Analyzing the Financial Sector Nexus Economic Growth of Pakistan: New Insights from ARDL Approach

Kanwal, Amna; Hassan, Muzammal; Butt, Haris

doi:10.52131/joe.2023.0504.0167

Cited by 3 publications

(1 citation statement)

References 42 publications

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“…As FDI can boost economic development. This study is align with the study conducted by (Kanwal, Hassan, & Butt, 2023) (Kanwal, Khalid, & Alam, 2023).…”

Section: Figure 1: Fdi and Nominal Gdpsupporting

confidence: 89%

The Impact of Institutional Performance and Environmental Sustainability on Foreign Direct Investment in Pakistan

Arslan,

Kanwal,

Kazmi

et al. 2023

iRASD J. Eco.

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In the context of Pakistan, this study aims to investigate how environmental sustainability, institutional performance, financial inclusion, and economic growth interact with and affect foreign direct investment .to determine if there are substantial causal linkages or correlations between these factors, as well as how these independent variables affect FDI inflows and outflows in Pakistan. The study also intends to offer insights on how individuals and governments may support FDI in the Pakistani setting. The research uses time-series data collected from 1997 to 2022 from the (ICRG) and (WDI) .It uses NARDL modelling to analyses the dynamic relationships between FDI, environmental sustainability, institutional performance, financial inclusion, and economic growth in the context of Pakistan. Unit root tests are used to evaluate each factor's stationarity. It seeks to clarify the short- and long-term correlations between these factors by doing this. The NARDL approach reveals substantial discrepancies in the connection among independent variables and foreign direct investment. The study finds connections between FDI and the selected independent variables that are both short- and long-term with positive and negative shocks. Foreign direct investment (FDI) benefits from institutional performance and economic development in both the short and long run, although it is less immediately influenced by financial inclusion and environmental sustainability. This highlights not just the need for more research to explore the collateral advantages of sustainability and financial inclusion, but also the necessity of supporting institutions and economic growth to attract foreign direct investment. To attract more foreign direct investment, Pakistan may really promote measures that support economic growth and institutional effectiveness. This adds to the body of scholarly research and offers useful advice to stakeholders and policymakers who want to maximize FDI inflows while fostering inclusive and sustainable economic growth in Pakistan.

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“…As FDI can boost economic development. This study is align with the study conducted by (Kanwal, Hassan, & Butt, 2023) (Kanwal, Khalid, & Alam, 2023).…”

Section: Figure 1: Fdi and Nominal Gdpsupporting

confidence: 89%

The Impact of Institutional Performance and Environmental Sustainability on Foreign Direct Investment in Pakistan

Arslan,

Kanwal,

Kazmi

et al. 2023

iRASD J. Eco.

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Exploring the Nexus of Eco Digitalization, Financial Globalization, and Renewable Energy in Mitigating CO2 Emissions: A Review of China

Butt,

Sheikh

et al. 2023

BBE

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This study aims to investigate the perspectives offered by the literature about CO2 Emission on Eco Digitalization, Green Investment, Financial Globalization, and Renewable Energy in China. The available theoretical and empirical literature on the subject is examined and summarized in this work. It identifies the literature by drawing on theoretical and empirical insights from published literature in the second place. This article further clarified theoretical approaches that explain how and why these approaches’ function. Third, this paper suggests three productive areas for more study. This study adds to the body of knowledge on CO2 Emission on Eco Digitalization, Green Investment, Financial Globalization, and Renewable Energy in China by critically examining and combining previous theories and studies in the field.

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Examining the Influence of Green Finance, FinTech, and Environmental Innovation on Environmental Degradation in G-20 Nations: A Comprehensive Review

Shamim,

Raza,

Rahman

et al. 2023

BBE

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The main purpose of this study is to investigate the impacts of green finance, fintech, and environmental innovation on CO2 emissions of the G-20 countries. This study seeks to determine how these variables play a role in the environment and add to the existing literature on these variables. This study investigated the period comprising the years from 1990 to 2021. The purpose statement of the present study is determined and it develops a comprehensive analysis and integration of the current theoretical and empirical literature regarding previous literature. The purpose of this research is to summarize the association among green finance, fintech, financial inclusion, GDP and environmental innovation on CO2 emissions for the G-20 countries. In addition, this research aims to discover the existing literature by examining the theoretical frameworks as well as empirical evidence presented in published articles. Besides, the paper analyses the theoretical approaches that make the theoretical background transparent and show how the principles and mechanisms of the methods are interconnected. This research endeavours to be of great importance to the world of green finance, fintech, financial inclusion, GDP, and environmental innovation by means of undertaking an extensive literature review and synthesis utilizing current theories and studies dealing with the influence of green finance, fintech, financial inclusion, GDP, and environmental innovation on CO2 emissions in G-20 countries.

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Analyzing the Financial Sector Nexus Economic Growth of Pakistan: New Insights from ARDL Approach

Cited by 3 publications

References 42 publications

The Impact of Institutional Performance and Environmental Sustainability on Foreign Direct Investment in Pakistan

The Impact of Institutional Performance and Environmental Sustainability on Foreign Direct Investment in Pakistan

Exploring the Nexus of Eco Digitalization, Financial Globalization, and Renewable Energy in Mitigating CO2 Emissions: A Review of China

Examining the Influence of Green Finance, FinTech, and Environmental Innovation on Environmental Degradation in G-20 Nations: A Comprehensive Review

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