How Fintech and effective governance derive the greener energy transition: Evidence from panel-corrected standard errors approach

Si Xu, You Zhang, Lan Chen, Lin Woon Leong, Iskandar Muda and Anis Ali

Energy Economics, 2023, vol. 125, issue C

Abstract: Over the past few years, energy transition is emerging and debatable concern for economies especially targeting net zero carbon emissions. Despite of huge literature on energy transition, still limited studies have taken in account the role of fintech and government effectiveness in altering energy transition. This study valuably adds to empirical literature by examining the role of fintech and government effectiveness in energy transition. To fulfil this purpose, panel data of 91 middle income countries has been taken in paper that ranges from 2000 to 2020. The study is based on Driscoll and Kraay's approach of Panel Corrected Standard Error. The computed outcomes reported that fintech positively determines middle-income countries' energy transition. Also the study revealed that government effectiveness plays a constructive role in the energy transition to renewable energy sources. Furthermore, the analysis also confirmed the significant potential role of economic growth, industry value added, urbanization, and foreign direct investment in the energy transition in the selected sample. The study analysis sets down the practical implication in formulating energy transition policies for policymakers and to target net zero carbon emissions.

Keywords: Fintech; Government effectiveness; Energy transition; Urbanization; Panel corrected standard error; Net zero carbon emissions (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988323003791
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:125:y:2023:i:c:s0140988323003791

DOI: 10.1016/j.eneco.2023.106881

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().