The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era
This study explores the interplay between natural resources, economic growth, and financial development in China, extending the inquiry to the moderating role of Information and Communication Technology (ICT). Utilizing the advanced Fourier Autoregressive Distributed Lag (ARDL) framework on data spa...
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2024
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my.upm.eprints.1056172024-05-07T03:09:24Z http://psasir.upm.edu.my/id/eprint/105617/ The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era He, Qiao Xie, Henglang Zhu, Yichang Huang, Lingyu This study explores the interplay between natural resources, economic growth, and financial development in China, extending the inquiry to the moderating role of Information and Communication Technology (ICT). Utilizing the advanced Fourier Autoregressive Distributed Lag (ARDL) framework on data spanning from 1991 to 2020, our analysis delineates the dual influence of natural resources on financial development. Results indicate that natural resources alone have a deleterious effect on financial development both in the short and long run. However, when combined with ICT, the long-run effects are positive, suggesting that ICT has a transformative potential on the natural resources-financial development nexus. Conversely, in the short run, this interaction proves detrimental. These findings underscore the imperative for a holistic strategy that harmonizes economic growth, ICT advancement, and natural resource utilization to foster sustainable financial development. Elsevier 2024-02 Article PeerReviewed He, Qiao and Xie, Henglang and Zhu, Yichang and Huang, Lingyu (2024) The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era. Resources Policy, 89. art. no. 104548. ISSN 0301-4207; ESSN: 1873-7641 https://linkinghub.elsevier.com/retrieve/pii/S030142072301259X 10.1016/j.resourpol.2023.104548 |
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This study explores the interplay between natural resources, economic growth, and financial development in China, extending the inquiry to the moderating role of Information and Communication Technology (ICT). Utilizing the advanced Fourier Autoregressive Distributed Lag (ARDL) framework on data spanning from 1991 to 2020, our analysis delineates the dual influence of natural resources on financial development. Results indicate that natural resources alone have a deleterious effect on financial development both in the short and long run. However, when combined with ICT, the long-run effects are positive, suggesting that ICT has a transformative potential on the natural resources-financial development nexus. Conversely, in the short run, this interaction proves detrimental. These findings underscore the imperative for a holistic strategy that harmonizes economic growth, ICT advancement, and natural resource utilization to foster sustainable financial development. |
format |
Article |
author |
He, Qiao Xie, Henglang Zhu, Yichang Huang, Lingyu |
spellingShingle |
He, Qiao Xie, Henglang Zhu, Yichang Huang, Lingyu The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
author_facet |
He, Qiao Xie, Henglang Zhu, Yichang Huang, Lingyu |
author_sort |
He, Qiao |
title |
The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
title_short |
The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
title_full |
The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
title_fullStr |
The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
title_full_unstemmed |
The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era |
title_sort |
impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post covid era |
publisher |
Elsevier |
publishDate |
2024 |
url |
http://psasir.upm.edu.my/id/eprint/105617/ https://linkinghub.elsevier.com/retrieve/pii/S030142072301259X |
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1800093771219599360 |
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13.211869 |