IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v87y2023ipas0301420723010085.html
   My bibliography  Save this article

Natural resources lineage, high technology exports and economic performance: RCEP economies perspective of human capital and energy resources efficiency

Author

Listed:
  • Wang, Haotian
  • Hao, Liang
  • Wang, Weizheng
  • Chen, Xingyu

Abstract

Natural resources play a crucial role in economic growth and development. The presence of abundant natural resources can provide countries with opportunities for economic expansion, job creation, and increased export revenues. However, the utilization of natural resources also carries significant risks and challenges that can affect macroeconomic and environmental outcomes. This paper examines the impact of natural resource rents, high technology exports, human capital, and energy efficiency on economic growth of five RCEP nations over the period of 1989–2021. We use quantile regression method, which is useful for analyzing the relationship between two variables, especially when the effect of one variable on the other is anticipated to vary across various parts of the response variable's distribution. We find that natural resource rents are harmful for economic growth. However, high technology exports, human capital and energy efficiency positively affect economic growth. The findings also suggest that policies intended to promote growth should be tailored to the unique requirements and characteristics of countries at various stages of economic development.

Suggested Citation

  • Wang, Haotian & Hao, Liang & Wang, Weizheng & Chen, Xingyu, 2023. "Natural resources lineage, high technology exports and economic performance: RCEP economies perspective of human capital and energy resources efficiency," Resources Policy, Elsevier, vol. 87(PA).
    • Handle: RePEc:eee:jrpoli:v:87:y:2023:i:pa:s0301420723010085
    DOI: 10.1016/j.resourpol.2023.104297
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723010085
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104297?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. Fleming, David A. & Measham, Thomas G. & Paredes, Dusan, 2015. "Understanding the resource curse (or blessing) across national and regional scales: Theory, empirical challenges and an application," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(4), October.
    2. Gameli Adika, 2020. "Economic growth dynamics between resource‐rich and resource‐poor countries in sub‐Saharan Africa: The role of politics and institutions," African Development Review, African Development Bank, vol. 32(3), pages 303-315, September.
    3. Wang, Zhao-Hua & Zeng, Hua-Lin & Wei, Yi-Ming & Zhang, Yi-Xiang, 2012. "Regional total factor energy efficiency: An empirical analysis of industrial sector in China," Applied Energy, Elsevier, vol. 97(C), pages 115-123.
    4. Khan, Zeeshan & Ali, Shahid & Dong, Kangyin & Li, Rita Yi Man, 2021. "How does fiscal decentralization affect CO2 emissions? The roles of institutions and human capital," Energy Economics, Elsevier, vol. 94(C).
    5. Havranek, Tomas & Horvath, Roman & Zeynalov, Ayaz, 2016. "Natural Resources and Economic Growth: A Meta-Analysis," World Development, Elsevier, vol. 88(C), pages 134-151.
    6. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    7. Ampofo, Gideon Kwaku Minua & Cheng, Jinhua & Asante, Daniel Akwasi & Bosah, Philip, 2020. "Total natural resource rents, trade openness and economic growth in the top mineral-rich countries: New evidence from nonlinear and asymmetric analysis," Resources Policy, Elsevier, vol. 68(C).
    8. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Smyth, Russell, 2016. "Oil curse and finance–growth nexus in Malaysia: The role of investment," Energy Economics, Elsevier, vol. 57(C), pages 154-165.
    9. Martin Falk, 2009. "High-tech exports and economic growth in industrialized countries," Applied Economics Letters, Taylor & Francis Journals, vol. 16(10), pages 1025-1028.
    10. Adam Lampert, 2019. "Over-exploitation of natural resources is followed by inevitable declines in economic growth and discount rate," Nature Communications, Nature, vol. 10(1), pages 1-10, December.
    11. Banerjee, Rajabrata & Roy, Saikat Sinha, 2014. "Human capital, technological progress and trade: What explains India's long run growth?," Journal of Asian Economics, Elsevier, vol. 30(C), pages 15-31.
    12. Saygin Sahinoz & Evren Erdogan Cosar, 2018. "Economic policy uncertainty and economic activity in Turkey," Applied Economics Letters, Taylor & Francis Journals, vol. 25(21), pages 1517-1520, December.
