Green economic revival acquisition: evaluating impact of digital finance and natural resource development.
Carbon emission
Digital finance
Economic recovery
Financial stability
Natural resource development
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Oct 2023
Oct 2023
Historique:
received:
26
02
2023
accepted:
01
08
2023
medline:
6
11
2023
pubmed:
26
9
2023
entrez:
25
9
2023
Statut:
ppublish
Résumé
Digital financing is an emerging source after COVID-19 to address novel problems of economies and different industries. With the growing concern about the sustainability of the global environment, developing countries are now moving toward unprecedented economic development. This research analyzes the impact of digital finance and economic growth on environmental sustainability in China from 1995 to 2020, focusing on natural resource management. To include asymmetric patterns and handle socioeconomic shocks during the last three decades, the research uses the cutting-edge ordinary least square (O.L.S.) methodology. The O.L.S. helps the research findings and illustrated patterns of ecological sustainability dependency across various data distributions. According to the empirical results, N.R., F.D.P., and G.D.P. all benefited from carbon emissions at higher and lower emissions quantiles. Green technology innovation, on the other hand, considerably reduces emissions across all quantiles. Notably, the effect of each repressor significantly changed for lower, medium, and higher emissions quantiles, showing a thorough understanding of China's resource scarcity and sustainable growth.
Identifiants
pubmed: 37749476
doi: 10.1007/s11356-023-29180-7
pii: 10.1007/s11356-023-29180-7
doi:
Substances chimiques
Carbon
7440-44-0
Isoflavones
0
Soybean Proteins
0
Carbon Dioxide
142M471B3J
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
108667-108680Informations de copyright
© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
Références
Bai X, Wang KT, Tran TK, Sadiq M, Trung LM, Khudoykulov K (2022) Measuring China’s green economic recovery and energy environment sustainability: econometric analysis of sustainable development goals. Econ Anal Policy 75:768–779
doi: 10.1016/j.eap.2022.07.005
Barbier EB (2010) Green stimulus, green recovery and global imbalances. World Economics 11(2):149–177
Cai S. (2023). Impact of digitization on green economic recovery: a shred of empirical evidence from China. Economic Change and Restructuring, 1–23.
Cao L (2023) How green finance reduces CO
doi: 10.1007/s11356-022-22365-6
Chang L, Zhang Q, Liu H. (2022). Digital finance innovation in green manufacturing: a bibliometric approach. Environmental Science and Pollution Research, 1–29.
Chang L, Iqbal S, Chen H (2023) Does financial inclusion index and energy performance index co-move?. Energy Policy 174:113422
Dai X, Rao F, Liu Z, Mohsin M, Taghizadeh-Hesary F (2023) Role of public and private investments for green economic recovery in the post-COVID-19. Econ Res-Ekonomska Istraživanja 36(1):1146–1166
doi: 10.1080/1331677X.2022.2081865
Fang D, Zhang X (2021) The protective effect of digital financial inclusion on agricultural supply chain during the covid-19 pandemic: evidence from China. J Theor Appl Electron Commer Res 16(7):3202–3217
doi: 10.3390/jtaer16070174
Feng S, Chong Y, Li G, Zhang S (2022) Digital finance and innovation inequality: evidence from green technological innovation in China. Environ Sci Pollut Res 29(58):87884–87900
doi: 10.1007/s11356-022-21826-2
Gao M (2023) Role of financial inclusion and natural resources for green economic recovery in developing economies. Resour Policy 83:103537
doi: 10.1016/j.resourpol.2023.103537
Gomber P, Koch JA, Siering M (2017) Digital Finance and FinTech: current research and future research directions. J Bus Econ 87:537–580
Hou H, Zhu Y, Wang J, Zhang M (2023) Will green financial policy help improve China’s environmental quality? The role of digital finance and green technology innovation. Environ Sci Pollut Res 30(4):10527–10539
doi: 10.1007/s11356-022-22887-z
Hsu CC, Chau KY, Chien F (2023) Natural resource volatility and financial development during Covid-19: Implications for economic recovery. Resour Policy 81:103343
doi: 10.1016/j.resourpol.2023.103343
Hu X (2023) Green economic recovery in central Asia by utilizing natural resources. Resour Policy 83:103582
doi: 10.1016/j.resourpol.2023.103582
