Green Investments and Top Income Inequality *
Type
working paper
Date Issued
2023-10-31
Author(s)
Abstract
This paper provides empirical evidence for a signicant positive association between green investments and top income inequality from a panel of 87 countries from 2004 to 2020. This relationship is strongest for countries with initially lower levels of income, financial development, and carbon emissions. We also find evidence that the effect on inequality persists for four years and thereafter abates. We argue that the positive association between green finance and inequality is at least partially driven by the mechanism of technological change. Using a moderated mediation design, we show that green patents are mediating the relationship between green finance and overall and top income inequality.
Funding(s)
Swiss National Science Foundation Grant Number 200950
Language
English
Keywords
green nance
income inequality
technological change
innovation
investment emissions
carbon inequality JEL Classication: D63
E44
O33
Q52
Q54
Q55
HSG Classification
contribution to scientific community
Official URL
File(s)![Thumbnail Image]()
Name
GF_inequality v2.pdf
Size
2.26 MB
Format
Adobe PDF
Checksum (MD5)
6d2d506177d10061ee48c7811ee652e8