 How do financial inclusion and education increase resource efficiency?Junli Shao, Dengrong Wu and Cheng Jin Resources Policy, 2023, vol. 85, issue PA Abstract: In this paper, we evaluate the associations between financial inclusion, education, and resource efficiency for the case of five BRICS countries from 1995 to 2021. According to the ARDL-PMG findings, the level of literacy does not exhibit a positive effect on increasing the efficiency of energy resources. However, the implementation of the financial inclusion policy, both in the short term and in the long term, emerges as the driving factor towards the goal of increasing the efficiency of energy resource exploitation. It is worth noting that financial depth has a beneficial effect on the efficiency of energy resource exploitation, while households' electricity consumption has an adverse impact on the efficiency of energy resources. As a result of these findings, there are critical policy implications for the BRICS members, which include the expansion of the green growth discourse and the development of sustainable power generation through green financing tools. Keywords: Financial inclusion; Green economy; Education; Resource efficiency; BRICS (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pa:s030142072300716x DOI: 10.1016/j.resourpol.2023.104005 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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