Vol. 4 No. 1 (2024): Elegest Elegeş
Makaleler

Effects of Financial Technologies on Ecological Sustainability in Resource Efficiency Perspectiıve: Empirical Evidence from G20 Countries

  • Meral Çabaş

Published 30.03.2024

Keywords

  • Fintech,
  • Resource Efficiency,
  • Ecological Footprint,
  • MMQR Quantile Regression
  • Fintek,
  • Kaynak Verimliliği,
  • Ekolojik Ayak İzi,
  • MMQR Kantil Regresyon

How to Cite

Effects of Financial Technologies on Ecological Sustainability in Resource Efficiency Perspectiıve: Empirical Evidence from G20 Countries. (2024). Elegest Elegeş, 4(1), 45-57. https://doi.org/10.64360/6wz7pz02

Copyright (c) 2024 Meral Çabaş (Yazar)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Effects of Financial Technologies on Ecological Sustainability in Resource Efficiency Perspectiıve: Empirical Evidence from G20 Countries. (2024). Elegest Elegeş, 4(1), 45-57. https://doi.org/10.64360/6wz7pz02

Abstract

Ecological concern caused by economic activities is a common problem of the whole world. In addition to human development, sustainable environment is one of the sustainable development goals. Environmental concerns have brought financial management and technology together, creating digital transformation. Rapidly expanding financial technologies (fintech) have become one of the key dynamics of sustainable development. This study focuses on analyzing the relationship between fintech and environmental degradation for 19 G20 countries from a resource efficiency perspective. To this end, quantile regression and dynamic regression models are used.  MMQR, which measures marginal effects across quantiles, and the system GMM estimator, which measures dynamic effects, are used to check the robustness of the results. The results indicate that in the G20 countries, finance significantly 
reduces environmental deficits through the resource efficiency channel. Moreover, rapid income growth and trade in these countries increase the ecological footprint and cause. In light of these findings, the integration of G20 countries into digital transformation is seen as the key to getting rid of ecological concerns. Fintech integrated into economic progress and trade will unlock a sustainable ecology from a resource efficiency perspective with the support of green finance.

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