The Impact of Green Investment, Eco-Innovation, and Financial Inclusion on Sustainable Development: Evidence from China

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS

ACS Applied Bio Materials Pub Date : 2023-02-28 DOI:10.5755/j01.ee.34.1.32159

Fengsheng Chien

{"title":"The Impact of Green Investment, Eco-Innovation, and Financial Inclusion on Sustainable Development: Evidence from China","authors":"Fengsheng Chien","doi":"10.5755/j01.ee.34.1.32159","DOIUrl":null,"url":null,"abstract":"Recently, sustainable development is demanded to be a compulsory requirement by international communities due to environmental and economic instability, hence, encouraging scholars to explore various approaches through which countries could achieve it. In this lieu, the present article explores the concept of green investment, eco-innovation, and financial inclusion and their effectiveness on sustainable development in the context of China. The article has extracted the data from secondary sources like Organization for Economic Co-operation and Development (OECD), Bloomberg, and World Development Indicators (WDI) from 1991 to 2020. The study has applied the Bayesian Auto-regressive Distributed Lags (BARDL) model to check the association between the understudy constructs. The results exposed that the green investment, eco-innovation index, R&D expenditures, commercial bank branches, commercial bank depositors, and commercial bank borrowers have a positive and significant linkage with sustainable development (human development index) in China. The study guides policymakers in developing policies to enhance sustainable development using green investment, eco-innovation, and financial inclusion.","PeriodicalId":2,"journal":{"name":"ACS Applied Bio Materials","volume":null,"pages":null},"PeriodicalIF":4.6000,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"15","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ACS Applied Bio Materials","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.5755/j01.ee.34.1.32159","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"MATERIALS SCIENCE, BIOMATERIALS","Score":null,"Total":0}

引用次数: 15

Abstract

Recently, sustainable development is demanded to be a compulsory requirement by international communities due to environmental and economic instability, hence, encouraging scholars to explore various approaches through which countries could achieve it. In this lieu, the present article explores the concept of green investment, eco-innovation, and financial inclusion and their effectiveness on sustainable development in the context of China. The article has extracted the data from secondary sources like Organization for Economic Co-operation and Development (OECD), Bloomberg, and World Development Indicators (WDI) from 1991 to 2020. The study has applied the Bayesian Auto-regressive Distributed Lags (BARDL) model to check the association between the understudy constructs. The results exposed that the green investment, eco-innovation index, R&D expenditures, commercial bank branches, commercial bank depositors, and commercial bank borrowers have a positive and significant linkage with sustainable development (human development index) in China. The study guides policymakers in developing policies to enhance sustainable development using green investment, eco-innovation, and financial inclusion.

查看原文本刊更多论文

绿色投资、生态创新和普惠金融对可持续发展的影响:来自中国的证据

近年来，由于环境和经济的不稳定，可持续发展被要求成为国际社会的强制性要求，因此，鼓励学者探索各国实现可持续发展的各种途径。因此，本文探讨了绿色投资、生态创新和普惠金融的概念及其对中国可持续发展的影响。本文从经济合作与发展组织(OECD)、彭博社(Bloomberg)和世界发展指标(WDI)等二手资料中提取了1991年至2020年的数据。本研究采用贝叶斯自回归分布滞后(BARDL)模型检验替补构念之间的关联。结果表明，绿色投资、生态创新指数、研发支出、商业银行分支机构、商业银行存款人和商业银行借款人与中国可持续发展(人类发展指数)存在显著正相关关系。该研究指导决策者制定政策，利用绿色投资、生态创新和普惠金融促进可持续发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

ACS Applied Bio Materials Chemistry-Chemistry (all)

CiteScore

9.40

自引率

2.10%

发文量

464