IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v86y2023ipas0301420723008991.html
   My bibliography  Save this article

Green bond and trade openness effects on sustainable business practices in natural resource markets

Author

Listed:
  • Zhang, Mei
  • Zhang, Danting
  • Yang, Yunjiao

Abstract

This study, spanning 1995–2020 across 24 countries, investigates the influence of green bonds and trade openness on sustainable practices in natural resource markets, impacting green economic growth. Using the Generalized Method of Moments (GMM) model, our analysis shows that green bond issuance promotes sustainable business practices in these markets, fostering environmental responsibility and resource utilization for sustainable development. Furthermore, trade openness significantly enhances sustainable practices by optimizing resource use, reducing waste, and streamlining supply chains.

Suggested Citation

  • Zhang, Mei & Zhang, Danting & Yang, Yunjiao, 2023. "Green bond and trade openness effects on sustainable business practices in natural resource markets," Resources Policy, Elsevier, vol. 86(PA).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pa:s0301420723008991
    DOI: 10.1016/j.resourpol.2023.104188
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723008991
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104188?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. Duan, Xiaoping & Xiao, Ya & Ren, Xiaohang & Taghizadeh-Hesary, Farhad & Duan, Kun, 2023. "Dynamic spillover between traditional energy markets and emerging green markets: Implications for sustainable development," Resources Policy, Elsevier, vol. 82(C).
    2. Yuan Chen & Jie Zhang & Hui Chen, 2023. "An economic analysis of sustainable tourism development in China," Economic Change and Restructuring, Springer, vol. 56(4), pages 2227-2242, August.
    3. Jie Zhang & Majed Alharthi & Qaiser Abbas & Weiqing Li & Muhammad Mohsin & Khan Jamal & Farhad Taghizadeh-Hesary, 2020. "Reassessing the Environmental Kuznets Curve in Relation to Energy Efficiency and Economic Growth," Sustainability, MDPI, vol. 12(20), pages 1-21, October.
    4. Jun Zhao & Kangyin Dong & Farhad Taghizadeh-Hesary, 2023. "Moving Towards Sustainable Development: Can Narrowing Income Inequality Facilitate Green Growth in China?," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 25(02), pages 1-34, June.
    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. Chen, Fujiang & She, Wuyue & Zeng, Feng & Gao, Meiben & Wen, Chao & Liu, Guoxin & Wu, Lixun & Wu, Yang & Zhang, Chi, 2024. "Resource depletion and conservation: Balancing demands on resources for green recovery and sustainability," Resources Policy, Elsevier, vol. 89(C).
    2. Huaide Wen & Jun Dai, 2021. "The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation," Sustainability, MDPI, vol. 13(5), pages 1-19, March.
    3. Xiaomeng Zhao & Kangyin Dong & Jun Zhao & Qingzhe Jiang, 2024. "Paths to sustainable development in China: why green finance and green technology matter?," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-26, April.
    4. Daiva Makutėnienė & Algirdas Justinas Staugaitis & Bernardas Vaznonis & Gunta Grīnberga-Zālīte, 2023. "The Relationship between Energy Consumption and Economic Growth in the Baltic Countries’ Agriculture: A Non-Linear Framework," Energies, MDPI, vol. 16(5), pages 1-22, February.
    5. Ren, Xiaohang & Xiao, Ya & Xiao, Shitong & Jin, Yi & Taghizadeh-Hesary, Farhad, 2024. "The effect of climate vulnerability on global carbon emissions: Evidence from a spatial convergence perspective," Resources Policy, Elsevier, vol. 90(C).
    6. Zhao, Lu-Tao & Liu, Hai-Yi & Chen, Xue-Hui, 2024. "How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence," Journal of Commodity Markets, Elsevier, vol. 33(C).
    7. Ren, Xiaohang & Li, Yiying & Sun, Xianming & Bu, Ruijun & Jawadi, Fredj, 2023. "Modeling extreme risk spillovers between crude oil and Chinese energy futures markets," Energy Economics, Elsevier, vol. 126(C).
    8. Han-Yu Zhu & Peng-Fei Dai & Wei-Xing Zhou, 2024. "Uncovering the Sino-US dynamic risk spillovers effects: Evidence from agricultural futures markets," Papers 2403.01745, arXiv.org.
    9. Huang, Zilong & Ren, Xiaocong, 2024. "Impact of natural resources, resilient economic growth, and energy consumption on CO2 emissions," Resources Policy, Elsevier, vol. 90(C).
    10. MARINESCU Ștefana & MAHDAVIAN Seyed Mohammadreza & RĂDULESCU Magdalena, 2022. "Globalization, Energy Mix, Renewable Energy, and Emission: Romanian Case," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    11. Wu, Ruirui & Qin, Zhongfeng, 2024. "Asymmetric volatility spillovers among new energy, ESG, green bond and carbon markets," Energy, Elsevier, vol. 292(C).
    12. Liu, Yang & Wu, Ailing & Wang, Jianda & Taghizadeh-Hesary, Farhad & Dong, Xiucheng, 2024. "Green growth in the global south: How does metallic minerals affect GTFP enhancement?," Resources Policy, Elsevier, vol. 88(C).
    13. Li, Weiqing & Chien, Fengsheng & Hsu, Ching-Chi & Zhang, YunQian & Nawaz, Muhammad Atif & Iqbal, Sajid & Mohsin, Muhammad, 2021. "Nexus between energy poverty and energy efficiency: Estimating the long-run dynamics," Resources Policy, Elsevier, vol. 72(C).
    14. Luo, Feng & Wang, Chong & Luo, Shu & Tong, Qihang & Xu, Li, 2024. "Optimizing natural resource markets: Accelerating green growth in the economic recovery," Resources Policy, Elsevier, vol. 89(C).
    15. Zheng, Xiangjie, 2024. "Driving green transformation: Innovations and green innovations in natural resource markets," Resources Policy, Elsevier, vol. 89(C).
    16. Li, Mulin & Hou, Yufei & Jia, Zhiya & Li, Jingang, 2023. "Role of green technological innovation in the green economic growth in China's natural resource markets," Resources Policy, Elsevier, vol. 86(PA).
    17. Octavian Jude & Avraham Turgeman & Claudiu Boțoc & Laura Raisa Miloș, 2023. "Volatility and Spillover Effects between Central–Eastern European Stock Markets and Energy Markets: An Emphasis on Crisis Periods," Energies, MDPI, vol. 16(17), pages 1-12, August.
    18. Wang, Weiwei & Gao, Pengpeng & Wang, Jiahaoran, 2023. "Nexus among digital inclusive finance and carbon neutrality: Evidence from company-level panel data analysis," Resources Policy, Elsevier, vol. 80(C).
    19. Chen, Jinyu & Luo, Qian & Tu, Yan & Ren, Xiaohang & Naderi, Niki, 2023. "Renewable energy transition and metal consumption: Dynamic evolution analysis based on transnational data," Resources Policy, Elsevier, vol. 85(PB).
    20. Zhang, Can & Zhang, Liangyu & Liu, Liyan & Du, Chaofei, 2024. "The study of the relationship between green finance and resource efficiency in east asian economies," Resources Policy, Elsevier, vol. 89(C).

    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:86:y:2023:i:pa:s0301420723008991. 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.