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<p>To promote sustainable economic development, the government of India has approved regional and international treaties. Spanning the years 1990 to 2022, the present work investigates how natural resources, green financing, green technologies, and environmental innovations influence sustainable economic growth. This is calculated as environmentally adjusted multifactor production per unit of economic output. The work investigates the hypothesis of the research using the new Toda Yamamoto and Fourier autoregressive distributed lag (ARDL) approach. The results imply that while green technologies, green financing, and environmental improvements have a favourable impact, natural resources in the long term have a detrimental impact on economic growth. The Fourier Toda Yamamoto findings reveal one-way links between green innovation, sustainable economic growth, and green finance. The results of this study will affect policies guiding India's sustainable economic growth, green financing, and environmental advances. The government should create a strict policy to reduce negative impact on natural resources. To lower environmental damage and support sustainable economic development, the government should invest in renewable energy and environmentally friendly technologies.</p>

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The impact of green finance, green innovations, natural resources, and environmental innovations on sustainable economic growth in India: Fresh evidence from novel fourier-based approach

  • 期刊论文

  • 发表日期：

    2025年5月31日

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  • Palanisamy Manigandan,
  • Md Shabbir Alam,
  • Naushad Alam,
  • Ilhan Ozturk

摘要

To promote sustainable economic development, the government of India has approved regional and international treaties. Spanning the years 1990 to 2022, the present work investigates how natural resources, green financing, green technologies, and environmental innovations influence sustainable economic growth. This is calculated as environmentally adjusted multifactor production per unit of economic output. The work investigates the hypothesis of the research using the new Toda Yamamoto and Fourier autoregressive distributed lag (ARDL) approach. The results imply that while green technologies, green financing, and environmental improvements have a favourable impact, natural resources in the long term have a detrimental impact on economic growth. The Fourier Toda Yamamoto findings reveal one-way links between green innovation, sustainable economic growth, and green finance. The results of this study will affect policies guiding India's sustainable economic growth, green financing, and environmental advances. The government should create a strict policy to reduce negative impact on natural resources. To lower environmental damage and support sustainable economic development, the government should invest in renewable energy and environmentally friendly technologies.