Exploring Asia's Sustainable Future
A Panel Causality Analysis of Financial Growth, Technology, and Institutional Quality in Achieving Sustainable Development Goals
Bibliographic Data
| ID | 12307643 |
|---|---|
| Authors | Ninditya Nareswari (0000-0001-9715-0109, Institut Teknologi Sepuluh Nopember, Surabaya, Indonesia and Doctoral School University of Szczecin Szczecin Poland), Małgorzata Łuniewska (0000-0002-7338-1989, University of Szczecin), Małgorzata Tarczyńska‐Łuniewska (Institute of Economics and Finance University of Szczecin Szczecin Poland), Katarzyna Szopik‐Depczyńska (0000-0002-3054-0660, Institute of Management University of Szczecin Szczecin Poland, corresponding author), Graţiela Georgiana Noja (0000-0002-9201-3057, West University of Timisoara Faculty of Economics and Business Administration, Timisoara, Romania) |
| Year | 2025 |
| Volume | 33 |
| Issue | 4 |
| Pages | 5185-5196 |
| Publication date | 2025-02-23 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.3395 |
| OpenAlex | W4408336332 |
| Language | EN |
| Citations received | 2 |
| References cited | 49 |
Sustainable development goals (SDGs) address economic, social, and environmental issues, including in Asia. However, challenges such as inequality, environmental degradation, and governance remain. This study investigated the causal relationships between financial development, institutional quality, economic growth, technology, and foreign direct investment concerning SDGs in Asia. Using 2002–2021 data, the study began with cross‐sectional dependency and unit root tests. The Dumitrescu and Hurlin panel Granger causality analysis was then employed to examine causal relationships. The results showed a bidirectional causality between financial development, economic growth, and SDGs, indicating mutual influence. Further, technology demonstrated unidirectional causality with SDGs, indicating technology can predict SDGs, while SDGs showed unidirectional causality with institutional quality and foreign direct investment, indicating SDGs can predict institutional quality and foreign direct investment. Regional analysis covering Central, East, South, Southeast, and West Asia provided specific insights and recommendations. This study identified bidirectional causality between financial development, economic growth, and SDGs in Asia. It highlights technology's role in driving SDGs and offers region‐specific insights for addressing sustainability challenges
Business · Causality (physics · Econometrics · Economics · Environmental economics · Panel analysis · Panel data · Political science · Quality (philosophy · Sustainable development · Sustainable Growth Rate · Economic Growth and Development · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Finance
Testing for Cross-Sectional Dependence in Panel-Data Models
Assessing cross-sectional correlation in panel data
The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance
Testing for Granger non-causality in heterogeneous panels
General Diagnostic Tests for Cross Section Dependence in Panels
Testing for unit roots in heterogeneous panels
A simple panel unit root test in the presence of cross‐section dependence
Perceptions of South Africa’s higher education leaders on the realisation of sustainable development goal 4 quality education
Data Reporting as Care Infrastructure
The Role of Assistive Technology in Advancing Sustainable Development Goals
Institutional quality and renewable energy transition
Analyzing three Zeros (zero poverty, unemployment, and carbon emissions) in Asia and the Pacific region
Industrial upgrading in the semiconductor industry in East Asia
| Citations per year | 2 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |