Green Finance as a Catalyst of Sustainable Economic Growth: Panel Evidence From South Asia
持続可能な経済成長の触媒としてのグリーンファイナンス：南アジアのパネルエビデンス (AI 翻訳)
Jaishree, Satyanarayana Murthy Dogga
🤖 gxceed AI 要約
日本語
本研究は2002年から2022年までの8つの南アジア諸国を対象に、グリーンファイナンスが持続可能な経済成長に与える影響を分析。持続可能な経済成長指数（SEGI）を構築し、パネルARDLモデルを用いて長期均衡関係を確認。再生可能エネルギー消費や制度の質が正の効果を持つ一方、炭素排出は負の効果。双方向の因果関係も確認され、グリーンファイナンスの拡大と制度強化が持続可能性向上に寄与すると示唆。
English
This study examines the role of green finance in promoting sustainable economic growth across eight South Asian countries from 2002 to 2022. Using a Panel ARDL framework, it finds a stable long-run relationship, with renewable energy and institutional quality positively affecting sustainability, while carbon emissions have a negative effect. Bidirectional causality is confirmed, suggesting policy interventions to expand green finance and strengthen institutions.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本はアジアにおけるグリーンファイナンス推進やODAを通じた持続可能な開発に注力しており、本研究成果は南アジア地域での投資・政策判断に示唆を与える。日本のグリーン成長戦略やトランジションファイナンスの国際展開にも関連。
In the global GX context
This paper provides empirical evidence from South Asia on the green finance-growth nexus, relevant for global debates on climate finance effectiveness. It supports the rationale for international cooperation and institutional strengthening, aligning with frameworks like the Paris Agreement and SDGs.
👥 読者別の含意
🔬研究者:Provides panel evidence using the Panel ARDL approach for South Asia, useful for comparative studies or replication in other regions.
🏢実務担当者:Highlights the importance of institutional quality and political stability for green finance impact, guiding project selection in emerging markets.
🏛政策担当者:Supports policies to expand green financial products and strengthen regulatory frameworks to boost sustainable growth.
📄 Abstract（原文）
ABSTRACT This study examines the role of green finance in promoting sustainable economic growth across eight South Asian countries from 2002 to 2022. To capture multidimensional sustainability, a Sustainable Economic Growth Index (SEGI) is constructed, incorporating indicators of economic structure, economic efficiency and environmental quality. The results derived using a Panel Autoregressive Distributed Lag (Panel‐ARDL) framework confirm a stable long‐run relationship between green finance and sustainable economic growth. The model controls for GDP growth, renewable energy consumption, urbanisation, trade openness, political stability and institutional quality which positively influence sustainable economic growth, whereas carbon emissions exert a negative effect. The Dumitrescu–Hurlin causality test reveals bidirectional causality between green finance and sustainable economic growth. The study suggests that expanding green financial flows, strengthening institutions and maintaining political stability can enhance sustainability outcomes in South Asia, while regulated trade openness may support technology transfer and broader long‐term development.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.1002/sd.71172first seen 2026-05-14 23:20:15
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