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Do renewable energy, economic globalization, and financial development foster green growth in France? Evidence from a wavelet-quantile approach.

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Názov: Do renewable energy, economic globalization, and financial development foster green growth in France? Evidence from a wavelet-quantile approach.
Autori: He, Chao1 (AUTHOR), Awosusi, Abraham Ayobamiji2 (AUTHOR), Eweade, Babatunde Sunday3 (AUTHOR), Alofaysan, Hind4 (AUTHOR), Li, Xing1 (AUTHOR) mrli0088@163.com
Zdroj: International Journal of Sustainable Development & World Ecology. Jul2025, Vol. 32 Issue 5, p574-588. 15p.
Predmety: *RENEWABLE energy sources, *ECONOMIC globalization, *QUANTILE regression, *ECONOMIC development, *SUSTAINABLE development, *GREEN technology
Abstrakt: Green growth has become a key policy priority in light of escalating environmental concerns and the imperative for sustainable economic progress. Yet, the influence of various economic and energy-related factors on green growth remains insufficiently explored, particularly in advanced economies like France. This study investigates the roles of renewable energy, nuclear energy, economic globalization, and financial development in shaping green growth (GGW) in France, using quarterly data from 1996 to 2021. Applying advanced nonlinear techniques, including Wavelet Quantile Regression, Wavelet Quantile Correlation, and Quantile-on-Quantile Granger Causality, the findings reveal that nuclear energy adversely affects GGW in the short term but contributes positively in the long run. Renewable energy supports GGW in the short to medium term, though its effect becomes negative over extended periods. Economic globalization and financial development exhibit consistently positive impacts on GGW across all time horizons. These insights underscore the importance of strategic investment in nuclear energy, recalibrated renewable energy policies, and the advancement of financial systems and global integration to ensure long-term green growth. A phased approach integrating technological innovation, policy support, and financial instruments is essential for promoting sustainable development in France. [ABSTRACT FROM AUTHOR]
Databáza: Academic Search Index
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Abstrakt:Green growth has become a key policy priority in light of escalating environmental concerns and the imperative for sustainable economic progress. Yet, the influence of various economic and energy-related factors on green growth remains insufficiently explored, particularly in advanced economies like France. This study investigates the roles of renewable energy, nuclear energy, economic globalization, and financial development in shaping green growth (GGW) in France, using quarterly data from 1996 to 2021. Applying advanced nonlinear techniques, including Wavelet Quantile Regression, Wavelet Quantile Correlation, and Quantile-on-Quantile Granger Causality, the findings reveal that nuclear energy adversely affects GGW in the short term but contributes positively in the long run. Renewable energy supports GGW in the short to medium term, though its effect becomes negative over extended periods. Economic globalization and financial development exhibit consistently positive impacts on GGW across all time horizons. These insights underscore the importance of strategic investment in nuclear energy, recalibrated renewable energy policies, and the advancement of financial systems and global integration to ensure long-term green growth. A phased approach integrating technological innovation, policy support, and financial instruments is essential for promoting sustainable development in France. [ABSTRACT FROM AUTHOR]
ISSN:13504509
DOI:10.1080/13504509.2025.2513257