Do environmental quality, financial inclusion, and good governance ensure the FDI sustainably in Belt and Road countries? Evidence from an application of CS-ARDL and NARDL

Domestic capital adequacy and sustainable economic growth are heavily reliant on technological advancement, managerial know-how, money supply in the economy. In this context, FDI has emerged is placed at an apex position due to its unprecedented impact achieving sustainability across world. The motivation of study scale effects good governance, financial inclusion, environmental quality inflows BRI nations for period from 1990 2020. Several panel econometrical tools have been applied, example, CDS, CADF, CIPS, CS-ARDL, NARDL, investigate association explanatory variables elasticity nations. CDS results revealed that research units share common dynamism second-generation unit root test-documented stationary after first difference. co-integration with error-correction term confirmed empirical equation’s long-run association. According CS-ARDL assessment, positive statistically significant impacts documented, inflows. Study findings suggest governmental effectiveness, easy access services benefits, a less-regulated concern economy motivate transfer decisions. asymmetric assessment documented between FI, GG, EQ, FDI. Referring shock elasticity, disclosed relation inflows, especially long run. directional causality test bidirectional running [FI??FDI; GG??FDI; EQ??FDI] short-run.