TY - JOUR
T1 - An empirical assessment of the effect of natural resources and financial technologies on sustainable development in resource abundant developing countries
T2 - Evidence using MMQR estimation
AU - Leng, Chunyu
AU - Wei, Siao Yun
AU - Al-Abyadh, Mohammed Hasan Ali
AU - Halteh, Khaled
AU - Bauetdinov, Majit
AU - Le, Luan Thanh
AU - Alzoubi, Haitham M.
N1 - Publisher Copyright:
© 2023 Elsevier Ltd
PY - 2024/2
Y1 - 2024/2
N2 - The present study aims to estimate the role of natural resources and financial technologies in sustainable development under the STIRPAT framework in seven resource abundant developing countries (Brazil, China, Russia, Saudi Arabia, Botswana, Morocco, and Turkey) over 2000 to 2020 period. To conduct empirical analysis, the study applies Fully Modified OLS (FMOLS), Dynamic OLS (DOLS) and Method of Moments Quantile Regression (MMQR). The findings of FMOLS and DOLS indicate the significant positive effect of natural resources and financial technologies on sustainable development in selected countries. These findings are robust in MMQR estimation (with significance of the coefficients varying at different quantiles). Based on these findings, the study recommends the policy makers and governments in these countries to implement effective policies aimed at the continual use and diffusion of financial technologies and efficient extraction and consumption of natural resources.
AB - The present study aims to estimate the role of natural resources and financial technologies in sustainable development under the STIRPAT framework in seven resource abundant developing countries (Brazil, China, Russia, Saudi Arabia, Botswana, Morocco, and Turkey) over 2000 to 2020 period. To conduct empirical analysis, the study applies Fully Modified OLS (FMOLS), Dynamic OLS (DOLS) and Method of Moments Quantile Regression (MMQR). The findings of FMOLS and DOLS indicate the significant positive effect of natural resources and financial technologies on sustainable development in selected countries. These findings are robust in MMQR estimation (with significance of the coefficients varying at different quantiles). Based on these findings, the study recommends the policy makers and governments in these countries to implement effective policies aimed at the continual use and diffusion of financial technologies and efficient extraction and consumption of natural resources.
KW - Developing countries
KW - Financial technologies
KW - MMQR
KW - Natural resources
KW - Sustainable development
UR - http://www.scopus.com/inward/record.url?scp=85180557234&partnerID=8YFLogxK
U2 - 10.1016/j.resourpol.2023.104555
DO - 10.1016/j.resourpol.2023.104555
M3 - Article
AN - SCOPUS:85180557234
SN - 0301-4207
VL - 89
JO - Resources Policy
JF - Resources Policy
M1 - 104555
ER -
