The impact of natural resources, economic growth, savings, and current account balance on financial sector development: Theory and empirical evidence

An inquiry into urban carrying capacity of sustainable development demonstration belt of China: Multiscale evaluation and multidimensional interaction

“…Moreover, the factor of technological innovation, as an important aspect in modern factor market development, promotes industrial structure upgrading and high‐quality economic development (Su & Fan, 2022). Savings can accelerate economic development by stimulating investment activities and promoting financial prosperity (Çetin et al, 2023). The finding that factor market positively affects the industrial economy is in line with the results of Abdelmonem Lotfy Mohamed Kamal et al who applied the augmented Solow model and confirmed the contribution of savings, population growth rates, human capital, and capital to economic growth.…”

Renewable energy, economic freedom and economic policy uncertainty: New evidence from a dynamic panel threshold analysis for the G-7 and BRIC countries

“…According to the EKC hypothesis, a rise in real GDP per capita initially leads to an increase in CO 2 emissions in the first stages of economic growth due to the consumption of fossil fuels. Eventually, this leads to a decrease in CO 2 emissions after a certain turning point due to the adoption of eco-friendly technologies, policies, and cleaner energy demand (Dinda 2004 ; Soytas and Sari 2009 ; Aslan et al 2018 ; Destek and Sarkodie, 2019a ; Dogru et al 2019 ; Erdogan and Acaravci 2019 ; Kisswani et al 2019 ; Isik et al 2019a , b ; Destek et al, 2020a ; Destek and Sinha, 2020b ; Ongan et al 2020 ; Ongan et al 2022 , 2023 ; Ahmad et al, 2023 , 2022 , 2021a , b , c ; Alvarado et al 2021a , b , c , 2022a ; Işık et al 2020a , 2021a , b , 2022 ; Çetin et al, 2023 ; Jabeen et el., 2023 ). Therefore, the critical question is how countries can reach this turning point with a lower real GDP per capita and earlier.…”

Institutional quality, financial development and sustainable economic growth among lower income countries

“…Several researchers have considered associations between economic growth and financial development (Cetin et al, 2023; Kliestik et al, 2020; Liu et al, 2021; Pradhan et al, 2016; Sun & Tang, 2022). The findings on promising Granger causality between these two variables suggest four pathways.…”

“…The finance literature suggests that financial development can affect economic growth in two possible ways through its effect on the functioning of financial markets and other related variables, especially institutional quality, as described above (Ali, Nazir, et al, 2022; Khan et al, 2019; Úbeda et al, 2022). Hence, development of the financial sector has been the subject of a number of empirical studies, and it has received attention from economists, theorists, and policymakers (see, for instance, Cetin et al, 2023; Law et al, 2018). From a theoretical point of view, the services provided by the financial sector should contribute to economic growth through many channels, for example, by providing funds to all sectors of the economy, mobilizing domestic savings and encouraging capital accumulation, improving the efficiency of risk management (risk sharing and risk diversity) and capital allocation, and fostering the development of trade and commerce—Levine (2005) provides a comprehensive survey of these services.…”

“…Two notable findings are a strong association between financial development and economic growth, and a robust nexus between institutional quality and economic growth. Useful surveys of relationships between the pair of variables financial development and economic growth have been done by Cetin et al (2023), Pradhan et al (2015), and Qamruzzaman and Jianguo (2017). The pair of variables economic growth and the quality of institutional development has been surveyed by Acemoglu et al (2001), Bruinshooft (2016), Nair et al (2021) and Vieira et al (2013).…”