Published by: Wang Zhe Edited by: Cheng Yu

WUST News (Correspondent: Wang Zhe) Recently, the research findings of Associate Professor Zhang Yanying of the School of Law and Economics, entitled “Fintech, Natural Resource Rents, Renewable Energy Consumption and Environmental Quality:  A perspective of Green Economic Recovery from BRICS Economies” was published in the renowned global economics journal Resources Policy.

This paper uses the cross-sectional augmented autoregressive distributed lag (CS-ARDL) model and the nonlinear autoregressive distributed lag (NARDL) model to empirically investigate the impact of fintech development, natural resource rents, environmental policy implementation, and renewable energy consumption on the economic recovery and environmental quality in BRICS countries.

The paper selects international panel data from 2016 to 2023, and uses the CS-ARDL model and the NARDL model to analyze the impact of fintech, natural resource rents, environmental policies, and renewable resources on the economy and environment of BRICS countries. The study found that fintech and natural resource rents contribute to the economic recovery of BRICS countries, but they worsen the local environmental quality; strict environmental policies will reduce local economic growth, but help improve climate quality; the consumption of renewable energy helps to increase economic growth while promoting the improvement of environmental quality. Based on the economic recovery and environmental quality development of BRICS countries, this study explores the linear and non-linear relationships between variables, and proposes policy recommendations for BRICS countries to achieve the simultaneous economic and environmental quality development.

Resources Policy is in SSCI-Q1, with an impact factor of 10.2 in 2022 and an average impact factor of 9.2 over the past five years, ranking 8/128 in the JCR subject category ENVIRONMENTAL STUDIES.

Paper link: https://doi.org/10.1016/j.resourpol.2023.104604