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Fintech and energy efficiency: Evidence from OECD countries

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  • Teng, Mingming
  • Shen, Minghao

Abstract

This study aims to analyze the impact of financial technology (Fintech) on energy efficiency. Using data from the OECD national panel for 2000–2018, this study examines the direct and indirect effects of fintech on energy efficiency using the undesirable super-efficiency three-stage SBM model. The results show that: (1) The overall trend of energy efficiency in the third stage after adjustment is close to that of the first stage, and the average values decrease. (2) Fintech directly contributes to the improvement of energy efficiency in OECD countries. And it indirectly enhances energy efficiency by increasing renewable energy consumption or environmental management patents. (3) Fintech companies specializing in the energy sector or located in North America can contribute more significantly to energy efficiency. The results may provide useful information regarding the development of fintech and energy efficiency in OECD countries.

Suggested Citation

  • Teng, Mingming & Shen, Minghao, 2023. "Fintech and energy efficiency: Evidence from OECD countries," Resources Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002611
    DOI: 10.1016/j.resourpol.2023.103550
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