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- Title
Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery.
- Authors
Wu, Yanqiu; Pu, Yuanjie; Pai, Chih-Hung
- Abstract
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.
- Subjects
CENTRAL Asia; FOREIGN investments; ECONOMIC conditions in Asia; SUSTAINABLE investing; RECESSIONS; FOREIGN exchange rates; ECONOMIC recovery
- Publication
Economic Change & Restructuring, 2023, Vol 56, Issue 4, p2511
- ISSN
1573-9414
- Publication type
Article
- DOI
10.1007/s10644-023-09527-3