IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v83y2023ics0301420723002933.html
   My bibliography  Save this article

Green economic recovery in Central Asia by utilizing natural resources

Author

Listed:
  • Hu, Xiaofeng

Abstract

In this research, the impacts of efficiency in natural resource utilization on green economic recovery are measured for the case of five Central Asian countries from 2000 to 2021 through the Panel ARDL (Autoregressive Distributed Lag) approach. The primary findings confirmed that for the industrial and agricultural sectors of the region, the efficiency of utilization of natural resources has a positive effect on green economic growth. In addition, the panel causality test confirmed a bi-directional causal linkage between green economic growth in industry and resource efficiency. In contrast, the efficiency in natural resource deployment causes green economic growth in the agricultural sector in Central Asia. The governments of Central Asia can follow practical policies like supporting green technologies and innovations, transferring green technologies from advanced countries, imposing a carbon tax, and greening mechanization of the agricultural sector.

Suggested Citation

  • Hu, Xiaofeng, 2023. "Green economic recovery in Central Asia by utilizing natural resources," Resources Policy, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723002933
    DOI: 10.1016/j.resourpol.2023.103582
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723002933
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.103582?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.

    References listed on IDEAS

    as
    1. Lee, Chien-Chiang & He, Zhi-Wen, 2022. "Natural resources and green economic growth: An analysis based on heterogeneous growth paths," Resources Policy, Elsevier, vol. 79(C).
    2. Katsiaryna Svirydzenka, 2016. "Introducing a New Broad-based Index of Financial Development," IMF Working Papers 2016/005, International Monetary Fund.
    3. Xu, Jiaqi & She, Shengxiang & Gao, Pengpeng & Sun, Yunpeng, 2023. "Role of green finance in resource efficiency and green economic growth," Resources Policy, Elsevier, vol. 81(C).
    4. Goenka, Aditya & Liu, Lin & Nguyen, Manh-Hung, 2021. "COVID-19 and a Green Recovery?," Economic Modelling, Elsevier, vol. 104(C).
    5. Cheng, Zhonghua & Li, Xiang & Wang, Meixiao, 2021. "Resource curse and green economic growth," Resources Policy, Elsevier, vol. 74(C).
    6. Xu, Xiaoying, 2022. "The impact of natural resources on green growth: The role of green trade," Resources Policy, Elsevier, vol. 78(C).
    7. Lee, Chien-Chiang & Chen, Pei-Fen & Chu, Pin-Jie, 2023. "Green recovery through financial inclusion of mobile payment: A study of low- and middle-income Asian countries," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 729-747.
    8. Abdulrasheed Zakari & Vincent Tawiah & Babajide Oyewo & Rafael Alvarado, 2023. "The impact of corruption on green innovation: the case of OECD and non-OECD countries," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 66(6), pages 1336-1368, May.
    9. Hong, Ying & Hu, Jiangting & Chen, Mengyu & Tang, Shoulian, 2023. "Motives and antecedents affecting green purchase intention: Implications for green economic recovery," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 523-538.
    10. Appolloni, Andrea & Chiappetta Jabbour, Charbel Jose & D'Adamo, Idiano & Gastaldi, Massimo & Settembre-Blundo, Davide, 2022. "Green recovery in the mature manufacturing industry: The role of the green-circular premium and sustainability certification in innovative efforts," Ecological Economics, Elsevier, vol. 193(C).
    11. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    12. Wang, Xuanxuan & Chen, Yaning & Li, Zhi & Fang, Gonghuan & Wang, Yi, 2020. "Development and utilization of water resources and assessment of water security in Central Asia," Agricultural Water Management, Elsevier, vol. 240(C).
    13. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    14. Muhamad, Goran M. & Heshmati, Almas & Khayyat, Nabaz T., 2021. "How to reduce the degree of dependency on natural resources?," Resources Policy, Elsevier, vol. 72(C).
    15. Sun, Yunpeng & Gao, Pengpeng & Tian, Wenjuan & Guan, Weimin, 2023. "Green innovation for resource efficiency and sustainability: Empirical analysis and policy," Resources Policy, Elsevier, vol. 81(C).
    16. Zhao, Linhai & Rasoulinezhad, Ehsan, 2023. "Role of natural resources utilization efficiency in achieving green economic recovery: Evidence from BRICS countries," Resources Policy, Elsevier, vol. 80(C).
    17. Miao, Chenglin & Fang, Debin & Sun, Liyan & Luo, Qiaoling, 2017. "Natural resources utilization efficiency under the influence of green technological innovation," Resources, Conservation & Recycling, Elsevier, vol. 126(C), pages 153-161.
    18. Hussain, Jamal & Khan, Anwar & Zhou, Kui, 2020. "The impact of natural resource depletion on energy use and CO2 emission in Belt & Road Initiative countries: A cross-country analysis," Energy, Elsevier, vol. 199(C).
    19. Shang, Yunfeng & Lian, Yi & Chen, Hui & Qian, Fangbin, 2023. "The impacts of energy resource and tourism on green growth: Evidence from Asian economies," Resources Policy, Elsevier, vol. 81(C).
