Abstract
AbstractThis paper analyzes the association between financial inclusion and environmental sustainability. The study uses Pearson correlation analysis to analyze the association between financial inclusion and environmental sustainability. The level of financial inclusion was measured using two supply-side financial inclusion indicators: the number of ATMs per 100,000 adults and the number of bank branches per 100,000 adults. Environmental sustainability was measured using two indicators: environmental policy stringency index and the environmentally adjusted multifactor productivity growth index. The study finds that financial inclusion is positively associated with environmental sustainability particularly among non-EU countries. The result implies that financial inclusion programs and efforts in non-EU countries complement environmental sustainability efforts toward achieving the United Nations sustainable development goals (SDGs). The findings also reveal a significant and negative association between environmental policy stringency and environmentally adjusted multifactor productivity growth particularly among EU member-countries and European countries.KeywordsEnvironmentSustainabilitySustainable developmentFinancial inclusionAccess to financeSupply-side financial inclusionJEL codeE58G21G18D11O11O16G00N20
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
