Green trade and ecological sustainability in EAGLE economies: the mediating role of green finance
EAGLE諸国におけるグリーントレードと生態的持続可能性：グリーンファイナンスの媒介的役割 (AI 翻訳)
Muhammad Zubair Ashraf, Wei Wei, Naveed Aslam, Muhammad Usman
🤖 gxceed AI 要約
日本語
本研究は、2000年から2022年のEAGLE諸国パネルデータを用いて、グリーントレードが生態的持続可能性に与える影響と、グリーンファイナンスの媒介効果を検証した。高次元固定効果モデル等の手法により、グリーントレードがエコロジカルフットプリントを削減し、グリーンファイナンスがその効果を強化することを実証した。結果は内生性を考慮しても頑健であり、新興国におけるグリーントレード政策とグリーンファイナンス枠組みの統合の重要性を示している。
English
Using panel data from 2000 to 2022 for EAGLE economies, this study examines how green trade affects ecological sustainability and the mediating role of green finance. Employing high-dimensional fixed effects, GMM, and PSM, it finds that green trade reduces ecological footprints, and green finance strengthens this effect. Results are robust to endogeneity, highlighting the importance of integrating green trade policies with green financial frameworks for low-carbon development in emerging economies.
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
日本のGX戦略においても、グリーントレードとグリーンファイナンスの連携は重要である。本件の知見は、日本が新興国への投資や貿易を通じて脱炭素化を促進する際の政策設計に示唆を与える。
In the global GX context
This paper contributes to the global discourse on transition finance by demonstrating empirically that green finance amplifies the ecological benefits of green trade in emerging economies. It supports the integration of trade and financial policies for climate mitigation, relevant for ISSB and TCFD frameworks focusing on financing the transition.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the mediation mechanism of green finance between green trade and ecological sustainability, using robust econometric methods.
🏢実務担当者:Highlights the importance of developing green financial systems to capture the environmental benefits of green trade, relevant for corporate sustainability strategies.
🏛政策担当者:Supports the design of integrated policies that combine green trade incentives with green finance instruments to accelerate ecological sustainability in emerging economies.
📄 Abstract（原文）
Rising climate risks in emerging economies challenge the effectiveness of trade and financial mechanisms in supporting green transformation. This study examines how green finance mediates the relationship between green trade and ecological sustainability. Utilizing panel data from 2000 to 2022 for Emerging and Growth-Leading Economies and grounded in ecological modernization theory, the analysis applies high-dimensional fixed effects as the baseline estimator. Robustness is confirmed through alternative model specifications, while endogeneity and selection bias are addressed using a two-step system generalized method of moments and propensity score matching. The empirical findings reveal that green trade reduces ecological footprints, which indicates that promoting green trade can accelerate the adoption of clean technologies and resource-efficient production in emerging economies. Moreover, green finance mediates and strengthens the ecological benefits of green trade, suggesting that well-structured green financial systems enhance the capacity of trade to drive ecological sustainability and support low-carbon development pathways. The results remain robust after accounting for endogeneity and selection bias. The evidence highlights the importance of integrating green trade policies with effective green financial frameworks to accelerate ecological sustainability and support sustainable low-carbon development in emerging economies. This research contributes to the literature by bridging the gap in understanding the ecological impacts of trade in emerging economies. It demonstrates that green trade supports ecological sustainability while green finance acts as a critical channel that strengthens and scales the environmental benefits of trade.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1108/ijoem-05-2025-1067first seen 2026-07-02 06:29:40
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