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Title Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS
ID_Doc 31562
Authors Lisha, L; Mousa, S; Arnone, G; Muda, I; Huerta-Soto, R; Zhai, SM
Title Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS
Year 2023
Published
Abstract Since the industrial revolution, the financial sector has become a significant claimant toward the growth of human society. However, supporting the adverse environmental projects in financial terms has raised several queries about creating a direct linkage between financial market products and the environment.This research examines the nexus between sustainability, green innovations, financial technologies (FinTech), financial development, and natural resources for BRICS economies during 2000-2019. Using the Method of Moments Quantile Regression (MMQR), the results show that FinTech and natural resources adversely impact environ-mental sustainability across all three ranges of quantiles (0.10th-0.30th, 0.40th-0.60, and 0.70th-0.90th). Conversely, green innovations and financial development promote environmental sustainability across lower to higher-order quantiles (0.10th-0.90th), while economic growth contributes to higher emissions at major quantiles. Similar findings are endorsed using alternative estimators and suggest practical policy implications.
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