| dc.description.abstract | Green finance has been found to be essential in resolving environmental
problems so as to further promote natural sustainability across economies. This stable
development is found to have a relationship with economic growth, particularly in
countries that desire sustainable growth. In the case that green finance is substantially
known to discover whether have an effect on economic growth, this scholar has
contributed to the light of the association between green funding and economic
development through countries through a new dataset. In this paper, the investigation
focuses on the impacts of green finance (GF) along with other traditional economic
variables on economic growth (ECG). For further exploration, the related data are
collected to serve this observation. In this finding, a dataset is gathered mainly from
the World Bank from 2000 to 2019. This range is standardized enough for
international research which is helpful for upcoming arrivals of investigation in this
area. Generated the result using the Mean Group (MG) estimator as a baseline
estimation, showing that green finance significantly did not promote growth rate
within nations during the witnessed period. It then found out that the other traditional
economic variables such as income level, trade openness and government
consumption also had a negative impact on economic growth. In contrast, financial
development is illustrated to positively affect emergent markets. The rest of the
variables- economic freedom, urbanization and inflation show an insignificant
relationship with economic growth. The scholar contributes to the literature review for
policymakers and businesses discussion in a sample of nations to promote green
finance, a vital driver to sustainable development goals. | en_US |
