Does digital financial inclusion matter for economic growth and environmental sustainability in OBRI economies? An empirical analysis

Article Operations Research & Management Science

Investigation of finance industry on risk awareness model and digital economic growth

Yanyu Chen et al.

Summary: This article discusses the importance of financial risk, digital financial services, and digital financial inclusion, as well as the role of digital technology in improving financial inclusion and promoting economic growth.

ANNALS OF OPERATIONS RESEARCH (2023)

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Article Development Studies

Financial inclusion and green economic efficiency: evidence from China

Li Wang et al.

Summary: This study examines the relationship between financial inclusion and green economy in China, finding that the development of financial inclusion can enhance green economic efficiency, mainly through strengthening credit constraints on high-polluting firms. The findings provide implications for implementing financial development policies and maintaining a balanced relationship between the government, financial institutions, and firms.

JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT (2022)

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Article Green & Sustainable Science & Technology

Considering the asymmetric effect of financial deepening on environmental quality in BRICS economies: Policy options for the green economy

Xiaolong Li et al.

Summary: This study examines the relationship between financial deepening and environmental quality in BRICS economies. The findings suggest that financial deepening has a positive impact on environmental quality in the long run, but financial institution deepening and financial market deepening lead to increased CO2 emissions, harming the environmental quality. Additionally, the impact of financial deepening on CO2 emissions is asymmetric.

JOURNAL OF CLEANER PRODUCTION (2022)

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Article Business

Sustainable economic development in India: The dynamics between financial inclusion, ICT development, and economic growth

Rudra P. Pradhan et al.

Summary: The paper examines the shortrun and long-run dynamics between economic growth, financial inclusion initiatives, and ICT infrastructure development in 20 Indian states from 1991 to 2018. Using the Granger-causality technique, evidence of strong temporal causality between these variables in the short and long term is demonstrated. The empirical results suggest that careful coordination of ICT infrastructure development, financial inclusion initiatives, and economic growth strategies is crucial for sustainable economic development in these Indian states.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2021)

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Article Business, Finance

Does financial structure affect CO2 emissions? Evidence from G20 countries

Xingyuan Yao et al.

Summary: This study reveals that financial structure has different impacts on CO2 emissions in developed and developing countries. The ratio of direct to indirect financing shows opposite correlations with carbon emissions in these two types of countries, and the interaction between financial structure and total factor productivity is positively correlated with carbon emissions in developing countries.

FINANCE RESEARCH LETTERS (2021)

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Article Development Studies

Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output

Lingui Qin et al.

Summary: The study reveals that financial inclusion is linked to reducing carbon dioxide emissions, but cannot explain a portion of the emission level variations; globalization and renewable energy electricity can reduce emissions at all quantiles; E7 countries support the Environmental Kuznets Curve hypothesis in all quantiles.

SUSTAINABLE DEVELOPMENT (2021)

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Article Environmental Sciences

Green logistics, economic growth, and environmental quality: evidence from one belt and road initiative economies

Xiaolong Li et al.

Summary: The significance of global green logistics in improving economic growth and environmental quality is evident, but requires targeted policy measures for effective implementation.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2021)

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Article Construction & Building Technology

Does financial inclusion, renewable and non-renewable energy utilization accelerate ecological footprints and economic growth? Fresh evidence from 15 highest emitting countries

Muhammad Usman et al.

Summary: The study found that financial development, renewable energy, and trade openness significantly contribute to reducing environmental degradation, while economic growth and non-renewable energy utilization are more responsible for environmental damages. In the growth function, financial development and energy utilization have a significant promoting effect on economic growth. Lastly, some policy suggestions and future research directions were discussed for these economies.

SUSTAINABLE CITIES AND SOCIETY (2021)

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Article Economics

The impact of informality on inclusive growth in Sub-Saharan Africa: Does financial inclusion matter?

Mary Amponsah et al.

Summary: This study investigates the determinants of inclusive growth in Sub-Saharan Africa using panel data analysis, finding an inverted U-shaped relationship between financial inclusion and inclusive growth. The moderating role of financial inclusion in the relationship between informality and inclusive growth is found to be mixed.

