IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v93y2024ics0301420724004410.html
   My bibliography  Save this article

Mineral resource rents, fintech technological innovation, digital transformation, and environmental quality in BRI countries: An insight using panel NL-ARDL

Author

Listed:
  • Iqbal, Shuja
  • Tian, Hongyun
  • Muneer, Saqib
  • Tripathi, Abhishek
  • Bani Ahmad, Ahmad Y.A.

Abstract

The prime objective of the current study is to investigate the impact of mineral resource rents, fintech technological innovation, and digital transformation on the environmental quality of 50 BRI countries. The panel data from the twenty years from 2000 to 2019 of the sample countries are used in the analysis of this study. The study has employed the Panel NL-ARDL to achieve the research objectives. Meanwhile, the current study has employed conventional unit root tests based on Augmented Dickey-Fuller (ADF) unit root tests, such as the LLC and IPS tests. This study employs the method of heterogeneous dynamic panel analysis. The results obtained from the FMOLS regression analysis provide a detailed comprehension of the complex connections between Mineral Resource Rent, Fintech, Digital Transformation, and CO₂ emissions; these findings indicate that countries with advanced financial technology or heavy reliance on Mineral resources are more likely to observe the favorable impacts of digital transformation on the environment. The study results imply that policymakers should investigate all-encompassing policies that exploit these interactions, recognizing that a complete approach can produce substantial and enduring environmental advantages. The interaction variables (NRRDTT and FNTINDTT) demonstrate the negative coefficients that emphasize the combined impact of Mineral resource rent, Finetch, and digital transformation. Policymakers in resource-dependent economies should consider strategies incorporating digitalization and financial technology to optimize their potential impact on environmental sustainability.

Suggested Citation

  • Iqbal, Shuja & Tian, Hongyun & Muneer, Saqib & Tripathi, Abhishek & Bani Ahmad, Ahmad Y.A., 2024. "Mineral resource rents, fintech technological innovation, digital transformation, and environmental quality in BRI countries: An insight using panel NL-ARDL," Resources Policy, Elsevier, vol. 93(C).
    • Handle: RePEc:eee:jrpoli:v:93:y:2024:i:c:s0301420724004410
    DOI: 10.1016/j.resourpol.2024.105074
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724004410
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.105074?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.

