Financial development plays an instrumental role in the process of economic growth and development through mobilization of savings and creating investment opportunities. Financial development also leads to enhance the level of technology by providing finance to entrepreneurs for technological innovations which leads to economic growth. This study examines the impact of financial development and technology on economic growth of selected South Asian countries over the time span 1984-2017. Due to endogeneity problem, the empirical model used in the study is estimated by System Generalized Method of Moment (System GMM). Empirical results indicated that financial development, technology and human capital have positive and significant impact on economic growth in developing South Asian countries. To attain a sustainable economic growth, South Asian countries should put their efforts to develop their financial market that stimulates economic growth by providing finance to entrepreneurs for innovations.
The construction of green finance index is a three-tiered process that involves macroeconomic, ecological, and monetary indicators. Therefore, this research is one of the first thorough assessments of the impacts of green financing regulations in China, examining 30 provinces during the period of 2010 to 2017. Data envelopment analysis models for 30 provinces in China have been tested by using non-radial models and longitudinal datasets. The findings demonstrate that between 2010 and 2017, the efficiency of China's provinces such as Beijing,
The purpose of this study is to explore energy prices and their impact on household consumption under the condition of Keynesian consumption theory in South Asian countries over the 1995–2020 periods. By employing the panel ordinary least square model estimation technique, the study attempted to find the relationship between household income and consumption under the theory of Keynesian consumption function. Furthermore, we investigated the relationship between household consumption and environmental sustainability, policy mix variables, and energy pricing. First of all, this study confirms the existence of Keynesian consumption theory in these economies of South Asia. Furthermore, energy pricing, environmental sustainability, and inflation rate are the factors that inducing toward high household consumption in South Asia. Considering the policy mix factors, inflation rate contribution positively while tax rate inducing this consumer for low household consumption. Based on the empirical analysis, this study suggested some parameters to these Asian economies particularly and other similar economies generally.
The global community has set intensive targets in Sustainable Development Goals (SDGs) to better people’s lives after closing the Millennium Development Goals (MDGs). It corresponds to the 2030 aspirations of the United Nations to enhance and promote the sustainable development of human society. The current paper explores the impact of fiscal hedging and R&D in energy Using a green-energy system in SDGs. To do this, we used TOPSIS and QARDL methodologies on a 21-year dataset of South and Southeast Asian economies from 2000 to 2020. The study results show that fiscal hedging contributes favourably to the environmental degradation of the underlying economy. Research and development (R&D) in renewables has contributed negatively to ecological degradation and SDGs in the economies of South & Southeast Asia. This study suggests policy guidelines for advanced and developing economies based on fiscal stability and technical innovation through R&D to meet SDG.
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