Huang SZ (2022) Do green financing and industrial structure matter for green economic recovery? Fresh empirical insights from Vietnam. Economic Analysis and Policy 75:61–73
doi: 10.1016/j.eap.2022.04.010
Huang X, Lei C (2023) Covid-19 impact on financial growth and guidelines for green recovery in BRICS: fresh insights from econometric analysis. Econ Chang Restruct 56(2):1243–1261
doi: 10.1007/s10644-022-09460-x
Huang W, Saydaliev HB, Iqbal W, Irfan M (2022) Measuring the impact of economic policies on CO
doi: 10.1142/S2010007822400103
Iqbal S, Bilal AR (2021) Energy financing in COVID-19: How public supports can benefit?. China Finance Review International 12(2):219–240
Iqbal S, Bilal AR, Nurunnabi M, Iqbal W, Alfakhri Y, Iqbal N (2021) It is time to control the worst: Testing COVID-19 outbreak, energy consumption and CO 2 emission. Environ Sci Pollut R 28:19008–19020
Irfan M, Razzaq A, Sharif A, Yang X (2022) Influence mechanism between green finance and innovation: exploring regional policy intervention effects in China. Technol Forecast Soc Chang 182:121882
doi: 10.1016/j.techfore.2022.121882
Jingpeng L, Ullah A, Raza SA, Ahmed M (2023) Nonlinear and nonparametric causal relationship between financial inclusion and sustainable environment in South Asia. Environ Sci Pollut Res 30(1):2218–2232
doi: 10.1007/s11356-022-22301-8
Kong Q, Li R, Ni Y, Peng D (2022) Does China’s green economic recovery generate a spatial convergence trend: an explanation using agglomeration effects and fiscal instruments. Econ Chang Restruct 55(4):2499–2526
doi: 10.1007/s10644-022-09396-2
Kumar S, Sindhu SS, Kumar R (2022) Biofertilizers: an ecofriendly technology for nutrient recycling and environmental sustainability. Current Res Microbial Sci 3:100094
doi: 10.1016/j.crmicr.2021.100094
Li W, Chien F, Ngo QT, Nguyen TD, Iqbal S, Bilal AR (2021) Vertical financial disparity, energy prices and emission reduction: empirical insights from Pakistan. J Environ Manage 294:112946
doi: 10.1016/j.jenvman.2021.112946
Li L, Wu B, Patwary AK (2022) How marine tourism promote financial development in sustainable economy: new evidences from South Asia and implications to future tourism students. Environ Sci Pollut Res 29:1155–1172
doi: 10.1007/s11356-021-15709-1
Lim MT, Nimellnair S (2021) Impact of Covid-19 on developments of bioenergy in Malaysia and digital financing for post pandemic recovery. Asian J Res Business Management 3(2):14–25
Liu H, Yao P, Latif S, Aslam S, Iqbal N. (2022). Impact of Green financing, FinTech, and financial inclusion on energy efficiency. Environmental Science and Pollution Research, 1–12.
Lu D, Wang Z. (2023). Towards green economic recovery: how to improve green total factor productivity. Economic Change and Restructuring, 1–23.
Martawardaya B, Rakatama A, Junifta DY, Maharani DA (2022) Green economy post COVID-19: insights from Indonesia. Dev Pract 32(1):98–106
doi: 10.1080/09614524.2021.2002817
Mou YG, Ma M (2022) Measuring the role of consuming natural resource domination and social media for green economic recovery. Resour Policy 79:103001
doi: 10.1016/j.resourpol.2022.103001
Ozili PK (2018) Impact of digital finance on financial inclusion and stability. Borsa Istanbul Rev 18(4):329–340
doi: 10.1016/j.bir.2017.12.003
Parmentola A, Petrillo A, Tutore I, De Felice F (2022) Is blockchain able to enhance environmental sustainability? A systematic review and research agenda from the perspective of Sustainable Development Goals (S.D.G.s). Business Strategy Environment 31(1):194–217
doi: 10.1002/bse.2882
Patwary AK (2023) Examining environmentally responsible behaviour, environmental beliefs and conservation commitment of tourists: a path towards responsible consumption and production in tourism. Environ Sci Pollut Res 30(3):5815–5824
doi: 10.1007/s11356-022-22577-w
Patwary AK, Omar H, Tahir S (2021) The impact of perceived environmental responsibility on tourists’ intention to visit green hotel: the mediating role of attitude. Geo Journal of Tourism and Geosites 34(1):9–13
doi: 10.30892/gtg.34101-612
Patwary AK, Aziz RC, Hashim NAAN. (2022a). Investigating tourists’ intention toward green hotels in Malaysia: a direction on tourist sustainable consumption. Environmental Science and Pollution Research, 1–12.
Patwary AK, Mohd Yusof MF, Bah Simpong D, Ab Ghaffar SF, Rahman MK. (2022b). Examining proactive pro-environmental behaviour through green inclusive leadership and green human resource management: an empirical investigation among Malaysian hotel employees. Journal of Hospitality and Tourism Insights.
