Exploring the Role of Financial Development on Green Growth: An Empirical Analysis of Causal Factors in OECD Economies

Büşra Ağan
{"title":"Exploring the Role of Financial Development on Green Growth: An Empirical Analysis of Causal Factors in OECD Economies","authors":"Büşra Ağan","doi":"10.36880/c15.02778","DOIUrl":null,"url":null,"abstract":"Green growth promotes new investment opportunities and economic growth and creates a financially sound environment for international organizations and policymakers. One of the important factors is financial development, which supports green growth by providing the necessary funds to invest in environmentally sustainable technologies and practices. This study aims to investigate the effect of financial development and economic, technological, and environmental determinants on the green growth economy. This study covers an annual panel dataset in OECD countries from 1990 to 2020 by utilizing dynamic panel data models. Based on the empirical findings, we conclude that these factors produce a positive impact on green growth. Our findings have important implications for sustainable development since economies transition to more sustainable practices and financial institutions have a critical role to play in supporting and driving this transition. The findings of this study corroborate the growth-led finance theory and encourage policymakers to boost their green growth policy effort.","PeriodicalId":486868,"journal":{"name":"Uluslararası Avrasya ekonomileri konferansı","volume":"15 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Uluslararası Avrasya ekonomileri konferansı","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.36880/c15.02778","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

Green growth promotes new investment opportunities and economic growth and creates a financially sound environment for international organizations and policymakers. One of the important factors is financial development, which supports green growth by providing the necessary funds to invest in environmentally sustainable technologies and practices. This study aims to investigate the effect of financial development and economic, technological, and environmental determinants on the green growth economy. This study covers an annual panel dataset in OECD countries from 1990 to 2020 by utilizing dynamic panel data models. Based on the empirical findings, we conclude that these factors produce a positive impact on green growth. Our findings have important implications for sustainable development since economies transition to more sustainable practices and financial institutions have a critical role to play in supporting and driving this transition. The findings of this study corroborate the growth-led finance theory and encourage policymakers to boost their green growth policy effort.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
探讨金融发展对绿色增长的作用:经合组织经济体因果关系的实证分析
绿色增长促进了新的投资机会和经济增长,并为国际组织和决策者创造了良好的金融环境。其中一个重要因素是金融发展,它通过提供必要的资金来投资于环境可持续的技术和实践,从而支持绿色增长。本研究旨在探讨金融发展与经济、技术和环境决定因素对绿色增长经济的影响。本研究采用动态面板数据模型,覆盖了经合组织国家1990年至2020年的年度面板数据集。基于实证研究结果,我们得出这些因素对绿色增长产生正向影响的结论。我们的研究结果对可持续发展具有重要意义,因为经济正在向更可持续的做法转型,金融机构在支持和推动这一转型方面可以发挥关键作用。这一研究结果证实了增长主导金融理论,并鼓励政策制定者加大绿色增长政策力度。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
Women Entrepreneurs Making a Difference in the Tourism Sector The Impact of Globalization on Female Employment: Econometric Evidence for the Selected Transition Countries Financial Methods To Promote International Industrial Cooperation Examination of the Relationship Between the Stock Market and Income Inequality by B-VAR Method Analysis of the Relationship between Consumer Confidence Index and Inflation in Türkiye
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1