The impact of green finance on green growth: The role of green energy and green production

• DOI: 10.1016/j.heliyon.2024.e36639
• Publication Date: 2024-08-23T09:54:06Z
• Authors: Duc Trung Nguyen; Tran Thi Kim Oanh; Thanh Dan Bui; Le Kieu Oanh Dao
• Keywords: Green growth

This study examines the linkage of green finance and growth under regulatory role energy production in 52 countries worldwide from 2005 to 2019. Applying Bayesian regression GMM regression, results these two methods are similar. When ignoring production, negatively impacts growth. result is entirely opposite when considering positively. However, more effective providing different posterior probability intervals ranges for independent variables affect dependent variable. Specifically, that financial has a negative impact on above 75.86 %. Similarly, energy, positive 80.45 % this 76.64 These findings imply should build system associated with goal thereby helping economy become greener.