IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v91y2024ics0301420724002058.html
   My bibliography  Save this article

Do natural resources rent increase green finance in developing countries? The role of education

Author

Listed:
  • Liang, Yunbao
  • Zhou, Hongxia
  • Zeng, Jun
  • Wang, Chuanbin

Abstract

This study investigated the impact of natural resources rent and education on green finance while controlling for GDP, population growth, and trade for developing countries from 2000 to 2019. This study employed two-unit root tests for underlying variables: Levin, Lin, and Chu (LLC) and Im, Pesaran, and Shin (IPS). To check the cointegration among the variables, this study used Pedroni cointegration method. Then to estimate the long run relationships, this study used FMOLS and DOLS approaches. The findings revealed a favorable association between natural resource rent and green financing, implying that policy should encourage sustainable resource usage and environmental conservation. The study further found a positive association between GDP and green finance, indicating the importance of policies that encourage economic growth while also supporting the green finance industry. Finally, the study discovered that education has a positive impact on green finance, implying the need for policies that invest in education to promote sustainable development and raise awareness about green finance. Future research could investigate the efficacy of policy interventions aimed at promoting green finance, as well as identify additional drivers of the sector's growth.

Suggested Citation

  • Liang, Yunbao & Zhou, Hongxia & Zeng, Jun & Wang, Chuanbin, 2024. "Do natural resources rent increase green finance in developing countries? The role of education," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002058
    DOI: 10.1016/j.resourpol.2024.104838
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724002058
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104838?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724002058. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.