Moderating effect of digital governance and eco-policy stringency in realizing natural resources-growth nexus: Role of financial development and FDI in G20 countries

Guangyuan Ding, Yunbiao Xiong and Yashu Wang

Resources Policy, 2024, vol. 92, issue C

Abstract: Digital governance expedites its benefits in technology-based advanced countries, particularly in developed nations. Due to higher competitiveness, foreign direct investments (FDI) augment economic prosperity. However, most economies are highly volatile due to the resource-curse paradox. Given this, our study scrutinizes the influence of e-governance, FDI, mineral resources, and environmental regulations on economic growth of G20 countries from 2010 to 2022. Generalized method of moment (GMM) is employed to encounter endogeneity and reverse causality. The outcomes reveal that digital governance, FDI, and environmental regulations facilitate economic growth, while natural resources discourage economic growth and affirm the resource-curse problem. This research also assesses how environmental regulation and digital governance divert the resource curse. Through moderating impact, it exhibits that e-governance and environmental regulations are crucial to stimulating economic growth. Feasible generalized least squares also endorse similar results. The Granger causality test indicates a bidirectional causality among all model variables and offers valuable policy implications.

Keywords: Digital government; Natural resources; Financial development; FDI; Environmental regulations (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072400343X
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:92:y:2024:i:c:s030142072400343x

DOI: 10.1016/j.resourpol.2024.104976

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 ().