Pavlidis G (2021) Europe in the digital age: regulating digital finance without suffocating innovation. Law Innov Technol 13(2):464–477
doi: 10.1080/17579961.2021.1977222
Ruan S, Wan G, Le X, Zhang S, Yu C (2023) Combining the role of the banking sector and natural resource utilization on green economic development: evidence from China. Resour Policy 83:103671
doi: 10.1016/j.resourpol.2023.103671
Sakyi-Nyarko C, Ahmad AH, Green CJ (2022) The gender-differential effect of financial inclusion on household financial resilience. The J Develop Studies 58(4):692–712
doi: 10.1080/00220388.2021.2013467
Shang Y, Qi P, Chen H, Yang Q, Chen Y (2023) COVID-19 and its impact on tourism sectors: implications for green economic recovery. Econ Chang Restruct 56(2):941–958
doi: 10.1007/s10644-022-09456-7
Sharif A, Saqib N, Dong K, Khan SAR. (2022). Nexus between green technology innovation, green financing, and CO
Shestak V, Kiseleva A, Kolesnikov Y. (2021). Taxation issues for digital financial assets. Social Science Computer Review, 08944393211003919.
Siddik AB, Zheng GW. (2021). Green finance during the COVID-19 pandemic and beyond: implications for green economic recovery.
Sinha A, Mishra S, Sharif A, Yarovaya L (2021) Does green financing help to improve environmental & social responsibility? Designing S.D.G framework through advanced quantile modelling. J Environ Management 292:112751
doi: 10.1016/j.jenvman.2021.112751
Taghizadeh-Hesary F, Hyun S. (Eds.). (2022). Green Digital Finance and Sustainable Development Goals. Springer Nature.
Telfah S, Chau KY, Tran TK, Bui AT, Tai NT, Phan TTH (2023) Role of financial markets and natural resource utilization in green economic recovery: evidence from selected developing economies. Resour Policy 83:103761
doi: 10.1016/j.resourpol.2023.103761
Tian J, Yu L, Xue R, Zhuang S, Shan Y (2022) Global low-carbon energy transition in the post-COVID-19 era. Appl Energy 307:118205
doi: 10.1016/j.apenergy.2021.118205
Tu CA, Chien F, Hussein MA, Ramli MM, YANTO, S PSI, MS, Iqbal S, Bilal AR (2021) Estimating role of green financing on energy security, economic and environmental integration of BRI member countries. Singapore Econ Rev 1–19
Ullah A, Ahmed M, Raza SA, Ali S (2021) A threshold approach to sustainable development: nonlinear relationship between renewable energy consumption, natural resource rent, and ecological footprint. J Environ Manage 295:113073
doi: 10.1016/j.jenvman.2021.113073
Wang KL, Zhu RR, Cheng YH (2022) Does the development of digital finance contribute to haze pollution control? Evidence from China Energies 15(7):2660
doi: 10.3390/en15072660
Wang J, Xue Y, Han M (2023b) Impact of carbon emission price and natural resources development on the green economic recovery: fresh insights from China. Resour Policy 81:103255
doi: 10.1016/j.resourpol.2022.103255
Wang J, Cui M, Chang L. (2023a). Evaluating economic recovery by measuring the COVID-19 spillover impact on business practices: evidence from Asian markets intermediaries. Economic Change and Restructuring, 1–22.
Xia Y, Qiao Z, Xie G (2022) Corporate resilience to the COVID-19 pandemic: the role of digital finance. Pac Basin Financ J 74:101791
doi: 10.1016/j.pacfin.2022.101791
Xu J, She S, Gao P, Sun Y (2023) Role of green finance in resource efficiency and green economic growth. Resour Policy 81:103349
doi: 10.1016/j.resourpol.2023.103349
Zhang Y (2023) Impact of green finance and environmental protection on green economic recovery in South Asian economies: mediating role of FinTech. Econ Chang Restruct 56(3):2069–2086
doi: 10.1007/s10644-023-09500-0
Zhao L, Rasoulinezhad E (2023) Role of natural resources utilization efficiency in achieving green economic recovery: Evidence from BRICS countries. Resour Policy 80:103164
doi: 10.1016/j.resourpol.2022.103164
Zhao L, Chau KY, Tran TK, Sadiq M, Xuyen NTM, Phan TTH (2022b) Enhancing green economic recovery through green bonds financing and energy efficiency investments. Econ Anal Policy 76:488–501
doi: 10.1016/j.eap.2022.08.019
Zhao J, Wang J, Dong K. (2022a). The role of green finance in eradicating energy poverty: ways to realize green economic recovery in the post-COVID-19 era. Economic Change and Restructuring, 1–29.