IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v315y2025ics0360544225000477.html
   My bibliography  Save this article

Unveiling the impact of natural energy resources depletion on energy industry productivity in top 10 economies: Moderating role of FinTech

Author

Listed:
  • Shah, Wasi Ul Hassan
  • Sarfraz, Muddassar
  • Yasmeen, Rizwana

Abstract

This study explores the impact of natural energy resource depletion on energy industry productivity from (2004–2021) in the top 10 economies. The study unveils the moderation effect of financial technology on energy productivity. Using Principal Component Analysis, two indices are constructed to measure consumption-side and production-side energy industry dynamics, focusing on oil, coal, and gas resources. Applying the Driscoll & Kraay method, the study uncovers the dynamics of interrelated factors for energy resource management. Findings revealed a negative correlation between energy resource depletion and energy consumption and production, ranging from −0.187 to −1.189 and −0.175 to −0.390, respectively, emphasizing the need for sustainable energy sourcing and efficiency measures. FinTech adoption reduces energy consumption by −1.255 while increasing energy production by 0.0935, suggesting its potential to enhance energy conservation and efficiency. The moderation effects of FinTech, energy depletion, and economic development elucidate their interactions and influence on energy consumption and production. The intuitive relationship between economic activities, represented by GDP, and energy consumption highlights energy's fundamental role in economic development. Trade and R&D effectively reduce energy consumption. Thus, policymakers are urged to prioritize strategies promoting FinTech adoption, supporting R&D, and trade to mitigate the negative impacts of energy depletion on energy resources.

Suggested Citation

  • Shah, Wasi Ul Hassan & Sarfraz, Muddassar & Yasmeen, Rizwana, 2025. "Unveiling the impact of natural energy resources depletion on energy industry productivity in top 10 economies: Moderating role of FinTech," Energy, Elsevier, vol. 315(C).
    • Handle: RePEc:eee:energy:v:315:y:2025:i:c:s0360544225000477
    DOI: 10.1016/j.energy.2025.134405
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544225000477
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2025.134405?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:energy:v:315:y:2025:i:c:s0360544225000477. 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.journals.elsevier.com/energy .

    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.