Assessing the Link between Environmental Quality, Green Finance, Health Expenditure, Renewable Energy, and Technology Innovation

This study uses data from 1980 to 2020 analyze the explanatory power of renewable energy (RE), green finance (GF), and public health expenditure (PUHE) for environmental quality (ecological footprint: EF) in Kingdom Saudi Arabia (KSA). In order examine long- short-term effects, we ran both linear autoregressive distribution (ARDL) nonlinear (NARDL) models. The empirical results showed that, when estimating ARDL model, all variables have an impact on environment’s long-term quality, which has increased. Furthermore, NARDL model supports existence significant positive or negative shocks that support unbalanced relationship with movement over short long term. Overall, demonstrates critical role factors can enhance environment KSA setting. light this, advise policymakers encourage use additional sources expedite their efforts do so slow down damage.