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Transition towards environmental sustainability through financial inclusion, and digitalization in China: Evidence from novel quantile-on-quantile regression and wavelet coherence approach

Author

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  • Bakhsh, Satar
  • Zhang, Wei
  • Ali, Kishwar
  • Anas, Muhammad

Abstract

This research investigates the potential for promoting environmental sustainability in China by analyzing the relationship between financial inclusion, digitalization, and environmental sustainability. Utilizing a multifaceted methodology consisting of quantile-on-quantile regression, Granger causality in quantiles, and wavelet analysis, supplemented by robustness tests, the research reveals a strong positive correlation between financial inclusion, digitalization, and environmental sustainability in China. The findings underscore the pivotal roles of technological innovation and the financial sector in steering the nation towards sustainable development. Essentially, the study indicates that embracing financial inclusion and advanced technology is vital for reinforcing the environmental sustainability of China's economic growth. These insights are crucial for emerging economies aiming to align economic growth with sustainable development objectives through technology innovation and enhanced financial accessibility.

Suggested Citation

  • Bakhsh, Satar & Zhang, Wei & Ali, Kishwar & Anas, Muhammad, 2024. "Transition towards environmental sustainability through financial inclusion, and digitalization in China: Evidence from novel quantile-on-quantile regression and wavelet coherence approach," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    • Handle: RePEc:eee:tefoso:v:198:y:2024:i:c:s0040162523006984
    DOI: 10.1016/j.techfore.2023.123013
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