Aghaei, M. (2016). Investigation the dynamic relationship between energy and economic growth in different energy carriers and various economic sectors: Application of ARDL bounding test. Quarterly Journal of Economic Research, 12(49), 103-161.
(In Persian)
Alsagr, N. (2023). How environmental policy stringency affects renewable energy investment? Implications for green investment horizons. Utilities Policy, 83, Article 101613
Alsagr, N., & Ozturk, I. (2024). Natural resources rent and green investment: Does institutional quality matter? Resources Policy, 90, 104709.
Alsagr, N. (2024). Revisiting the natural resources rent and financial development nexus: Does geopolitical risk and corruption really matter? Resources Policy, 89, 104638.
Alexeev, M., & Conrad, R. (2011). The elusive curse of oil. The Review of Economics and Statistics, 93(3), 754-768.
Anders, S., & Robinson, R. (2021). Environmental policy and firm performance: Evidence from Europe. Journal of Environmental Economics and Management, 108, 102443.
Assari, A., Naseri, A., & Aghaei, M. (2008). Financial development and economic growth: Comparing OPEC and non-oil developing countries with using generalized method of moments (GMM). Journal of Economic Research (Tahghighat-E-Eghtesadi), 43(1) (In Persian)
Auty, R.M. (1993). Sustaining development in mineral economies: The resource curse thesis. Routledge.
Babaki, R., Bakihoskoei, M., & Effti, M. (2019). The interaction effect of financial development and foreign direct investment on domestic investment: Evidence from East and West Asian countries, including Iran. Econometric Modeling, 15(4), 155-178.(In Persian)
Baltagi, B.H., Demetriades, P.O., & Law, S.H. (2009). Financial development and openness: Evidence from panel data. Journal of Development Economics, 89(2), 285–296.
Beck, T. (2011). Finance and oil: Is there a resource curse in financial development? European Banking Center Discussion Paper, 2011-004.
Beck, T., & Levine, R. (2004). Stock markets, banks, and growth: Panel evidence. Journal of Banking & Finance, 28(3), 423-442.
Ben-Salha, O., Dachraoui, H., & Sebri, M. (2018). Natural resource rents and economic growth in the top resource-abundant countries: A PMG estimation. Resources Policy, 59, 411-426.
Blanco, L., & Grier, R. (2012). Natural resource dependence and the accumulation of physical and human capital in Latin America. Resources Policy, 37(3), 281–295.
Chen, R., & Majeed, M. T. (2024). How does green investment respond to ICT and financial development? Borsa Istanbul Review. In Press, Corrected Proof.
Chuanmin, H. (2021). Green finance in China: Current practice and future potential. Environmental Science and Pollution Research, 28, 42824-42834.
Cui, X., Said, R. M., Rahim, N. A., & Ni, M. (2024). Can green finance lead to green investment? Evidence from heavily polluting industries. International Review of Financial Analysis
Daniele, V. (2011). Natural resources and the ‘quality’ of economic development. Journal of Development Studies, 47(4), 545–573.
Dahmarde, N., & Esnaashari, H. (2015). The role of financial development on investment in the agricultural sector of Iran. Agricultural Economics and Development, 23(91), 189-210. (In Persian)
Ding, Q., Huang, J., & Chen, J. (2023). Does digital finance matter for corporate green investment? Evidence from heavily polluting industries in China. Energy Economics, 117, 106476.
Dwumfour, R.A., & Ntow-Gyamfi, M. (2018). Natural resources, financial development and institutional quality in Africa: Is there a resource curse? Resources Policy, 59, 411-426.
Farza, R., Meier, S., & Jones, P. (2021). Sustainable finance and green growth: Evidence from emerging markets. Journal of Sustainable Finance & Investment, 11(3), 234-251.
Farzinvosh, A., & Azizmohammadi, H. (2012). The relationship between financial development and private investment in the Iranian economy. Quarterly Journal of Monetary and Financial Economics, 19(4), 23-59. (In Persian)
Goldsmith, R. W. (1969). Financial structure and development. Yale University Press.
Gylfason, T. (2001). Natural resources education and economic development. European Economic Review, 45(4), 847–859.