    References listed on IDEAS

    as
    1. Abdul Karim Feroz & Hangjung Zo & Ananth Chiravuri, 2021. "Digital Transformation and Environmental Sustainability: A Review and Research Agenda," Sustainability, MDPI, vol. 13(3), pages 1-20, February.
    2. Chei Bukari & Isaac Koomson, 2020. "Adoption of Mobile Money for Healthcare Utilization and Spending in Rural Ghana," Springer Books, in: Sefa Awaworyi Churchill (ed.), Moving from the Millennium to the Sustainable Development Goals, chapter 3, pages 37-60, Springer.
    3. Jonathan Kropko & Robert Kubinec, 2020. "Interpretation and identification of within-unit and cross-sectional variation in panel data models," PLOS ONE, Public Library of Science, vol. 15(4), pages 1-22, April.
    4. Simplice A. Asongu, 2018. "Conditional Determinants of Mobile Phones Penetration and Mobile Banking in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 81-135, March.
    5. Peter Pedroni, 1999. "Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 653-670, November.
    6. Bell, Andrew & Jones, Kelvyn, 2015. "Explaining Fixed Effects: Random Effects Modeling of Time-Series Cross-Sectional and Panel Data," Political Science Research and Methods, Cambridge University Press, vol. 3(1), pages 133-153, January.
    7. Arthi, Vellore & Parman, John, 2021. "Disease, downturns, and wellbeing: Economic history and the long-run impacts of COVID-19," Explorations in Economic History, Elsevier, vol. 79(C).
    8. Croutzet, Alexandre & Dabbous, Amal, 2021. "Do FinTech trigger renewable energy use? Evidence from OECD countries," Renewable Energy, Elsevier, vol. 179(C), pages 1608-1617.
    9. repec:bla:obuest:v:61:y:1999:i:0:p:653-70 is not listed on IDEAS
    10. Anser, Muhammad Khalid & Yousaf, Zahid & Nassani, Abdelmohsen A. & Vo, Xuan Vinh & Zaman, Khalid, 2020. "Evaluating ‘natural resource curse’ hypothesis under sustainable information technologies: A case study of Saudi Arabia," Resources Policy, Elsevier, vol. 68(C).
    11. Yang, Gangqiang & Nie, Yiming & Li, Honggui & Wang, Haisen, 2023. "Digital transformation and low-carbon technology innovation in manufacturing firms: The mediating role of dynamic capabilities," International Journal of Production Economics, Elsevier, vol. 263(C).
    12. Lina Sineviciene & Luc Hens & Oleksandr Kubatko & Leonid Melnyk & Iryna Dehtyarova & Svitlana Fedyna, 2021. "Socio-economic and cultural effects of disruptive industrial technologies for sustainable development," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 43(2/3), pages 284-305.
    13. Joseph Muchiri Githiria & Moshood Onifade, 2020. "The impact of mining on sustainable practices and the traditional culture of developing countries," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 10(4), pages 394-410, December.
    14. Chien, Fengsheng & Ajaz, Tahseen & Andlib, Zubaria & Chau, Ka Yin & Ahmad, Paiman & Sharif, Arshian, 2021. "The role of technology innovation, renewable energy and globalization in reducing environmental degradation in Pakistan: A step towards sustainable environment," Renewable Energy, Elsevier, vol. 177(C), pages 308-317.
    15. Hussain, Jamal & Khan, Anwar & Zhou, Kui, 2020. "The impact of natural resource depletion on energy use and CO2 emission in Belt & Road Initiative countries: A cross-country analysis," Energy, Elsevier, vol. 199(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yongming Huang & Bwimo Borniface Bebi & Soukzana ladtakoun, 2025. "Does financial development have an impact on mineral resource rents? Evidence from China," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 38(2), pages 337-357, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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).
    2. Irfan Khan & Fujun Hou, 2021. "The Impact of Socio-economic and Environmental Sustainability on CO2 Emissions: A Novel Framework for Thirty IEA Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(3), pages 1045-1076, June.
    3. Sinan Erdogan, 2024. "Linking natural resources and environmental sustainability: A panel data approach based on the load capacity curve hypothesis," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3182-3194, August.
    4. Lisha, Liu & Mousa, Saeed & Arnone, Gioia & Muda, Iskandar & Huerta-Soto, Rosario & Shiming, Zhai, 2023. "Natural resources, green innovation, fintech, and sustainability: A fresh insight from BRICS," Resources Policy, Elsevier, vol. 80(C).
    5. Xu, Haitao & Yang, Chengying & Li, Xuetao & Liu, Ruiyu & Zhang, Yonghong, 2024. "How do fintech, digitalization, green technologies influence sustainable environment in CIVETS nations? An evidence from CUP FM and CUP BC approaches," Resources Policy, Elsevier, vol. 92(C).
    6. Shah Fahad & Aftab Khan & Muhammad Waqas & Muhammad Luqman, 2024. "Scrutinizing the nexus: Energy, economic growth, and environmental quality: An approach toward achieving the Sustainable Development Goals (7, 13, and 8)," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 6999-7010, December.
    7. Xiuqin Zhang & Xudong Shi & Yasir Khan & Taimoor Hassan & Mohamed Marie, 2023. "Carbon Neutrality Challenge: Analyse the Role of Energy Productivity, Renewable Energy, and Collaboration in Climate Mitigation Technology in OECD Economies," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    8. Wang, Lei & Su, Chi Wei & Liu, Jing & Dong, Yuxing, 2024. "Sustainable development or smoke?: The role of natural resources, renewable energy, and agricultural practices in China," Resources Policy, Elsevier, vol. 88(C).
    9. Peng Yuelan & Muhammad Waqas Akbar & Zeenat Zia & Muhammad Imran Arshad, 2022. "Exploring the nexus between tax revenues, government expenditures, and climate change: empirical evidence from Belt and Road Initiative countries," Economic Change and Restructuring, Springer, vol. 55(3), pages 1365-1395, August.
    10. Jin, Taeyoung, 2022. "The evolutionary renewable energy and mitigation impact in OECD countries," Renewable Energy, Elsevier, vol. 189(C), pages 570-586.
    11. Tenaw, Dagmawe, 2025. "The dynamics of green energy, energy efficiency, economic productivity, and energy-driven emissions in SDG context: Is there a synergistic interplay?," Energy Economics, Elsevier, vol. 141(C).
    12. Zheng, ShiYong & Liu, Hua & Hafeez, Muhammad & Wang, Xiaofeng & Fahad, Shah & Yue, Xiao-Guang, 2023. "Testing the resource curse hypothesis: The dynamic roles of institutional quality, inflation and growth for Dragon," Resources Policy, Elsevier, vol. 85(PA).
    13. Liu, Hui & Chau, Ka Yin & Duong, Nam Tien & Hoang, Nguyen-Khai, 2024. "Fintech, financial inclusion, mineral resources and environmental quality. An economic advancement perspective from China and Vietnam," Resources Policy, Elsevier, vol. 89(C).
    14. Shah, Wasi Ul Hassan & Sarfraz, Muddassar & Yasmeen, Rizwana, 2025. "Unveiling the impact of natural energy resources depletion on energy industry productivity in top 10 economies: Moderating role of FinTech," Energy, Elsevier, vol. 315(C).
    15. Zia Ul Haq & Usman Mehmood & Salman Tariq & Ayesha Mariam, 2024. "The Impacts of Globalization and GDP on CO2 Emissions: Do Technological Innovation and Renewable Energy Lower Some Burden in SAARC Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 15499-15522, December.
    16. Zhang, Lu & Wong, Wing-Keung & Liu, Lunwu & Al Shraah, Ata & Albasher, Badah & Shamansurova, Zilola, 2024. "Balancing environmental sustainability through fintech, green finance natural resource, and economic growth in Asian economies - A Cup-FM and Cup-BC study," Resources Policy, Elsevier, vol. 98(C).
    17. Karasoy, Alper, 2022. "Is innovative technology a solution to Japan's long-run energy insecurity? Dynamic evidence from the linear and nonlinear methods," Technology in Society, Elsevier, vol. 70(C).
    18. Gutiérrez-Romero, Roxana & Ahamed, Mostak, 2021. "COVID-19 response needs to broaden financial inclusion to curb the rise in poverty," World Development, Elsevier, vol. 138(C).
    19. Abida Hafeez & Karim Bux Shah Syed & Fiza Qureshi, 2019. "Exploring the Relationship between Government R & D Expenditures and Economic Growth in a Global Perspective: A PMG Estimation Approach," International Business Research, Canadian Center of Science and Education, vol. 12(4), pages 163-174, April.
    20. George S. Chen & Emmanuel Kwaku Manu & Dennis Asante, 2023. "Achieving environmental sustainability in Africa: The role of financial institutions development on carbon emissions," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(5), pages 3272-3290, October.

    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:93:y:2024:i:c:s0301420724004410. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.