Related Experiment Video
Updated: Oct 6, 2025

Watershed Planning within a Quantitative Scenario Analysis Framework
Published on: July 24, 2016
The interrelationships among financial development, economic growth and environmental sustainability: evidence from
Hamdiyah Alhassan1,2, Paul Adjei Kwakwa3, Samuel Arkoh Donkoh1
1School of Applied Economics and Management Sciences, University for Development Studies, Tamale, Ghana.
Abstract:
A well established and developed financial system encourages savings and investment which stimulates economic growth. However, the link between financial development and the environment is ambiguous. In general, the role that the environment plays in the finance-growth nexus has received less attention, to the best of our knowledge. Against this backdrop, this study aims to examine the interrelationships among economic growth, financial development and carbon dioxide emissions for Ghana over the period of 1971-2018. To correct for a possible endogeneity problem, the three-stage least-square (3SLS) technique was employed. The results revealed that there is a bidirectional relationship between financial development and economic growth; and a unidirectional relationship from financial development to carbon dioxide emission. However, carbon dioxide emission has a neutral effect on economic growth and financial development. Economic growth exhibits an inverted U-shaped relationship with carbon dioxide emission, confirming the existence of the environmental Kuznets curve hypothesis in Ghana. Policymakers should consider the critical roles of financial development in achieving environmentally friendly growth in Ghana.
More Related Videos
08:10Neuroimaging Field Methods Using Functional Near Infrared Spectroscopy NIRS Neuroimaging to Study Global Child Development: Rural Sub-Saharan Africa
Published on: February 2, 2018
09:17Investigation of Plant Interactions Across Common Mycorrhizal Networks Using Rotated Cores
Published on: March 26, 2019
Related Concept Videos
Sustainable Development
Relationship Growth
Dimensions of Health and Illness
Environmental Applications of Microorganisms
Design Example: Sustainability in Concrete Building
There are multiple approaches to achieve sustainability in a commercial concrete building. For instance, construct a concrete parking area under the building, utilizing pervious concrete paver blocks in open areas to facilitate rainwater collection through an underground...
Community Based Intervention
Foundations of Community Mental Health Programs
Central to the success of community-based interventions is the...