Gylfason, T., & Zoega, G. (2006). Natural resources and economic growth: The role of investment. World Economy, 29, 1091–1115.
He, J., He, L., & He, Y. (2019). The role of financial development in determining renewable energy investments in China. Renewable and Sustainable Energy Reviews, 100, 28-36.
Hunjra, A. I., Hanif, M., & Ahmad, H. (2023). The impact of green finance on renewable energy investments: Evidence from developing economies. Renewable Energy, 189, 123-136.
Hung, N. T. (2023). Green investment, financial development, digitalization, and economic sustainability in Vietnam: Evidence from a quantile-on-quantile regression and wavelet coherence. Technological Forecasting & Social Change, 186, 122185.
Islam, F., Shahbaz, M., & Alam, M. M. (2014). Financial development and energy consumption nexus in Malaysia: A multivariate time series analysis. Economic Modelling, 30, 435-441.
IRENA. (2020). Renewable energy and jobs – Annual review 2020. International Renewable Energy Agency.
Ji, Q., & Zhang, D. (2019). How financial innovations influence green investment: Evidence from green bonds and renewable energy funds. Journal of Cleaner Production, 235, 1266-1276.
Judith, C., Daniel, D.-F., David, H., & Helen, K. (2020). The role of the European investment bank in times of COVID-19. Public Banks Covid-19: Combatting the Pandemic with Public Finance, Municipal Services Project (Kingston) and UNCTAD (Geneva). 1, 135–148.
King, R. G., & Levine, R. (1993). Finance, entrepreneurship, and growth: Theory and evidence. Journal of Monetary Economics, 32(3), 513-542.
Krueger, A. B., Matsui, S., & Wang, Z. (2020). The economic impact of environmental regulations on firms: Evidence from the US manufacturing sector. Journal of Environmental Management, 270, 110904.
Levine, R. (1997). Financial development and economic growth: Views and agenda. Journal of Economic Literature, 35(2), 688-726.
Li, W., Fan, J., & Zhao, J. (2022). Has green finance facilitated China’s low-carbon economic transition? Environmental Science and Pollution Research, 29, 57502–57515.
Lindblad, C. (2015). The influence of financial markets on renewable energy development. Energy Policy, 78, 38-44.
Liu, Y., & Wang, L. (2023). The relationship between green finance and sustainable development: Evidence from China. Environmental Science and Pollution Research, 30, 21819-21830.
Lv, Z. (2020). Financial development and carbon emissions in China: Evidence from a spatial econometric analysis. Energy Economics, 88, 104773.
Lv, Z., Li, L., & Wang, H. (2021). Does financial development promote green technology innovation? Evidence from China. Journal of Cleaner Production, 278, 123949.
Mahalik, M. K., Babu, M. S., Loganathan, N., & Shahbaz, M. (2015). Does financial development intensify energy consumption in Saudi Arabia? Renewable and Sustainable Energy Reviews, 51, 1615-1620.
Mirza, F. M., Majeed, M. T., & Saeed, A. (2023). Green investment and environmental quality: Evidence from South Asian countries. Journal of Environmental Management, 321, 115716.
Muganyi, T., Agyemang, O. S., & Boateng, E. (2021). Financial development, energy consumption, and sustainable development in Africa. Energy Policy, 149, 112046.
Musah, M., Owusu-Akomeah, M., Kumah, E.A., Mensah, I.A., Nyeadi, J.D., & Murshed, M. (2022). Green investments, financial development, and environmental quality in Ghana: Evidence from the novel dynamic ARDL simulations approach. Environmental Science and Pollution Research, 1–30.
Nili, M., & Rastad, M. (2007). Addressing the growth failure of the oil economies: The role of financial development. Quarterly Review of Economics and Finance, 46, 726-740.
Pang, J., Chen, X., & Wang, Y. (2022). The nexus between financial development and green growth: Evidence from Asian economies. Journal of Cleaner Production, 341, 130914.
Pesaran, M.H., & Shin, Y. (1998). An autoregressive distributed-lag modelling approach to cointegration analysis. Econometric Society Monographs, 31, 371–413.
