Sebelas Maret Business Review
Vol 8, No 2 (2023): December 2023

Green bond and economic development: Evidence from Asian and European Countries

Joyonegoro, Andika Waskito (Unknown)
Pamungkas, Putra (Unknown)
Wibowo, Davin Satriyo (Unknown)



Article Info

Publish Date
13 Dec 2023

Abstract

This study aims to determine the influence of green bonds on economies in Asian and European countries in 2018-2021. Samples in this study, as many as 37 countries in Asian and European, were determined using the purposive sampling method. This study uses data from various sources such as the World Bank, International Monetary Fund, and United Nations Development Programme. This study is a quantitative study whose analysis uses a regression data panel to test the hypothesis of the use of green bonds on the economies of countries in Asian and European in 2018-2021 using Stata. The results showed that the green bond has a positive and significant impact on the economies of countries in Asian and European as measured by Gross Domestic Product. A country's level of well-being can be compared to the dynamic economic impact of an increase that drives growth in Gross Domestic Product. This study implies that the development of green bonds in Asian and European countries can be allocated to implement projects related to the environment and can help countries transform resources to improve the country's economy. Therefore, it is expected that countries in the Asian and European continents are making progress to develop green bonds further to increase the country's Gross Domestic Product.

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Journal Info

Abbrev

SMBR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of ...