IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v13y2024i2p1236-1242.html

ASEAN's Sustainable Future: A Review of Green Finance, Renewable Energy, and Economic Complexity Index Challenges and Opportunities

Author

Listed:
  • Qudsia Piracha

    (MPhil Scholar, Department of Commerce and Economics, Superior University Lahore, Pakistan)

  • Laiba Manzoor

    (MS Scholar, Department of Accounting & Finance, Superior University Lahore, Pakistan)

Abstract

The main purpose of the study is to examine and build existing theoretical and empirical literature on green finance (GF), renewable energy (RE) and economic complexity index index (ECI) as an integral determinants of sustainable development in ASEAN countries for the period spanning from 1990 to 2022. Firstly, it draws the overview of the said issue. Second, it identifies and discus the literature based on the theoretical and empirical insights from the existing literature. Third, this paper proposes dynamic dimensions for further research. This study also looks at how green finance, economic complexity index and renewable energy have affected sustainable development. This research aims to look into the relationship between these factors and provide actionable insights to foster sustainable development. This paper contributes to the area of green finance and economic complexity index and sustainable development by critically analyzing and synthesizing existing theory and research.

Suggested Citation

  • Qudsia Piracha & Laiba Manzoor, 2024. "ASEAN's Sustainable Future: A Review of Green Finance, Renewable Energy, and Economic Complexity Index Challenges and Opportunities," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1236-1242.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:1236-1242
    as

