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Evaluation of relationship between nonmetallic mineral resources production and sustainable development

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  • Wei, Xuhui
  • Su, Wen
  • Du, Chaofei

Abstract

This research delves into the repercussions of nonmetallic resource production on sustainability across 23 Asian economies from 2000 to 2021, employing the ARDL (Autoregressive Distributed Lag) technique. A 1% upswing in nonmetallic resource production triggers a transient 0.04% decline in sustainability, followed by a durable 0.14% upturn. Immediate effects stem from environmental resource strain, while prolonged impacts signify economic and technological growth, fostering sustainability. The Consumer Price Index (CPI) detrimentally influences sustainability by diminishing purchasing power, whereas trade openness positively contributes by facilitating technology transfer. The limited role of patent applications in promoting sustainability underscores the necessity for advancements in green patents. Initially, GDP per capita has a negative impact, but it transitions to positive in the long run, indicating a connection between income growth and sustainability. Income levels significantly influence short-term sustainability impact, particularly in lower-income countries. Policymakers are advised to prioritize efficiency, circular economy practices, green financial instruments, and sustainable corporate management to bolster sustainability in nonmetallic resource production.

Suggested Citation

  • Wei, Xuhui & Su, Wen & Du, Chaofei, 2024. "Evaluation of relationship between nonmetallic mineral resources production and sustainable development," Resources Policy, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:jrpoli:v:88:y:2024:i:c:s030142072301139x
    DOI: 10.1016/j.resourpol.2023.104428
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    References listed on IDEAS

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    More about this item

    Keywords

    Nonmetallic mineral resource production; Sustainable development; Environmental impact; Asian countries;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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