Abstract
In recent years, sustainable development has become a focal issue in the globalization process due to environmental uncertainty in the global context, which has attracted the extensive attention of scholars. This study explores the dynamic transmission mechanism and time-varying impacts among green finance, renewable energy and sustainable development in China on the basis of a stochastic volatile time-varying vector autoregressive (TVP-VAR-SV) model using time-series data from January 4, 2013, to October 14, 2022. The results revealed that there is an interaction among green finance, renewable energy and sustainable development in China, and the degree of influence and direction of action at different points in time show time-varying and heterogeneous characteristics. Further, this study subdivides renewable energy into hydro, wind, geothermal and solar energy. The dynamic impact of these types of energy on sustainable development is heterogeneous, and this relationship is affected by relevant economic events.
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