Is fintech the new path to sustainable resource utilisation and economic development?

【Author】 Awais, Minahil; Afzal, Ayesha; Firdousi, Saba; Hasnaoui, Amir

【Source】RESOURCES POLICY

【影响因子】8.222

【Abstract】Sustainability has become an important topic due to the environmental damage caused by economic activity. In this scenario, fintech can help achieve improved resource utilisation and sustainable economic development. To improve understanding of this relationship, panel data has been collected from 66 countries for the 2010-2021 period. A green growth (GG) index has been developed and its relationships with multiple fintech variables have been analysed. Results show that Internet popularisation and Findex have positive effects on green economic activity while carbon emissions have a negative impact. Population growth and unemployment can also impact green growth. Importantly, this research highlights the need for policy makers to promote adoption of fintech for achieving greener economic growth.

【Keywords】G0; Fintech; Sustainable development; Innovation; Technology; Green growth index; classification; O3; O4

【发表时间】2023 MAR

【收录时间】2023-05-29

【文献类型】观点阐述

【主题类别】

区块链应用-虚拟经济-金融科技