Digital Economy Advancement and Its Contribution to Green Growth in Asian Countries: Empirical Evidence From a Panel Data Approach

DOI

10.2991/978-94-6239-624-1_34How to use a DOI?

Keywords

Asia; digital economy; environmental regulation; green growth; sustainability

Abstract

This study investigates the influence of the digital economy on green growth across 39 Asian countries during the period 2010 to 2022. By employing panel data techniques and estimating Ordinary Least Squares, Fixed Effects, and Random Effects models, the analysis identifies the Random Effects specification as the most appropriate based on Breusch Pagan LM and Hausman tests. The findings indicate that the digital economy serves as a significant driver of green growth in Asia, reinforcing the transformative role of digital technologies in enhancing resource efficiency and reducing environmental pressures. Additional results reveal that foreign direct investment, government expenditure, and regulatory quality contribute positively to green growth, while economic development and financial development show negative effects. Furthermore, the interaction between the digital economy and government regulations demonstrates a strong amplifying effect, suggesting that regulatory frameworks can guide digital transformation toward environmentally sustainable outcomes. The study underscores the need for coherent policy strategies that integrate digital innovation with green development objectives. These include strengthening green technology adoption, enhancing regulatory quality, expanding green finance mechanisms, promoting sustainable trade practices, and accelerating smart urban development. The results provide valuable implications for policymakers seeking to leverage digital transformation as a pathway to sustainable and low carbon growth in the Asian region.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lam Bao Anh
PY  - 2026
DA  - 2026/04/06
TI  - Digital Economy Advancement and Its Contribution to Green Growth in Asian Countries: Empirical Evidence From a Panel Data Approach
BT  - Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)
PB  - Atlantis Press
SP  - 453
EP  - 463
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-624-1_34
DO  - 10.2991/978-94-6239-624-1_34
ID  - Anh2026
ER  -