IDEAS home Printed from https://ideas.repec.org/a/eee/reveco/v101y2025ics1059056025003363.html
   My bibliography  Save this article

Capitalizing on sustainability: China's green finance strategy for achieving environmentally resilient wastewater treatment

Author

Listed:
  • Meo, Muhammad Saeed
  • Ben Zaied, Younes
  • Afshan, Sahar
  • Anees, Alvena

Abstract

In China, wastewater management is becoming a more prominent concern due to the country's continuous industrial and urban development. The massive amounts of wastewater produced may threaten water resources and ecosystems. Therefore, innovative policies are crucial to enhance the wastewater treatment process and its infrastructure to secure sustainable water management. Hence, this study explores the asymmetric impact of green finance and other control variables like industrialization, environmental technology, and innovation in renewable energy on wastewater treatment in China. Using monthly data from January 2008 to December 2021 and an innovative nonlinear ARDL (NARDL) approach, the study confirms the significant positive impact of green finance, industrialization, environmental technology, and innovation in renewable energy on wastewater treatment. The robustness of the NARDL findings is being assessed using a novel multivariate quantile-on-quantile approach, which yields similar results, confirming the consistency of the findings. Furthermore, the findings highlight asymmetric associations among the variables, providing insightful policy implications for achieving SDG 6.

Suggested Citation

  • Meo, Muhammad Saeed & Ben Zaied, Younes & Afshan, Sahar & Anees, Alvena, 2025. "Capitalizing on sustainability: China's green finance strategy for achieving environmentally resilient wastewater treatment," International Review of Economics & Finance, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025003363
    DOI: 10.1016/j.iref.2025.104173
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1059056025003363
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.iref.2025.104173?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Green finance; Wastewater treatment; NARDL approach; Industrialization; Environmental technology innovation;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025003363. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620165 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.