Money talks, green walks: Does financial inclusion promote green sustainability in Africa?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10490446" target="_blank" >RIV/00216208:11230/25:10490446 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=yUijx.1Mcb" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=yUijx.1Mcb</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.gfj.2024.101070" target="_blank" >10.1016/j.gfj.2024.101070</a>
Alternative languages
Result language
angličtina
Original language name
Money talks, green walks: Does financial inclusion promote green sustainability in Africa?
Original language description
This study explores the dynamic relationship between financial inclusion and green sustainabilityacross 38 African countries. We construct an environmental pollution index and a financial inclusion index covering the period 2000-2021 to account for the several dimensions within bothindicators and employ them in the System GMM approach. We also test for intra-regional heterogeneity in Africa. Our empirical results show that financial inclusion, while economicallybeneficial, poses a significant risk of environmental degradation and has a distinctive inverted Ushaped relationship. A direct link between increases in financial inclusion and pollution alters at aturning point, beyond which further financial inclusion increases enhance green sustainability.The same pattern is observed for aggregate output. The results hold even when we control for ascore of macro-level determinants. Our analysis highlights intra-regional heterogeneity, revealingdifferences in impact across income levels and regional groups within Sub-Saharan Africa. Theseresults remain robust for alternative proxies of green sustainability. We offer valuable insights forpolicymakers to promote sustainability through inclusive financial practices and policies in SubSaharan Africa.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Global Finance Journal
ISSN
1044-0283
e-ISSN
1873-5665
Volume of the periodical
64
Issue of the periodical within the volume
March 2025
Country of publishing house
US - UNITED STATES
Number of pages
27
Pages from-to
1-27
UT code for WoS article
001403569700001
EID of the result in the Scopus database
2-s2.0-85212859104