    13. Zameer, Hashim & Yasmeen, Humaira & Wang, Rong & Tao, Jing & Malik, Muhammad Nasir, 2020. "An empirical investigation of the coordinated development of natural resources, financial development and ecological efficiency in China," Resources Policy, Elsevier, vol. 65(C).
    14. Witajewski-Baltvilks, Jan & Verdolini, Elena & Tavoni, Massimo, 2017. "Induced technological change and energy efficiency improvements," Energy Economics, Elsevier, vol. 68(S1), pages 17-32.
    15. Ongo Nkoa, Bruno Emmanuel & Tadadjeu, Sosson & Njangang, Henri, 2023. "Rich in the dark: Natural resources and energy poverty in Sub-Saharan Africa," Resources Policy, Elsevier, vol. 80(C).
    16. Auty, R. & Warhurst, A., 1993. "Sustainable development in mineral exporting economies," Resources Policy, Elsevier, vol. 19(1), pages 14-29, March.
    17. Mahjus Ekananda & Dion Jogi Parlinggoman, 2017. "The Role of High-Tech Exports and of Foreign Direct Investments (FDI) on Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 194-212.
    18. Humaira Yasmeen & Qingmei Tan & Hashim Zameer & Junlan Tan & Kishwar Nawaz, 2020. "Exploring the impact of technological innovation, environmental regulations and urbanization on ecological efficiency of China in the context of COP21," Post-Print hal-03558085, HAL.
    19. Aiza Shabbir & Shazia Kousar & Farzana Kousar, 2020. "The role of natural resources in economic growth: new evidence from Pakistan," Journal of Economics, Finance and Administrative Science, Emerald Group Publishing Limited, vol. 25(50), pages 221-238, May.
    20. Chi, Meiqing & Muhammad, Sulaman & Khan, Zeeshan & Ali, Shahid & Li, Rita Yi Man, 2021. "Is centralization killing innovation? The success story of technological innovation in fiscally decentralized countries," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    21. Shahbaz, Muhammad & Naeem, Muhammad & Ahad, Muhammad & Tahir, Iqbal, 2018. "Is natural resource abundance a stimulus for financial development in the USA?," Resources Policy, Elsevier, vol. 55(C), pages 223-232.
    22. Wang, Keying & Wu, Meng & Sun, Yongping & Shi, Xunpeng & Sun, Ao & Zhang, Ping, 2019. "Resource abundance, industrial structure, and regional carbon emissions efficiency in China," Resources Policy, Elsevier, vol. 60(C), pages 203-214.
    23. Guan, Lu & Zhang, Wei-Wei & Ahmad, Ferhana & Naqvi, Bushra, 2021. "The volatility of natural resource prices and its impact on the economic growth for natural resource-dependent economies: A comparison of oil and gold dependent economies," Resources Policy, Elsevier, vol. 72(C).
    24. Jebali, Eya & Essid, Hédi & Khraief, Naceur, 2017. "The analysis of energy efficiency of the Mediterranean countries: A two-stage double bootstrap DEA approach," Energy, Elsevier, vol. 134(C), pages 991-1000.
    25. Shao, Shuai & Yang, Lili, 2014. "Natural resource dependence, human capital accumulation, and economic growth: A combined explanation for the resource curse and the resource blessing," Energy Policy, Elsevier, vol. 74(C), pages 632-642.
    26. Patterson, Murray G, 1996. "What is energy efficiency? : Concepts, indicators and methodological issues," Energy Policy, Elsevier, vol. 24(5), pages 377-390, May.
    27. Shahid ALI & Maryam BIBI & Fazli RABBI, 2014. "A New Economic Dimension to the Environmental Kuznets Curve: Estimation of Environmental Efficiency in Case of Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(1), pages 68-79, January.
    28. Shahid ALI & Maryam BIBI & Fazli RABBI, 2014. "A New Economic Dimension to the Environmental Kuznets Curve: Estimation of Environmental Efficiency in Case of Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(1), pages 68-79.
    29. Sweidan, Osama D. & Elbargathi, Khadiga, 2022. "The effect of oil rent on economic development in Saudi Arabia: Comparing the role of globalization and the international geopolitical risk," Resources Policy, Elsevier, vol. 75(C).
    30. Gu, Xiao & Badeeb, Ramez Abubakr & Ali, Shahid & Khan, Zeeshan & Zhang, Changyong & Uktamov, Khusniddin Fakhriddinovich, 2023. "Nonlinear impact of natural resources and risk factors on the U.S. economic growth," Resources Policy, Elsevier, vol. 82(C).
