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Does Climate Policy Uncertainty Abate Financial Inclusion? An Empirical Analysis Through the Lens of Institutional Quality and Governance

2025-01-10Research article Open access
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datacite.subject.fosCiências Sociais
datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
datacite.subject.sdg13:Ação Climática
dc.contributor.authorAamir Aijaz Syeden_US
dc.contributor.authorSajid Hussain Miranien_US
dc.contributor.authorMuhammad Abdul Kamalen_US
dc.contributor.authorPaulo Jorge Silveira Ferreiraen_US
dc.date.accessioned2025-12-11T17:37:36Z
dc.date.available2025-12-11T17:37:36Z
dc.date.issued2025-01-10en_US
dc.date.updated2025-12-05T21:20:53Z
dc.description.abstractEnvironmental sustainability concerns have led to an increased focus on climate finance, resulting in substantial investments to boost financial sector development. However, recently, climate initiatives have encountered multiple policy uncertainties. This study aims to empirically investigate the impact of U.S. climate policy uncertainty (CPU) on Indian financial inclusion, in addition to exploring the moderating role of institutional quality on the aforementioned relationship. To achieve the above objectives, we first constructed two separate indexes for financial inclusion using the weighted method and principal component analysis. Next, to empirically estimate the above relationship, we employed the two-step system-generalized method of moments (Sys-GMM) and the sequential (two-stage) linear panel data model (SELPDM) on the sample data from 2000–2022. The Sys-GMM estimate test validated that climate policy uncertainty negatively influences India’s financial inclusion. However, institutional regulation and governance assist in moderating the negative influence of U.S. climate policy uncertainty on Indian financial inclusion initiatives. Furthermore, the study also confirmed that various dimensions of institutional regulation and governance exert a positive and significant effect on financial inclusion. Finally, the study validates that economic growth and technological advancement assist financial inclusion initiatives in India. The study is an original work and offers several policy recommendations.eng
dc.description.versionN/A
dc.identifier.citationSyed, A.A.; Mirani, S.H.; Kamal, M.A.; Silveira Ferreira, P.J. Does Climate Policy Uncertainty Abate Financial Inclusion? An Empirical Analysis Through the Lens of Institutional Quality and Governance. Sustainability 2025, 17, 520. https://doi.org/10.3390/ su17020520
dc.identifier.doi10.3390/su17020520en_US
dc.identifier.slugcv-prod-4479180
dc.identifier.urihttp://hdl.handle.net/10400.26/60328
dc.language.isoeng
dc.peerreviewedyes
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectclimate policy uncertaint
dc.subjectfinancial inclusion
dc.subjectclimate finance
dc.subjectsustainability
dc.subjectinstitutional regulations
dc.titleDoes Climate Policy Uncertainty Abate Financial Inclusion? An Empirical Analysis Through the Lens of Institutional Quality and Governanceen_US
dc.typeresearch articleen_US
dspace.entity.typePublication
oaire.citation.titleSustainabilityen_US
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
rcaap.cv.cienciaidB513-B46A-E5F3 | Paulo Jorge Silveira Ferreira
rcaap.rightsopenAccessen_US

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