The Role of Financial Inclusion, Green Investment and Green Credit on Sustainable Economic Development: Evidence from Vietnam
Authors: Nguyen Van Hoa, Phung Van Hien, Nguyen Cong Tiep, Nguyen Thi Xuan Huong, Tran Thi Hoang Mai, Pham Thi Lan Phuong
Cuadernos de Economía (Spanish Journal of Economics and Finance)
: Volume 45, Issue 127 : 1-10
Publishing year: 3/2022
Recently, sustainable economic development (SED) has become an international
UHTXLUHPHQWGXHWRWKHXQFHUWDLQW\RIWKHHQYLURQPHQWDQGQHHGVUHVHDUFKHUV·DWWHQWLRQ+HQFH
the current article investigates the impact of financial inclusion, green investment and green credit
on the SED of Vietnam. The current study has used secondary sources for the secondary data
collection such as World Banks Indicators (WDI), State Bank of Vietnam and General Statistics
Office of Vietnam and data extracted from 1986 to 2020. The article has used the Augmented
Dickey-Fuller (ADF) test to examine the stationarity and autoregressive distributed lag (ARDL) to
investigate the association among variables. The results exposed that financial inclusion, green
investment and green credit have a significant and positive association with the SED of Vietnam.
This article guides future researchers while examining this area and provides directions to the
regulators while establishing new policies related to SED achievement using financial inclusion.
Financial inclusion, green investment, green credit, sustainable economic development.