Nexus among financial innovation, natural resources and economic recovery: A fresh empirical insight from China

Zhaoyi Liu and Yongqian Tu

Resources Policy, 2023, vol. 84, issue C

Abstract: The relationship between natural resources, technological innovation and economic development has been debated. Macroeconomic elements like green development and technological may be crucial in attaining ecological sustainability in the context of eco-innovation since climate change is the main issue of contemporary research. As a result, this research uses data from 2000 to 2020 to evaluate the dynamic relationship between natural resources, financial innovation, and economic progress in China. We used the ARDL model to confirm the long-term, consistent relationship between ecological sustainability and natural resources and technological advancements. However, there is evidence that natural resource interaction positively influences economic development. Based on empirical findings, we recommend innovative methods of development together with effective management techniques for the productive utilization of natural resources for sustainable management.

Keywords: Natural resources; Technological innovation; Economic development; Dynamic influence (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:84:y:2023:i:c:s0301420723003574

DOI: 10.1016/j.resourpol.2023.103646

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