location

European developing countries

Also known as: European developing countries, European developing economies

Facts (15)

Sources

Sustainability through business model innovation and climate ... nature.com Nature Jan 20, 2025 15 facts

measurementThe research study analyzed 11 Asian developing countries and 10 European developing countries over the period from 2000 to 2019.

measurementA 1% increase in green finance value corresponds to a 0.32% increase in sustainability outcomes in Asian developing economies and a 0.54% increase in European developing economies.

measurementAn increase in internet access and a decrease in the poverty ratio are associated with a reduction in the sustainable development index in both Asian and European developing economies.

claimEnterprise patents contribute to the advancement of sustainable development in Asian and European developing countries by driving innovation and technological advancement in environmental technologies.

measurementA 1% increase in the number of enterprise patents corresponds to a 0.18% increase in sustainability outcomes in Asian developing countries and a 0.26% increase in European developing countries.

measurementIn Asian developing economies, a 1% rise in enterprise patents leads to a 0.18% increase in sustainability, while in European developing economies, a 1% rise in enterprise patents leads to a 0.26% increase in sustainability.

measurementIn Asian developing economies, a 1% rise in green finance value correlates with a 0.32% increase in sustainability, while in European developing economies, a 1% rise correlates with a 0.54% increase.

claimThe impact of green finance and enterprise patents on sustainability is more substantial for European developing economies compared to Asian developing economies, attributed to Europe's more sophisticated financial market and knowledge-based economic structure.

measurementA 1% increase in electrification is associated with a 0.43% reduction in the sustainable development index in Asian developing economies and a 0.19% reduction in European developing economies.

claimElectricity access is identified as a significant barrier to sustainable development in both Asian and European developing economies.

measurementIn Asian developing economies, a 1% rise in green finance value leads to a 0.32% increase in sustainability, while in European developing economies, a 1% rise in green finance value leads to a 0.54% increase in sustainability.

claimA robustness analysis using Dynamic OLS (DOLS) confirmed the positive impacts of green finance value and enterprise patents on sustainability in both Asian and European developing economies.

measurementIn Asian developing economies, a 1% rise in enterprise patents correlates with a 0.18% increase in sustainability, while in European developing economies, a 1% rise correlates with a 0.26% increase.

claimIn European developing economies with advanced financial markets and knowledge-based economies, policies should focus on strengthening regulatory frameworks to encourage responsible investing and sustainable business strategies.

claimThe CUP-BC model analysis indicates that green finance value has a positive impact on sustainable development in both Asian and European developing economies.