Enrichment of Environmental Sustainable Development, Green Finance, and Economic Complexity for Reduction of Ecological Footprints

Nguyen Hong Yen () and Nguyen Thi Thanh Huyen ()
Additional contact information
Nguyen Hong Yen: Banking Academy of Vietnam, Hanoi, Vietnam
Nguyen Thi Thanh Huyen: National Economics University, Hanoi, Vietnam

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 4, 11-23

Abstract: Green finance is anticipated to play a crucial role in balancing environmental sustainability with economic growth, enabling the growth of several industries. Using data from 41 countries between 2004 and 2022 and a Panel Vector Autoregressive (PVAR), the analysis shows that the impact of green finance and CO2 on economic complexity was positive in the whole period, while the reverse relationships were negative in the whole period. Meanwhile, green finance positively impacts CO2 in the whole period, and vice versa. This emphasizes the need for stronger, more thoughtfully crafted regulations that strike a balance between sustainability and economic expansion.

Keywords: Economic Complexity; Institutional Quality; Panel Vector Autoregressive; Green Financing; Global Countries (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijeep/article/download/19266/8935 (application/pdf)

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:v:15:y:2025:i:4:id:19266

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

DOI: 10.32479/ijeep.19266

Access Statistics for this article

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