Table 1.

List of some selected studies on finance and environmental externalities

StudyPeriodAreaMethodFocus
(Shahbaz et al., 2016)1985-2014PakistanAsymmetric ARDLFinancial development indicators based on banks and the stock market impede the environment
(Gao, 2023)1990-2020Some selected developing economiesAugmented Mean Group (AMG)Financial inclusion and natural resources rent impact the green economy
(Bu et al., 2023)2000-2020E7 economiesCS-ARDLThe positive role of financial inclusion, natural resources and urbanization in the destruction of the environment
(Ali et al., 2022)1990-2016ECOWAS economiesAMG, CCEMG, PMGFinancial inclusion, natural resources, GDP and urbanization boost pressure on ecological footprints

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