Land productivity and environmental sustainability for G7 economies: Does an inverted U‐shaped curve exhibit green finance?

Zeeshan Khan; Ramez Abubakr Badeeb; Sher Ali; Yuriy Bilan; Sebastian Majewski

doi:10.1002/ldr.5251

journal article Jan 13, 2025

Land productivity and environmental sustainability for G7 economies: Does an inverted U‐shaped curve exhibit green finance?

Zeeshan Khan

Land Degradation & Development Vol. 36 No. 3 pp. 706-723 · Wiley

View at Publisher Save 10.1002/ldr.5251

Abstract

AbstractLand productivity including both water and agriculture are equally important for sustainable environment. The study investigate the role of water productivity and agriculture land along with the non‐linear effect of green finance on environment. Specifically, this research aims to investigate the effect of agriculture land, water productivity, green finance, environmental taxes and technologies on environmental sustainability in the Group of Seven (G7) countries, covering the timeframe of 1990–2020. The study also scrutinized the effect of green innovation and environmental regulations on the environment. This study uses novel panel data methods that are robust to nonparametric data. The empirical data are confirmed to be nonnormally distributed; therefore, the quantile regression approach is used. The empirical results confirmed an inverted U‐shaped curve for green finance, as its linear term is positive, and its nonlinear term negatively impacts carbon emissions. This supports the idea that green finance is effective for a group of seven economies; however, its magnitude should increase. Moreover, agricultural land, water productivity, environmental regulations, and green innovation negatively impact carbon emissions. By contrast, increasing economic activities, such as gross domestic product, increase carbon emissions. This study recommends increasing the focus on green finance, agricultural land, water productivity, and environmental regulations for the G7 countries to achieve the target of COP 27 and address climate change.

Topics

No keywords indexed for this article. Browse by subject →

References

88

[1]

Modelling for insight: Does financial development improve environmental quality?

Alex O. Acheampong

Energy Economics 10.1016/j.eneco.2019.06.025

[2]

10.1080/13504509.2023.2296492

[3]

10.1080/14786451.2019.1686380

[4]

10.1007/s11356-020-10011-y

[5]

10.1007/s11356-020-07798-1

[6]

10.1007/s11356-019-05737-3

[7]

Buchner B. "Global landscape of climate finance 2015" Climate Policy Initiative (2014)

[8]

A simple approach to quantile regression for panel data

Ivan A. Canay

The Econometrics Journal 10.1111/j.1368-423x.2011.00349.x

[9]

10.1002/gj.4883

[10]

10.1016/j.envres.2024.118900

[11]

Dankeieva O. Solomyanyuk N. Strashynska L. Fiedotova N. Soloviova Y. &Koval V.(2021).Application of Cognitive Modeling for Operation Improvement of Retail Chain Management System. 10.18421/tem101-45

[12]

10.1016/j.renene.2022.11.107

[13]

Testing for Granger non-causality in heterogeneous panels

Elena-Ivona Dumitrescu, Christophe Hurlin

Economic Modelling 10.1016/j.econmod.2012.02.014

[14]

Falcone P. M. "Green investment strategies and bank‐firm relationship: A firm‐level analysis" Economic Bulletin (2018)

[15]

10.1016/j.techfore.2017.05.020

[16]

10.3390/su11020517

[17]

Greening through finance?

Haichao Fan, Yuchao Peng, Huanhuan Wang et al.

Journal of Development Economics 10.1016/j.jdeveco.2021.102683

[18]

10.1300/j064v22n03_10

[19]

10.1016/j.enpol.2016.12.035

[20]

10.1016/j.agsy.2024.103905

[21]

10.1016/j.jssas.2024.04.002

[22]

10.1002/sd.2175

[23]

10.3390/su11164384

[24]

Hinrichsen D. (1987)

[25]

10.1016/j.eneco.2021.105134

[26]

10.1016/j.scitotenv.2023.162269

[27]

10.1016/j.scitotenv.2023.162391

[28]

A Test for Normality of Observations and Regression Residuals

Carlos M. Jarque, Anil K. Bera

International Statistical Review / Revue Internati... 10.2307/1403192

[29]

10.1016/j.resourpol.2020.101689

[30]

10.1016/j.jclepro.2019.05.118

[31]

10.1016/j.eneco.2020.105060

[32]

10.1016/j.bir.2021.07.006

[33]

10.1016/j.jmva.2004.05.006

[34]

Regression Quantiles

Roger Koenker, Gilbert Bassett

Econometrica 10.2307/1913643

[35]

10.1016/j.agrformet.2005.08.007

[36]

10.1007/s00271-023-00885-4

[37]

Koval L. "Gender targeting of restaurants'visitors–representatives of generation Z" International Journal of Management (IJM) (2020)

[38]

10.25115/eea.v39i3.4714

[39]

10.3390/su142114044

[40]

Kuznets S. "Economic growth and income inequality" The American Economic Review (1955)

[41]

How does green finance affect green total factor productivity? Evidence from China

Chi-Chuan Lee, Chien-Chiang Lee

Energy Economics 10.1016/j.eneco.2022.105863

[42]

The contribution of climate finance toward environmental sustainability: New global evidence

Chi-Chuan Lee, Xinrui Li, Chin-Hsien Yu et al.

Energy Economics 10.1016/j.eneco.2022.106072

[43]

10.1016/j.eneco.2020.105021

[44]

10.1007/s11027-016-9710-3

[45]

10.1016/j.worlddev.2023.106494

[46]

10.1016/j.jclepro.2018.03.066

[47]

10.1007/s11069-018-3502-x

[48]

Quantiles via moments

José A.F. Machado, J.M.C. Santos Silva

Journal of Econometrics 10.1016/j.jeconom.2019.04.009

[49]

10.1016/j.agwat.2023.108599

[50]

10.1016/j.enbenv.2023.03.001

Showing 50 of 88 references

Metrics

7

Citations

88

References

Details

Published: Jan 13, 2025
Vol/Issue: 36(3)
Pages: 706-723
License: View

Authors

Z

Zeeshan Khan

School of Public Policy and Management Tsinghua University Beijing China

R

Ramez Abubakr Badeeb

Nottingham University Business School, Faculty of Art and Social Sciences University of Nottingham Malaysia Semenyih Malaysia

S

Sher Ali

Department of Economics Islamia College Peshawar Pakistan

Y

Yuriy Bilan

Faculty of Management Rzeszow University of Technology Rzeszów Poland

S

Sebastian Majewski

Institute of Economics and Finance University of Szczecin Szczecin Poland

Cite This Article

Zeeshan Khan, Ramez Abubakr Badeeb, Sher Ali, et al. (2025). Land productivity and environmental sustainability for G7 economies: Does an inverted U‐shaped curve exhibit green finance?. Land Degradation & Development, 36(3), 706-723. https://doi.org/10.1002/ldr.5251

Land productivity and environmental sustainability for G7 economies: Does an inverted U‐shaped curve exhibit green finance?

You May Also Like