Balancing environmental sustainability through fintech, green finance natural resource, and economic growth in Asian economies - A Cup-FM and Cup-BC study

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES Resources Policy Pub Date : 2024-09-14 DOI:10.1016/j.resourpol.2024.105294

Lu Zhang , Wing-Keung Wong , Lunwu Liu , Ata Al Shraah , Badah Albasher , Zilola Shamansurova

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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.

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通过亚洲经济体的金融科技、绿色金融自然资源和经济增长平衡环境可持续性 - Cup-FM 和 Cup-BC 研究

目前，金融技术在支持经济发展方面发挥着重要作用。此外，人们对资源保护的认识也在不断提高。正在进行的研究揭示了有关选定亚洲国家的资源诅咒假设的可靠性。此外，研究还分析了两个主要经济指标对 COE 的影响，特别是绿色金融和金融科技。为实现其目标，分析时间跨度为 20 年（2000-2020 年）。分析采用了一种广泛的方法--Cup-FM 和 Cup-BC，以进行实证分析。分析结果表明，资源诅咒假说在选定的亚洲国家普遍存在。事实证明，金融科技是最大限度降低 COE 的重要工具。此外，绿色金融也是最大限度降低 COE 的重要工具。除此之外，GDP 也被证明是 COE 的相关驱动因素。分析提供了各种旨在改善被观察国家环境的特殊战略。目前，必须专注于自然资源的生态合理利用。此外，在总体决策领域，金融技术必须受到更多关注。现在，发展中国家必须投资绿色金融，以提高生态质量。

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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

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.