Financial inclusion (FI) and CO2 emissions have become significant topics of interest for many countries worldwide in recent years. This research paper explores the dynamic linkages between them in developed and developing countries. The study examines 22 developed and 22 developing countries over an 18-year period from 2004 to 2021 and considers other control variables that may impact CO2 emissions, such as GDP per capita, trade as a percentage of GDP, and government effectiveness as a proxy for institutional quality. The Panel Data Regression Model is used to analyze the data. The results show that there is a relationship between FI and CO2 emissions. In developed countries, FI has a significant negative effect on CO2 emissions in developed countries, while it has a significant positive effect on them in developing countries. The findings suggest that country-specific measures should be put in place to ensure that higher FI does not lead to environmental degradation.
Sabek, H. A., Samaan, C. P., Beshara, M. H., Fahmy, N. R., Shaqran, S. A., Anwer, B. . M., & Ibrahim, D. M. (2023). Impact of Financial Inclusion on CO2 Emissions: A Comparative Study of Developed and Developing Countries During the Period (2004 -2021). The International Journal of Public Policies in Egypt (IJPPE), 2(4), 197-221. doi: 10.21608/ijppe.2023.322750
MLA
Hanya Ahmed Sabek; Catherina Philip Samaan; Maryam Hany Beshara; Nardeen Raafat Fahmy; Sohaila Ahmed Shaqran; Basant Mohamed Anwer; Dalia M. Ibrahim. "Impact of Financial Inclusion on CO2 Emissions: A Comparative Study of Developed and Developing Countries During the Period (2004 -2021)", The International Journal of Public Policies in Egypt (IJPPE), 2, 4, 2023, 197-221. doi: 10.21608/ijppe.2023.322750
HARVARD
Sabek, H. A., Samaan, C. P., Beshara, M. H., Fahmy, N. R., Shaqran, S. A., Anwer, B. . M., Ibrahim, D. M. (2023). 'Impact of Financial Inclusion on CO2 Emissions: A Comparative Study of Developed and Developing Countries During the Period (2004 -2021)', The International Journal of Public Policies in Egypt (IJPPE), 2(4), pp. 197-221. doi: 10.21608/ijppe.2023.322750
VANCOUVER
Sabek, H. A., Samaan, C. P., Beshara, M. H., Fahmy, N. R., Shaqran, S. A., Anwer, B. . M., Ibrahim, D. M. Impact of Financial Inclusion on CO2 Emissions: A Comparative Study of Developed and Developing Countries During the Period (2004 -2021). The International Journal of Public Policies in Egypt (IJPPE), 2023; 2(4): 197-221. doi: 10.21608/ijppe.2023.322750
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