In the contemporary global landscape,understanding the nexus between financial inclusion and natural resource abundance is crucial,especially for resource-rich nations.This study uses diagnostic tests and method of mo...In the contemporary global landscape,understanding the nexus between financial inclusion and natural resource abundance is crucial,especially for resource-rich nations.This study uses diagnostic tests and method of moments quantile regression to examines this interplay across Australia,Brazil,Canada,China,India,Russia,and the United States.We find that achieving financial inclusion is significantly challenging for countries that heavily rely on natural resources.Diversified income sources and equitable wealth distribution are essential to mitigate these challenges.Additionally,we identify a positive correlation between economic development and financial inclusion,highlighting the mutually reinforcing relationship between growth and inclusivity.Our research also reveals a notable link between adopting renewable energy and improving financial inclusion,suggesting that environmental responsibility and financial accessibility are intertwined.Foreign direct investment has nuanced impacts on financial inclusion,adding depth to our understanding.Overall,stable income from natural resources and diversified economic development emerge as key promoters of financial inclusion.These insights advocate for regionally specific policies and lay a solid foundation for future research and informed policymaking that address financial inclusion challenges and advance sustainable development.展开更多
Low levels of environmental education,energy consumption,and other anthropogenic factors strongly contribute to the rising temperature in the world's atmosphere.As such,this study reveals how energy consumption an...Low levels of environmental education,energy consumption,and other anthropogenic factors strongly contribute to the rising temperature in the world's atmosphere.As such,this study reveals how energy consumption and education affect the ecological footprint(EF)and also determines the education thresholds for EF sustainability in sub-Saharan Africa(SSA).The estimation methods in this study are strictly second-generation econometric techniques because of the problems of slope heterogeneity and cross-sectional dependence discovered in the preliminary analysis.The results confirm cointegration,warranting the need for long-run parameter estimators.The Augment Mean Group estimator suggests that natural resources,non-renewable energy consumption(NRE),and economic growth increase the EF.Although renewable energy consumption(REN)and globalization reduce the EF,these indicators are insignificant.The results of the Method of Moment Quantile Regression(MMQR)reveal that REN exacts an indirect effect on the EF via education.Furthermore,the education thresholds required for ecological sustainability have been established.In line with these outcomes,it is proposed that the region redesign its energy policy to encourage eco-friendly consumption by leaning more on pro-environmental strategies and tightening environmental regulations.展开更多
Based on the quarterly economic,social and financial development data of 39 poverty-stricken counties in Henan Province during 2016-2018,this paper utilized the entropy-based TOPSIS method to objectively measure the r...Based on the quarterly economic,social and financial development data of 39 poverty-stricken counties in Henan Province during 2016-2018,this paper utilized the entropy-based TOPSIS method to objectively measure the rural revitalization index,and then built the quantile regression model to study the effects of various elements of inclusive finance on different stages of rural revitalization.Research results show that industrial development,agricultural modernization,targeted poverty alleviation,endogenous demand,and rural governance are the main points of inclusive finance in poverty-stricken areas to support rural revitalization;the rural revitalization index indicates that compared with the Dabie Mountain area and the non-contiguous poverty-stricken areas,the rural revitalization of the Qinba Mountain area is slower;for inclusive finance supporting rural revitalization,it is necessary to bring into play the role of monetary policy tools in re-lending,functions of credit in supporting industrial development,and role of insurance in risk protection;furthermore,inclusive finance solves problems such as the diminishing marginal effect of physical machinery investment in rural revitalization support,financial support for the coordinated development of small farmers and new agricultural business entities,financial support for the development of the entire industry chain,and the"siphon effect"of capital.展开更多
Limiting toxic elements from being exposed to the world’s atmosphere has been the biggest challenge among environmental researchers and stakeholders.Climate change conferences have been counselling the global economi...Limiting toxic elements from being exposed to the world’s atmosphere has been the biggest challenge among environmental researchers and stakeholders.Climate change conferences have been counselling the global economies to take serious steps toward profound decarbonization to keep the universal temperature below 1.5C.In this context,the direction of environmental research has changed,and researchers are more focused on tracing how to limit pollution and keep it below the threshold level.In this milieu,nuclear energy can make a big difference along with other alternatives to fossil energy.Therefore,we extend the extant literature by exploring the dynamic effects of atomic energy and ICT on carbon emissions(CO_(2))for top nuclear energy countries using data from 1990 to 2017.To obtain robust findings,we deploy a novel non-parametric econometric approach(i.e.,method of moments quantile regression).The results suggest that nuclear energy is a sustainable alternative to historical fossil fuel as it curbs CO_(2)emissions in the lower,middle,and upper quantiles.Furthermore,our findings corroborate that ICT penetration through the internet,mobile and telephone plays a vital role in improving environmental quality.Moreover,we unveil that linear economic growth jeopardizes the environment by unleashing harmful gases.The findings also support the existence of the Environmental Kuznets Curve(EKC)hypothesis by confirming the negative association between the polynomial economic growth(squared-GDP)and CO_(2)emissions among the designated nations.Also,the Granger causality test reaffirms the causal nexus among selected series that runs from nuclear energy and technological innovation to CO_(2)emissions,indicating that any policy shock in both series leads to environmental degradation.We,therefore,advocate that the designated territories keep enriching their energy baskets with nuclear energy and boost ICT penetration to achieve a 100%decoupling of economic growth from pollution.展开更多
基金supported by the grant from National Social Science Fund of China(23BJY085).
