| Title | Role of financial inclusion, green innovation, and energy efficiency for environmental performance? Evidence from developed and emerging economies in the lens of sustainable development |
|---|---|
| ID_Doc | 31643 |
| Authors | Anu; Singh, AK; Raza, SA; Nakonieczny, J; Shahzad, U |
| Title | Role of financial inclusion, green innovation, and energy efficiency for environmental performance? Evidence from developed and emerging economies in the lens of sustainable development |
| Year | 2023 |
| Published | |
| Abstract | In recent years, the importance of identifying the determinants of environmental performance has acknowledged huge importance from the academicians. This study expands the horizon of this debate by introducing new potential determinants of environmental performance. In doing so, the authors study the impacts of financial inclusion, green innovation, and energy efficiency on ecological issues. The prime objective of this study is to report some novel findings and implications regarding structural change of economy, green innovation and industry related factors in context of sustainable development. The authors use the annual data of variables from 2000 to 2018, and employ the novel quantile regression method. Notable, the results mention that industrial growth and financial inclusion positively induce ecological footprints. The results show that impact of financial inclusion increases with higher quantiles, implying that financial inclusion induces higher ecological footprint in countries with already higher ecological footprint levels than those with lower ecological footprint levels. The study suggest that policymakers must introduce proper policies to improve the financial system, which has important implications for renewable and clean energies. The developed economies should focus heavily on increasing green patents to the point where the positive results of such technologies in the form of less or carbon -neutral processes begin to pour in. It is also critical to transition industrial economies to carbon-free technologies, as industrial output is a key contributor to the growing ecological footprint. |
Similar Articles
| ID | Score | Article |
|---|---|---|
31562
|
Lisha, L; Mousa, S; Arnone, G; Muda, I; Huerta-Soto, R; Zhai, SM Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS(2023) | |
| 35586
|
Ma, MJ; Zhu, X; Liu, MS; Huang, XD Combining the role of green finance and environmental sustainability on green economic growth: Evidence from G-20 economies(2023) | |
| 64572
|
Hodzic, S; Sikic, TF; Dogan, E Green environment in the EU countries: The role of financial inclusion, natural resources and energy intensity(2023) | |
| 35650
|
Khan, MN; Bin Omar, A; Azizan, NA; Abidin, SZ The Role of Green Finance and Green Technology in Improving Environmental Performance Across OECD Economies: An in-depth Investigation Using Advanced Quantile Modeling(2023)Cuadernos De Economia, 46, 132 | |
| 31413
|
Wu, H; Fareed, Z; Wolanin, E; Rozkrut, D; Hajduk-Stelmachowicz, M Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era(2022) | |
| 31575
|
Ahmad, M; Wu, YY Combined role of green productivity growth, economic globalization, and eco-innovation in achieving ecological sustainability for OECD economies(2022) | |
| 31166
|
Chen, YH; Zhou, Y; Raza, SA; Sarwar, S What we learn from nexus between greener growth and energy-related emissions: Sustainability perspective evidence in context of financial globalization(2024)Geological Journal, 59, 2 | |
| 31726
|
Sajjad, S; Bhuiyan, RA; Dwyer, RJ; Bashir, A; Zhang, CY Balancing prosperity and sustainability: unraveling financial risks and green finance through a COP27 lens(2024)Studies In Economics And Finance, 41, 3 | |
| 35442
|
Ramzan, M; Abbasi, KR; Salman, A; Dagar, V; Alvarado, R; Kagzi, M Towards the dream of go green: An empirical importance of green innovation and financial depth for environmental neutrality in world's top 10 greenest economies(2023) | |
| 33652
|
Ahmad, M; Satrovic, E Relating fiscal decentralization and financial inclusion to environmental sustainability: Criticality of natural resources(2023) |