The relationship between green finance, economic factors, geopolitical risk and natural resources commodity prices: Evidence from five most natural resources holding countries

Yurog Li, Zhenglong Cong, Yufan Xie, Yan Wang and Hongmei Wang

Resources Policy, 2022, vol. 78, issue C

Abstract: Nowadays, fluctuation in the natural resource's commodity prices has become a prominent issue around the globe and needs the focus of policymakers and new researchers. Thus, the researchers investigate the impact of green finance, economic factors (economic growth and population growth) and geopolitical risk on the natural resource's commodity prices of the five most natural resources holding countries such as China, Saudi Arabia, Canada, India, and Russia. The current article has used the secondary data extracted from the Goldman Sachs Commodity Index (GSCI), World Bank Indicators (WDI) and Economic Policy Uncertainty databases. The secondary data were gathered from these databases from 1995 to 2019. The researchers have adopted the fixed effect model (FEM) to evaluate the links between constructs and used the robust standard error of this purpose. The results revealed that green finance and economic factors (economic growth and population growth) have a positive association with natural resources commodity prices. The findings also revealed that geopolitical risk has a negative association with natural resources commodity prices in selected countries. This study guided the policymakers while making regulations regarding the factors that affect natural resources commodity prices and provided help to the upcoming researchers while examining this area in future.

Keywords: Green finance; Economic factors; Economic growth; Population growth; Geopolitical risk; Natural resources commodity prices (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420722001817
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:jrpoli:v:78:y:2022:i:c:s0301420722001817

DOI: 10.1016/j.resourpol.2022.102733

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

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