JOURNAL OF POLICY MODELING (2021)

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Article Social Issues

Does ICT have symmetric or asymmetric effects on CO2 emissions? Evidence from selected Asian economies

Ahmed Usman et al.

Summary: This study investigates the impact of ICT on CO2 emissions in 9 Asian economies and finds that the asymmetric effects of ICT on CO2 emissions are strengthened over time, which has significant implications for environmental protection.

TECHNOLOGY IN SOCIETY (2021)

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Article Economics

Public spending and green economic growth in BRI region: Mediating role of green finance

Dongyang Zhang et al.

Summary: The study found that public spending on education, research, and development (R&D) has fluctuating impacts on green economic growth and energy efficiency in Belt and Road Initiative (BRI) member countries, mainly due to non-serious nature of government policies. The research also revealed that investment in human resources and green energy technologies can lead to a sustainable green economy through labor and technology-oriented production activities.

ENERGY POLICY (2021)

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Article Environmental Sciences

Examining the direct and indirect effects of financial development on CO2 emissions for 88 developing countries

Muhammad Khan et al.

Summary: This study addresses the conflicting outcomes in previous literature on the relationship between financial development and CO2 emissions. It finds that financial development plays a pollution inhibiting role in developing countries and validates the existence of EKC hypothesis. Additionally, financial development reduces the adverse effects of income, trade openness, and FDI on pollution emissions.

JOURNAL OF ENVIRONMENTAL MANAGEMENT (2021)

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Proceedings Paper Computer Science, Artificial Intelligence

Digital Financial Inclusion and Economic Growth: A Cross-country Study

Yan Shen et al.

Summary: This study constructs a digital financial inclusion evaluation system and finds that digital financial inclusion has a significantly positive effect on economic growth, with spatial spillover effects on neighboring countries.

2020 INTERNATIONAL CONFERENCE ON IDENTIFICATION, INFORMATION AND KNOWLEDGE IN THE INTERNET OF THINGS (IIKI2020) (2021)

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Article Economics

Digital financial inclusion and economic growth: provincial data analysis of China

Mahmood Ahmad et al.

Summary: The rapid expansion of digital financial inclusion in China has significantly improved the accessibility and affordability of financial services, contributing to higher economic growth. Human capital also plays a crucial role in influencing provincial economic growth in China.

CHINA ECONOMIC JOURNAL (2021)

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Article Business, Finance

Financial inclusion and stability in the Asian region using bank-level data

Duc Hong Vo et al.

Summary: Financial inclusion plays a crucial role in driving human development, supporting inclusive growth, and promoting financial market stability. Providing access to financial services for unbanked adults can significantly contribute to their economic development and overall well-being.

BORSA ISTANBUL REVIEW (2021)

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Article Economics

Financial inclusion and energy poverty: Empirical evidence from Ghana

Isaac Koomson et al.

Summary: This study examines the effect of financial inclusion on energy poverty in Ghana using multidimensional measures, finding that an increase in financial inclusion is associated with a decrease in household energy poverty. Results show consistency across different quasi-experimental methods, with a more significant impact on rural and male-headed households. Consumption poverty and household net income are identified as potential channels through which financial inclusion influences energy poverty.

ENERGY ECONOMICS (2021)

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Article Business, Finance

Exploring asymmetric relationship between Islamic banking development and economic growth in Pakistan: Fresh evidence from a non-linear ARDL approach

Assad Ullah et al.

Summary: The study found an asymmetric relationship between Islamic banking development and economic growth in Pakistan, with positive shocks having a significant positive association with economic growth in the long run, while only positive shocks had a significant positive relationship with economic growth in the short run. The interconnection between Islamic banking development and economic growth was asymmetric/non-linear in the long run, but symmetric/linear in the short run. Non-linear models provide more realistic results by capturing hidden asymmetries, helping policymakers make useful decisions.

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS (2021)

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Article Thermodynamics