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Unveiling the non-linear dynamics: quantile regression of financial development's impact on environmental degradation in BRICS and G7 nations

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dc.contributor.authorGanda, Fortune
dc.contributor.authorRuza Paz-Curbera, Cristina
dc.contributor.orcidhttps://orcid.org/0000-0003-2174-7384
dc.date.accessioned2025-02-21T07:47:24Z
dc.date.available2025-02-21T07:47:24Z
dc.date.issued2025-01-29
dc.descriptionThe registered version of this article, first published in “Discover Sustainability, vol. 6, 2025", is available online at the publisher's website: Springer, https://doi.org/10.1007/s43621-025-00792-y La versión registrada de este artículo, publicado por primera vez en “Discover Sustainability, vol. 6, 2025", está disponible en línea en el sitio web del editor: Springer, https://doi.org/10.1007/s43621-025-00792-y
dc.description.abstractThe growing environmental risks have become a major concern these days. This study examines within the EKC framework the long-term impact of income and financial development on environmental degradation assuming that this relationship is non permanent. The non-linear effect of financial development on CO2 and GHGs has not been analyzed in the literature, and this study applies panel quantile regressions to the group of BRICS and G7 over 1990–2019. It also separately assesses the long term impact of financial institutions versus financial markets development. The results confirm that financial development helps reducing CO2 and GHGs emissions after a threshold within the group of lower emitters (inverted U-shaped pattern). Going further, financial institutions have a positive effect on the environment, but financial markets exert a negative impact. The EKC hypothesis does not find support in this study and there is a U-shaped link between growth and polluting emissions. These empirical findings contribute to a better understanding of the pollution-income-financial development nexus in the long-term and provide insight to the policymakers, regulatory bodies, financial intermediaries and investors aligned with sustainable development goals.en
dc.description.versionversión publicada
dc.identifier.citationGanda, F., Ruza, C. Unveiling the non-linear dynamics: quantile regression of financial development's impact on environmental degradation in BRICS and G7 nations. Discov Sustain 6, 60 (2025). https://doi.org/10.1007/s43621-025-00792-y
dc.identifier.doihttps://doi.org/10.1007/s43621-025-00792-y
dc.identifier.issn2662-9984
dc.identifier.urihttps://hdl.handle.net/20.500.14468/25949
dc.journal.issue60
dc.journal.titleDiscover Sustainability
dc.journal.volume6
dc.language.isoen
dc.publisherSpringer
dc.relation.centerFacultades y escuelas::Facultad de Ciencias Económicas y Empresariales
dc.relation.departmentEconomía Aplicada
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.es
dc.subject53 Ciencias Económicas
dc.subject.keywordscarbon emissionsen
dc.subject.keywordsgreenhouse gas emissionsen
dc.subject.keywordsfinancial markets developmenten
dc.subject.keywordsfinancial institutions developmenten
dc.subject.keywordsenvironmental Kuznets Curveen
dc.subject.keywordstime series analysisen
dc.subject.keywordsquantile regressionsen
dc.titleUnveiling the non-linear dynamics: quantile regression of financial development's impact on environmental degradation in BRICS and G7 nationsen
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
person.familyNameRuza Paz-Curbera
person.givenNameCristina
person.identifier.orcid0000-0003-3532-733X
relation.isAuthorOfPublication95ac2766-384f-48fe-8330-99ae31120652
relation.isAuthorOfPublication.latestForDiscovery95ac2766-384f-48fe-8330-99ae31120652
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