دورية أكاديمية

Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?

التفاصيل البيبلوغرافية
العنوان: Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?
المؤلفون: Alam I; College of Business Administration, Liaoning Technical University, Fuxin, China., Shichang L; College of Business Administration, Liaoning Technical University, Fuxin, China., Muneer S; Department of Economics and Finance, University of Ha'il, Ha'il, Saudi Arabia., Alshammary KM; School of Distance Education, Universiti Sains Malaysia, Gelugor, Malaysia., Zia Ur Rehman M; Faisalabad Business School, National Textile University, Faisalabad, Pakistan.
المصدر: PloS one [PLoS One] 2024 Mar 20; Vol. 19 (3), pp. e0298545. Date of Electronic Publication: 2024 Mar 20 (Print Publication: 2024).
نوع المنشور: Journal Article
اللغة: English
بيانات الدورية: Publisher: Public Library of Science Country of Publication: United States NLM ID: 101285081 Publication Model: eCollection Cited Medium: Internet ISSN: 1932-6203 (Electronic) Linking ISSN: 19326203 NLM ISO Abbreviation: PLoS One Subsets: MEDLINE
أسماء مطبوعة: Original Publication: San Francisco, CA : Public Library of Science
مواضيع طبية MeSH: Carbon Dioxide*/analysis , Information Technology*, Humans ; Communication ; Economic Development ; Technology ; Renewable Energy
مستخلص: Advances in financial inclusions have contributed to economic growth and poverty alleviation, addressing environmental implications and implementing measures to mitigate climate change. Financial inclusions force advanced countries to progress their policies in a manner that does not hinder developing countries' current and future development. Consequently, this research examined the asymmetric effects of information and communication technology (ICT), financial inclusion, consumption of primary energy, employment to population ratio, and human development index on CO2 emissions in oil-producing countries (UAE, Nigeria, Russia, Saudi Arabia, Norway, Kazakhstan, Kuwait, Iraq, USA, and Canada). The study utilizes annual panel data spanning from 1990 to 2021. In addition, this study investigates the validity of the Environmental Kuznets Curve (EKC) trend on the entire sample, taking into account the effects of energy consumption and population to investigate the impact of financial inclusion on environmental degradation. The study used quantile regression, FMOLS, and FE-OLS techniques. Preliminary outcomes revealed that the data did not follow a normal distribution, emphasizing the need to use quantile regression (QR). This technique can effectively detect outliers, data non-normality, and structural changes. The outcomes from the quantile regression analysis indicate that ICT consistently reduces CO2 emissions in all quantiles (ranging from the 1st to the 9th quantile). In the same way, financial inclusion, and employment to population ratio constrains CO2 emissions across each quantile. On the other side, primary energy consumption and Human development index were found to increase CO2 emissions in each quantile (1st to 9th). The findings of this research have implications for both the academic and policy domains. By unraveling the intricate interplay between financial inclusion, ICT, and environmental degradation in oil-producing nations, the study contributes to a nuanced understanding of sustainable development challenges. Ultimately, the research aims to guide the formulation of targeted policies that leverage financial inclusion and technology to foster environmentally responsible economic growth in oil-dependent economies.
Competing Interests: The authors have declared that no competing interests exist.
(Copyright: © 2024 Alam et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
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المشرفين على المادة: 142M471B3J (Carbon Dioxide)
تواريخ الأحداث: Date Created: 20240320 Date Completed: 20240322 Latest Revision: 20240323
رمز التحديث: 20240323
مُعرف محوري في PubMed: PMC10954129
DOI: 10.1371/journal.pone.0298545
PMID: 38507420
قاعدة البيانات: MEDLINE
الوصف
تدمد:1932-6203
DOI:10.1371/journal.pone.0298545