IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723012813.html
   My bibliography  Save this article

Financial development and natural resource efficiency: Unlocking green growth potential

Author

Listed:
  • Yang, Zeshi
  • Fang, Ying
  • Peng, Nianjiao

Abstract

The study aims to test the nexus between financial development and natural resource efficiency to determine the green growth potential. The correlation between financial development and natural resource efficiency has been a topic of much scholarly and policy discussion. This research seeks to investigate the complex connection within the specific setting of China between the years 2000 and 2019. The empirical analysis uses the Autoregressive Distributed Lag (ARDL) model. The study examines how progress in the finance industry might facilitate green economic expansion by improving the effective exploitation of natural resources. The results of our study demonstrate a strong and lasting connection between measures of financial progress and metrics of natural resource efficiency. More specifically, enhanced availability of finance improved financial literacy, and higher investment in sustainable initiatives have been shown to have a favorable effect on the effective use of natural resources.

Suggested Citation

  • Yang, Zeshi & Fang, Ying & Peng, Nianjiao, 2024. "Financial development and natural resource efficiency: Unlocking green growth potential," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012813
    DOI: 10.1016/j.resourpol.2023.104570
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723012813
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104570?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012813. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.