The effect of the Fourth Industrial Revolution on the environment: The relationship between electronic finance and pollution in OECD countries

Elheddad, Mohamed; Benjasak, Chonlakan; Deljavan, Rana; Alharthi, Majed; Almabrok, Jaballa M.

doi:10.1016/j.techfore.2020.120485

Cited by 99 publications

(39 citation statements)

References 52 publications

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“…Croutzet and Dabbous (2021), using the fixedeffect estimator with Driscoll-Kraay standard errors, confirmed a positive association between FinTech development and renewable energy utilization in 21 OCED countries to indicate that FIN promotes the use of energy sources that are CO2 efficient. Elheddad et al (2021) studied the effect of e-finance on CO2 in 29 OECD countries from 2007 to 2016 and found FIN to reduce CO2 in these countries to confirm the EKC hypothesis. However, some studies postulate that FIN would affect CO2 only through green financing.…”

Section: Literature Reviewmentioning

confidence: 93%

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

Coffie

Ahiabenu

Yeboah

et al. 2022

Preprint

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Financial technology has evolved from a mediation role into an established sub-market within the financial ecosystem, gaining a superior advantage over the traditional financial system. Therefore, to ascertain if this advantage extends to protecting our environment, this study estimates the relationship between financial technology and carbon emission from the top seven (7) mobile money economies in sub-Saharan Africa. A balanced panel dataset from 2009 to 2020 is employed and estimated with the FMOLS estimator after checking for cross-sectional dependence, unit-root, stationarity, and cointegration. Results from the estimation suggest a negatively significant relationship between financial technology and carbon emission in these countries. However, domestic credit to the private sector revealed a statistically insignificant relationship with carbon emission for the same period. Further, foreign direct investment reduces carbon emissions. However, gross domestic product and trade openness increases carbon emission in these countries. Therefore, it is recommended that financial technology developers in the sub-region should consider green financial products and services to ensure cleaner production and a better environment.

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Section: Literature Reviewmentioning

confidence: 93%

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

Coffie

Ahiabenu

Yeboah

et al. 2022

Preprint

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“…Climate change is one of the most significant challenges facing the environment (Elheddad et al, 2021 ). All living creatures within the biosphere are affected by the continuous changes occurring within the environment.…”

Section: Literature Reviewmentioning

confidence: 99%

The Fourth Industrial Revolution – Smart Technology, Artificial Intelligence, Robotics and Algorithms: Industrial Psychologists in Future Workplaces

Oosthuizen

2022

Front. Artif. Intell.

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In the Fourth Industrial Revolution (4IR), STARA (smart technology, artificial intelligence, robotics, and algorithms) is predicted to replace a third of the jobs that exist today. Almost twice as many current work tasks will be handled by robots. It is forecast that by 2025, 85 million jobs may be displaced by a shift in the division of labor between humans and machines, while 97 million new roles may emerge that are more adapted to the new division of labor between humans, machines and algorithms. Industrial psychologists are playing an increasingly important role in the workplace due to these trends from a strategic intelligence perspective. The objective of this article is to present a critical review of industrial psychologists in future workplaces in the context of the 4IR - STARA. A competence model is posed for industrial psychologists to perform a strategic intelligence role in organizations in the 4IR.

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“…The available studies more and more strongly support a nonlinear relationship between carbon emissions and economic growth. Due to the advantages of energy structure [13,28], financial markets [20,29], and technology levels [14,30], the evidence of decoupling between the two mainly comes from countries with higher income levels [31]. This also implies that the inverted U-shaped relationship between carbon emissions and economic growth estimated by panel data is not necessarily applicable to individual countries, as the development characteristics of low-income countries on the left of the inflection point cannot be effectively captured, which further strengthens the necessity of additional research on similar characteristics and even specific countries or regions [32].…”

Section: Carbon Productivity and Economic Growthmentioning

confidence: 99%

Sustainable Growth Drivers: Unveiling the Role Played by Carbon Productivity

Song

Meng

et al. 2022

IJERPH

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In global climate change, improving carbon productivity holds great importance for China’s sustainable growth. Based on panel data of 30 Chinese provinces and cities from 1997–2017, the drivers, spatial effects, and convergence characteristics of carbon productivity in China are explored by combining a factor decomposition framework and a spatial panel model. The findings show that (1) China’s carbon productivity shows continuous positive growth, and the substitution effect of capital for energy dominates this changing pattern; (2) There is a β-convergence trend and club convergence in China’s carbon productivity, and the spatial technology spillover accelerates the convergence rate; (3) With its accelerated industrial transformation and technological upgrading, China’s current carbon productivity converges faster than its earlier stage, and the role of physical capital investment has gradually shifted to suppression. In contrast, the positive push of human capital investment has been strengthened; (4) From the perspective of the realization mechanism, the convergence of carbon productivity in China mainly comes from the convergence of energy restructuring and capital-energy substitution. These findings can help China narrow the inter-provincial carbon productivity gap in terms of improving factor structure, upgrading technology, etc., and provide references for sustainable growth decision making in China and around the world.

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The effect of the Fourth Industrial Revolution on the environment: The relationship between electronic finance and pollution in OECD countries

Cited by 99 publications

References 52 publications

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

FinTech and CO2 Emission: Evidence from (Top 7) Mobile Money Economies in Africa

The Fourth Industrial Revolution – Smart Technology, Artificial Intelligence, Robotics and Algorithms: Industrial Psychologists in Future Workplaces

Sustainable Growth Drivers: Unveiling the Role Played by Carbon Productivity

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