IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v72y2025ics1544612324015253.html
   My bibliography  Save this article

Technological advancement and inclusive finance: Dual influences on environmental quality in OECD countries

Author

Listed:
  • Sun, Yunpeng
  • Wang, Miao
  • Mehmood, Usman
  • Wang, Yujing
  • Dan, Jiali

Abstract

Employing the Method of Moments Quantile Regression alongside fixed effects (FE) for robustness and incorporating an interaction term between technological advancement (TA) and financial inclusion (FIN), the results reveal that while TA enhances environmental quality, the FIN∗TA weakens this positive effect across quantiles. GDP and TO consistently show negative impacts on LCF. EP, however, emerges as a significant positive factor, particularly in more advanced economies. Incorporating the log(FIN2) demonstrates that financial inclusion's environmental benefits intensify in higher quantiles. Findings emphasize the importance of sustainable technological innovation, strategically integrating financial inclusion, regulating trade and economic activities, and enhancing energy productivity to achieve environmental sustainability.

Suggested Citation

  • Sun, Yunpeng & Wang, Miao & Mehmood, Usman & Wang, Yujing & Dan, Jiali, 2025. "Technological advancement and inclusive finance: Dual influences on environmental quality in OECD countries," Finance Research Letters, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015253
    DOI: 10.1016/j.frl.2024.106496
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324015253
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.106496?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Inclusive finance; COP28; Technological advancements; MMQR; OECD nations;
    All these keywords.

    JEL classification:

    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General
    • G00 - Financial Economics - - General - - - General
    • F18 - International Economics - - Trade - - - Trade and Environment
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.