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Journal : Economics Development Analysis Journal

Do Financial Regulation and Technology Matter in Fostering Green Growth? Dyah Maya Nihayah; Rahmayani, Dwi; Afif Dhia Pratama; Fredericho Mego Sundoro; Hermanto, Agus
Economics Development Analysis Journal Vol. 13 No. 3 (2024): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v13i3.7904

Abstract

Effective regulation and technological innovation are key factors in driving the implementation of green growth initiatives. This research investigates how financial regulation and technological innovation influence green growth, proxied by carbon productivity, with data from 1996 to 2020 across ASEAN-5 Countries. A Panel Dynamic Ordinary Least Square (DOLS) model is conducted to analyze the long-run effect on each variable. The result showed that financial regulation, proxied by regulatory quality and economic freedom, positively and significantly influences green growth. Meanwhile, technological innovation has a positive but not significant influence on green growth. According to the findings, this study proposes adopting top-tier regulations and a step-by-step approach to realizing green growth. Meanwhile, the government can also open an investment as funding to improve innovation in green technology
Co-Authors Afif Dhia Pratama Agung Agung Agus Hermanto Ahmad Shidiq, Ahmad Akhtar, Rana Sharjeel Amin Pujiati Andryan Setyadharma Angelica, Seanita Febriana Anik Susanti Anik Susanti Annis Nurfitriana Nihayah Aulia, Rizka Elfina Avi Budi Setiawan Badar Fadlan Ibrahim Badar Fadlan Ibrahim Damayanti, Anggita Dewanto, Effri Satrio Dewi Karisma Dewi Karisma Dewi, Lutfiani Puspita Dikky Nur Hidayat Dwi Rahmayani, Dwi Eni Kusrini, Eni Etty Soesilowati Fafurida Fafurida Fatimahtuzzahra, Shella Monica Fredericho Mego Sundoro Hakim, Muh. Adrikni Al Imam Mubarok Ita Nuryana Jeane Talakua Karsinah - Khayati, Afif Nur Kholqiyah, Dewi Azizatul Kinasih, Putri Suri Kurniasih Kurniasih Kurniasih Kurniasih Kurniawan, Gilang Fajar Kusumantoro Malia, Shavera Sofiana Medi Elfani Medi Elfani MG. Endang Sri Utari, MG. Endang Sri Moh. Khoiruddin Mustapa, Alan Nihayah, Annis Nurfitriana Nurfitrokha, Yunilia Nurjannah Rahayu Kistanti Nursaidah Nursaidah, Nursaidah P. Eko Prasetyo Pangestika, Maulida Dewi Pangestika, Zalma Niendya Phany Ineke Putri Phany Ineke Putri, Phany Ineke Phany Inneke Putri Prasetyo Ari Bowo, Prasetyo Ari Prastiwi, Fifi Setyo Putri Patria Kusuma Putri, Dian Khoiriyani Rahayu, Wiwiet Septiani Rahayu, Wiwiet Septiani Rahman, Yosi Aulia Rediana Setiyani, Rediana Reikha Habibah Yusfi Retno Febriyastuti Widyawati Ridzuan, Abdul Rahim Rochaningrum, Eka Rochaningrum, Eka Shella Monica Fatimahtuzzahra Sri Utari, MG. Endang Sucihatiningsih DWP Syifa Sa’adah Syifa Sa’adah Tazaruwah, Destin Witari Wahyu Hardyanto Yozi Aulia Rahman, Yozi Aulia Yunilia Nurfitrokha