Corrigendum: Do environmental quality, financial inclusion and good governance ensure the FDI sustainably in belt and road countries? Evidence from an application of CS-ARDL and NARDL

Jinru, Long; Qamruzzaman, Md.; Hangyu, Wu; Kler, Rajnish

doi:10.3389/fenvs.2023.1154295

Cited by 15 publications

(19 citation statements)

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“…The study establishes a positive, statistically significant association, suggesting that continual foreign capital inflows induce the scope of financial services available to the population. The study findings align with the existing literature [1,13,88,128,129]. Specifically, a 10% growth in FDI inflows can augment the speed of unbanked population inclusion into a formal system by 3.19% in GMM estimation and 2.55% in system-GMM estimation by offering a diversified financial services economy.…”

Section: Plos Onesupporting

confidence: 87%

Does financial innovation foster financial inclusion in Arab world? examining the nexus between financial innovation, FDI, remittances, trade openness, and gross capital formation

Qamruzzaman

2023

PLoS ONE

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The present paper aims to study the impacts of financial innovation on financial inclusion for selected 22 Arab countries from 2004 to 2020. It considers financial inclusion as a dependent variable. It describes ATMs and the number of commercial banks’ depositors as proxy variables. In contrast, financial inclusion is considered an independent variable. We used the ratio between broad and narrow money to describe it. We employ several statistical tests such as lm, Pesaran, and shin W-stat, a- tests for cross-section dependence, and unit root and panel granger causality with NARDL and system GMM approaches. The empirical results reveal the significant nexus between these two variables. The outcomes suggest that adaptation and diffusion of financial innovation play catalyst roles in bringing unbanked people into the financial network. In comparison, the inflows of FDI establish mixed positive and negative effects, which vary with model estimation following different econometrical tools. It is also revealed that FDI inflow can augment the financial inclusion process, and trade openness can play a directive role and enhance the financial inclusion process. These findings suggest that financial innovation, trade openness, and institutional quality should continue in the selected countries to enhance financial inclusion and promote capital formation in the selected countries.

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Section: Plos Onesupporting

confidence: 87%

Does financial innovation foster financial inclusion in Arab world? examining the nexus between financial innovation, FDI, remittances, trade openness, and gross capital formation

Qamruzzaman

2023

PLoS ONE

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“…Findings suggest that ease of access to financial services and products in the financial system is a driving factor in the minds of migrants who send remittances; conversely, financial inefficiency, restriction in availing financial services discourages and negatively affects remittances inflows to the economy. (61,(111)(112)(113)(114).…”

Section: Resultsmentioning

confidence: 99%

Does economic policy uncertainty influences personal remittances: Evidences from AARDL and NARDL

Qamruzzaman¹

2023

World J. Adv. Res. Rev.

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The purpose of this research is to investigate the impact of economic policy uncertainty (EPU) and financial inclusion (FI) on remittances in India and China over the 15-year period beginning in the first quarter of 2003 and ending in the fourth quarter of 2019 using augmented ARDL, non-augmented ARDL, and the fourier causality test. The results of stationary tests demonstrate that variables are integrated in a non-linear fashion, indicating that variables become stationary at a level or after the first difference. The long-run connection in the empirical equation was established by the use of combined cointegration and the AARDL test. When looking at the long-run coefficients of EPU and FI, it was shown that there is a positive and statistically significant correlation between remittances inflows and the economy. An asymmetry connection between EPU, FI, and remittances was shown to exist in both the long-run and the short-run when using nonlinear estimates. The causality test also demonstrates that there are directional effects accessible between FDI, GLO, and remittances; however, the direction of these impacts varies depending on the economy. A robustness test was conducted in the research using dynamic OLS, completely modified OLS, and CCR regression.

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“…One of the essential strategies to encourage the adoption of renewable energy sources is financial openness, which explains the capacity of a nation to integrate renewable energy sources such as solar, wind, and hydroelectric power into its energy system is determined by its financial accessibility and ability to attract FDI, offering us hope that we may minimize our dependence on fossil fuels and the harm they cause. Foreign direct investment [FDI] in a more established renewable energy industry may also teach developing nations a lot [FDI] [ 124 , 125 , 141 , 142 ]. This information sharing contributes to a greater worldwide utilization of renewable energy sources.…”

Section: Discussion Of the Study Findingsmentioning

confidence: 99%

The role of ICT investment, digital financial inclusion, and environmental tax in promoting sustainable energy development in the MENA region: Evidences with Dynamic Common Correlated Effects (DCE) and instrumental variable-adjusted DCE

Xiangling,

Qamruzzaman

2024

PLoS ONE

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His research investigates the interplay among investment in Information and Communication Technology [ICT], digital financial inclusion, environmental tax policies, and their impact on the progression of sustainable energy development within the Middle East and North Africa [MENA] region. Recognizing the distinctive hurdles impeding sustainable energy advancement, effective policy formulation and implementation in MENA necessitate a comprehensive understanding of these variables. Employing a Dynamic Common Correlated Effects [DCE] model alongside an instrumental variable-adjusted DCE approach, this study explores the relationship between ICT investment, digital financial inclusion, environmental tax, and sustainable energy development. The DCE model facilitates the analysis of dynamic effects and potential correlations, while the instrumental variable-adjusted DCE model addresses issues pertaining to endogeneity. The results indicate that both ICT investment and the promotion of digital financial inclusion significantly and positively impact sustainable energy development in the MENA region. Additionally, the study underscores the importance of environmental tax implementation in fostering sustainable energy advancement, highlighting the critical role of environmental policy interventions. Based on these findings, governmental prioritization of ICT investment and initiatives for digital financial service integration is recommended to bolster sustainable energy growth in MENA. Furthermore, the adoption of efficient environmental tax measures is essential to incentivize sustainable energy practices and mitigate environmental degradation. These policy recommendations aim to create a conducive environment for sustainable energy progression in the MENA region, contributing to both economic prosperity and environmental conservation.

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Corrigendum: Do environmental quality, financial inclusion and good governance ensure the FDI sustainably in belt and road countries? Evidence from an application of CS-ARDL and NARDL

Abstract: A Corrigendum on: Do environmental quality, financial inclusion and good governance ensure the FDI sustainably in belt and road countries? Evidence from an application of CS-ARDL and NARDL

Cited by 15 publications

References 0 publications

Does financial innovation foster financial inclusion in Arab world? examining the nexus between financial innovation, FDI, remittances, trade openness, and gross capital formation

Does financial innovation foster financial inclusion in Arab world? examining the nexus between financial innovation, FDI, remittances, trade openness, and gross capital formation

Does economic policy uncertainty influences personal remittances: Evidences from AARDL and NARDL

The role of ICT investment, digital financial inclusion, and environmental tax in promoting sustainable energy development in the MENA region: Evidences with Dynamic Common Correlated Effects (DCE) and instrumental variable-adjusted DCE

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