Does resource-richness cause resources curse in financial market? A sustainable development overview for RCEP economies

被引:1
|
作者
Wang, Yong [1 ]
Duan, Yubin [1 ]
Dou, Jiali [2 ]
机构
[1] Anhui Sci & Technol Univ, Sch Finance & Econ, Bengbu 233030, Peoples R China
[2] Anhui Sci & Technol Univ, Sch Adm, Bengbu 233030, Peoples R China
关键词
Financial inclusion; Total natural resources rents; Renewable energy consumption; FDI; MMQ; RCEP Economies; POVERTY REDUCTION; INCLUSION; GROWTH; NEXUS; PANEL;
D O I
10.1016/j.resourpol.2022.103193
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
This study estimates the dynamic association between financial inclusion (FI) and economic growth (GDP) to examine the effect of FI on total natural resource rents (TNRR), GDP, and renewable energy consumption (REC). The current analysis explores the dynamic association between FI, TNRR, Foreign Direct Investment (FDI), and REC using panel data from China, Japan, Australia, Indonesia, and South Korea (RCEP) countries from 2004 to 2019. The Method of Moments Quantile Regression (MMQR) methodology was used to achieve the results. It is believed that by matching the findings of the dynamic panel data, we would be able to assess the overall correlations of variables and derive more significant information. At the 25th to 90th quantiles, GDP increases FI. According to the findings. As for REC and FDI have a favorable impact and can help enhance FI on the 25th to 90th quantiles, respectively. TNRR, in contrast, decreases FI. Furthermore, when implementing RCEP economies' energy, growth policies, and environment centered on empirical data, legislators should analyze the distorted behavior of REC, FDI, and GDP.
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页数:8
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