Exploring the nexus of geopolitical risk, green financing, and natural resource rents: A study of Russias economic growth
Li Q. He H. Oskenbayev Y. Ullah I.
September 2024Elsevier Ltd
Resources Policy
2024#96
Geopolitical risk encompasses various uncertainties arising from political, social, and economic factors, which can significantly influence a countrys economic performance. Therefore in this study we analyzed the impact of geopolitical risk (GPR), green financing, and natural resource rents (NRR) on Russias economic growth during 2000–2022 is examined in this study. The collected data is analyzed using simple quantile regression, the ADF unit root test, Johansen Co-integration, and other time series methods. A unit root test shows that level (1) data is stable and that variables are co-integrated. Quantile regression research shows that GPR positively impacts economic growth at the median and higher quantiles. In addition, green finance and commerce boost economic growth across all quantiles. The results support the resource curse hypothesis, which claims that NRR negatively affects economic growth. The Granger causality test shows that GDP and its explanatory components are causally related. These findings were compatible with quantile regression estimates after a parametric examination. The policy implications for researchers and politicians concerned with green finance, natural resource sustainability, and geopolitical dangers to economic growth are significant.
Economic growth , Geopolitical risk , Green financing , Natural resources rent
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Law School Shanghai University, Shanghai, China
Economics School Shanghai University, Shanghai, China
Institute of Advanced Research and Sustainable Development, Nazarbayev 113/55, Almaty, 050000, Kazakhstan
School of International studies, Sichuan University, Yihuan Road, Chengdu, 610065, China
Law School Shanghai University
Economics School Shanghai University
Institute of Advanced Research and Sustainable Development
School of International studies
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