Green growth, geopolitical risk, and economic policy uncertainty: Evidence from China

Author:

Xiaofang Li12,Syed Qasim Raza34ORCID,Ahmed Zahoor56

Affiliation:

1. Fanli Business School Nanyang Institute of Technology Nanyang China

2. Faculty of Business City University of Macau Macau China

3. Ilma University Karachi Pakistan

4. Universiti Sains Malaysia Gelugor Malaysia

5. Adnan Kassar School of Business Lebanese American University Beirut Lebanon

6. Department of Business Administration, Faculty of Economics, Administrative and Social Sciences Bahçeşehir Cyprus University Nicosia Turkey

Abstract

AbstractThis empirical analysis aims to probe the impact of geopolitical risk (GPR) and economic policy uncertainty (EPU) on green growth (GG) in China. In order to achieve this, we make use of time series data from 1990 to 2020. We adopt the novel wavelet quantile correlation (WQC) approach to report time‐varying results across quantiles. The key findings from the novel WQC approach delineate that EPU and GPR impede GG in the short‐ and long‐run, whereas, EPU and GPR promote GG in the medium‐run. Regarding the policy recommendations, we suggest to impede both EPU and GPR to upsurge long‐run GG in China.

Publisher

Wiley

Subject

General Environmental Science,General Medicine

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