Balancing finance and sustainability: The impact of financial access on carbon emissions through innovation and entrepreneurship in a global study.

dc.contributor.authorDomfe, G.
dc.date.accessioned2025-02-11T15:00:33Z
dc.date.issued2025-01-13
dc.descriptionResearch Article
dc.description.abstractThis study examines the interplay between financial access, innovation, entrepreneurship, and carbon emissions using a dataset of 149 countries over 24 years (2000–2023). Employing two stage least squares (2SLS) techniques to address endogeneity, the findings reveal that financial access significantly boosts innovation and entrepreneurship, which are key drivers of economic growth. However, financial access may also increase carbon emissions if not aligned with sus tainable practices. Innovation reduces emissions by fostering environmentally friendly technol ogies, while entrepreneurship initially contributes to emissions but can mitigate this effect when supported by sustainable financial practices. The study highlights the importance of financial policies that promote green innovation and sustainable entrepreneurship, offering actionable insights for policymakers to achieve economic growth while addressing global carbon emissions.
dc.identifier.urihttps://doi.org/10.1016/j.iref.2025.103878
dc.identifier.urihttps://ugspace.ug.edu.gh/handle/123456789/42876
dc.language.isoen
dc.publisherElsevier Inc.
dc.subjectFinancial Access
dc.subjectCarbon Emissions
dc.subjectInnovation
dc.subjectEntrepreneurship
dc.subjectSustainable Development
dc.titleBalancing finance and sustainability: The impact of financial access on carbon emissions through innovation and entrepreneurship in a global study.
dc.typeArticle

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