Research Originality: This study is the first to integrate digital rupiah innovation, green finance, and monetary policy uncertainty within a single sustainability-oriented macroeconomic framework for Indonesia.
Research Objectives: It examines how these factors, together with digital financial inclusion and renewable energy investment, affect Indonesia's sustainable economic growth and identifies the main growth drivers.
Research Method: The study applies a Common Effect Model pooled ordinary least squares regression to annual national aggregate data, following formal panel model selection tests.
Empirical Results: Digital rupiah innovation, digital financial inclusion, and renewable energy investment positively drive sustainable growth, while monetary policy uncertainty constrains it; green finance has no significant effect yet.
Implications: Policymakers should accelerate digital payment adoption and financial inclusion, ensure credible monetary policy communication, and strengthen green finance market infrastructure.
JEL Classification: E52, E58, G21, O44, Q42
Abstract In the context of climate change and the growing need for sustainable development, green finance and technological innovation have become important instruments for achieving economic growth while ensuring environmental protection. This study investigates the effects of green finance and technological innovatio...
T. Phạm, Thi Thu Huong Tran, Thi Thanh Lan Ngo et al.· Economics· 0 citations
Green finance has shifted from a peripheral environmental concern to a central instrument of economic transformation in resource-dependent economies. This study examines the economic impact of green finance in Saudi Arabia over the period 2015–2024 using a dynamic panel framework based on twelve economic sectors observ...
Hiba Awad Alla Ali Hussin· Asian Economic and Financial...· 0 citations
This study examines how financial inclusion, energy transition, and human capital investment influence economic
sustainability in developing economies and takes digital transformation as an intermediate variable. Based on a balanced panel
dataset of 44 developing economies from 2015-2024, the study applies Pooled Ord...
Gohar Mahmood, Errah Asghar· Journal of Sustainable and E...· 0 citations
This article looks at the contribution of green bond financing and digital financial inclusion towards economic growth in the wider context of inclusive and sustainable development.
The study uses a dynamic panel System Generalised Method of Moments model to tackle endogeneity and dynamic bias using a panel...
A. Chauhan, N. Parashar, Tarika Singh Sikarwar· American Journal of Business· 0 citations
This study examines which rural households translate digital financial inclusion policies into entrepreneurial action. A balanced 2010–2022 China Family Panel Studies panel is linked to provincial digital finance, digital infrastructure, policy-pilot, and macroeconomic data, yielding a 2012–2022 rural sample. The empir...
Xing-You Li· Advances in Economics, Manag...· 0 citations
The findings reveal that the rapid scaling of digital payment infrastructure has facilitated formalisation of the economy, improved last-mile delivery of government benefits through Direct Benefit Transfer, expanded credit access for micro, small and medium enterprises (MSMEs), and supported consumption-led recovery in...