协整
清洁能源
经济
投资(军事)
清洁技术
样品(材料)
货币政策
货币经济学
政府(语言学)
宏观经济学
国际经济学
自然资源经济学
计量经济学
政治学
化学
哲学
法学
政治
色谱法
语言学
作者
Dan Zhang,Yunpeng Wang,Xinyu Peng
标识
DOI:10.1080/1540496x.2022.2099270
摘要
Under the premise of the detrimental effects of carbon emission on the global climate, the role of governments in promoting clean energy investment has become more important, and monetary policy as one government tool has drawn greater attention among the public. Our research successfully develops a new model that links clean energy investments with monetary policies and carbon emissions in 9 Asian economies spanning the period from 1996 to 2018. First, from the results of cointegration tests, we find a long-term relationship among the variables. Second, using FMOLS estimators, our paper reveals that expansionary monetary policy promotes clean energy investment and that its effect is stronger in developing countries. Third, we find a positive relationship between CO2 emissions and clean energy investment in the full sample but the relationship becomes negative in developing countries. Accordingly, the paper offers suggestions on possible policy initiatives to improve clean energy investment.
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