Do financial deepening, foreign direct investment, trade openness, and renewable energy increase carbon emissions in OIC countries? Assessing the role of institutional quality and regulation
金融深化、外国直接投資、貿易開放度、再生可能エネルギーはOIC諸国の炭素排出を増加させるか？制度的質と規制の役割の評価 (AI 翻訳)
Muhammad Ghafur Wibowo, Akmal Ihsan, Basri Basri
🤖 gxceed AI 要約
日本語
本研究は、2009～2023年の46のOIC加盟国を対象に、金融深化、FDI、貿易開放度、再生可能エネルギー消費がCO2排出に与える影響を分析。GMMと重回帰分析の結果、金融深化とFDIは排出を増加させる一方、貿易開放度と再生可能エネルギーは排出削減に寄与。制度的質は金融深化や再生可能エネルギーと排出の関係を緩和するが、FDIとの相互作用は排出を悪化させる。
English
This study examines the impact of financial deepening, FDI, trade openness, and renewable energy on CO2 emissions in 46 OIC countries from 2009 to 2023 using GMM and multiple regression. Results show that financial deepening and FDI significantly increase emissions, while trade openness and renewable energy reduce them. Institutional quality moderates the effects, but its interaction with FDI worsens emissions. Policy implications emphasize directing foreign capital to sustainable sectors.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
OIC諸国を対象とした分析であり、日本の直接的示唆は限定的だが、制度的質が排出要因に与える緩和効果は、日本の途上国支援や国際協調における参考となり得る。
In the global GX context
This paper provides cross-country evidence on how financial and trade factors influence carbon emissions, with insights on the moderating role of institutional quality. While not directly addressing disclosure frameworks, it supports the importance of policy coherence and renewable energy promotion in global decarbonization efforts.
👥 読者別の含意
🔬研究者:Empirical evidence on the environmental Kuznets curve and moderating effects of institutional quality in OIC countries.
🏛政策担当者:Highlights the need to align foreign investment and financial deepening with environmental sustainability goals.
📄 Abstract（原文）
Rising carbon emissions are a persistent global challenge, where rapid economic growth is accompanied by increasing environmental pressures. This study investigates whether financial deepening (FD), foreign direct investment (FDI), trade openness (TO), and renewable energy (RE) consumption affect carbon (CO2) emissions in 46 Organization of Islamic Cooperation (OIC) member countries during 2009–2023. This study also considers institutional quality (INS) as a crucial determinant that moderates the influence of the variables. The analytical techniques used to answer the research hypothesis are the generalized method of moments (GMM) and multiple regression analysis. The results of this study indicate that FD and FDI significantly increase CO2 emissions, proving that domestic credit (DC) expansion and foreign capital inflows are largely directed towards carbon-intensive industrial activities. Conversely, TO and RE consumption contribute to reducing emissions, reflecting the role of international trade integration and the transition to a sustainable energy system. In addition, the role of INS is relevant to the environmental Kuznets curve (EKC) concept, as it has been proven to reduce CO2 emissions through DC, TO, and RE. However, this does not apply to the interaction between INS and FDI, which actually increases CO2. Therefore, directing foreign capital toward environmentally sustainable sectors should become a priority for OIC governments.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.22495/cgsrv10i3sip9first seen 2026-07-16 05:15:08
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