Balancing environmental sustainability through fintech, green finance natural resource, and economic growth in Asian economies - A Cup-FM and Cup-BC study
{"title":"Balancing environmental sustainability through fintech, green finance natural resource, and economic growth in Asian economies - A Cup-FM and Cup-BC study","authors":"","doi":"10.1016/j.resourpol.2024.105294","DOIUrl":null,"url":null,"abstract":"<div><p>Financial technology is now playing a significant part in supporting the advancement of the economy. Moreover, there exists an escalating awareness concerning the safeguarding of resources. The ongoing research illuminates the reliability of the resource curse assumption concerning selected Asian nations. Moreover, it analyses the consequences of two major economic indicators on COE, notably green finance and fintech. The analysis took place over a time frame of 20 years (2000–2020) to attain its goal. The analysis incorporates an extensive approach, Cup-FM and Cup-BC for the empirical perusal. The analysis outcomes illustrate the prevalence of the resource curse hypothesis in selected Asian nations. Fintech has been proven to be an essential tool for minimizing COE. Additionally, green finance acts as an essential tool for minimizing COE. In addition to this, GDP has proven to be a pertinent driver of COE. The analysis provides a variety of particular strategies intended for strengthening the circumstances of observed nations. It is essential to concentrate on the ecologically sound utilization of natural resources at present. Additionally, financial technologies must receive more of the spotlight in the general policymaking field. It is mandatory now for developing nations, to invest in green finances to boost ecological quality.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2000,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Resources Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301420724006615","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
Financial technology is now playing a significant part in supporting the advancement of the economy. Moreover, there exists an escalating awareness concerning the safeguarding of resources. The ongoing research illuminates the reliability of the resource curse assumption concerning selected Asian nations. Moreover, it analyses the consequences of two major economic indicators on COE, notably green finance and fintech. The analysis took place over a time frame of 20 years (2000–2020) to attain its goal. The analysis incorporates an extensive approach, Cup-FM and Cup-BC for the empirical perusal. The analysis outcomes illustrate the prevalence of the resource curse hypothesis in selected Asian nations. Fintech has been proven to be an essential tool for minimizing COE. Additionally, green finance acts as an essential tool for minimizing COE. In addition to this, GDP has proven to be a pertinent driver of COE. The analysis provides a variety of particular strategies intended for strengthening the circumstances of observed nations. It is essential to concentrate on the ecologically sound utilization of natural resources at present. Additionally, financial technologies must receive more of the spotlight in the general policymaking field. It is mandatory now for developing nations, to invest in green finances to boost ecological quality.
期刊介绍:
Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.