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August 14, 2025Financial Review

Institutional Quality and Financial Development as Keys to Green Tech Innovation: New Global Evidence

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Authors

MMMohamed Arbi MadaniTunis UniversityBMBochra MannaiUniversity of SfaxHAHachmi Ben AmeurInstitut National de la Statistique et des Etudes Economiques

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Implication

Observational analysis reveals green technology innovation fluctuates across income levels, indicating policy adaptations are essential.

Key Points

  • Enhancing institutional quality generally supports green technology innovation across various income levels, underscoring its pivotal role.
  • In high-income countries, financial depth positively influences green innovation, but institutional quality's rule-of-law component is critical.
  • The analysis utilized robust econometric models to assess data from 57 countries between 2000 and 2021, highlighting significant findings.
  • These insights emphasize the need for tailored policy measures that align with a country's developmental context to foster green technology.

Cite This Study

Madani et al. (2025) studied this question.

synapsesocial.com/papers/68af50a7ad7bf08b1ead8eb7https://doi.org/10.1111/fire.70018
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Also Consider

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  1. 1Green Innovation and Energy Efficiency: Moderating Effect of Institutional Quality Based on the Threshold Model2024 · 35 citations
  2. 2Institutional Quality in Green and Digital Transition of EU Regions – A Recovery and Resilience Analysis2024 · 31 citations
  3. 3A simple panel unit root test in the presence of cross‐section dependence2007 · 12,666 citations