Digitalization of the financial market and green coal trade

Ping Wang, Chengcheng Huang, Gang Zhou, Wenjun Wu and Xinmeng Wu

Resources Policy, 2024, vol. 99, issue C

Abstract: In recent years, fintech advancements have influenced global coal trade patterns. This study analyzes the impact of fintech on coal trade across 80 countries from 2012 to 2019. Findings from the MGARDL model reveal that increased fintech activity reduces coal imports while boosting exports, suggesting enhanced trade efficiency and access to capital. Income inequality and private infrastructure investment negatively impact coal trade, likely due to restricted financial access and infrastructure limitations. Meanwhile, ICT development supports coal trade by streamlining logistics and finance. The study confirms a bidirectional relationship between fintech and coal trade, emphasizing mutual influence. Policy recommendations include promoting fintech adoption, encouraging sustainable investments, improving financial access, and expanding ICT infrastructure to foster a more sustainable coal trade.

Keywords: Coal resource imports; Coal resource exports; Fintech; Green coal trade; PPI; GINI index (search for similar items in EconPapers)
JEL-codes: F18 G23 H54 Q35 Q42 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:99:y:2024:i:c:s0301420724007736

DOI: 10.1016/j.resourpol.2024.105406

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