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The impact of sustainable finance on a country’s economic performance

Author

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  • Beatrice Redkinaite

    (Vilnius University)

Abstract

The increasing relevance of the concept of sustainable finance encourages research into the impact it can have on a country's economic performance. The concept of sustainable finance itself is defined in various ways, and different concepts lead to different approaches to the impact not only on the economy, but also on the environment and social areas. Sustainable finance may exert a positive impact on both climate change mitigation and energy efficiency. In order to analyze the impact of sustainable finance in Lithuania in the period 2009-2023, correlation and regression analyses were used. The results did not show a short-term relationship, but, in the long term, a statistically significant positive impact of sustainable finance on the country's economy was obtained.

Suggested Citation

  • Beatrice Redkinaite, 2026. "The impact of sustainable finance on a country’s economic performance," Transformations and Sustainability, Centre for Productivity and Sustainability Analysis, vol. 2(2), pages 167-179.
    • Handle: RePEc:dbj:trasus:v:2:y:2026:i:2:p:167-179
    DOI: 10.63775/3kfb9t91
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    References listed on IDEAS

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    1. Abdelaziz Al Owais & Robinson Joseph, 2024. "Navigating the Terrain of Sustainable Finance: A Phenomenological and Narrative Enquiry into Managerial Challenges," International Journal of Economics and Financial Issues, Econjournals, vol. 14(6), pages 291-301, October.
    2. Nie, Peng & Zhong, Juncheng & Ren, Zhengliang & Huang, Jinglei, 2024. "Sustainable financing solutions for the growth of resource-driven economies in the digital economy age," Resources Policy, Elsevier, vol. 98(C).
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