2023
DOI: 10.3390/computation11100199
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Spillover Effects of Green Finance on Attaining Sustainable Development: Spatial Durbin Model

Aleksy Kwilinski,
Oleksii Lyulyov,
Tetyana Pimonenko

Abstract: Attaining sustainable development goals is a complex process that involves a range of economic, social, and environmental factors. It requires investments in infrastructure, technology, and human capital. In this case, green finance is conducive to channel investments toward sustainable projects and initiatives by providing incentives for environmentally friendly practices and technologies and by encouraging companies and investors to adopt sustainable business models. This paper aims to check the spatial spil… Show more

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Cited by 53 publications
(10 citation statements)
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References 68 publications
(103 reference statements)
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“…Green energy and associated The second cluster (green) merged the investigations of the ecological footprint, green investment, and green economy development (Figure 3). Green investment acts as a catalyst for the development and expansion of sustainable energy solutions [84][85][86]. Allocating financial resources to renewable energy projects, energy-efficient technologies, and ecofriendly initiatives enhances the capacity to transition toward a green economy [87][88][89].…”
Section: Resultsmentioning
confidence: 99%
“…Green energy and associated The second cluster (green) merged the investigations of the ecological footprint, green investment, and green economy development (Figure 3). Green investment acts as a catalyst for the development and expansion of sustainable energy solutions [84][85][86]. Allocating financial resources to renewable energy projects, energy-efficient technologies, and ecofriendly initiatives enhances the capacity to transition toward a green economy [87][88][89].…”
Section: Resultsmentioning
confidence: 99%
“…Strong environmental regulations may influence the energy industry's structure and intensity by promoting cleaner practices. The percentage of GDP spent on environmental protection indicates the government's commitment to sustainability: green investments (GFDIs) [147][148][149]. Representing green foreign direct investments, this variable incorporates the impact of foreign capital specifically targeted toward environmentally friendly initiatives.…”
Section: Methodsmentioning
confidence: 99%
“…The more commonly used spatial econometric models include spatial lag model (SLM), spatial error model (SEM) and spatial Durbin model (SDM). Spatial Durbin model can be converted into spatial lag model and spatial error model under certain conditions [ 30 ]. Since the purpose of this paper is to analyze the spatial spillover effect of regional logistics capacity and its influencing factors, this paper mainly focuses on whether it is possible to choose the spatial Durbin model that contains endogenous and exogenous interaction effects.…”
Section: Methodsmentioning
confidence: 99%