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The role of green finance, eco-innovation, and creativity in the sustainable development goals of ASEAN countries

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  • Muhammad Sadiq
  • Thang Le-Dinh
  • Trung Kien Tran
  • FengSheng Chien
  • Thi Thu Hien Phan
  • Pham Quang Huy

Abstract

Recently, sustainable development has become a global requirement. Every country strives to achieve this essential goal, and this attracts the attention of researchers and policymakers. This study investigates the impact of green finance, eco-innovation, and creativity on the sustainable development goals in ASEAN countries. Using CUP-FM and CUP-BC techniques, the study examines the association between variables, and finds that green finance (such as green credit), renewable energy production, eco-innovation, and creativity, have positive associations with sustainable development goals. The control variable, economic growth, has a negative association with sustainable development goals. Based on the evidence, the ASEAN region must increase the quantity of green bonds as a part of green finance. This financial measure would guarantee adequate returns for private investors.

Suggested Citation

  • Muhammad Sadiq & Thang Le-Dinh & Trung Kien Tran & FengSheng Chien & Thi Thu Hien Phan & Pham Quang Huy, 2023. "The role of green finance, eco-innovation, and creativity in the sustainable development goals of ASEAN countries," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(2), pages 2175010-217, July.
  • Handle: RePEc:taf:reroxx:v:36:y:2023:i:2:p:2175010
    DOI: 10.1080/1331677X.2023.2175010
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