金融包容性是经济增长的关键要素,因为它使金融服务可用于社会的各个方面,因此对环境质量产生影响。本研究使用2004年至2019年的数据,评估了十大污染国家的金融包容性与环境质量之间的不对称关系(中国,印度,俄罗斯,美国,Japan,伊朗,德国,沙特阿拉伯,韩国,和印度尼西亚)。以前的研究使用面板数据方法,这导致了金融包容性和环境质量之间联系的通常发现,即使现实是许多国家并没有单独表现出这种联系。这项研究,相反,使用独占方法\“分位数上的分位数(QQ)\”,这使我们能够明确地调查每个国家,以提供有关变量之间关系的多边但特定国家的信息。估计表明,在数据分布的许多分位数上,金融包容性降低了10个经济体中7个的环境质量。此外,结果表明,金融包容性和碳排放之间的不对称程度因国家而异,强调各国政府在实施与金融包容性和可持续环境有关的政策时需要给予特别关注。
Financial inclusion is critical element of economic growth as it makes financial services available to all facets of society and hence has an influence on environmental quality. Using data from 2004 to 2019, this research evaluates the asymmetric nexus between financial inclusion and environmental quality in the top-10 polluted nations (
China, India, Russia, USA, Japan, Iran, Germany, Saudi Arabia, South Korea, and Indonesia). Previous research used panel data approaches, which resulted in usual findings of the connection between financial inclusion and environmental quality, even with the reality that numerous nations did not show such a linkage individually. This research, conversely, utilizes an exclusive method \'Quantile-on-Quantile (QQ)\', which permits us to probe each nation distinctly to provide multilateral yet country-specific information about the relation between the variables. The estimations demonstrate that financial inclusion degrades environmental quality in 7 out of the 10 economies at many quantiles of data distribution. Additionally, the outcomes reveal that the degree of asymmetry between financial inclusion and carbon emissions differs by nation, stressing the need of governments giving particular attention while implementing policies related to financial inclusion and a sustainable environment.