Effect of green finance and institutional quality on economic growth: an evidence from novel MMQR approach

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dc.contributor.authorAli, Mumtaz
dc.contributor.authorIgunnu, Peter Oluwasegun
dc.contributor.authorSeraj, Mehdi
dc.contributor.authorRaza, Ali
dc.date.accessioned2026-04-25T14:13:20Z
dc.date.available2026-04-25T14:13:20Z
dc.date.issued2025
dc.departmentSinop Üniversitesi
dc.description.abstractGreen finance plays a vital role in mitigating the adverse impacts of climate change and contributes to long-term economic resilience by integrating economic growth objectives with environmental protection. Therefore, this study investigates the effects of green finance, rule of law, carbon emissions, and government effectiveness on the economic growth of 169 countries across the seven continents for the time period spanning from 2002 to 2023. This study employs the Method of Moment Quantile Regression (MMQR) to assess the effects across the different quantiles. The findings show that green finance has a negative effect on the economic growth. However, the rule of law, carbon emissions, and government effectiveness has positively contributed to economic growth. Moreover, the effects of green finance, rule of law, carbon emissions, and government effectiveness vary across the continents. The findings of this research provide valuable insights to support the continents in development and restricting of their economic and policy initiatives. © The Author(s), under exclusive licence to Springer Nature Switzerland AG 2025.
dc.identifier.doi10.1007/s43546-025-00911-x
dc.identifier.issn2662-9399
dc.identifier.issue10
dc.identifier.scopus2-s2.0-105015064357
dc.identifier.scopusqualityQ3
dc.identifier.urihttps://doi.org/10.1007/s43546-025-00911-x
dc.identifier.urihttps://hdl.handle.net/11486/8013
dc.identifier.volume5
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer Nature
dc.relation.ispartofSN Business and Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20260420
dc.subjectEconomic growth
dc.subjectGovernment effectiveness
dc.subjectGreen Finance
dc.subjectMMQR
dc.subjectRule of law
dc.subjectSustainable Development Goals
dc.titleEffect of green finance and institutional quality on economic growth: an evidence from novel MMQR approach
dc.typeArticle

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