Investigating the impact of financial development on the resource curse form its dual effect

Huang, Anzhong; Bi, Qiuxiang; Dai, Luote; Ma, Yinghui

doi:10.1016/j.resourpol.2023.104174

Resources Policy

2023

DOI: 10.1016/j.resourpol.2023.104174

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Investigating the impact of financial development on the resource curse form its dual effect

Anzhong Huang,

Qiuxiang Bi,

Luote Dai

et al.

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2024

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Cited by 3 publications

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“…Khan and Ozturk (2021) use a sample of 88 developing countries to demonstrate that financial growth can reduce the negative environmental impacts of foreign direct investment (FDI), trade openness, and income. For resourceexporting regions, financial quality development can promote HD by breaking the resource curse through multiple channels (Huang et al 2023). In rural areas, financial growth can promote highquality rural development by raising the level of agricultural production (Fan et al 2023).…”

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The spatial spillover effect of financial growth on high-quality development: Evidence from Yellow River Basin in China

Zhang,

Hua,

Jiang

et al. 2024

Humanit Soc Sci Commun

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River basin cities are areas with remarkable conflicts between the human activity and the ecological environment. They are also important targets for policy implementation of sustainable and high-quality development (HD) in various countries around the world. This article exploits the panel data of 99 cities located in the Yellow River Basin (YRB) from 2006 to 2019 to empirically analyze the spatial effect of financial growth on HD. Spatial weights participated econometric models are utilized to analyze this spatial effect. Empirical results reveal that: (1) the HD in the YRB shows a strong positive spatial autocorrelation. (2) Financial growth exerts an N-shaped curve effect on the HD from a long-term perspective. When this influence spills out to the surroundings, it exhibits an inverted U-shaped characteristic. (3) Green innovation can be an important intermediary factor in the influence of financial growth on HD. (4) The influence of financial growth on HD appears stronger in regions with higher economic levels, where N-shaped effects can be transmitted to the surrounding regions. However, the backward economic development in low-economy regions prevents the spatial spillover of N-shaped effects. This study can be instrumental for countries to formulate financial policies that aim to promote HD in river basin cities.

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confidence: 99%

The spatial spillover effect of financial growth on high-quality development: Evidence from Yellow River Basin in China

Zhang,

Hua,

Jiang

et al. 2024

Humanit Soc Sci Commun

View full text Add to dashboard Cite

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Fostering green growth in Asian developing economies: The role of good governance in mitigating the resource curse

Li,

Tong

2024

Resources Policy

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Do financial institutions and financial markets evenly influence natural resource and growth nexus in the caucasus and central Asia

Zheng,

Yang

2024

Resources Policy

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Investigating the impact of financial development on the resource curse form its dual effect

Cited by 3 publications

References 17 publications

The spatial spillover effect of financial growth on high-quality development: Evidence from Yellow River Basin in China

The spatial spillover effect of financial growth on high-quality development: Evidence from Yellow River Basin in China

Fostering green growth in Asian developing economies: The role of good governance in mitigating the resource curse

Do financial institutions and financial markets evenly influence natural resource and growth nexus in the caucasus and central Asia

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