    31. Meng, Bing & Xue, Kunkun & Han, Miaoyi, 2022. "Digitalization, natural resources rents, and financial market risk: Evidence from G7 countries," Resources Policy, Elsevier, vol. 79(C).
    32. Cantore, Nicola & Calì, Massimiliano & Velde, Dirk Willem te, 2016. "Does energy efficiency improve technological change and economic growth in developing countries?," Energy Policy, Elsevier, vol. 92(C), pages 279-285.
    33. Clootens, Nicolas & Kirat, Djamel, 2020. "Threshold regressions for the resource curse," Environment and Development Economics, Cambridge University Press, vol. 25(6), pages 583-610, December.
    34. Akram, Rabia & Chen, Fuzhong & Khalid, Fahad & Huang, Guanhua & Irfan, Muhammad, 2021. "Heterogeneous effects of energy efficiency and renewable energy on economic growth of BRICS countries: A fixed effect panel quantile regression analysis," Energy, Elsevier, vol. 215(PB).
    35. Hsu, Ching-Chi & Chau, Ka Yin & Chien, FengSheng, 2023. "Natural resource volatility and financial development during Covid-19: Implications for economic recovery," Resources Policy, Elsevier, vol. 81(C).
    36. Ridha Nouira & Sami Saafi, 2022. "What Drives the Relationship Between Export Upgrading and Growth? The Role of Human Capital, Institutional Quality, and Economic Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 1944-1961, September.
    37. Avik Sinha, 2015. "Modeling Energy Efficiency and Economic Growth: Evidences from India," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 96-104.
    38. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Shahbaz, Muhammad, 2020. "Are too many natural resources to blame for the shape of the Environmental Kuznets Curve in resource-based economies?," Resources Policy, Elsevier, vol. 68(C).
    39. Elena Pelinescu & Elisei Craciun, 2014. "The human capital in the knowledge society. Theoretical and empirical approach," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 20(1), pages 7-18, December.
    40. Ömer Esen & Metin Bayrak, 2017. "Does more energy consumption support economic growth in net energy-importing countries?," Journal of Economics, Finance and Administrative Science, Emerald Group Publishing Limited, vol. 22(42), pages 75-98, June.
    41. Khan, Zeeshan & Badeeb, Ramez Abubakr & Nawaz, Kishwar, 2022. "Natural resources and economic performance: Evaluating the role of political risk and renewable energy consumption," Resources Policy, Elsevier, vol. 78(C).
    42. Lee, Doo Won & Lee, Tong Hun, 1995. "Human capital and economic growth Tests based on the international evaluation of educational achievement," Economics Letters, Elsevier, vol. 47(2), pages 219-225, February.
    43. Beck, T.H.L., 2011. "Finance and Oil. Is there a Resource Curse in Financial Development?," Other publications TiSEM 123f034a-fde0-4c02-b147-c, Tilburg University, School of Economics and Management.
    44. Rabah Arezki & Frederick van der Ploeg, 2011. "Do Natural Resources Depress Income Per Capita?," Review of Development Economics, Wiley Blackwell, vol. 15(3), pages 504-521, August.
    45. Qaisar Abbas, 2000. "The Role of Human Capital in Economic Growth: A Comparative Study of Pakistan and India," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 39(4), pages 451-473.
    46. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    47. Erdoğan, Seyfettin & Yıldırım, Durmuş Çağrı & Gedikli, Ayfer, 2020. "Natural resource abundance, financial development and economic growth: An investigation on Next-11 countries," Resources Policy, Elsevier, vol. 65(C).
    48. Esen, Ömer & Bayrak, Metin, 2017. "Does More Energy Consumption Support Economic Growth in Net Energy-Importing Countries?," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 22(42), pages 75-98.
    49. Yasmeen, Humaira & Tan, Qingmei & Zameer, Hashim & Vo, Xuan Vinh & Shahbaz, Muhammad, 2021. "Discovering the relationship between natural resources, energy consumption, gross capital formation with economic growth: Can lower financial openness change the curse into blessing," Resources Policy, Elsevier, vol. 71(C).
    50. Asier Minondo, 2010. "Exports' quality-adjusted productivity and economic growth," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 19(2), pages 257-287.
