Dublin Core
Title
Assessing the influence of green finance, renewable energy and digitization in stimulating economic expansion: Lessons from emerging economies
Creator
Samuel Mensah Owusu, Patrick Acheampong
Description
This study investigates the determinants of economic expansion in the E7 nations—Brazil, China, India, Indonesia, Mexico, Russia, and Turkey—focusing on the interplay between carbon emissions (CEM), renewable energy consumption (REC), green finance (GFN), digitalization (DIG), and institutional quality (INQ). Using panel data spanning 1990–2020 sourced from the World Development Indicators and employing the Driscoll-Kraay standard error method for robust econometric analysis, the study provides novel insights into these factors. The findings reveal that carbon emissions significantly challenge sustainable growth, necessitating urgent environmental policy interventions. Digitalization is a major economic development catalyst, with enhanced ICT access and digital infrastructure driving productivity and innovation. Both renewable energy consumption and green finance are highlighted as pivotal in …
Publisher
Elsevier
Date
2025
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=KuGpI3oAAAAJ&citation_for_view=KuGpI3oAAAAJ:isC4tDSrTZIC
Language
English