Table 1 Literature review of green finance and circular economy.

From: Two birds with one stone: can green finance drive the circular economy?

Source

Research object

Research Method

Dependent variable

Independent variable

Result

Khan et al., 2022

Asia

Empirical analysis

Ecological footprints

Green finance

Negative

Wang et al., 2022

Global perspective

China

Empirical analysis

Environmental, Social and Governance Index

Green finance

Positive

Wang and Zhi, 2016

China

Empirical analysis

Green total factor productivity

Green finance

Positive

Soundarrajan and Vivek, 2016

India

Empirical analysis

Green economic growth

Green finance

Positive

Rasoulinezhad and Taghizadeh-Hesary, 2022

Top 10 economies

Empirical analysis

Energy efficiency

Green finance

Positive

Huang et al., 2022

China

Empirical analysis

Green innovation

Green finance

Positive

Sharma et al., 2022

Bibliometric analysis

Empirical analysis

Renewable energy

Green finance

Positive