This study examines the impact of digital finance on green technological innovation (GTEC_INV) using panel data from 11 countries spanning 2010–2023, including developed, emerging, developing, transition, and small-island economies. Using unit root and cross-sectional dependence tests together with a system GMM estimator, the study addresses heterogeneity and endogeneity in the digital finance–green innovation relationship. The results show that digital financial services have a positive and statistically significant effect on GTEC_INV with a coefficient of 0.3457 at the 1% significance level. Economic growth and R&D investment also promote green innovation, while industrial dependence shows a negative effect. These findings suggest that digital finance enhances access to funding, supports sustainable technological development, and complements innovation-oriented economic structures. The study contributes to the literature by providing cross-country evidence across diverse economic contexts rather than focusing on a single country or region. The findings also highlight uneven benefits across countries, implying that policy support is needed to strengthen digital infrastructure, financial inclusion, and green innovation capacity in less-developed settings.
This study investigates how ICT influences the relationship between green innovation and green growth in selected African economies. Despite the recognised importance of green innovation for sustainable development, its impact in Africa is constrained by weak innovation systems, limited digital infrastructure, and inst...
Sibusiso Khoza, Mduduzi Biyase, N. Nzimande et al.· Sustainability· 0 citations
This article looks at the contribution of green bond financing and digital financial inclusion towards economic growth in the wider context of inclusive and sustainable development.
The study uses a dynamic panel System Generalised Method of Moments model to tackle endogeneity and dynamic bias using a panel...
A. Chauhan, N. Parashar, Tarika Singh Sikarwar· American Journal of Business· 0 citations
Abstract In the context of climate change and the growing need for sustainable development, green finance and technological innovation have become important instruments for achieving economic growth while ensuring environmental protection. This study investigates the effects of green finance and technological innovatio...
T. Phạm, Thi Thu Huong Tran, Thi Thanh Lan Ngo et al.· Economics· 0 citations
This study explores the relationship between technological innovation and production efficiency across Arab economies within a comparative global framework. Utilizing panel data covering the period 2011-2024, the analysis assesses how innovation inputs, determined by the Global Innovation Index (GII) Input Sub-Index, i...
Sareh Rotabi· INTERNATIONAL CONGRESS FROM...· 0 citations
Purpose: This study examines the relationship between technological innovation, economic growth, and sustainable development in Belt and Road Initiative (BRI) countries. Given the economic, institutional, and developmental diversity of BRI economies, understanding how innovation and growth contribute to sustainability...
Sadia Masood· Sustainable Business and Soc...· 0 citations
South Africa’s low-carbon transition depends critically on firms’ ability to improve green technological innovation efficiency (GTIE), which is essential for cleaner production and long-term emissions mitigation. However, whether market-based ESG ratings promote green technological innovation efficiency remains underex...