    51. Richard M. Auty, 1997. "Natural Resource Endowment, The State And Development Strategy," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(4), pages 651-663.
    52. Li, Ming-Jia & He, Ya-Ling & Tao, Wen-Quan, 2017. "Modeling a hybrid methodology for evaluating and forecasting regional energy efficiency in China," Applied Energy, Elsevier, vol. 185(P2), pages 1769-1777.
    53. Nassimbeni, Guido, 2001. "Technology, innovation capacity, and the export attitude of small manufacturing firms: a logit/tobit model," Research Policy, Elsevier, vol. 30(2), pages 245-262, February.
    54. Cosimo Beverelli & Salvatore Dell’Erba & Nadia Rocha, 2011. "Dutch disease revisited. Oil discoveries and movements of the real exchange rate when manufacturing is resource-intensive," International Economics and Economic Policy, Springer, vol. 8(2), pages 139-153, June.
    55. Wang, Rong & Zameer, Hashim & Feng, Yue & Jiao, Zhilun & Xu, Li & Gedikli, Ayfer, 2019. "Revisiting Chinese resource curse hypothesis based on spatial spillover effect: A fresh evidence," Resources Policy, Elsevier, vol. 64(C).
    56. Blanchard, Emily J. & Olney, William W., 2017. "Globalization and human capital investment: Export composition drives educational attainment," Journal of International Economics, Elsevier, vol. 106(C), pages 165-183.
    57. Hiroyuki Taguchi & Ni Lar, 2016. "The Resource Curse Hypothesis Revisited: Evidence from Asian Economies," Bulletin of Applied Economics, Risk Market Journals, vol. 3(2), pages 31-42.
    58. Ben Katoka & Jörg Michael Dostal, 2022. "Natural Resources, International Commodity Prices and Economic Performance in Sub-Saharan Africa (1990–2019)," Journal of African Economies, Centre for the Study of African Economies, vol. 31(1), pages 53-74.
    59. Hilmawan, Rian & Clark, Jeremy, 2019. "An investigation of the resource curse in Indonesia," Resources Policy, Elsevier, vol. 64(C).
    60. Haiying Liu & Wenqi Guo & Yu Wang & Dianwu Wang, 2022. "Impact of Resource on Green Growth and Threshold Effect of International Trade Levels: Evidence from China," IJERPH, MDPI, vol. 19(5), pages 1-20, February.
    61. Nasiru Inuwa & Sagir Adamu & Mohammed Bello Sani & Haruna Usman Modibbo, 2022. "Natural resource and economic growth nexus in Nigeria: a disaggregated approach," Letters in Spatial and Resource Sciences, Springer, vol. 15(1), pages 17-37, April.
    62. Ahmed, Khalid & Mahalik, Mantu Kumar & Shahbaz, Muhammad, 2016. "Dynamics between economic growth, labor, capital and natural resource abundance in Iran: An application of the combined cointegration approach," Resources Policy, Elsevier, vol. 49(C), pages 213-221.
    63. Kiyotaka Masuda, 2018. "Energy Efficiency of Intensive Rice Production in Japan: An Application of Data Envelopment Analysis," Sustainability, MDPI, vol. 10(1), pages 1-11, January.
    64. Ouyang, Xiaoling & Chen, Jiaqi & Du, Kerui, 2021. "Energy efficiency performance of the industrial sector: From the perspective of technological gap in different regions in China," Energy, Elsevier, vol. 214(C).
    65. Shah, Wasi Ul Hassan & Hao, Gang & Yan, Hong & Yasmeen, Rizwana & Padda, Ihtsham Ul Haq & Ullah, Assad, 2022. "The impact of trade, financial development and government integrity on energy efficiency: An analysis from G7-Countries," Energy, Elsevier, vol. 255(C).
    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. Xia, Liangke & Wan, Lijiang & Wang, Weizheng & Luo, Jian & Yan, Jiale, 2023. "Energy accessibility via natural resources: Do natural resources ensure energy accessibility in low income countries?," Resources Policy, Elsevier, vol. 86(PB).
    2. Yun, Na, 2024. "Resources curse via natural resources utilization: Linking digitalization and resources markets for economy perspective," Resources Policy, Elsevier, vol. 90(C).
