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Digitalization of the financial market and green coal trade

Author

Listed:
  • Wang, Ping
  • Huang, Chengcheng
  • Zhou, Gang
  • Wu, Wenjun
  • Wu, Xinmeng

Abstract

In recent years, fintech advancements have influenced global coal trade patterns. This study analyzes the impact of fintech on coal trade across 80 countries from 2012 to 2019. Findings from the MGARDL model reveal that increased fintech activity reduces coal imports while boosting exports, suggesting enhanced trade efficiency and access to capital. Income inequality and private infrastructure investment negatively impact coal trade, likely due to restricted financial access and infrastructure limitations. Meanwhile, ICT development supports coal trade by streamlining logistics and finance. The study confirms a bidirectional relationship between fintech and coal trade, emphasizing mutual influence. Policy recommendations include promoting fintech adoption, encouraging sustainable investments, improving financial access, and expanding ICT infrastructure to foster a more sustainable coal trade.

Suggested Citation

  • Wang, Ping & Huang, Chengcheng & Zhou, Gang & Wu, Wenjun & Wu, Xinmeng, 2024. "Digitalization of the financial market and green coal trade," Resources Policy, Elsevier, vol. 99(C).
    • Handle: RePEc:eee:jrpoli:v:99:y:2024:i:c:s0301420724007736
    DOI: 10.1016/j.resourpol.2024.105406
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    More about this item

    Keywords

    Coal resource imports; Coal resource exports; Fintech; Green coal trade; PPI; GINI index;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • F18 - International Economics - - Trade - - - Trade and Environment
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources

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