Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery

The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 thr...

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Autores principales: Wu, Yanqiu, Pu, Yuanjie, Pai, Chih-Hung
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10233554/
http://dx.doi.org/10.1007/s10644-023-09527-3
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author Wu, Yanqiu
Pu, Yuanjie
Pai, Chih-Hung
author_facet Wu, Yanqiu
Pu, Yuanjie
Pai, Chih-Hung
author_sort Wu, Yanqiu
collection PubMed
description The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 through employing annual data and the panel co-integration approach. The results confirmed that the degree of green trade openness positively and significantly affects the green recovery. The estimated coefficient of direct foreign investment is negative. The patent coefficient is not statistically significant, and the official exchange rate has a positive effect. Financial development has a positive and significant coefficient. The paper has several policy implications, such as enhancing green FDI (Foreign Direct Investment), supporting green innovation, and promoting green trade liberalism for scholars and policymakers.
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spelling pubmed-102335542023-06-01 Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery Wu, Yanqiu Pu, Yuanjie Pai, Chih-Hung Econ Change Restruct Article The economic recession caused by the restrictions on the spread of the Coronavirus disrupted the economic life of many countries. The primary purpose of the paper is to measure the impacts of intra-regional trade and investment on the green recovery of five Central Asian economies over 2010–2021 through employing annual data and the panel co-integration approach. The results confirmed that the degree of green trade openness positively and significantly affects the green recovery. The estimated coefficient of direct foreign investment is negative. The patent coefficient is not statistically significant, and the official exchange rate has a positive effect. Financial development has a positive and significant coefficient. The paper has several policy implications, such as enhancing green FDI (Foreign Direct Investment), supporting green innovation, and promoting green trade liberalism for scholars and policymakers. Springer US 2023-06-01 /pmc/articles/PMC10233554/ http://dx.doi.org/10.1007/s10644-023-09527-3 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2023. Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Wu, Yanqiu
Pu, Yuanjie
Pai, Chih-Hung
Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title_full Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title_fullStr Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title_full_unstemmed Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title_short Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery
title_sort ways to promote intra-regional trade and investment in central asia to boost the green recovery
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10233554/
http://dx.doi.org/10.1007/s10644-023-09527-3
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AT puyuanjie waystopromoteintraregionaltradeandinvestmentincentralasiatoboostthegreenrecovery
AT paichihhung waystopromoteintraregionaltradeandinvestmentincentralasiatoboostthegreenrecovery

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