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September 10, 2025Journal of Public Affairs

Towards Sustainable Development: Drivers From Financial and Institutional Development

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Authors

HVHai Nguyen VanNHNguyễn Quốc HuyDQDinh Le Quoc

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Overview

Research demonstrates the positive relationship between financial development and sustainable development, suggesting institutional quality plays a critical role.

Key Points

  • Financial development positively influences sustainable development in countries with strong institutions.
  • In countries with weak institutions, financial development may lead to environmental pollution and corruption.
  • The study analyzes data from 116 countries over the period from 2004 to 2022, providing a comprehensive overview.
  • Findings indicate the potential of financial resources to enhance various sectors like renewable energy and healthcare.

Cite This Study

Van et al. (2025) studied this question.

synapsesocial.com/papers/68c1a5ff54b1d3bfb60dffaehttps://doi.org/10.1002/pa.70073
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