Impact of Climate-Finance on Economic Growth: Evidence from Panel Analysis

Luqmon O. Oladele
Additional contact information
Luqmon O. Oladele: Department of Economics, Rutgers University, New Brunswick, USA

Climate Economics and Finance, 2025, vol. 3, issue 1, 50-55

Abstract: The paper examines the impact of climate finance on economic growth using a panel of four selected countries (China, Indonesia, Egypt, and Turkey). The findings reveal that climate-related expenditure contributes positively to economic growth irrespective of the models considered (pooled model, fixed effects or random effects models). Similarly, the result also shows that frequency of climate-related disasters has a positive impact on economic growth. However, population is found to negatively impact economic growth. The findings underscore the need to see climate finance beyond merely a response to environmental risks but as a catalyst for inclusive and resilient economic transformation.

Keywords: Climate-Finance; Growth; Random Effects; Fixed Effects; Pooled Model (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.anserpress.org/journal/cef/3/1/12/pdf (application/pdf)
https://www.anserpress.org/journal/cef/3/1/12 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bba:j00011:v:3:y:2025:i:1:p:50-55:d:478

Access Statistics for this article

Climate Economics and Finance is currently edited by Ramona Wang

More articles in Climate Economics and Finance from Anser Press
Bibliographic data for series maintained by Ramona Wang ().