Economic growth and environmental sustainability in developing economies

Hunjra, Ahmed Imran; Bouri, Elie; Azam, Muhammad; Azam, Rauf I; Dai, Jiapeng

doi:10.1016/j.ribaf.2024.102341

Cited by 14 publications

(1 citation statement)

References 94 publications

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“…Furthermore, the insignificance of GDP growth in explaining idiosyncratic risk may suggest that the impact of GDP on investment risk is indirect or mediated through other channels. (Hunjra et al, 2024) (Zeeshan et al, 2022) GDP growth can influence overall market conditions, interest rates, consumer spending or business confidence, which in turn can impact investment risk systematically or globally rather than at the specific asset level. Another consideration is the potential presence of complex interactions or non-linear relationships between idiosyncratic risks and GDP growth that are not accounted for in the analysis.…”

Section: Idiosyncratic Risk With Gdp Growth (Gdpconst)mentioning

confidence: 99%

Understanding Idiosyncratic Risk and Economic Growth in ASEAN

Asri

2024

JEFMS

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This study examines the relationship between idiosyncratic risks, foreign direct investment (FDI), and economic growth in ASEAN countries using data from 2013 to 2022. Idiosyncratic risks refer to specific assets or individual sectors, distinct from systemic or market-wide risk. This study aims to determine whether idiosyncratic risks affect the ASEAN region's FDI flows and economic growth. The study uses structural equation modeling (SEM) analysis to analyze the ASEAN Statistical Database data. Regression weights are used to evaluate the relationship between idiosyncratic risks, FDI, inflation, SDG availability, and economic growth. The results indicate that although there is no significant direct relationship between idiosyncratic risk and FDI inflows, there is a significant positive correlation between idiosyncratic risk and economic growth. These findings have implications for policymakers and investors seeking to promote sustainable economic development in ASEAN countries. Understanding the dynamics of specific risks can inform strategies to attract FDI and stimulate economic growth. This study contributes to the theoretical basis of risk management and economic development in emerging market economies such as those in the ASEAN region.

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Section: Idiosyncratic Risk With Gdp Growth (Gdpconst)mentioning

confidence: 99%