September 5, 2025BRICS Journal of EconomicsOpen Access

Green finance, financial development, and industrial growth: insights from the BRICS economies

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Authors

SESimon Okaja EporWalter Sisulu University JAJoseph Olorunfemi AkandeWalter Sisulu University

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Implication

Analysis reveals significant benefits of green finance and financial development on industrial growth in BRICS, highlighting the need for integrated policies.

Key Points

Industrial growth in BRICS economies benefits significantly from the combined effects of green finance and financial development.
Long-run analysis from 2000 to 2023 shows the necessity of integrating green finance into existing financial policies.
Estimates using panel FMOLS and DOLS confirm that sustainable production strategies foster industrial advancement.
Robustness checks indicate the importance of cross-sectional dependence in evaluating the financial development of BRICS.

Cite This Study

Epor et al. (2025) studied this question.

synapsesocial.com/papers/68c239a3b210217d6477c94d https://doi.org/10.3897/brics-econ.6.e149285

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Implication

Analysis reveals significant benefits of green finance and financial development on industrial growth in BRICS, highlighting the need for integrated policies.

Green finance, financial development, and industrial growth: insights from the BRICS economies

Discussion

Member takes

Implication

Key Points

Cite This Study

Green finance, financial development, and industrial growth: insights from the BRICS economies

Discussion

Member takes

Implication

Key Points

Cite This Study

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