The Role of Financial Inclusion, Green Investment and Green Credit on Sustainable Economic Development: Evidence from Vietnam

• Van Hoa Nguyen ^[3] ; Van Hien Phung ^[1] ; Cong Tiep Nguyen ^[4] ; Thi Xuan Huong Nguyen ^[5] ; Thi Hoang Mai Tran ^[2] ; Thi Lan Phuong Pham ^[6]
  1. [1] National Academy of Public Administration

     National Academy of Public Administration

     Ucrania

     
  2. [2] Vinh University

     Vinh University

     Vietnam

     
  3. [3] University of Kinh Bac
  4. [4] iet Nam National University of Agriculture (VNUA)
  5. [5] Viet Nam National University of Forestry (VNUF)
  6. [6] College of Agricultural Mechanics (CAM)

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• Localización: Cuadernos de economía: Spanish Journal of Economics and Finance, ISSN 0210-0266, ISSN-e 2340-6704, Vol. 45, Nº. 127, 2022, págs. 1-10
• Idioma: inglés
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• Resumen

  • Recently, sustainable economic development (SED) has become an international requirement due to the uncertainty of the environment and needs researchers’ attention. Hence, 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.