Nexus between fiscal imbalances, green fiscal spending, and green economic growth: empirical findings from E-7 economies

The green economy is viewed as a cost-effective means of achieving sustainability around the globe, and recent study inferred nexus between fiscal imbalances economic growth based on E-7 economies data. This paper attempts to answer how spending ensures stabilizes in economies. findings highlighted mechanism viability for growth. More specifically, results showed that extends Brazil with 30%, China 44%, India 11.8%, Indonesia 34%, Russia 29.7%, Turkey 22.4%, respectively. Based findings, following are our recommendations: (i) local governments should rebalance their budgets invest more public goods assess sustainable development, (ii) several development initiatives specific level be employed maximize spending.