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Assessment of impacts of land and electricity prices on mineral efficiency

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  • Li, Yunfa
  • Liu, Fawei

Abstract

This research delves into the complex interplay between land and electricity prices and sustainable mineral resource development across ten Asian countries characterized by significant pollution levels. Leveraging the CUP-FM (continuously updated full modified) technique from 1995 to 2020, the study uncovers crucial insights. Notably, heightened electricity prices demonstrate a direct association with an elevated ratio of mineral consumption to GDP (Gross Domestic Product), underscoring the role of pricing in optimizing mineral resource utilization. Additionally, a positive correlation between the poverty ratio and mineral consumption underscores that regions grappling with higher poverty levels tend to rely more on mineral consumption for their economic activities. Conversely, a negative link exists between the Consumer Price Index and mineral consumption, indicating how inflation impacts prudent resource consumption. Furthermore, the research reveals a compelling connection wherein increased patent applications coincide with reduced mineral consumption-to-GDP ratios, underscoring the role of innovation. Lastly, population growth exhibits a positive influence on the mineral consumption-to-GDP ratio. To enhance mineral efficiency, practical policy recommendations encompass fostering renewable energy, strategically importing green utilities, supporting green patents, and embracing digital transformation.

Suggested Citation

  • Li, Yunfa & Liu, Fawei, 2023. "Assessment of impacts of land and electricity prices on mineral efficiency," Resources Policy, Elsevier, vol. 86(PB).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pb:s0301420723009431
    DOI: 10.1016/j.resourpol.2023.104232
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    More about this item

    Keywords

    Mineral efficiency; Electricity tariff; Resource utilization; Sustainable growth;
    All these keywords.

    JEL classification:

    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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