Exploring the interactive effects of environmental quality and financial development in top ten remittance-receiving countries: do technological effect matter?

Abstract

There is a great linkage between environmental mitigation and economic growth. Several studies stretch this linkage as an environmental Kuznets curve (ECK) association. This practice revisits the linkage between environmental degradation and remittance inflow for the circumstance of the top ten remittance-receiving economies by embracing a fresh process of panel quantile regression (PQR) method to achieve the country-specific anatomy over the period between 1980 and 2018. Our research affords a more respectful seeing of the heterogeneous effects of the technological effects and remittance inflow on environmental pollution in the top ten remittance-receiving economies. Precisely, our analysis of PQR findings affords the obviousness of an inverted N-shaped EKC hypothesis of the technological effects of financial development on environmental quality from the 10th to 60th quantile. As regards the technical effects of remittance inflow, an N-shaped EKC has been spotted across from the 40th to 60th quantile. Finally, the interaction effects of financial development and remittance inflow pursue negative and significant effects on carbon dioxide emissions across all quantiles. Some injunctions that were most built-in in this introduced survey are the top ten remittance-receiving economies that ought to line programs that inhibit investors to involve remittance inflows to perform sustainability surrounding.