometric approach to estimate the effect in quantile form for the data spanning from 1990 to 2022. The outcomes show that green energy and financial markets negatively affect economic growth in all quantiles. However, financial and human capital development are prominent factors that boost economic growth. Moreover, financial markets negatively moderate the association, contrary to financial institutions, which positively moderate the association between green energy and economic growth. The outcomes of this research offer sound policy recommendations to Mediterranean economies in line with sustainable development goals. </p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Balancing green and growth: effect of green energy and moderating role of financial institutions and markets on economic growth in Mediterranean economies by advanced MMQR approach

  • 期刊论文

  • 发表日期：

    2025年5月13日

查看全文
  • Mumtaz Ali,
  • Peter Oluwasegun Igunnu,
  • Mehdi Seraj,
  • Turgut Tursoy,
  • Lydia Iradukunda

摘要

This study is crucial in understanding how green energy, human capital, and financial development can drive economic growth and address unique environmental and economic challenges. Despite growing interest in economic growth, there is limited research on how financial institutions and markets moderate the relationship between green energy and economic growth in Mediterranean economies. To fill this gap, we investigate the effect of green energy, financial development, human capital development, and the moderating role of financial institutions and financial markets on economic growth in Mediterranean economies. We employed the advanced Method of Moment Quantile Regression (MMQR) econometric approach to estimate the effect in quantile form for the data spanning from 1990 to 2022. The outcomes show that green energy and financial markets negatively affect economic growth in all quantiles. However, financial and human capital development are prominent factors that boost economic growth. Moreover, financial markets negatively moderate the association, contrary to financial institutions, which positively moderate the association between green energy and economic growth. The outcomes of this research offer sound policy recommendations to Mediterranean economies in line with sustainable development goals.