    20. Smol, Marzena, 2022. "Is the green deal a global strategy? Revision of the green deal definitions, strategies and importance in post-COVID recovery plans in various regions of the world," Energy Policy, Elsevier, vol. 169(C).
    21. Vincent Tawiah & Abdulrasheed Zakari & Guo Li & Anthony Kyiu, 2022. "Blockchain technology and environmental efficiency: Evidence from US‐listed firms," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3757-3768, December.
    22. repec:hal:journl:hal-03549316 is not listed on IDEAS
    23. Abdulrasheed Zakari & Bahareh Oryani & Rafael Alvarado & Kadir Mumini, 2023. "Assessing the impact of green energy and finance on environmental performance in China and Japan," Economic Change and Restructuring, Springer, vol. 56(2), pages 1185-1199, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li, Zengrong & Wu, Yanqiu & Rasoulinezhad, Ehsan & Sheng, Yishen & Bi, Chunyu, 2023. "Green economic recovery in central Asia by utilizing natural resources," Resources Policy, Elsevier, vol. 83(C).
    2. Zhang, Jianhua & Liu, Yushan & Zhang, Weihua & Ma, Xinyuan, 2023. "Role of green technologies in enhancing the efficiency of natural resources," Resources Policy, Elsevier, vol. 83(C).
    3. Xu, Jiaqi & Zhao, Jingfeng & Liu, Wen, 2023. "A comparative study of renewable and fossil fuels energy impacts on green development in Asian countries with divergent income inequality," Resources Policy, Elsevier, vol. 85(PA).
    4. Shen, Lihua & Zhang, Zhibin & Yang, Qin, 2024. "Is e-commerce capable to promote mineral resources? Evidence for Belt and Road Initiative countries," Resources Policy, Elsevier, vol. 88(C).
    5. Yao, Niaoer & Fabus, Michal & Hu, Lifeng & Qian, Fangbin, 2023. "Resource efficiency and economic sustainability in APEC: Assessing the financial sector's role," Resources Policy, Elsevier, vol. 85(PB).
    6. Yang, Jinghang & Xing, Yuanyuan & Han, Yuanyuan, 2023. "Utilization of E-commerce for fossil fuels allocation and green recovery," Resources Policy, Elsevier, vol. 85(PB).
    7. Ma, Xuewen & Zhang, Dongming, 2023. "Digitalization of the economy for fossil fuels efficiency and carbon neutrality," Resources Policy, Elsevier, vol. 86(PA).
    8. Wei, Xiaolin & Shang, Yunfeng, 2023. "Modernization of governance at Chinese universities: Role of fossil fuels and green energy resource," Resources Policy, Elsevier, vol. 85(PB).
    9. Ma, Xuewen & Liu, Liyan & Zhang, Dongming, 2024. "How green finance tools and electric vehicles minerals sustainability are related?," Resources Policy, Elsevier, vol. 90(C).
    10. Xiaoping, Chen & Yanqiu, Wu, 2024. "Cultivating green growth: The interplay of communication and resource efficiency in East Asia," Resources Policy, Elsevier, vol. 90(C).
    11. Chen Qian & Ghulam Rasool Madni, 2022. "Encirclement of Natural Resources, Green Investment, and Economic Complexity for Mitigation of Ecological Footprints in BRI Countries," Sustainability, MDPI, vol. 14(22), pages 1-15, November.
    12. Zhang, Ming & Li, Xiaoyan & Pai, Chih-Hung & Ding, Huanhuan & Zhang, Xuan, 2023. "Green credit and fossil fuel resource efficiency: Advancing sustainability in Asia," Resources Policy, Elsevier, vol. 86(PB).
    13. Chen, Xiaoyu & Wang, Yujing & Li, Tongxin, 2024. "Examining the resource curse phenomenon, digital finance integration, and their impacts on economic growth: Empirical insights from South Korea," Resources Policy, Elsevier, vol. 88(C).
    14. Liu, Nan & Teng, Long & Tian, Wenjuan & Li, Ying, 2023. "Does digitalization enhance fossil fuels resources efficiency?," Resources Policy, Elsevier, vol. 85(PA).
    15. Li, Yunfa & Liu, Fawei, 2023. "Assessment of impacts of land and electricity prices on mineral efficiency," Resources Policy, Elsevier, vol. 86(PB).
    16. Yanqiu Wu & Yuanjie Pu & Chih-Hung Pai, 2023. "Ways to promote intra-regional trade and investment in Central Asia to boost the green recovery," Economic Change and Restructuring, Springer, vol. 56(4), pages 2511-2527, August.
    17. Shao, Junli & Wu, Dengrong & Jin, Cheng, 2023. "How do financial inclusion and education increase resource efficiency?," Resources Policy, Elsevier, vol. 85(PA).
    18. Xu, Chunguang & Li, Xiaohui, 2023. "The efficiency of natural resource consumption and government administration concerning green economic growth in Asian countries," Resources Policy, Elsevier, vol. 82(C).
    19. Wang, Bo & Yang, Haoting & Tian, Wenjuan & Bi, Chunyu, 2023. "Determinants of trade of mineral resources between China and ASEAN," Resources Policy, Elsevier, vol. 85(PB).
    20. Yao, Shun & Li, Tongxin & Li, Ying, 2023. "Promoting sustainable fossil fuels resources in BRICS countries: Evaluating green policies and driving renewable energy development," Resources Policy, Elsevier, vol. 85(PA).

    More about this item

    Keywords

    Green economy; Natural resources; Resource curse; Central Asia; Panel data;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    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:83:y:2023:i:c:s0301420723002933. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.