SAF Senior Lecturer Dr Leow Hon Wei’s Research Paper Published In An Esteemed Journal

We are pleased to announce that a research article related to Green Finance by Dr Leow Hon Wei, Senior Lecturer from the School of Accounting and Finance (SAF) was recently published in one of the esteemed journals, Resources Policy, Volume 76, Elsevier Publication, indexed from Web of Science (WoS) and SCOPUS Q1.

The research paper on Natural Resources Commodity Prices Volatility and Economic Performance: Evaluating the Role of Green Finance, aims to evaluate the importance of natural resources volatility, investment in energy resources, and innovation on the economic performance of the provincial data of China. 

COVID-19 is one of the biggest sources of economic downfall around the globe with many global economic activities badly affected. Therefore, during this period, the role of natural resources commodity prices is equally important to determine the economic performance of a country. 

This study uses novel panel data approaches, i.e., Pesaran unit root test, Westerlund cointegration approach, augmented mean group, and Dumitrescu-Hurlin causality test. 

The study found a positive impact on natural resources as well as green finance, investment in energy resources, and innovation towards uplifting economic performance. 

Dr Leow’s study recommends stability in natural resources prices volatility, promotion of green financing, and more investment towards energy resources. The empirical outcomes from this study provide a novel path for achieving high economic performance.

The DOI of the paper is https://doi.org/10.1016/j.resourpol.2022.102557 and can be downloaded from the journal website at http://authors.elsevier.com/a/1eSG914YFx413b.