Pesaran, M.H., Shin, Y., & Smith, R. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, 289–326.
Porter, M. E. (1991). America’s green strategy. Scientific American, 264(4), 168.
Qamruzzaman, M., & Karim, S. (2023). Clarifying the relationship between green investment, technological innovation, financial openness, and renewable energy consumption in MINT. Heliyon, 9, e21083.
Rajan, R. G., & Zingales, L. (1998). Financial dependence and growth. American Economic Review, 88(3), 559-586.
Rokhmawati, A. (2021). The nexus among green investment, foreign ownership, export, greenhouse gas emissions, and competitiveness. Energy Strategy Reviews, 37, 100679.
Saadaoui, J. (2022). Financial development and renewable energy investment: A comparative analysis across MENA economies. Energy Policy, 147, 111847.
Sachs, J.D., & Warner, A.M. (2001). The curse of natural resources. European Economic Review, 45, 827-838.
Sachs, J.D., & Warner, A.M. (1999). The big push, natural resource booms and growth. Journal of Development Economics, 59(1), 43–76.
Shi, X., Li, W., & Zhang, Y. (2022). Financial development and renewable energy investment: A comparative analysis across MENA economies. Energy Policy, 147, 111847.
Shen, Y., Su, Z.-W., Yousaf, M., Umar, M., Khan, Z., & Khan, M. (2020). Does green investment, financial development, and natural resources rent limit carbon emissions? A provincial panel analysis of China. Science of the Total Environment.
Strandholm, K., & Espinola-Arredondo, A. (2020). Green finance and its role in sustainable development: Evidence from Europe. Sustainable Development, 28(4), 741-750.
Stulz, R. M. (2000). Financial structure, corporate finance, and economic growth. International Review of Finance, 1(1), 11-38.
Sun, P., Li, Y., & Ma, Y. (2020). Financial development and energy consumption: Cross-country empirical analysis. Journal of Cleaner Production, 248, 119181.
Suo, C., Li, Y.P., Nie, S., Lv, J., Mei, H., & Ma, Y. (2021). Analyzing the effects of economic development on the transition to cleaner production of China’s energy system under uncertainty. Journal of Cleaner Production, 279, 123725.
Tao, R., Yang, S., & Lin, H. (2022). The impact of financial development on renewable energy investments: Evidence from a global perspective. Journal of Cleaner Production, 351, 131529.
Testa, F. (2016). Factors affecting environmental management by small and micro firms: The importance of entrepreneurs’ attitudes and environmental investment. Corporate Social Responsibility and Environmental Management, 23, 373–385.
Tian, J., Sun, S., Cao, W., Bu, D., & Xue, R. (2024). Make every dollar count: The impact of green credit regulation on corporate green investment efficiency. Energy Economics, 130, 107307.
Tran, V. T., Doan, T. T., & Hoang, M. D. (2020). Green finance and environmental sustainability: Evidence from ASEAN countries. Environmental Science and Pollution Research, 27, 28496-28509.
UNEP. (2021). Global Environment Outlook – GEO-6: Healthy Planet, Healthy People. United Nations Environment Programme.
Wang, J., Zhang, L., & Wu, G. (2022). Green finance and energy intensity: An empirical study from Chinese provinces. Energy Policy, 147, 111915.
Yuxiang, K., & Chen, Z. (2011). Resource abundance and financial development: Evidence from China. Resources Policy, 36, 72–79.
Yuan, X., Qin, M., Zhong, Y., & Nicoleta-Claudia, M. (2023). Financial roles in green investment based on the quantile connectedness. Energy Economics, 117, 106481.
Zhang, X., Liu, H., & Wang, L. (2021). The impact of financial development on regional energy consumption: A case study of China. Energy Economics, 93, 105020.
Zhou, Y., Wang, Q., & Li, S. (2023). Green finance and its impact on energy efficiency: Evidence from Chinese firms. Journal of Cleaner Production, 304, 127109.
Zhao, L., Zhu, T., Shi, J., Kang, X., & Chen, H. (2024). Green investment, financial efficiency, and sustainable development: Dual perspectives of enterprise cost and government guidance. Applied Spatial Analysis and Policy, 17(799–821).
)