The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries

There is beyond any doubt that Latin America is one of the most important emerging markets in the world, which has increased its importance in the last decades. In effect, the issues of green, social, and sustainability (GSS) bonds are gaining more and more importance in the Latin American and the C...

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Detalhes bibliográficos
Autores: bernabe, Lorena, Cruz Rambaud, Salvador, López Pascual, Joaquín
Tipo de documento: artigo
Data de publicação:2022
País:España
Recursos:Universidad Rey Juan Carlos
Repositório:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
OAI Identifier:oai:burjcdigital.urjc.es:10115/30587
Acesso em linha:https://hdl.handle.net/10115/30587
Access Level:Acceso aberto
Palavra-chave:economic growth
GSS bonds
sustainable finance
sustainable development goals
LatinAmerican and Caribbean markets
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spelling The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countriesbernabe, LorenaCruz Rambaud, SalvadorLópez Pascual, Joaquíneconomic growthGSS bondssustainable financesustainable development goalsLatinAmerican and Caribbean marketsThere is beyond any doubt that Latin America is one of the most important emerging markets in the world, which has increased its importance in the last decades. In effect, the issues of green, social, and sustainability (GSS) bonds are gaining more and more importance in the Latin American and the Caribbean (LAC) financial markets. They are specifically focused on raising funding for public expenditure programs that contribute to achieving several objectives, such as climate and environmental projects, energy efficiency, pollution prevention, sustainable agriculture, fishery and forestry, etc. The main objective of this paper is to provide a literature revision of the evolution of the issuance of GSS bonds in the LAC region and to analyze the economic growth of the countries which issue this type of bond. We will apply multiple linear regression to relate the economic growth of some countries of the LAC region with the variables proposed by the IFC Emerging Market Green Bonds Report (2019). It has been shown that the economic growth of the countries in the LAC region that are issuing GSS bonds is significantly related to the Sovereign Green Issuance (Total Planned), the ratio of Private Credit/GDP, and the Rule of Law Index. However, this research has had the limitation of the scarcity of available data in the LAC markets.MDPI202420242022info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10115/30587reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlosinstname:Universidad Rey Juan CarlosInglésAtribución 4.0 Internacionalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:burjcdigital.urjc.es:10115/305872026-06-24T12:48:17Z
dc.title.none.fl_str_mv The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
title The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
spellingShingle The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
bernabe, Lorena
economic growth
GSS bonds
sustainable finance
sustainable development goals
LatinAmerican and Caribbean markets
title_short The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
title_full The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
title_fullStr The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
title_full_unstemmed The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
title_sort The Impact of Sustainable Bond Issuances in the Economic Growth of the Latin American and Caribbean Countries
dc.creator.none.fl_str_mv bernabe, Lorena
Cruz Rambaud, Salvador
López Pascual, Joaquín
author bernabe, Lorena
author_facet bernabe, Lorena
Cruz Rambaud, Salvador
López Pascual, Joaquín
author_role author
author2 Cruz Rambaud, Salvador
López Pascual, Joaquín
author2_role author
author
dc.subject.none.fl_str_mv economic growth
GSS bonds
sustainable finance
sustainable development goals
LatinAmerican and Caribbean markets
topic economic growth
GSS bonds
sustainable finance
sustainable development goals
LatinAmerican and Caribbean markets
description There is beyond any doubt that Latin America is one of the most important emerging markets in the world, which has increased its importance in the last decades. In effect, the issues of green, social, and sustainability (GSS) bonds are gaining more and more importance in the Latin American and the Caribbean (LAC) financial markets. They are specifically focused on raising funding for public expenditure programs that contribute to achieving several objectives, such as climate and environmental projects, energy efficiency, pollution prevention, sustainable agriculture, fishery and forestry, etc. The main objective of this paper is to provide a literature revision of the evolution of the issuance of GSS bonds in the LAC region and to analyze the economic growth of the countries which issue this type of bond. We will apply multiple linear regression to relate the economic growth of some countries of the LAC region with the variables proposed by the IFC Emerging Market Green Bonds Report (2019). It has been shown that the economic growth of the countries in the LAC region that are issuing GSS bonds is significantly related to the Sovereign Green Issuance (Total Planned), the ratio of Private Credit/GDP, and the Rule of Law Index. However, this research has had the limitation of the scarcity of available data in the LAC markets.
publishDate 2022
dc.date.none.fl_str_mv 2022
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10115/30587
url https://hdl.handle.net/10115/30587
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI
publisher.none.fl_str_mv MDPI
dc.source.none.fl_str_mv reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
instname:Universidad Rey Juan Carlos
instname_str Universidad Rey Juan Carlos
reponame_str BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
collection BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812429

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