The role of digital finance, technological innovation, and human development to utilize natural resources efficiently: Analysis from developing Asia

IF 3.5 4区社会学 Q2 ENVIRONMENTAL SCIENCES Natural Resources Forum Pub Date : 2024-08-22 DOI:10.1111/1477-8947.12533

Luo Hehua, Zahid Iqbal, Syed Zain Ul Abidin, Aiedh Mrisi Alharthi, Olayan Albalawi, Tian Tian

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Abstract

This study explores the transformative impact of the convergence of digital finance, technological innovation, and human development on the utilization of natural resources. Employing panel data from 1995 to 2019 for developing Asian nations and utilizing the CS Autoregressive Distributed Lag (CS‐ARDL) model, the research unveils a positive and significant relationship between all independent variables and the utilization of natural resources. The collaborative interplay among these variables has led to remarkable progress, profoundly influencing the sustainable management of the Earth's finite resources. Positioned at the forefront of the digital revolution, financial technologies (fintech) have emerged as potent instruments, facilitating access to financial services and fostering comprehensive economic growth. Within developing Asian nations, the intricate dynamics among digital finance, technological innovation, and human development hold substantial potential to optimize natural resource efficiency, promoting sustainable economic growth and environmental stewardship. The amalgamation of these factors plays a pivotal role in nurturing sustainable practices, mitigating environmental degradation and propelling fair socioeconomic development.

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数字金融、技术创新和人类发展对有效利用自然资源的作用：来自亚洲发展中国家的分析

本研究探讨了数字金融、技术创新和人类发展的融合对自然资源利用的变革性影响。研究采用 1995 年至 2019 年亚洲发展中国家的面板数据，并利用 CS 自回归分布滞后（CS-ARDL）模型，揭示了所有独立变量与自然资源利用之间的正向显著关系。这些变量之间的协同作用取得了显著进展，对地球有限资源的可持续管理产生了深远影响。金融技术（fintech）处于数字革命的前沿，已成为有力的工具，为获取金融服务提供了便利，并促进了全面的经济增长。在亚洲发展中国家，数字金融、技术创新和人类发展之间错综复杂的动态关系为优化自然资源效率、促进可持续经济增长和环境管理带来了巨大潜力。这些因素的结合在培育可持续做法、缓解环境退化和推动公平的社会经济发展方面发挥着关键作用。

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来源期刊

Natural Resources Forum 环境科学-环境科学

CiteScore

6.10

自引率

0.00%

发文量

审稿时长

>36 weeks

期刊介绍： Natural Resources Forum, a United Nations Sustainable Development Journal, focuses on international, multidisciplinary issues related to sustainable development, with an emphasis on developing countries. The journal seeks to address gaps in current knowledge and stimulate policy discussions on the most critical issues associated with the sustainable development agenda, by promoting research that integrates the social, economic, and environmental dimensions of sustainable development. Contributions that inform the global policy debate through pragmatic lessons learned from experience at the local, national, and global levels are encouraged. The Journal considers articles written on all topics relevant to sustainable development. In addition, it dedicates series, issues and special sections to specific themes that are relevant to the current discussions of the United Nations Commission on Sustainable Development (CSD). Articles must be based on original research and must be relevant to policy-making. Criteria for selection of submitted articles include: 1) Relevance and importance of the topic discussed to sustainable development in general, both in terms of policy impacts and gaps in current knowledge being addressed by the article; 2) Treatment of the topic that incorporates social, economic and environmental aspects of sustainable development, rather than focusing purely on sectoral and/or technical aspects; 3) Articles must contain original applied material drawn from concrete projects, policy implementation, or literature reviews; purely theoretical papers are not entertained.