Scholarlink

<p>While extensive research has explored the nexus between eco-innovations, financial development, foreign direct investment (FDI), and the ecological footprint (EFP), studies focusing specifically on Saudi Arabia—an oil-dependent economy where the Pollution Halo or Heaven effects are particularly relevant—remain limited. This study investigates the impact of eco-innovations, financial development, FDI, and clean energy on environmental quality (measured by EFP) in Saudi Arabia over the period 1995–2022, employing the autoregressive distributed lag (ARDL) model. The results indicate that eco-innovations and clean energy contribute to reducing environmental degradation, whereas financial development exacerbates it. Moreover, FDI improves environmental conditions by lowering EFP, providing evidence of the Pollution Halo effect in the Saudi context. Robustness checks, including alternative estimators, confirm the stability of these findings. Furthermore, the Granger causality analysis reveals a unidirectional causal flow from all explanatory variables to EFP, except for renewable energy. Based on these results, the study proposes several policy implications to help mitigate and manage environmental challenges in Saudi Arabia.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

The impact of eco-innovations, FDI, and financial development on environmental sustainability

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年1月29日

查看全文
  • Mohammad Haseeb,
  • Mohd Shuaib,
  • Md. Emran Hossain,
  • Mesut Doğan,
  • Samariddin Makhmudov,
  • Mohammed Alnour

摘要

While extensive research has explored the nexus between eco-innovations, financial development, foreign direct investment (FDI), and the ecological footprint (EFP), studies focusing specifically on Saudi Arabia—an oil-dependent economy where the Pollution Halo or Heaven effects are particularly relevant—remain limited. This study investigates the impact of eco-innovations, financial development, FDI, and clean energy on environmental quality (measured by EFP) in Saudi Arabia over the period 1995–2022, employing the autoregressive distributed lag (ARDL) model. The results indicate that eco-innovations and clean energy contribute to reducing environmental degradation, whereas financial development exacerbates it. Moreover, FDI improves environmental conditions by lowering EFP, providing evidence of the Pollution Halo effect in the Saudi context. Robustness checks, including alternative estimators, confirm the stability of these findings. Furthermore, the Granger causality analysis reveals a unidirectional causal flow from all explanatory variables to EFP, except for renewable energy. Based on these results, the study proposes several policy implications to help mitigate and manage environmental challenges in Saudi Arabia.