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Legal environment and natural resource dependence: The role of fintech and green innovation in China

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  • Li, Taoying
  • Peng, Mengyin
  • Zhang, Jianjiang
  • Zheng, Long
  • Chen, Qiang

Abstract

This study uses a fixed-effect model to analyse the impact of legal environment and fintech on natural resource dependence based on panel data of 275 cities from 2009 to 2020. Results suggest that the legal environment inhibits natural resource dependence, and fintech is mediating in mitigating natural resource dependence influenced by the legal environment. The negative effect of fintech on resource dependence is higher in regions with high levels of fintech than in regions with medium and low levels of fintech. Both high-level and low-level legal environments are effective in reducing resource dependence. The inhibitory effect of the legal environment on resource dependence is more substantial in the eastern region than in central-western regions. The threshold value of green innovation is more remarkable in moderating the legal environment's inhibition of resource dependence when it is greater than 5.278. These findings offer valuable policy implications.

Suggested Citation

  • Li, Taoying & Peng, Mengyin & Zhang, Jianjiang & Zheng, Long & Chen, Qiang, 2024. "Legal environment and natural resource dependence: The role of fintech and green innovation in China," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000953
    DOI: 10.1016/j.resourpol.2024.104728
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