" Determinants of Green Finance Growth: Evidence from Egypt " | ||
| المجلة العلمية للدراسات والبحوث المالية والتجارية | ||
| Volume 7, Issue 1, January 2026, Pages 29-102 PDF (1.97 M) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/cfdj.2025.384124.2260 | ||
| Author | ||
| Wael Mostafa Hassan Mohamed* | ||
| كليه العلوم الماليه والإداريه- جامعه فاروس بالإسكندريه | ||
| Abstract | ||
| The objective of this study is to provide insights into the growth of green finance in Egypt along with determination the main influential factors driving the growth of green finance. Rooted in a broad theoretical framework, the study synthesizes theoretical strands of sustainable development theory, environmental economics and Institutional Theory. Using a combined approaches of quantitative method such as bootstrap regression model and structure questionnaire-based approach, this research investigates the macroeconomic determinants of green finance growth in Egypt between 2019-2024 as per limitation of data availability about green finance in Egypt . Additionally, the structured questionnaire investigates the relationship between five factors (policy and regulation, market and demand, institutional and financial, economic and financial, and technological) and green finance growth in Egypt. The results of bootstrap regression analysis reveled that foreign direct investment (FDI ) is the only and the most significant factor that has a positive significant impact on green finance growth in Egypt, while the effect of GDP growth and Interest rate have no significant impact. The results of the questionnaire analysis also show that policy and regulation factors, market and demand factors, and economics and finance factors have a strong influence on green finance development; however, institutional and technology factors have a high influence degree on green finance development. The study contributes to the increasing literature of green finance and provides useful implications for policymakers and financial institutions in Egypt and other emerging countries while promoting the green finance area. | ||
| Keywords | ||
| Green Finance; Macroeconomic; FDI; Institutional Factors | ||
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