An empirical investigation of the coordinated development of natural resources, financial development and ecological efficiency in China

This study aimed to evaluate the association of financial development and economic growth by considering the case of 10 Asian countries. The study used quantitative research design where the preliminary testing was conducted using descriptive statistics and unit root testing. The sample size comprised of 10 emerging Asian countries (India, China, Malaysia, Philippines, Pakistan, Thailand, Singapore, Bhutan, Vietnam, and Bangladesh) and the time-frame for the study was 1990 to 2018. The main techniques of analysis were Pedroni cointegration, dynamic panel least squares (DOLS) and Granger Causality. This study concluded that long-run equilibrium existed between financial development and economic growth. The research was limited to the case of Asian countries, therefore, in future, the evaluation of European countries can be conducted or African region can also be undertaken into consideration.

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Can green financial development promote regional ecological efficiency? A case study of China

Natural Hazards ◽

10.1007/s11069-018-3502-x ◽

2018 ◽

Vol 95 (1-2) ◽

pp. 325-341 ◽

Cited By ~ 6

Author(s):

Rongyan Liu ◽

Deqing Wang ◽

Li Zhang ◽

Lihong Zhang

Keyword(s):

Financial Development ◽

Ecological Efficiency

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Innovative Infrastructure, Financial Development and Innovative Activity in Developing Economies: Cross Country Empirical Investigation

Modern Economy ◽

10.4236/me.2013.44027 ◽

2013 ◽

Vol 04 (04) ◽

pp. 243-247

Author(s):

Raufhon Salahodjaev ◽

Evgenia Gorlova ◽

Adilova Shoira

Keyword(s):

Financial Development ◽

Empirical Investigation ◽

Developing Economies ◽

Innovative Activity ◽

Cross Country

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Spatial Interaction Spillover Effects between Digital Financial Technology and Urban Ecological Efficiency in China: An Empirical Study Based on Spatial Simultaneous Equations

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph18168535 ◽

2021 ◽

Vol 18 (16) ◽

pp. 8535

Author(s):

Yaya Su ◽

Zhenghui Li ◽

Cunyi Yang

Keyword(s):

Economic Growth ◽

Spatial Interaction ◽

Spillover Effect ◽

Spillover Effects ◽

Simultaneous Equations ◽

Ecological Efficiency ◽

Core Component ◽

Coordinated Development ◽

Three Stage Least Squares ◽

Financial Technology

As a core component of the digital economy, digital financial technology has a complex interactive and interdependent relationship with ecological efficiency. From the holistic spatial interaction perspective, this paper uses spatial simultaneous equations and generalized spatial three-stage least squares (GS3SLS) to analyze the spatial interaction spillovers between digital financial technology and urban ecological efficiency based on data from 284 Cities in China from 2008 to 2018. The results show that: (1) Digital financial technology and urban ecological efficiency promote each other, and the latter is relatively dominant. (2) Both digital financial technology and urban ecological efficiency have significant spatial spillover effects. (3) Digital financial technology in surrounding cities has a restraining effect on local ecological efficiency, and the improvement of ecological efficiency in surrounding cities has a siphon effect on local digital financial technology. (4) There is spatial and period heterogeneity in the intensity of the spatial interaction spillover effect between the two. With resources and environment increasingly becoming rigid constraints on economic growth, these findings help identify new drivers of regional ecological efficiency and promote the coordinated development of digital finance and green ecology.

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