Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance
The present study delves into the intricate correlation between fiscal spending and green growth, specifically focusing on the catalyzing effect of green finance. Spanning the timeframe from 2005 to 2021, our investigation encompasses 18 developing and 14 developed countries. Leveraging Bayesian reg...
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| Format: | Article |
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Sciendo
2025-09-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
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| Online Access: | https://doi.org/10.2478/sues-2025-0013 |
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| author | Dinh Le Quoc Oanh Tran Thi Kim Ha Nguyen Thi Hong |
| author_facet | Dinh Le Quoc Oanh Tran Thi Kim Ha Nguyen Thi Hong |
| author_sort | Dinh Le Quoc |
| collection | DOAJ |
| description | The present study delves into the intricate correlation between fiscal spending and green growth, specifically focusing on the catalyzing effect of green finance. Spanning the timeframe from 2005 to 2021, our investigation encompasses 18 developing and 14 developed countries. Leveraging Bayesian regression analysis, our findings uncover a nuanced juxtaposition in the effect of R&D expenditure on green growth across these divergent contexts. In developing nations, R&D spending demonstrates a discouraging negative effect on green growth, supported by a robust probability of 76.74%. Conversely, in developed countries, R&D expenditure manifests a promising positive influence, with a likelihood of 71.33%. However, upon integrating the pivotal role of green finance, a synergistic relationship emerges, underscoring its potential as a catalyst for bolstering green growth in both categories of nations. Grounded in these discerning insights, we delineate tailored implications aimed at fortifying green finance initiatives within each cohort of countries. |
| format | Article |
| id | doaj-art-d3be0f6bc44f4a938cf37f8743b4b0ad |
| institution | Kabale University |
| issn | 2285-3065 |
| language | English |
| publishDate | 2025-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj-art-d3be0f6bc44f4a938cf37f8743b4b0ad2025-08-20T03:27:18ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice2285-30652025-09-01353699110.2478/sues-2025-0013Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green FinanceDinh Le Quoc0Oanh Tran Thi Kim1Ha Nguyen Thi Hong21Lac Hong University, Dong Nai Province, Vietnam2University of Finance – Marketing – Ho Chi Minh City, Vietnam3Ho Chi Minh City Industry and Trade College, Ho Chi Minh City, VietnamThe present study delves into the intricate correlation between fiscal spending and green growth, specifically focusing on the catalyzing effect of green finance. Spanning the timeframe from 2005 to 2021, our investigation encompasses 18 developing and 14 developed countries. Leveraging Bayesian regression analysis, our findings uncover a nuanced juxtaposition in the effect of R&D expenditure on green growth across these divergent contexts. In developing nations, R&D spending demonstrates a discouraging negative effect on green growth, supported by a robust probability of 76.74%. Conversely, in developed countries, R&D expenditure manifests a promising positive influence, with a likelihood of 71.33%. However, upon integrating the pivotal role of green finance, a synergistic relationship emerges, underscoring its potential as a catalyst for bolstering green growth in both categories of nations. Grounded in these discerning insights, we delineate tailored implications aimed at fortifying green finance initiatives within each cohort of countries.https://doi.org/10.2478/sues-2025-0013fiscal spendinggreen growthgreen financedeveloped countriesdeveloping countriesbayesiane62q01c11q49 |
| spellingShingle | Dinh Le Quoc Oanh Tran Thi Kim Ha Nguyen Thi Hong Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice fiscal spending green growth green finance developed countries developing countries bayesian e62 q01 c11 q49 |
| title | Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance |
| title_full | Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance |
| title_fullStr | Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance |
| title_full_unstemmed | Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance |
| title_short | Enhancing Green Growth: Exploring the Influence of Fiscal Spending and Green Finance |
| title_sort | enhancing green growth exploring the influence of fiscal spending and green finance |
| topic | fiscal spending green growth green finance developed countries developing countries bayesian e62 q01 c11 q49 |
| url | https://doi.org/10.2478/sues-2025-0013 |
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