Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan
Purpose: The global impact of climate change on both human well-being and the environment has garnered widespread attention. Depending on the context, financial inclusion can either help people adapt to changing conditions or lessen the impact of those changes. The purpose of our research is to fil...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2023-09-01
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| Series: | Journal of Accounting and Finance in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2781 |
| _version_ | 1827576766716182528 |
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| author | Muhammad Faheem Asma Nousheen Fatima Farooq Muhammad Arshad Anwer |
| author_facet | Muhammad Faheem Asma Nousheen Fatima Farooq Muhammad Arshad Anwer |
| author_sort | Muhammad Faheem |
| collection | DOAJ |
| description |
Purpose: The global impact of climate change on both human well-being and the environment has garnered widespread attention. Depending on the context, financial inclusion can either help people adapt to changing conditions or lessen the impact of those changes. The purpose of our research is to fill that study gap. While improved financial infrastructure is excellent for GDP, the only way to save the planet for both emerging and rich nations is through effective governance. This research looked at how different variables, such as financial inclusion (FINC), FDI, trade openness (TO), and economic growth (GDP), affects Pakistan's CO2 emissions and ecological footprint from 2004 to 2021.
Design/Methodology/Approach: Autoregressive distributed lag modeling (ARDL) is used to calculate the estimated alliance between the research variables.
Findings: Even if GDP and FDI play important roles in environmental quality, long-run ARDL estimates show that FINC and trade have a negative influence on carbon dioxide emissions. On the other side, FINC has a beneficial effect on the environment, reducing its negative impact and improving environmental quality.
Implications/Originality/Value: These outcomes indicated that Pakistan needs to enhance trade and FINC to sustain environmental quality. The funds issued from the financial institutions should be allocated to clean and green energy projects.
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| first_indexed | 2024-03-08T21:18:11Z |
| format | Article |
| id | doaj.art-3ba2584ed6fe44c9ac60305f41e420bb |
| institution | Directory Open Access Journal |
| issn | 2519-0318 2518-8488 |
| language | English |
| last_indexed | 2024-03-08T21:18:11Z |
| publishDate | 2023-09-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Accounting and Finance in Emerging Economies |
| spelling | doaj.art-3ba2584ed6fe44c9ac60305f41e420bb2023-12-21T13:44:28ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882023-09-019310.26710/jafee.v9i3.2781Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in PakistanMuhammad Faheem0Asma Nousheen1Fatima Farooq2Muhammad Arshad Anwer3Bahauddin Zakariya University, Multan, PakistanBahauddin Zakariya University, Multan, PakistanBahauddin Zakariya University, Multan, PakistanNational University of Modern Languages, Multan Campus, Pakistan Purpose: The global impact of climate change on both human well-being and the environment has garnered widespread attention. Depending on the context, financial inclusion can either help people adapt to changing conditions or lessen the impact of those changes. The purpose of our research is to fill that study gap. While improved financial infrastructure is excellent for GDP, the only way to save the planet for both emerging and rich nations is through effective governance. This research looked at how different variables, such as financial inclusion (FINC), FDI, trade openness (TO), and economic growth (GDP), affects Pakistan's CO2 emissions and ecological footprint from 2004 to 2021. Design/Methodology/Approach: Autoregressive distributed lag modeling (ARDL) is used to calculate the estimated alliance between the research variables. Findings: Even if GDP and FDI play important roles in environmental quality, long-run ARDL estimates show that FINC and trade have a negative influence on carbon dioxide emissions. On the other side, FINC has a beneficial effect on the environment, reducing its negative impact and improving environmental quality. Implications/Originality/Value: These outcomes indicated that Pakistan needs to enhance trade and FINC to sustain environmental quality. The funds issued from the financial institutions should be allocated to clean and green energy projects. https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2781Financial InclusionEnvironmentARDLPakistan |
| spellingShingle | Muhammad Faheem Asma Nousheen Fatima Farooq Muhammad Arshad Anwer Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan Journal of Accounting and Finance in Emerging Economies Financial Inclusion Environment ARDL Pakistan |
| title | Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan |
| title_full | Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan |
| title_fullStr | Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan |
| title_full_unstemmed | Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan |
| title_short | Bridging the Gap: Financial Inclusion's Role in Environmental Sustainability in Pakistan |
| title_sort | bridging the gap financial inclusion s role in environmental sustainability in pakistan |
| topic | Financial Inclusion Environment ARDL Pakistan |
| url | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2781 |
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