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Impact of green digital finance on green economic recovery and green agricultural development: implications for green environment

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Abstract

This study explores the potential of green digital finance and green agricultural growth to contribute to the green economic recovery of the BRICS economies. We examine the relationship between these variables using empirical data and various statistical techniques, including vector error correction, co-integration, unit root tests and long-run analysis. Our results suggest that well-functioning financial institutions play a crucial role in facilitating the structural transformation of green digital finance and promoting green agricultural growth to achieve green economic recovery in the BRICS region. Our findings underscore the need for pro-financial and green economic development policies and institutions to support and enhance economic recovery. Our results are robust and supported by our study. We also suggest future research directions for stakeholders interested in promoting sustainable economic growth in the BRICS countries.

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Authors and Affiliations

  1. School of Economics and Management, Hebei Oriental University, Langfang, 065000, China

    BaiHui Wang & KaiJie Zhang

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  1. BaiHui Wang
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BaiHui Wang: conceptualization, data collection, methodology, software and validation; KaiJie Zhang: writing of original draft.

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Correspondence to KaiJie Zhang.

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Wang, B., Zhang, K. Impact of green digital finance on green economic recovery and green agricultural development: implications for green environment. Environ Sci Pollut Res 30, 107611–107623 (2023). https://doi.org/10.1007/s11356-023-29599-y

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