| Title | Energy technology innovation through the lens of the financial deepening: Financial institutions and markets perspective |
|---|---|
| ID_Doc | 35391 |
| Authors | Liu, BD; Hu, R; Ullah, S |
| Title | Energy technology innovation through the lens of the financial deepening: Financial institutions and markets perspective |
| Year | 2023 |
| Published | Environmental Science And Pollution Research, 30, 46 |
| Abstract | This paper examines the impact of financial deepening on energy technology green innovation over the period 1996 to 2020. Utilizing the nonlinear QARDL technique, we assess the asymmetric short and long-term impacts across various quantiles. The research employs two measures of financial deepening, namely financial institution deepening (FID) and financial market deepening (FMD). The findings reveal that a positive change in the FID causes energy green innovation to rise, while a negative change in the FID causes energy green innovation to fall in the long run at most quantiles. Further, we find that the rise in the FMD help improves energy green innovation; however, the fall in the FMD does not significantly impact energy green innovation at all quantiles. Based on the findings, our research will help policymakers to develop valuable policies for financial deepening to enhance energy green innovation. |
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