IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v91y2024ics0301420724003271.html
   My bibliography  Save this article

Influence of oil prices and precious metals on green growth: Role of digitization in BRICS region

Author

Listed:
  • Zhou, Qiyun
  • Wu, Jianpeng
  • Zuo, Xiaoming

Abstract

Mineral and energy prices significantly affect any country's sustainable economic growth. Achieving global economic development without compromising the ecosystem is crucial for developing countries. Perusing this concept, this study explores the comprehensive association of precious and energy metal prices and digitalization on the green growth of the BRICS economies. This study extracted data on oil, gold, silver, platinum, palladium, copper, aluminium, and nickel prices and constructed a digitalization index to draw its linkages with multifactor green productivity (green growth). It applies the Method of Moment Quantile Regression (MMQR) and reveals that energy prices and precious metals influence green growth negatively; however, these effects are substantially varied at different levels of green growth. In contrast, digitization supports green transformation in the BRICS region. Implementing digital innovation in industries and establishing sustainable securities play a crucial role in explaining the green growth of emerging nations. The study's results also underscored the significance of fluctuations in mineral and energy metal prices in influencing green growth, with oil prices playing a pivotal role in shaping the business cycles of these nations.

Suggested Citation

  • Zhou, Qiyun & Wu, Jianpeng & Zuo, Xiaoming, 2024. "Influence of oil prices and precious metals on green growth: Role of digitization in BRICS region," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724003271
    DOI: 10.1016/j.resourpol.2024.104960
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724003271
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104960?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724003271. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.