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Financial development–green growth nexus in China: the role of technological capital

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Abstract

It is undeniable fact that financial development and technological capital are fundamental determinants that help in the achievement of green growth. This is important to explore the nexus between financial development, technological capital, and green growth in China. This study utilizes the quantile autoregressive distributed lag (QARDL) approach for exploring the effect of financial development and technological capital on green growth. The study measures financial development through financial market development and financial institutions development. The study concludes that technological progress and both measures of financial development produce a positive impact on green growth in China in most quantities in long run. The study provides various important policy suggestions that help in upgrading sustainable green growth in China.

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Data availability

The datasets used and/or analyzed during the current study are available from the corresponding author on reasonable request.

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Author information

Authors and Affiliations

  1. School of Environment, Tsinghua University, Beijing, 100084, China

    Wenjuan Zhao & Miao Chang

  2. School of International Trade and Economics, University of International Business and Economics, Beijing, 100029, China

    Jianhua Huangfu

  3. China Petroleum Planning & Engineering Institute, CPPEI, Beijing, 100089, China

    Lei Yu

  4. Pakistan Institute of Development Economics (PIDE) Islamabad, Islamabad, Pakistan

    Sidra Sohail

Authors
  1. Wenjuan Zhao
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  2. Jianhua Huangfu
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  3. Miao Chang
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  4. Lei Yu
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  5. Sidra Sohail
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Contributions

This idea was given by Wenjuan Zhao. Wenjuan Zhao, Jianhua Huangfu, and Miao Chang analyzed the data and wrote the complete paper, while Lei Yu and Sidra Sohail read and approved the final version.

Corresponding author

Correspondence to Jianhua Huangfu.

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Appendix

Appendix

Table 6

Table 6 Definitions and data sources
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Zhao, W., Huangfu, J., Chang, M. et al. Financial development–green growth nexus in China: the role of technological capital. Environ Sci Pollut Res 30, 67676–67685 (2023). https://doi.org/10.1007/s11356-023-26811-x

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  • DOI: https://doi.org/10.1007/s11356-023-26811-x

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