Journal of Financial Economic Policy, Journal Year: 2024, Volume and Issue: unknown
Published: Nov. 20, 2024
Purpose Over the past few decades, BRICS nations have implemented several environmental legislations to combat issues, along with development of financial sector. However, they still face dual challenge balancing (FD) and reducing carbon emissions achieve sustainable development. Hence, this study aims explore how policy stringency (EPS) influences FD in from 1993 2020. Design/methodology/approach The authors performed a panel data analysis examine effect EPS on FD. Firstly, conducted unit root test using Levin–Lin–Chu Im–Pesaran–Shin tests check stationarity data. Then, used fixed model for analysis. A feasible generalised least squares is ensure robustness results. Findings positively affects through markets intuitions nations, indicating that more stringent policies countries promote these nations. Practical implications This suggests policymakers should consider strengthening EPS, implying benefit aligning sustainability goals economic growth. Originality/value provides deeper understanding by disassembling into institutions, thereby establishing nuanced relationship which highly relevant addressing distinctive systems challenges Therefore, fills gap offers new insights between
Language: Английский
