Document Type : Research Paper
Authors
1 Ph.D. Candidate in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran
2 Ph.D. student in Economics, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran
3 Associate Professor, Department of Economics, Ferdowsi University of Mashhad, Mashhad, Iran
Abstract
The current research seeks to investigate the effects of fintech and the quality of governance on the transition of green energy in the Group of 7 (G7) countries in the annual period from 2000 to 2021, with the help of panel quantile regression. The experimental results confirm that the fintech index (FIN) positively and significantly affects the logarithm of transition to green energy in all deciles. Also, the quality of governance (GOV) in all deciles positively affects the logarithm of the transition to green energy, and the first, eighth, and ninth deciles have statistical significance. The logarithm of urbanization (LURB) negatively and significantly affects the logarithm of transition to green energy in all deciles. The logarithm of foreign direct investment (LFDI) up to the fifth decile has a negative effect on the logarithm of transition to green energy, and only the first and second deciles have statistical significance. The logarithm of gross domestic product per capita (LGDP) in all deciles has a positive effect on the logarithm of transition to green energy, and except for the sixth, eighth, and ninth deciles, the rest have statistical significance. Also, the variables of urbanization, foreign direct investment, and GDP per capita (through increasing demand for fintech services due to the increase in the population of cities and economic growth and helping to develop fintech infrastructure by attracting foreign investment) have a positive relationship with fintech indicators and the quality of governance.
Keywords
Main Subjects
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https://civilica.com/doc/1564968
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