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Impact of energy intensity, green economy, and natural resources development to achieve sustainable economic growth in Asian countries

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  • Huang, Weiting
  • He, Jia

Abstract

Natural resource depletion has a multiplicative effect on economic development. As a result of the SDG, global impacts are now at the forefront of the global industry's concerns. This research aims to understand better the interplay between the endowment of natural resources, institutional strength, trade liberalization, and FDI from 2009 through 2021, a system GMM model is used to examine the relationships between NRR, IQ, too, and FDI in China. As a result of their high GDP, these nations were selected by the European GMM model (GDP). In the end, the study found that the economy of these nations improved once they began using both natural and artificial energy sources. Resources may be a driver or a drag on economic growth, depending on the nation. Levels of carbon dioxide increase with economic growth and fossil fuel usage but decrease when renewable energy sources are prioritized. The amount of carbon dioxide (CO2) released due to the combustion of natural resources is also considered in each section. Carbon dioxide emissions may be reduced, and economic growth encouraged via the employment of laws promoting following standards and great learning surroundings.

Suggested Citation

  • Huang, Weiting & He, Jia, 2023. "Impact of energy intensity, green economy, and natural resources development to achieve sustainable economic growth in Asian countries," Resources Policy, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:jrpoli:v:84:y:2023:i:c:s0301420723004373
    DOI: 10.1016/j.resourpol.2023.103726
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    8. Madaleno, Mara & Ahmed, Zahoor & Doğan, Buhari & Javeed, Saba & Vasa, László, 2023. "The aptness of import-led growth hypothesis for sustainable development in South Asia: Do energy utilization and natural resources matter?," Resources Policy, Elsevier, vol. 86(PB).

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