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Green finance, social inclusion, and sustainable economic growth in OECD member countries

Economics

Green finance, social inclusion, and sustainable economic growth in OECD member countries

J. Han and H. Gao

Explore how social inclusion and green finance can influence sustainable growth across OECD nations in this insightful study by Jian Han and HaiYan Gao. While social factors show limited impact, discover the positive effects of green financial markets and investment on green development from 2010 to 2021.

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Playback language: English
Abstract
This study examines the impact of social inclusion and green finance on the sustainable growth of 31 OECD nations from 2010 to 2021. Using the fully modified OLS (FMOLS) methodology, the results show that social factors like poverty reduction and social inclusion do not significantly affect green economic prosperity in OECD countries with industry-focused economies. However, the expansion of green finance markets and green foreign direct investment positively contribute to green development. The study recommends that OECD countries prioritize developing green digital finance, exploring blockchain solutions, fostering green FDI, and promoting early warning economic systems.
Publisher
Humanities and Social Sciences Communications
Published On
Jan 20, 2024
Authors
Jian Han, HaiYan Gao
Tags
social inclusion
green finance
sustainable growth
OECD nations
green development
foreign direct investment
economic prosperity

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