اقتصاد و  تجارت نوین

اقتصاد و تجارت نوین

نقش سیاست‌های پولی و مالی سبز در تحقق پایداری اقتصادی: رویکرد مدل‌سازی معادلات ساختاری

نوع مقاله : علمی- پژوهشی

نویسندگان
1 دانشجوی دکتری اقتصاد، دانشکده مدیریت و اقتصاد، واحد علوم و تحقیقات، دانشگاه آزاد اسلامی، تهران، ایران
2 دانشیار اقتصاد، دانشکده مدیریت و اقتصاد، واحد علوم و تحقیقات، دانشگاه آزاد اسلامی، تهران، ایران
3 استاد اقتصاد، دانشکده اقتصاد و علوم اجتماعی، دانشگاه بوعلی سینا، همدان، ایران
10.30465/jnet.2025.51885.2197
چکیده
در پاسخ به چالش‌های زیست‌محیطی و ضرورت پایداری اقتصادی، پژوهش حاضر به ارزیابی اثربخشی سیاست‌های پولی و مالی سبز در دو گروه از کشورها (ده کشور توسعه‌یافته و کشورهای منطقه منا) طی دوره ۲۰۱۳ تا ۲۰۲۳ می‌پردازد. از روش مدل‌سازی معادلات ساختاری با رویکرد حداقل مربعات جزئی برای تحلیل داده‌های پانل استفاده شده و سازه‌های پنهان با تحلیل عاملی تأییدی چندمرحله‌ای اعتبارسنجی گردیده‌اند. نتایج نشان می‌دهد که در کشورهای توسعه‌یافته، سیاست‌های سبز اثر بسیار معناداری بر افزایش سرمایه‌گذاری (β = 0.929؛ p < 0.001) دارند، در حالی‌که اثر آن‌ها بر کاهش آلودگی معنادار نیست. با این حال، سرمایه و آلودگی هر دو اثری مثبت و قابل توجه بر پایداری اقتصادی نشان داده‌اند. در مقابل، در کشورهای منطقه منا، سیاست‌های سبز نقش مهمی در کاهش آلودگی (β = 0.702؛ p < 0.001) و تقویت سرمایه‌گذاری (β = 0.804؛ p < 0.001) داشته‌اند، اما این دو متغیر تأثیر معناداری بر پایداری نداشته‌اند. تنها جمعیت اثر مثبت و معناداری بر پایداری داشته است. یافته‌ها بر تفاوت ساختاری میان دو گروه کشور تأکید دارند و ضرورت طراحی سیاست‌های بومی‌سازی‌شده را در تحقق اهداف پایداری اقتصادی برجسته می‌سازند.
طبقه بندی JEL:
Q01, Q56, E52, H23, C38
کلیدواژه‌ها

عنوان مقاله English

The Role of Green Monetary and Fiscal Policies in Achieving Economic Sustainability: A Structural Equation Modeling Approach

نویسندگان English

Mahsa Mashayekhi 1
Farhad Ghaffari 2
Nader Mehregan 3
1 PhD student in Economics, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 Associate Professor of Economics, Department of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran
3 Professor of Economics, Department of Economics, Faculty of Economics and Social Sciences, Bu Ali Sina University, Hamadan, Iran
چکیده English

In response to environmental challenges and the growing need for economic sustainability, this study evaluates the effectiveness of green monetary and fiscal policies across two country groups—ten developed economies and selected MENA nations over the period 2013 to 2023. The analysis employs Partial Least Squares Structural Equation Modeling to estimate relationships using panel data, with latent constructs validated through multi-stage Confirmatory Factor Analysis.
Findings indicate that in developed countries, green policies have a highly significant impact on increasing investment (β = 0.929; p < 0.001), while their effect on reducing pollution is not statistically significant. However, both investment and pollution exhibit positive and meaningful contributions to economic sustainability.
In contrast, in MENA countries, green policies play a significant role in reducing pollution (β = 0.702; p < 0.001) and boosting investment (β = 0.804; p < 0.001), yet neither variable demonstrates a significant effect on sustainability. Only population shows a statistically significant positive influence on sustainability in these nations.
The results highlight structural differences between the two groups and underscore the necessity of tailoring green policy designs to local institutional contexts in order to achieve sustainable economic outcomes.

کلیدواژه‌ها English

Green Monetary Policy؛ Green Fiscal Policy؛ Economic Sustainability؛ Partial Least Squares Structural Equation Modeling؛ Confirmatory Factor Analysis JEL Classification:Q01, Q56, E52, H23, C38
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  • تاریخ دریافت 17 اردیبهشت 1404
  • تاریخ بازنگری 17 مرداد 1404
  • تاریخ پذیرش 26 مرداد 1404