The Impact of Green Finance, FinTech and Digital Economy on Environmental Sustainability: Evidence from Advanced Panel Techniques

Abdulhadi Ibrahim, Nashat Ali Almasria, Faozi A. Almaqtari, Omar Al-Kasasbeh, Zaidoon Alhatabat and Diala Ershaid
Additional contact information
Abdulhadi Ibrahim: Business Faculty, A’sharqiyah University, Ibra, Oman
Nashat Ali Almasria: Business Faculty, A’sharqiyah University, Ibra, Oman
Faozi A. Almaqtari: Business Faculty, A’sharqiyah University, Ibra, Oman
Omar Al-Kasasbeh: Faculty of Business, Amman Arab University, Amman, Jordan
Zaidoon Alhatabat: Faculty of Business, Arab Open University, Amman, Jordan
Diala Ershaid: Faculty of Business, Arab Open University, Amman, Jordan

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 6, 621-627

Abstract: Improving environmental sustainability is a crucial priority for economies to further global progress. The United Nations General Assembly has proposed enhancing environmental sustainability by adopting the SDG-7 recommendations. This study investigates the effect of green finance, fintech and digital economy on environmental sustainability utilizing panel data between 2013 and 2023 in Middle Eastern countries: Saudi Arabia, Turkey, Kuwait, United Arab Emirates and Qatar. For the analysis, panel unit root test, panel cointegration test and Pairwise Dumitrescu-Hurlin panel Causality tests were done. Our empirical results show that cointegration is among the variables that were analyzed. Green finance, digital economy, and FinTech are closely interrelated. The outcomes may provide helpful knowledge regarding the development of environmental sustainability. Policymakers are recommended to formulate feasible and energy system-compatible policies to provide green funding to the energy systems of Middle Eastern countries with maximum convenience.

Keywords: Digital Economy; FinTech; Environmental Sustainability; Middle East (search for similar items in EconPapers)
JEL-codes: F1 F13 O13 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/17180/8379 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/17180 (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:eco:journ2:2024-06-61

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().