Natural Resources Forum,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Jan. 26, 2024
Abstract
Examining
the
relationship
between
natural
resources
and
financial
development
(FD)
has
been
a
crucial
research
area
for
several
years.
This
study
examines
time‐
frequency‐varying
influence
of
on
FD
in
China
under
“resource
curse”
concept.
In
contrast
to
previous
studies,
additional
economic
factors
such
as
policy
uncertainty
(EPU),
technological
innovation,
gross
fixed
capital
formation
(GFCF),
government
stability
(GS)
are
also
considered
model.
Wavelet
approaches
were
used
examine
frequency‐based
nexus
among
variables,
covering
period
from
1995
2021.
The
outcomes
indicate
an
adverse
impact
long‐term
frequencies
during
analyzed
period,
confirming
“resources
China.
other
including
formation,
stability,
positively
linked,
while
EPU
is
negatively
linked
FD.
implications
this
highlight
need
effective
resource
management,
amplifying
efficient
governments
spur
