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

Minahil Awais, Ayesha Afzal (), Saba Firdousi and Amir Hasnaoui

Resources Policy, 2023, vol. 81, issue C

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: Fintech; Sustainable development; Innovation; Technology; Green growth index (search for similar items in EconPapers)
JEL-codes: G0 O3 O4 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:81:y:2023:i:c:s030142072300017x

DOI: 10.1016/j.resourpol.2023.103309

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