Natural Resources—Are They a Blessing or Curse? A Systematic Literature Review of Resource‐Finance Nexus
Bibliographic Data
| ID | 12306588 |
|---|---|
| Authors | Nadia Jamil (0009-0008-0534-6293, Department of Management Sciences Capital University of Science &Technology Islamabad Pakistan, corresponding author), Jaleel Ahmed (0000-0002-3962-4844, Department of Accounting and Finance Capital University of Science &Technology Islamabad Pakistan) |
| Year | 2025 |
| Volume | 33 |
| Issue | 4 |
| Pages | 5604-5620 |
| Publication date | 2025-03-06 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.3427 |
| OpenAlex | W4408310810 |
| Language | EN |
| Citations received | 4 |
| References cited | 87 |
The relationship between natural resources and financial development has been the focus of numerous studies, but there are unanswered questions that necessitate a thorough literature assessment. The objective of this study is to map the extensive field of resource‐finance nexus through a systematic literature review, identify key themes suggested by existing literature, and suggest future research avenues by answering the what, how, who, and why of the resource‐finance nexus for resource‐rich economies. The study establishes that the resource‐finance nexus is a multidisciplinary topic. Natural resource blessings depend on the price stability of resources, the governance system, democratization, sustainable finance, and building human capital through the Triple Helix Model. To achieve sustainable development goals, the study proposes incorporating digital financial inclusion, Fintech, green finance, and green technology as hotspot areas in the resource‐finance nexus. It provides insight into how these advancements can help resource‐based countries improve environmental, human, and economic development. Furthermore, a research gap exists in studying the nexus between natural resources and stock market development
Blessing · Curse · Economics · Natural resource · Nexus (standard · Political science · Resource (disambiguation · Resource curse · Theology · Computer Science · Energy, Environment, Economic Growth · Law · Mining and Resource Management · Natural Resources and Economic Development · Philosophy
Settling Geopolitical Disputes and Overcoming the Carbon Curse to Establish Environmental Sustainability in Asia
Bridging Inequality and Energy Transition
Natural Resources Management for Achieving SDGs
The Impact of Natural Resource Rents on Sustainable Development Dimensions in Resource‐Rich Countries
Method for conducting systematic literature review and meta-analysis for environmental science research
Sustainable Industry 4.0 framework
Scientific procedures and rationales for systematic literature reviews (SPAR‐4‐SLR)
Volatility and the natural resource curse
Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic Review
Financial development and natural resources
A tale of two databases
Is the fourth industrial revolution transforming the relationship between financial development and its determinants in emerging economies
Green finance, fintech, and environmental sustainability
Bibliometric analysis of finance and natural resources
Winner or loser? The asymmetric role of natural resource rents on financial development among resource‐rich countries
Do Natural Resource Revenues Hinder Financial Development? The Role of Political Institutions
Effects of digitalization on financialization
How knowledge base factors change natural resource curse to economic growth
Ways of constructing research questions
| Unique citing works | 4 |
|---|---|
| Citations per year | 4 |
| Citation span | 2025 - 2026 (2) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |