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Green finance and economic resilience: Investigating the nexus with natural resources through econometric analysis

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  • Cao, Zhenzi
  • Tao, Ling

Abstract

The relationship between financial practices, ecological well-being, and economic resilience has received a lot of attention at a time when environmental sustainability and economic stability are significant issues. Exploring the nexus among green finance, economic resilience, and natural resources within the BRICS economies during the period 2000–2021, this study employs Quantile regression. This study unveils nuanced insights into the varying impacts of green finance on economic resilience across different quantiles of natural resource availability. The results highlight the pivotal role of green finance in fostering economic resilience, particularly in instances of resource scarcity or abundance. Moreover, the study sheds light on the importance of targeted policy interventions to maximize the positive impact of green finance on economic systems, especially in the context of natural resource constraints. This analysis contributes to both academic discourse and policy formulation, offering guidance for sustainable development strategies within the BRICS nations.

Suggested Citation

  • Cao, Zhenzi & Tao, Ling, 2023. "Green finance and economic resilience: Investigating the nexus with natural resources through econometric analysis," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 929-940.
    • Handle: RePEc:eee:ecanpo:v:80:y:2023:i:c:p:929-940
    DOI: 10.1016/j.eap.2023.09.033
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