Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330345 
Year of Publication: 
2025
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2300-8814 [Volume:] 19 [Issue:] 3 [Year:] 2025 [Pages:] 312-328
Publisher: 
VIZJA University, Warsaw
Abstract: 
China's robust economic growth serves as a key driver propelling the global economy forward. As such, understanding the factors influencing its sustainable economic growth remains a critical concern for stakeholders. In this context, this study aims to investigate the key determinants of China's sustainable economic growth. Specifically, it examines the effect of environmental quality, institutional quality and financial development on sustainability in the Chinese context. To achieve this, the study employs a range of econometric analyses, including Ordinary Least Square (OLS), Generalized Method of Moments (GMM), and Quantile Regression (QR), using data spanning 2002 to 2019. The empirical findings reveal that environmental quality, institutional quality and financial development significantly contribute to China's sustainable economic growth. Additionally, the interaction effects of the institutional environment provide nuanced insights into the relationship. This study offers valuable implications for policymakers, highlighting the need to prioritize impactful financial inclusion over mere financial sector expansion, alongside focusing on other growth-enhancing initiatives. This study contributes to the body of knowledge by providing empirical evidence of the interaction effect of the institutional environment within this framework.
Subjects: 
sustainable economic growth
China
financial development
Quantile Regression
global indicators
JEL: 
F36
G28
O43
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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