Abstract
This article offers a contribution to the understanding of the links between credit, inequality and natural resources, using panel data from 2002 to 2021 for 31 countries. A system-generalised method of moments was employed to determine the dynamic relationship between the variables of the study. The findings of the study suggest inequality and natural resources have a negative and significant relationship with credit. Higher inequality levels and natural resources rents are associated with a lower ratio of private credit to gross domestic product. The study offers an insight into the three pillars of sustainability, namely economic, social and environmental. It is essential for policymakers to integrate environmental factors such as natural resources in the relationships between inequality and the financial sector.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.