IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v38y2026i3p553-569.html

Exploring the Effects of Green Finance on Inclusive Growth: Empirical Evidence From African Countries

Author

Listed:
  • Djimoudjiel Djekonbe
  • Petre Brezeanu
  • Ştefan Cristian Gherghina
  • Mouta Mahamat Djourabi

Abstract

This study examines the impact of green finance on inclusive growth in African countries from 2015 to 2024, focusing on transmission channels involving energy sources and institutional factors. Panel data from African economies are used to construct a multidimensional inclusive growth index based on income, education, health, electricity access and digital connectivity. Applying Driscoll–Kraay robust standard errors to address cross‐sectional dependence and error structures, the analysis finds mixed effects: Green finance does not uniformly enhance inclusive growth but proves more effective when directed towards renewable energy rather than nonrenewable sources. Government stability and sectoral allocation critically moderate outcomes. Policy recommendations stress accelerating renewable energy transitions, improving governance and adopting targeted sectoral strategies to maximize socio‐economic benefits.

Suggested Citation

  • Djimoudjiel Djekonbe & Petre Brezeanu & Ştefan Cristian Gherghina & Mouta Mahamat Djourabi, 2026. "Exploring the Effects of Green Finance on Inclusive Growth: Empirical Evidence From African Countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 38(3), pages 553-569, April.
    • Handle: RePEc:wly:jintdv:v:38:y:2026:i:3:p:553-569
    DOI: 10.1002/jid.70069
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/jid.70069
    Download Restriction: no
    File URL: https://libkey.io/10.1002/jid.70069?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
    ---><---

    More about this item

    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:wly:jintdv:v:38:y:2026:i:3:p:553-569. 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: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    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.