Abstract
Rising industrialization helps with economic growth and is responsible for environmental pollution as well as global warming. Here, green entrepreneurs play a significant role in the reduction of this environmental pollution and sustainable development. Although the study of green entrepreneurship and its relationship with economic, social and financial growth is limited and at a nascent stage. Therefore, this study examines the relationships among green entrepreneurship and credit policy, financial development, sustainable development goals and trade openness using the ‘Environmental Kuznets Curve (EKC) hypothesis’. From this perspective, 114 countries worldwide are considered and subdivided into three sub-categories, including lower-income, middle-income and higher-income countries, based on panel data collected from the World Bank’s database. Descriptive statistics, a cross-sectional dependence test, a unit root test, long-run estimations and a multicollinearity test have been used for the data analysis. The findings of the study show that green entrepreneurship decreases environmental pollution throughout the world and enhances financial development and credit policy around the world. Likewise, income per capita helps with credit policy, economic development and green entrepreneurship. Moreover, environmental factors are positively associated with financial development and sustainable development goals. Finally, the EKC hypothesis supports the relationship for all variables throughout panel and subpanel data. Additionally, these findings could help policymakers improve policies for managing environment-friendly products and enhance green funding, considering clean investment and other green aspects of sustainable development.
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