Affiliation:
1. Lahore College for Women University
2. Vietnam National University Hanoi
Abstract
Abstract
This research is an endeavor to improve the literature on ICT-financial development-environmental sustainability nexus by conducting an aggregated and disaggregated analysis on the role of financial development and ICT in attaining a sustainable environment. By employing a unique and comprehensive set of financial development and ICT indicators, this study offers an in-depth analysis of the role of financial development, ICT and especially their interactions in maintaining environmental sustainability in 30 Asian economies from 2006 to 2020. Results from two-step system GMM indicate that separately, both financial development and ICT are detrimental but together, their joint effects are beneficial to the environment. Several policy implications and recommendations are made to help policymakers to craft, design and implement appropriate policies to improve environmental quality.
JEL: C33; O33; Q43
Publisher
Research Square Platform LLC
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