Investigated are the effects of digital finance on green bonds and renewable energy. Therefore, the primary objective of this research is to employ a novel time-varying causality test to establish the causal link between green technology, clean energy, digital finance, and environmental responsibility. Study analyzed data from 2001 to 2019 to infer the China region. In addition, for robustness, a spillover dynamic connectedness model is implemented. The empirical results show that the spillovers shocks analysis come from clean energy to digital finance index(30.544%), followed by propagation from clean energy to green economic index (30.544%). Because depending on economic events, the dynamic total connectedness across assets changes over time. Long-term Environmental costs are dramatically reduced by 0.68% with every 1% increase in clean energy consumption. Yet, the entire period from clean energy to digital finance is marked by heightened volatility and causal relevance. The study finds that after the local economy and environmental governance, institutional environment has the second-largest impact on the market expansion for green bonds. The findings add to our understanding of the risk profile of clean energy stocks and emphasise the need for stable, predictable laws in order to increase the marketability of clean energy stocks.
Nowadays, pace of digitalization, speed of its tools’ modernization, emergence of new innovative products in the field of information and communication technologies used in all spheres of human and society life are very high. Technologies are becoming the engine for development of new industries, acquiring important social roles, solving problems of society. Current global trends are relevant for Kazakhstan as well, since with the development of scientific, technical, technological and informational progress, the role of labor market is increasing. It is essential to realize global trends, their impact on economy and labor market, draw practical conclusions to propose effective measures. As a result of the development of technologies, “professions of the future” will become more complex, which will require new approaches to the training of qualified specialists. Today, in an effort to enter the top 30 most developed countries in the world, Kazakhstan needs to take into account current challenges and adapt state policy to prevent negative consequences from the ongoing changes. The article reveals the main aspects of formation of conditions to search new forms of employment for the country's economy under influence of new global challenges. The article presents results of analysis of the development of the Kazakhstani labor market in comparison with foreign countries, considers the issues of the system of state regulation of the labor market. It is concluded that changes in the context of digitalization and automation will lead to search for new ways and forms of employment in the labor market of Kazakhstan.
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