| Title | Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation |
|---|---|
| ID_Doc | 31610 |
| Authors | Lv, ZJ; Chen, L; Ali, SA; Muda, I; Alromaihi, A; Boltayev, JY |
| Title | Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation |
| Year | 2024 |
| Published | |
| Abstract | The goal of achieving the Sustainable Development Goals (SDGs) has shifted the attention of all countries towards more environmentally sustainable concerns. This study estimates the role of natural resources and green technologies on energy transition and CO(2 )emission (the key indicators of sustainable development) under the moderating effect of fintech in resource abundant countries. The data spanning over 2000 to 2021 period is collected from the World Development Indicators (WDI) and OECD database and to conduct empirical estimation, the study uses Fully Modified OLS (FMOLS), Dynamic OLS (DOLS) and Method of Moments Quantile Regression (MMQR) estimation methods. The findings of FMOLS and DOLS estimations established that there is significant negative effect of green technologies and fintech on CO2 emission and significant and positive effect on energy transition. In contrast, natural resources exert positive effect on both CO2 emission and energy transition in selected countries. Introducing fintech as moderator does not significantly impact natural resources and CO(2 )emission and energy transition nexus, but it significantly and positively moderates the relationship of green technologies with CO2 emission and energy transition. MMQR estimation also establishes the similar results with significance varying at different quantile levels. The study recommends the concerned governments to facilitate more investment in research and development in green technologies and fintech industries to promote creative innovations. |
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