The Influence of Green Finance on Social Development and Ecoefficiency

Abstract

This research utilized the Tobit regression model to examine the ecological productivity of Jordan and the influence of green financing on the nation's natural resources. This analysis encompasses several explanatory variables: regional eco-efficiency, availability of natural resources, and green financing. The data in this article were derived via calculations and an analysis of Foreign Direct Investment (FDI) based on the parameters outlined the reserch. To address autocorrelation and multicollinearity, we employed an approach that aggregated the logarithmic values of all variables from 2015 to 2024. The ecological efficacy of a nation exhibits an inverse correlation with resource quantity. A statistically significant inverted U-shaped pattern of resource availability exists in Jordanian regions. The eco-efficiency of the region in Jordan enhances due to foreign direct investment (FDI), contingent upon the consideration of adjustment factors.