Improving Natural Resource Utilization: The Role Played by Renewable Energy Consumption, Environmental Sustainability, Energy Innovation, and Fintech: Evidence from an Emerging Economy

Raed Walid Al-Smadi (), Arkan Walid Al-Smadi (), Khalid Faris Alomari (), Ibrahim Radwan Alnsour (), Abd Al-Salam Ahmad Al-Hamad () and Sanjar Mirzaliev ()
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Raed Walid Al-Smadi: Department of Finance, Amman Arab University, Amman, Jordan
Arkan Walid Al-Smadi: Department of Banking and Finance Science, Faculty of Business, Jerash University, Jordan
Khalid Faris Alomari: Faculty of Business Department of Financial and Banking Technology Ajloun National University, Ajloun, Jordan
Ibrahim Radwan Alnsour: Department of Finance and Banking Science, Irbid National University, Jordan
Abd Al-Salam Ahmad Al-Hamad: Department of Banking and Finance, Faculty of Business, Applied Science Private University, MEU Research Unit, Middle East University, Amman, Jordan
Sanjar Mirzaliev: Department of Research and Innovations, Tashkent State University of Economics, Uzbekistan

International Journal of Energy Economics and Policy, 2025, vol. 15, issue 4, 559-566

Abstract: Sustainable resource exploitation should be taken into consideration while considering economic growth. As economic activity increases, the significance of identifying novel approaches that prioritize resource efficiency without sacrificing economic success in isolating GDP growth from resource depletion is increasing. The empirical investigation delves into the complex interplay among environmental sustainability, energy innovation, and fintech to improve natural resource utilization in an emerging economy from 1998 to 2022. Using the Autoregressive Distributed Lag (ARDL) technique, we analyze how these factors interact dynamically. Our findings offer valuable insights into emerging economies natural resource utilization. In addition, empirical research elucidates a significant impact of financial technology, natural resource consumption, and environmental sustainability on economic growth, suggesting the significance of sustainable practices in effective natural resource management. This study provides valuable insight into environmental factors and government policies that influence natural resource utilization in emerging countries and the need to reevaluate economic theories and methods of resource management. It underscores the urgency of adopting sustainable practices to insignificant effects of renewable energy, while also leveraging fintech as a powerful driver for the exploitation of natural resources. The insights provided are valuable for policymakers aiming to promote a sustainable environment.

Keywords: Environmental Sustainability; Fintech; Autoregressive Distributed Lag; Natural Resources (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:v:15:y:2025:i:4:id:19093

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DOI: 10.32479/ijeep.19093

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