Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries
We examined the influence of digital financial inclusion (DFI) on economic growth and environmental sustainability in ASEAN nations from 2005 to 2022. Employing advanced econometric techniques such as Pooled Ordinary Least Squares (POLS), Two-Stage Least Squares (2SLS), and Generalized Method of Mom...
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| Format: | Article |
| Language: | English |
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AIMS Press
2025-02-01
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| Series: | Data Science in Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/DSFE.2025004 |
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| author | Farooq Ahmad Bajwa Jingtao Fu Ishtiaq Ahmad Bajwa Manzar Rehman Karim Abbas |
| author_facet | Farooq Ahmad Bajwa Jingtao Fu Ishtiaq Ahmad Bajwa Manzar Rehman Karim Abbas |
| author_sort | Farooq Ahmad Bajwa |
| collection | DOAJ |
| description | We examined the influence of digital financial inclusion (DFI) on economic growth and environmental sustainability in ASEAN nations from 2005 to 2022. Employing advanced econometric techniques such as Pooled Ordinary Least Squares (POLS), Two-Stage Least Squares (2SLS), and Generalized Method of Moments (GMM), we uncovered compelling findings: DFI boosts the economy but at an environmental cost. This surprising outcome poses a significant challenge for policymakers striving to balance economic benefits with ecological health. Our study calls for strategic government action to reconcile these critical areas, ensuring sustainable regional development. |
| format | Article |
| id | doaj-art-bfde696ed48a4fcdbb476670a4521ad6 |
| institution | Kabale University |
| issn | 2769-2140 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Data Science in Finance and Economics |
| spelling | doaj-art-bfde696ed48a4fcdbb476670a4521ad62025-08-20T03:48:27ZengAIMS PressData Science in Finance and Economics2769-21402025-02-0151537510.3934/DSFE.2025004Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countriesFarooq Ahmad Bajwa0Jingtao Fu1Ishtiaq Ahmad Bajwa2Manzar Rehman3Karim Abbas4School of Management, Hainan University, Haikou, ChinaSchool of Management, Hainan University, Haikou, ChinaSchool of Business, Al Yamamah University, Khobar, Saudi ArabiaSchool of Management, Hainan University, Haikou, ChinaSchool of Management, Hainan University, Haikou, ChinaWe examined the influence of digital financial inclusion (DFI) on economic growth and environmental sustainability in ASEAN nations from 2005 to 2022. Employing advanced econometric techniques such as Pooled Ordinary Least Squares (POLS), Two-Stage Least Squares (2SLS), and Generalized Method of Moments (GMM), we uncovered compelling findings: DFI boosts the economy but at an environmental cost. This surprising outcome poses a significant challenge for policymakers striving to balance economic benefits with ecological health. Our study calls for strategic government action to reconcile these critical areas, ensuring sustainable regional development.https://www.aimspress.com/article/doi/10.3934/DSFE.2025004automatic teller machineasean countriescarbon dioxide emissiondebit cardsdigital financial inclusiongross domestic product |
| spellingShingle | Farooq Ahmad Bajwa Jingtao Fu Ishtiaq Ahmad Bajwa Manzar Rehman Karim Abbas Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries Data Science in Finance and Economics automatic teller machine asean countries carbon dioxide emission debit cards digital financial inclusion gross domestic product |
| title | Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries |
| title_full | Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries |
| title_fullStr | Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries |
| title_full_unstemmed | Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries |
| title_short | Digital financial inclusion and its dual impact on economic and environmental outcomes in ASEAN countries |
| title_sort | digital financial inclusion and its dual impact on economic and environmental outcomes in asean countries |
| topic | automatic teller machine asean countries carbon dioxide emission debit cards digital financial inclusion gross domestic product |
| url | https://www.aimspress.com/article/doi/10.3934/DSFE.2025004 |
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