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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Main Authors: He, Qiao, Xie, Henglang, Zhu, Yichang, Huang, Lingyu
Format: Article
Published: Elsevier 2024
Online Access:http://psasir.upm.edu.my/id/eprint/105617/
https://linkinghub.elsevier.com/retrieve/pii/S030142072301259X
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spelling 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description 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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score 13.211869