    3. Guo, Yani & Zheng, Haixia & Zeng, Yun & Fan, Wei & Albahooth, Bayan & Bhuiyan, Rubaiyat Ahsan, 2023. "Natural resources extraction of RCEP trade bloc: Examining geopolitical risk and economic situation," Resources Policy, Elsevier, vol. 86(PB).
    4. Yu, Shiyu & Liang, Yanpeng & Zhu, Zhe & Olaniyi, Oladokun Nafiu & Khan, Numan, 2024. "Dutch disease perspective of energy sector: Natural resources and energy sector nexus with the role of renewable energy consumption," Resources Policy, Elsevier, vol. 90(C).
    5. Wang, Jia & Tian, Guixian, 2023. "Driver or a Barrier to the Economy: Natural Resources a blessing or a curse for Developed Economies?," Resources Policy, Elsevier, vol. 87(PA).
    6. Teng, Yin-Pei, 2023. "Natural resources extraction and sustainable development: Linear and non-linear resources curse hypothesis perspective for high income countries," Resources Policy, Elsevier, vol. 83(C).
    7. Ye, Xinyu & Lin, Runtian, 2023. "Financial market risk and innovation nexus with growth: Channelizing the role of natural resources volatility for United States," Resources Policy, Elsevier, vol. 81(C).
    8. Li, Tianyu & Yue, Xiao-Guang & Waheed, Humayun & Yıldırım, Bilal, 2023. "Can energy efficiency and natural resources foster economic growth? Evidence from BRICS countries," Resources Policy, Elsevier, vol. 83(C).
    9. Liu, Lili, 2023. "Natural resources extraction and global COP26 target: An overview of USA economy," Resources Policy, Elsevier, vol. 82(C).
    10. Liu, Jiayu & Lu, Shichang, 2023. "Do natural resources ensure access to sustainable renewable energy in developing economies? The role of mineral resources in a resources-energy novel setting," Resources Policy, Elsevier, vol. 85(PA).
    11. Meng, Bing & Xue, Kunkun & Han, Miaoyi, 2022. "Digitalization, natural resources rents, and financial market risk: Evidence from G7 countries," Resources Policy, Elsevier, vol. 79(C).
    12. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Clark, Jeremy, 2017. "The evolution of the natural resource curse thesis: A critical literature survey," Resources Policy, Elsevier, vol. 51(C), pages 123-134.
    13. Chen, Zhiguo & Gao, Wei & Zafar, Quratulain & Dördüncü, Hazar, 2023. "Natural resources extraction and geopolitical risk: Examining oil resources extraction in China," Resources Policy, Elsevier, vol. 85(PA).
    14. Ampofo, Gideon Kwaku Minua & Cheng, Jinhua & Asante, Daniel Akwasi & Bosah, Philip, 2020. "Total natural resource rents, trade openness and economic growth in the top mineral-rich countries: New evidence from nonlinear and asymmetric analysis," Resources Policy, Elsevier, vol. 68(C).
    15. Su, Chi Wei & Yue, Peiwen & Hou, Xinmeng & Dördüncü, Hazar, 2023. "Sustainable development through digital innovation: A new era for natural resource extraction and trade," Resources Policy, Elsevier, vol. 85(PB).
    16. Gu, Xiao & Badeeb, Ramez Abubakr & Ali, Shahid & Khan, Zeeshan & Zhang, Changyong & Uktamov, Khusniddin Fakhriddinovich, 2023. "Nonlinear impact of natural resources and risk factors on the U.S. economic growth," Resources Policy, Elsevier, vol. 82(C).
    17. Amadeo Navarro Zapata & María Arrazola & José Hevia, 2024. "Determinants of High-tech Exports: New Evidence from OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1103-1117, March.
    18. Lin, Shu & Yuan, Ying, 2023. "China's resources curse hypothesis: Evaluating the role of green innovation and green growth," Resources Policy, Elsevier, vol. 80(C).
    19. Destek, Gamze & Hossain, Mohammad Razib & Aydın, Sercan & Destek, Mehmet Akif, 2023. "Can the resource curse be reversed through financialization, human capital, and institutional quality? Evidence from Sustainable Development Index," Resources Policy, Elsevier, vol. 86(PB).
    20. Yilanci, Veli & Aslan, Murat & Ozgur, Onder, 2021. "Disaggregated analysis of the curse of natural resources in most natural resource-abundant countries," Resources Policy, Elsevier, vol. 71(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:87:y:2023:i:pa:s0301420723010085. 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.