    Download full text from publisher

    File URL: https://bbejournal.com/index.php/BBE/article/view/1032/1144
    Download Restriction: no
    File URL: https://bbejournal.com/index.php/BBE/article/view/1032
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marc Audi & Marc Poulin & Amjad Ali, 2024. "Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 672-683, May.
    2. Marc Audi & Amjad Ali & Mohamad Kassem, 2020. "Greenhouse Gases: A Review of Losses and Benefits," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 403-418.
    3. Marc Audi & Amjad Ali, 2023. "Unveiling the Role of Business Freedom to Determine Environmental Degradation in Developing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 157-164, September.
    4. Amjad Ali & Marc Audi & Chan Bibi & Yannick Roussel, 2021. "The Impact of Gender Inequality and Environmental Degradation on Human Well-being in the Case of Pakistan: A Time Series Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 11(2), pages 92-99.
    5. Saima Ashiq & Amjad Ali & Hafiz Muhammad Abubakar Siddique & Sumaira, 2023. "Impact Of Innovation On Co2 Emissions In South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 201-211.
    6. Yanan Shen & Saif Ur Rahman & Nabila Shahzadi Hafiza & Muhammad Saeed Meo & Muhammad Sibt E Ali, 2024. "Does green investment affect environment pollution: Evidence from asymmetric ARDL approach?," PLOS ONE, Public Library of Science, vol. 19(4), pages 1-25, April.
    7. Marc Audi & Amjad Ali, 2023. "The Role of Environmental Conditions and Purchasing Power Parity in Determining Quality of Life among Big Asian Cities," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 292-305, May.
    8. ., 2023. "The economic effects of financial development," Chapters, in: Financialisation, chapter 3, pages 51-71, Edward Elgar Publishing.
    9. Nazik Maqsood & Tanveer Ahmad Shahid & Abaid Ul Rehman, 2024. "The Impact of Dividend and Tax Avoidance on Earning Management of Companies," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 256-272.
    10. Saif ur Rahman & Nor’Aznin Abu Bakar, 2019. "Manufacturing sector in Pakistan: A Comprehensive Review for the Future Growth and Development," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 7(1), pages :77-91, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Huda Nawaz & Areeba Zafar & Salman Masood Sheikh & Saif Ur Raman, 2024. "Global Change, Local Consequences: A Review of the Relationships Between FDI, Globalization, GDP, Carbon Dioxide Emissions, and Ecological Footprint," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1226-1230.
    2. repec:rfh:bbejor:v:13:y:2025:i:3:p:464-467 is not listed on IDEAS
    3. Fakhar Hayat & Sonia Anjum & Saif Ur Raman & Sadia Idress, 2024. "G-7 Green Growth Paradox: An Exploratory Review of Economic Policy Uncertainty, Renewable Energy, and Institutional Quality," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1194-1199.
    4. Muhammad Haseeb & Aqsa Shakeel & Saif Ur Raman, 2024. "Renewable Energy and Green Innovation: A Review of the Mitigation Strategies for Climate Change through Reduced Carbon Emissions," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1200-1206.
    5. repec:rfh:bbejor:v:13:y:2025:i:3:p:468-471 is not listed on IDEAS
    6. Musharaf Hanif & Khadija Khalid & Saif Ur Raman & Muhammad Ali, 2024. "How Does Innovation and Globalization Affect Environmental Sustainability: A Review," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1207-1212.
    7. Audi, Marc, 2024. "A Discussion on the Role of International Regimes in Mitigating Global Warming and Climate Change," MPRA Paper 121586, University Library of Munich, Germany.
    8. Roussel, Yannick & Audi, Marc, 2024. "Exploring the Nexus of Economic Expansion, Tourist Inflows, and Environmental Sustainability in Europe," MPRA Paper 121529, University Library of Munich, Germany.
    9. Ullah, Asad & Ali, Amjad, 2024. "Investigating Corruption, Income Inequality, and Environmental Degradation in Pakistan: A Time Series Analysis," MPRA Paper 121291, University Library of Munich, Germany.
    10. Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Assessing the Pathways of Sustainable Development: A Structural Equation Modeling Investigation of Regulatory Framework, Innovation, and Economic Indicators," MPRA Paper 121286, University Library of Munich, Germany.
    11. Fiaz Ahmad Sulehri & Marc Audi & Marc Poulin & Amjad Ali, 2024. "Nexus between Innovation and Ecological Impact: A Moderated Mediation Investigation through Structural Equation Modeling Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 509-518, July.
    12. Laiba Manzoor & Qudsia Piracha & Saif Ur Rahman & Salman Masood Sheikh, 2023. "Impact of Renewable Energy and Globalization on Environmental Pollution in Asian Countries: A Review," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 628-633.
    13. Insha Kunwal & Muhammad Ramzan Sheikh & Muhammad Zahir Faridi & Muhammad Imran Mushtaq, 2023. "Urbanization, Energy Consumption and Environmental Quality in Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 372-386.
    14. Sadia Safdar & Mubashir Manzoor & Saif Ur Raman & Salman Masood Sheikh, 2024. "Analyzing the Impact of Government Expenditure, Institutional Factors, Foreign Direct Investment, Public Investment, and Technological Innovations on Human Development Index in Pakistan and China," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1231-1235.
    15. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi, 2023. "An Analysis of the Determinants of Trust in Virtual Buying: An Interpretive Structural Modeling Approach," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 103-116.
    16. Marc Audi & Amjad Ali & Marc Poulin, 2026. "Modelling Urban Expansion, Energy Consumption, and Environmental Sustainability: The Moderating Role of Environmental Taxes in Developing Countries," Sustainability, MDPI, vol. 18(9), pages 1-24, May.
    17. Fiaz Ahmad Sulehri & Amjad Ali, 2024. "Nexus among Regulatory Framework, Economic Growth and Sustainable Development: Insights from Structural Equation Modeling Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 110-117.
    18. Aleena Shamim & Sana Raza & Saif Ur Rahman & Salman Masood Sheikh, 2023. "Examining the Influence of Green Finance, FinTech, and Environmental Innovation on Environmental Degradation in G-20 Nations: A Comprehensive Review," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 621-627.
    19. Saima Ashiq & Amjad Ali & Hafiz Muhammad Abubakar Siddique & Sumaira, 2023. "Impact Of Innovation On Co2 Emissions In South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 201-211.
    20. repec:rfh:bbejor:v:13:y:2025:i:3:p:480-491 is not listed on IDEAS
    21. Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Country Risk and Sustainable Development: Mediating Role of Economic Growth," MPRA Paper 121290, University Library of Munich, Germany.
    22. Marc Audi & Marc Poulin & Khalil Ahmad & Amjad Ali, 2025. "Modeling Disaggregate Globalization to Carbon Emissions in BRICS: A Panel Quantile Regression Analysis," Sustainability, MDPI, vol. 17(6), pages 1-24, March.
    23. Ayiza Arshad & Atif Khan Jadoon & Ambreen Sarwar & Maria Faiq Javaid, 2024. "Towards Asian Countries Sustainable Development: The Nexus between Information and Communication Technology, Energy Consumption and Carbon Dioxide Emission," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 1-8.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    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:rfh:bbejor:v:13:y:2024:i:2:p:1236-1242. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Dr. Muhammad Irfan Chani The email address of this maintainer does not seem to be valid anymore. Please ask Dr. Muhammad Irfan Chani to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    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.