CCPortal
DOI10.1108/APJML-10-2023-1047
An implementation of climate-related financial policies to promote a nation's participation in global value chains: evidence from an international database
Ha, Le Thanh
发表日期2024
ISSN1355-5855
EISSN1758-4248
英文摘要PurposeThis study aims to investigate two issues: (1) a nexus between climate-related financial policies (CRFP) and global value chains (GVC) and (2) the government's policies to help countries enhance the efficient use of CRFP in improving a country's likelihood to participate in GVC.Design/methodology/approachTo investigate the connection between GVC and CRFP, the authors incorporate that backward participation is measured using foreign value-added, while domestic value-added is used to measure forward participation, quantified as proportions of gross exports. The study analyses yield significant insights across a span of 20 developing countries and 26 developed countries over the period from 2010 to 2020.FindingsRegarding the first issue, the authors affirm the presence of a linear link between GVC and CRFP, implying that involvement in CRFP is advantageous for both backward and forward participation. Furthermore, the authors identify long-term GVC and CRFP cointegration and confirm its long-term effects. Notably, the expression of a linear relationship between GVC and CRFP appears to be stronger in developing countries.Research limitations/implicationsThe study findings, together with previous research, highlight the importance of financial policies relating to climate change (CRFP) in the context of economic growth. Climate change's consequences for financial stability and GVC highlight the importance of expanded policymakers and industry participation in tackling environmental concerns.Practical implicationsRegarding the second issue, the study findings suggest critical policy implications for authorities by highlighting the importance of financial stability and expanded policymakers in promoting countries' participation in GVC.Originality/valueThis paper investigates the link between GVC performance and CRFP, offering three significant advances to previous research. Moreover, as a rigorous analytical method, this study adopts a typical error model with panel correction that accounts for cross-sectional dependency and stationarity.
英文关键词Climate-related financial policies; Global value chains; Long-term effects; Global sample; C33; F21; G21; O16
语种英语
WOS研究方向Business & Economics
WOS类目Business
WOS记录号WOS:001148182600001
来源期刊ASIA PACIFIC JOURNAL OF MARKETING AND LOGISTICS
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/290161
作者单位National Economics University - Vietnam
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GB/T 7714
Ha, Le Thanh. An implementation of climate-related financial policies to promote a nation's participation in global value chains: evidence from an international database[J],2024.
APA Ha, Le Thanh.(2024).An implementation of climate-related financial policies to promote a nation's participation in global value chains: evidence from an international database.ASIA PACIFIC JOURNAL OF MARKETING AND LOGISTICS.
MLA Ha, Le Thanh."An implementation of climate-related financial policies to promote a nation's participation in global value chains: evidence from an international database".ASIA PACIFIC JOURNAL OF MARKETING AND LOGISTICS (2024).
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