文摘In the contemporary global landscape,understanding the nexus between financial inclusion and natural resource abundance is crucial,especially for resource-rich nations.This study uses diagnostic tests and method of moments quantile regression to examines this interplay across Australia,Brazil,Canada,China,India,Russia,and the United States.We find that achieving financial inclusion is significantly challenging for countries that heavily rely on natural resources.Diversified income sources and equitable wealth distribution are essential to mitigate these challenges.Additionally,we identify a positive correlation between economic development and financial inclusion,highlighting the mutually reinforcing relationship between growth and inclusivity.Our research also reveals a notable link between adopting renewable energy and improving financial inclusion,suggesting that environmental responsibility and financial accessibility are intertwined.Foreign direct investment has nuanced impacts on financial inclusion,adding depth to our understanding.Overall,stable income from natural resources and diversified economic development emerge as key promoters of financial inclusion.These insights advocate for regionally specific policies and lay a solid foundation for future research and informed policymaking that address financial inclusion challenges and advance sustainable development.
文摘Low levels of environmental education,energy consumption,and other anthropogenic factors strongly contribute to the rising temperature in the world's atmosphere.As such,this study reveals how energy consumption and education affect the ecological footprint(EF)and also determines the education thresholds for EF sustainability in sub-Saharan Africa(SSA).The estimation methods in this study are strictly second-generation econometric techniques because of the problems of slope heterogeneity and cross-sectional dependence discovered in the preliminary analysis.The results confirm cointegration,warranting the need for long-run parameter estimators.The Augment Mean Group estimator suggests that natural resources,non-renewable energy consumption(NRE),and economic growth increase the EF.Although renewable energy consumption(REN)and globalization reduce the EF,these indicators are insignificant.The results of the Method of Moment Quantile Regression(MMQR)reveal that REN exacts an indirect effect on the EF via education.Furthermore,the education thresholds required for ecological sustainability have been established.In line with these outcomes,it is proposed that the region redesign its energy policy to encourage eco-friendly consumption by leaning more on pro-environmental strategies and tightening environmental regulations.
基金Western Project of National Social Science Foundation of China:Research on Governance Mechanism Optimization and Risk Prevention and Control of Credit Cooperation of Farmers'Cooperatives in China(16XJY021).
文摘Based on the quarterly economic,social and financial development data of 39 poverty-stricken counties in Henan Province during 2016-2018,this paper utilized the entropy-based TOPSIS method to objectively measure the rural revitalization index,and then built the quantile regression model to study the effects of various elements of inclusive finance on different stages of rural revitalization.Research results show that industrial development,agricultural modernization,targeted poverty alleviation,endogenous demand,and rural governance are the main points of inclusive finance in poverty-stricken areas to support rural revitalization;the rural revitalization index indicates that compared with the Dabie Mountain area and the non-contiguous poverty-stricken areas,the rural revitalization of the Qinba Mountain area is slower;for inclusive finance supporting rural revitalization,it is necessary to bring into play the role of monetary policy tools in re-lending,functions of credit in supporting industrial development,and role of insurance in risk protection;furthermore,inclusive finance solves problems such as the diminishing marginal effect of physical machinery investment in rural revitalization support,financial support for the coordinated development of small farmers and new agricultural business entities,financial support for the development of the entire industry chain,and the"siphon effect"of capital.
基金supported by the National Social Science Fund of China(Grant No.22CJY060).
文摘Limiting toxic elements from being exposed to the world’s atmosphere has been the biggest challenge among environmental researchers and stakeholders.Climate change conferences have been counselling the global economies to take serious steps toward profound decarbonization to keep the universal temperature below 1.5C.In this context,the direction of environmental research has changed,and researchers are more focused on tracing how to limit pollution and keep it below the threshold level.In this milieu,nuclear energy can make a big difference along with other alternatives to fossil energy.Therefore,we extend the extant literature by exploring the dynamic effects of atomic energy and ICT on carbon emissions(CO_(2))for top nuclear energy countries using data from 1990 to 2017.To obtain robust findings,we deploy a novel non-parametric econometric approach(i.e.,method of moments quantile regression).The results suggest that nuclear energy is a sustainable alternative to historical fossil fuel as it curbs CO_(2)emissions in the lower,middle,and upper quantiles.Furthermore,our findings corroborate that ICT penetration through the internet,mobile and telephone plays a vital role in improving environmental quality.Moreover,we unveil that linear economic growth jeopardizes the environment by unleashing harmful gases.The findings also support the existence of the Environmental Kuznets Curve(EKC)hypothesis by confirming the negative association between the polynomial economic growth(squared-GDP)and CO_(2)emissions among the designated nations.Also,the Granger causality test reaffirms the causal nexus among selected series that runs from nuclear energy and technological innovation to CO_(2)emissions,indicating that any policy shock in both series leads to environmental degradation.We,therefore,advocate that the designated territories keep enriching their energy baskets with nuclear energy and boost ICT penetration to achieve a 100%decoupling of economic growth from pollution.
