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Assessing Financial Development's and Green Technological Innovation Impact on Environmental Quality in India: a Model-based Approach

Year: 2025

Type: article

Abstract: Several studies have explored the relationship between environmental degradation and economic growth or financial development and green technology using panel data.However, most of these studies have not considered the impact of financial developments and institutional quality in individual countries using time series data.This study explores how financial development-encompassing factors such as broad money, domestic credit to the private sector, foreign direct investment (FDI), and green technological innovation-affects carbon emissions in India, using data from 2001 to 2023.Utilizing sophisticated econometric techniques including the NARDL model and robustness checks through FMOLS and DOLS models, the research reveals that financial development can have a dual impact.On one hand, well-structured financial

Source: INTERNATIONAL JOURNAL OF MANAGEMENT

DOI: 10.34218/ijm_16_01_014

Authors: Mohammad Shareef, Waseem Ahmad, Shoaib Ansari

Institutions: Abeda Inamdar Senior College of Arts, Science and Commerce, Savitribai Phule Pune University

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4407528206

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