Cargando…

Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies

The green economy is viewed as a cost-effective means of achieving sustainability around the globe, and a recent study inferred the nexus between the fiscal imbalances and green economic growth based on E-7 economies data. This paper attempts to answer how green fiscal spending ensures green economi...

Descripción completa

Detalles Bibliográficos
Autores principales: Fang, Ming, Chang, Chiu-Lan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8927750/
http://dx.doi.org/10.1007/s10644-022-09392-6
_version_ 1784670512138420224
author Fang, Ming
Chang, Chiu-Lan
author_facet Fang, Ming
Chang, Chiu-Lan
author_sort Fang, Ming
collection PubMed
description The green economy is viewed as a cost-effective means of achieving sustainability around the globe, and a recent study inferred the nexus between the fiscal imbalances and green economic growth based on E-7 economies data. This paper attempts to answer how green fiscal spending ensures green economic growth and stabilizes fiscal imbalances in E-7 economies. The study findings highlighted the mechanism and viability of green fiscal spending for fiscal imbalances and green economic growth. More specifically, results showed that green fiscal spending extends green economic growth in Brazil with 30%, in China with 44%, in India with 11.8%, in Indonesia with 34%, Russia with 29.7%, and Turkey with 22.4%, respectively. Based on the findings, the following are our recommendations: (i) local governments should rebalance their fiscal budgets and invest more on public goods to assess local sustainable development, and (ii) several development initiatives specific to the local level should be employed to maximize fiscal spending.
format Online
Article
Text
id pubmed-8927750
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Springer US
record_format MEDLINE/PubMed
spelling pubmed-89277502022-03-17 Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies Fang, Ming Chang, Chiu-Lan Econ Change Restruct Article The green economy is viewed as a cost-effective means of achieving sustainability around the globe, and a recent study inferred the nexus between the fiscal imbalances and green economic growth based on E-7 economies data. This paper attempts to answer how green fiscal spending ensures green economic growth and stabilizes fiscal imbalances in E-7 economies. The study findings highlighted the mechanism and viability of green fiscal spending for fiscal imbalances and green economic growth. More specifically, results showed that green fiscal spending extends green economic growth in Brazil with 30%, in China with 44%, in India with 11.8%, in Indonesia with 34%, Russia with 29.7%, and Turkey with 22.4%, respectively. Based on the findings, the following are our recommendations: (i) local governments should rebalance their fiscal budgets and invest more on public goods to assess local sustainable development, and (ii) several development initiatives specific to the local level should be employed to maximize fiscal spending. Springer US 2022-03-17 2022 /pmc/articles/PMC8927750/ http://dx.doi.org/10.1007/s10644-022-09392-6 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022 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
Fang, Ming
Chang, Chiu-Lan
Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title_full Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title_fullStr Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title_full_unstemmed Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title_short Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies
title_sort nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from e-7 economies
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8927750/
http://dx.doi.org/10.1007/s10644-022-09392-6
work_keys_str_mv AT fangming nexusbetweenfiscalimbalancesgreenfiscalspendingandgreeneconomicgrowthempiricalfindingsfrome7economies
AT changchiulan nexusbetweenfiscalimbalancesgreenfiscalspendingandgreeneconomicgrowthempiricalfindingsfrome7economies