IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v90y2024ics0301420723013399.html
   My bibliography  Save this article

Exploring the dual role of financial inclusion and mineral resources in elevating sustainable development

Author

Listed:
  • Guan, Lu
  • Zhao, Chang

Abstract

The empirical paper investigates the relationship between financial inclusion, natural resources, economic growth, and environmental degradation. The importance of financial inclusion in alleviating poverty has been widely acknowledged in the literature. It refers to accessing and using financial services such as credits, transactions, remittances, and payments. By providing individuals with greater financial opportunities, financial inclusion promotes economic development. This study uses BRICS panel data to examine the effects of financial inclusion and natural resources on environmental degradation by considering the influence of renewable energy and GDP. Our findings reveal that financial inclusion and natural resources contribute to a reduction in environmental degradation. Additionally, renewable energy plays a significant role in mitigating environmental impact. Conversely, GDP growth is associated with increased environmental degradation. These empirical outcomes have important implications for policymakers. To promote sustainable development, policymakers should design policies encouraging the accumulation of natural resources, financial inclusion, and the adoption renewable energy. Our findings highlight the need for a holistic approach to economic growth that considers environmental sustainability a key factor.

Suggested Citation

  • Guan, Lu & Zhao, Chang, 2024. "Exploring the dual role of financial inclusion and mineral resources in elevating sustainable development," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420723013399
    DOI: 10.1016/j.resourpol.2023.104628
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723013399
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104628?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:90:y:2024:i:c:s0301420723013399. 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.