IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v208y2024ics0040162524005134.html
   My bibliography  Save this article

Analyzing the interplay between eco-friendly and Islamic digital currencies and green investments

Author

Listed:
  • Ghaemi Asl, Mahdi
  • Ben Jabeur, Sami
  • Ben Zaied, Younes

Abstract

This study aimed to provide a comprehensive understanding of the interplay between digital innovations and sustainable investments, specifically regarding their roles in promoting economic resilience and sustainability in the energy sector. To this end, the present study examined the possible consequences of the widespread use of energy-intensive crypto-asset technologies, focusing on those that rely heavily on non-renewable energy sources. The analytical results demonstrated that the interconnectedness between cryptocurrency-based digital innovations and sustainable investments was most pronounced in bull markets characterized by high returns and upper tails, except for the Dash Green market. Bitcoin and Stellar exhibited the strongest connections with eco-friendly financial ventures across various market states, indicating their robust interplay with sustainable portfolios. The total connectedness index using an Elman neural network revealed that higher non-linear dynamic information was associated with green-synthesized cryptocurrency-driven innovations, compared with other digital innovations. This study contributes to scholarly understanding of the interconnectedness between cryptocurrency-based digital innovations and sustainable investments by elucidating their dynamics under different market conditions. These findings underscore the need for further analysis to fully comprehend the intricate relationship between these assets, particularly across different quantile levels, as well as to inform sound investment decisions in sustainable finance.

Suggested Citation

  • Ghaemi Asl, Mahdi & Ben Jabeur, Sami & Ben Zaied, Younes, 2024. "Analyzing the interplay between eco-friendly and Islamic digital currencies and green investments," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    • Handle: RePEc:eee:tefoso:v:208:y:2024:i:c:s0040162524005134
    DOI: 10.1016/j.techfore.2024.123715
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162524005134
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2024.123715?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:s0040162524005134. 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.