Navigating economic and legal compliance in digital resource management: Technological Pathways to sustainability with digital government

Abstract

The study examines the effects of financial technology and the regulatory environment on reliance on natural resources using panel data from 276 cities collected between 2010 and 2020 and a fixed-effect model. The findings indicate that the legal framework restricts reliance on natural resources, and financial technology plays a role in reducing the impact of the legal framework on natural Regulatory compliance index. The influence of financial technology on resource reliance is more evident in locations with high levels of technological development as opposed to areas with moderate and low degrees of technology. Reducing dependency on resources may be achieved via both high-level and low-level legal frameworks. The Legal compliance level has a higher inhibitory influence on resource reliance in the eastern area compared to the central-western regions. When it comes to lessening the impact of the legal system on reliance on resources, innovative green technology becomes very beneficial. When its minimum significance exceeds 5.278. These findings have significant policy consequences in digital government and sustainable resource management. This study highlights the crucial importance of technology routes in digital governance for assuring economic and legal adherence in managing digital resources, eventually promoting sustainability.