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The Role of Financial Development and Technological Innovation for Sustainable Economic Development in Asian Countries

Year: 2024

Type: article

Abstract: The purpose of this study is to evaluate the impact that financial development has on sustainable development, together with the interaction of technical innovation, in 31 Asian economies throughout the period from 2003 to 2022. In the current study, sophisticated statistical models like Driscoll-Kraay (D-K) were utilised to make data analysis decisions. Based on the data, it is evident that sustainable development is negatively impacted by any financial progress. The data also suggests that technological innovation acts as a moderator in the relationship between financial development and sustainable development, which is another way in which it contributes to maintaining the relationship.

Source: The regional tribune.

DOI: 10.63062/trt/v24.018

Authors: Anila Shaheen Sabir, Vardah Ali Khan, Rizwana Hayat, Raja Abdul Monem Sabir, Shahzad Hussain

Institutions: Rawalpindi Women University, Iqra University, Iqra National University, Government of Pakistan

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Partnerships for the goals, Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4404446298

FWCI:

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