IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v208y2024ics0040162524005043.html
   My bibliography  Save this article

The impact of green finance funds on industrial productivity cycles: Evidence from developing economies

Author

Listed:
  • Lin, Tsung-Xian
  • Li, Ling
  • Padhan, Hemachandra
  • Pruseth, Sujit Kumar
  • Patel, Gupteswar
  • Haouas, Ilham

Abstract

This paper explores the impact of the Global Climate Finance Fund, including the Adaptation Finance Fund and Mitigation Finance Fund, on industrial productivity from 2000 to 2019 in 73 developing economies. The findings indicate that robust green finance positively affects industrial productivity in developing economies. In addition, it is found that green finance's positive effects on industrial productivity occur in the middle up to 0.70 quantiles. On the contrary, the magnitude turns negatively on the upper quantiles beyond 0.70. These findings indicated that the governments of developing economies should prioritize green projects over non-green projects to ensure sustainable development in the future. Indeed, developing economies should reform financial regulation to encourage bank and non-bank financial institutions to expand green financing in their credit portfolio.

Suggested Citation

  • Lin, Tsung-Xian & Li, Ling & Padhan, Hemachandra & Pruseth, Sujit Kumar & Patel, Gupteswar & Haouas, Ilham, 2024. "The impact of green finance funds on industrial productivity cycles: Evidence from developing economies," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    • Handle: RePEc:eee:tefoso:v:208:y:2024:i:c:s0040162524005043
    DOI: 10.1016/j.techfore.2024.123706
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162524005043
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2024.123706?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.

    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:tefoso:v:208:y:2024:i:c:s0040162524005043. 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.sciencedirect.com/science/journal/00401625 .

    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.