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ORIGINAL RESEARCH article
Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 13 - 2025 | doi: 10.3389/fenvs.2025.1576038
This article is part of the Research TopicClimate Risk and Green and Low-Carbon Transformation: Economic Impact and Policy ResponseView all 21 articles
Dissecting the Relationship between Fin-tech Indicators, Natural Resources and Green Productivity in ASEAN: Regarding Human Development and Globalization Perspectives
Provisionally accepted- 1Yonsei University, Seoul, Republic of Korea
- 2Kyung Hee University, Seoul, Republic of Korea
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In the pursuit of sustainable development, green productivity has emerged as a crucial concept, bridging the gap between ecological conservation and economic prosperity to foster both environmental protection and human welfare. This research undertakes an in-depth exploration of the intricate associations among natural resource utilization, the forces of globalization, advancements in financial technology (fintech), human development, and green productivity within the ASEAN region during the period from 2000 to 2021. Employing advanced econometric techniques such as the Augmented Mean Group (AMG), Common Correlated Effects Mean Group (CCEMG), Fixed Effects modeling, and the Moments Quantile Regression (MMQR) to dissect panel data, the study aims to decipher the multifaceted impacts of these variables on environmental sustainability. The results reveal that overreliance on natural resources and the process of globalization pose challenges to green production, while economic expansion and human development initiatives act as catalysts for sustainability. The symbiotic relationship between human development and green business practices further accentuates the importance of holistic policy formulation. Notably, the findings highlight that the implementation of stringent environmental regulations and the adoption of sustainable resource management strategies not only enhance green production but also stimulate economic growth without compromising environmental integrity. This study not only enriches the theoretical framework of ecological economics but also uncovers the critical interdependencies of sustainability components within the ASEAN context. By spotlighting the necessity for integrated policies that harmonize economic and environmental objectives, this research offers valuable insights to policymakers striving to achieve sustainable development in the region. Moreover, it emphasizes the urgency of a comprehensive approach to address the sustainability conundrums faced by ASEAN nations, paving the way for future investigations into the complex web of multiple sustainability issues prevalent in developing economies.
Keywords: FinTech, sustainable development, Green productivity, Human Development, Globalization Natural resource use negatively impacts green productivity
Received: 13 Feb 2025; Accepted: 10 Apr 2025.
Copyright: © 2025 HE, Dai, He, Li and Tu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Yulin Tu, Yonsei University, Seoul, Republic of Korea
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