Exploring the Control Role of Financial Development, Trade Openness, Economic Growth, and Renewable Energy in Driving Green Growth through Fiscal Reforms in the MENA Region.

المؤلفون

1 College of Management & Technology- Arab Academy for Science, Technology and Maritime Transport.

2 Professor of Economics, College of Management & Technology- Arab Academy for Science, Technology and Maritime Transport

3 Associate Professor of Finance and Investment. Faculty of Financial and Administrative Science – Pharos University in Alexandria

المستخلص

The paper examines the control effects of financial development (bank credit to the private sector as % of GDP), trade openness (%XM of GDP), economic growth (real GDP per capita growth), and level of renewable resources of energy on the relationship between green financial reforms (especially green tax reform and government spending) and green growth measured by (carbon dioxide) in the Middle East and North African region. The research adopts a positive approach and uses quantitative methodology and secondary data analysis from the MENA region between 2012 and 2020. The results show that economic growth increased the link between government spending and CO2 emissions, while financial development and trade openness reduced it. Renewable energy had no significant impact. Trade openness and renewable resources positively influenced green fiscal reform's effect on emissions reduction, while economic growth and financial development showed no significant impact. These results contribute to a deeper understanding of how fiscal reforms promote sustainable growth

الكلمات الرئيسية

ملفات

شارك

إرسال الاستشهاد إلى

الإحصائيات