ผลกระทบของการพัฒนาทางการเงิน และเทคโนโลยีทางการเงินต่อการเติบโตสีเขียว

Abstract

The objective of this thesis is to analyze the obstacles of financial development on green growth in high income and upper middle income countries, and investigate the effects of the interaction between financial development and financial technology on green growth using the Generalized Moment method (GMM), based on 25 high income and upper-middle income countries during the period of 2013 to 2021. This study employs principal component analysis (PCA) to construct an index with multiple dimensions, including the financial development index which is constructed from four dimensions: access to financial service, depth of financial institution, stability of financial institutions, and efficiency of financial institution; and financial technology index which is derived from the number the number of transactions trough financial technology, such as ATM, Point of sale, and E-payment. The results of this study show that financial development does not have a significant effect on green growth. These results suggest that policymakers should develop policies to promote financial technology and encourage the use of new financial technologies in financial institutions to improve traditional financial development models towards financial development through financial technology, such as using digital platforms to fund green projects.