Natural resource trade and financial technology as drivers of inclusive green growth in Belt and Road initiative countries


Khan K. A., Kaya E., Çitil M., Pilatin A., Barut A.

ENERGY STRATEGY REVIEWS, cilt.62, 2025 (SCI-Expanded, Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 62
  • Basım Tarihi: 2025
  • Doi Numarası: 10.1016/j.esr.2025.101903
  • Dergi Adı: ENERGY STRATEGY REVIEWS
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Compendex, INSPEC, Directory of Open Access Journals
  • Anahtar Kelimeler: Inclusive green growth, Natural resource trade, Fintech, Political stability, China, BRI
  • Recep Tayyip Erdoğan Üniversitesi Adresli: Evet

Özet

Natural resources can pave the way for sustainability and green growth, but they can also be a significant cause of conflict and war. Therefore, it is important to understand how natural resources impact inclusive green growth (IGG).This research employs the 30 countries from the Belt and Road Initiative (BRI) connected through trade, infrastructure, and investment with China to see how their inclusive green growth is affected via natural resources trade (NRT) with China. Given China's role as the largest trader of natural resources, its activities significantly influence the economic and environmental conditions of BRI countries. The research also examines how financial technology impacts IGG, and considers additional variables such as political stability, population dynamics, internet technologies, and structural transformation. The research employs quantile regression methods, including machine learning algorithms and Method of Moments Quantile Regression, as well as a Generalized Method of Moments (GMM) technique. The findings reveal that the NRT of the BRI network with China negatively affects inclusive green growth, while Fintech contributes positively to IGG. Additionally, economic complexity and internet technologies have a positive impact, while population has a negative effect on IGG. Political stability moderates the relationship of NRT and Fintech with IGG. These results underscore the importance of tailored policy recommendations to achieve inclusive green growth in BRI countries. Fintech plays a key role in green growth, and thus, developing countries should make strategic decisions based on fintech and technology adoption that may reduce environmental degradation and increase the efficiency of natural resources trade, supporting long-term development goals.