Financial stability, innovation and green development

Authors

  • Muhammad Naveed Jamil Khwaja Fareed University of Engineering and Information Technology, Institute of Business Administration
  • Abdul Rasheed Khwaja Fareed University of Engineering and Information Technology, Institute of Business Administration

DOI:

https://doi.org/10.23925/2179-3565.2023v14i4p47-69

Keywords:

Financing Stability, Innovation, Green Development, De-carbonization pathways, Central Asia Future Sustainability

Abstract

Eco-efficiency is a biggest universal challenge and one-fourth CO₂ emission produce by World Transport sector. The main objective to examines the effect of External finance and Transport Power Diversity on Eco-efficiency and identify best finance and transport eco-power source. This study used two ways of data analysis; first, past and future trend analysis, and second, Regression, GMM and Robust measurement; first, External finance Trend of four countries, Japan has least dependent country, china only face dependency in FDI, while Pakistan major dependency on Remittances and ODA-Foreign-Aid. Fuel Consumption Trend; Japan Eco-efficiency policy is better than other three countries. Second; Regression and GMM results indicates external finance i.e. FDI, Remittances, ODA and Transport Power Source i.e. Oil and Electric 1% high significant impact on eco-efficiency, SDGs, GDP highly significant inverse, health negative and Per-Capita GDP, Government Consumption positive relationships exist with Eco-efficiency and robust test validate the results. Study suggested external finance modern finance source for technology enhancement and economy. Transport Cargo-system need to be design according eco-friendly.

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2024-01-12