Does Fintech influence green utilization efficiency of mineral resources? Evidence from China's regional data

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES Resources Policy Pub Date : 2024-11-17 DOI:10.1016/j.resourpol.2024.105404

Xiaodong Yang , Asif Razzaq

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Abstract

The extraction and utilization of mineral resources often lead to environmental pollution and resource depletion, highlighting the urgent need to improve green utilization efficiency. At the same time, Fintech, a fusion of financial services and technological innovation, transforms the traditional financial landscape and significantly affects natural resource markets. Given this, we examines the impact of Fintech on the mineral resources green utilization efficiency (Mrgue) across 30 provincial-level administrative regions in China from 2012 to 2021. The results show that Fintech significantly boosts Mrgue, particularly in the eastern regions of China. However, these effects are less pronounced in the central and western regions. The marginal impact of Fintech on Mrgue is notably positive and strengthens at higher quantiles. A significant improvement in Mrgue is observed only after Fintech surpasses a specific threshold. Lastly, Fintech promotes Mrgue by driving green technological innovation and optimizing the energy consumption structure. These findings offer insights for policymakers to understand Fintech's role better and leverage it to advance Mrgue.

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金融科技影响矿产资源的绿色利用效率吗？来自中国地区数据的证据

矿产资源的开采和利用往往导致环境污染和资源枯竭，提高绿色利用效率迫在眉睫。与此同时，金融科技（Fintech）作为金融服务与技术创新的融合，改变了传统的金融格局，并对自然资源市场产生了重大影响。有鉴于此，我们研究了2012-2021年金融科技对中国30个省级行政区矿产资源绿色利用效率（Mrgue）的影响。结果表明，金融科技显著提高了矿产资源绿色利用效率，尤其是在中国东部地区。然而，这些影响在中西部地区并不明显。金融科技对Mrgue的边际影响明显为正，并在较高的量级上增强。只有在金融科技超过特定临界值后，Mrgue 才会有明显改善。最后，Fintech 通过推动绿色技术创新和优化能源消费结构，促进了 Mrgue。这些发现为政策制定者更好地理解 Fintech 的作用并利用其促进 Mrgue 提供了启示。

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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.