IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420724000151.html
   My bibliography  Save this article

Optimizing natural resource markets: Accelerating green growth in the economic recovery

Author

Listed:
  • Luo, Feng
  • Wang, Chong
  • Luo, Shu
  • Tong, Qihang
  • Xu, Li

Abstract

This research aims to improve natural resource markets for faster green growth during the economic recovery. Using the generalized method of moments (GMM) model, the study examines the relationship between green growth transmission and natural resource availability and reliance. Data from 30 Chinese provinces from 1986 to 2019 is analyzed. The study explores ways to enhance natural resource markets through sustainable resource management, circular economy principles, technological advancements, and legislative frameworks. It emphasizes the optimization of natural resource markets to expand economic possibilities, improve resource efficiency, and reduce environmental harm. The findings underscore the importance of holistic strategies that consider economic, social, and environmental factors simultaneously. By implementing supportive policies, sustainable practices, and investing in green technology, countries can foster a more equitable, resilient, and ecologically sustainable economic recovery.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420724000151
    DOI: 10.1016/j.resourpol.2024.104648
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724000151
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104648?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. Zhang, Dongyang & Mohsin, Muhammad & Rasheed, Abdul Khaliq & Chang, Youngho & Taghizadeh-Hesary, Farhad, 2021. "Public spending and green economic growth in BRI region: Mediating role of green finance," Energy Policy, Elsevier, vol. 153(C).
    2. Lam, Jasmine Siu Lee & Li, Kevin X., 2019. "Green port marketing for sustainable growth and development," Transport Policy, Elsevier, vol. 84(C), pages 73-81.
    3. Luo, Sumei & Yu, Shenghui & Zhou, Guangyou, 2021. "Does green credit improve the core competence of commercial banks? Based on quasi-natural experiments in China," Energy Economics, Elsevier, vol. 100(C).
    4. Hussain, Syed Asad & Razi, Faran & Hewage, Kasun & Sadiq, Rehan, 2023. "The perspective of energy poverty and 1st energy crisis of green transition," Energy, Elsevier, vol. 275(C).
    5. Christian Folberth & Nikolay Khabarov & Juraj Balkovič & Rastislav Skalský & Piero Visconti & Philippe Ciais & Ivan A. Janssens & Josep Peñuelas & Michael Obersteiner, 2020. "The global cropland-sparing potential of high-yield farming," Nature Sustainability, Nature, vol. 3(4), pages 281-289, April.
    6. Zhikang Xie & Xinglin Liu & Hina Najam & Qinghua Fu & Jawad Abbas & Ubaldo Comite & Laura Mariana Cismas & Andra Miculescu, 2022. "Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia," Sustainability, MDPI, vol. 14(6), pages 1-16, March.
    7. Xiaoming Song & Ze Tian & Chenhui Ding & Chao Liu & Wei Wang & Ronggai Zhao & Yingchun Xing, 2022. "Digital Economy, Environmental Regulation, and Ecological Well-Being Performance: A Provincial Panel Data Analysis from China," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    8. 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).
    9. Solaymani, Saeed, 2019. "CO2 emissions patterns in 7 top carbon emitter economies: The case of transport sector," Energy, Elsevier, vol. 168(C), pages 989-1001.
    10. Henryk Dzwigol & Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "The Role of Environmental Regulations, Renewable Energy, and Energy Efficiency in Finding the Path to Green Economic Growth," Energies, MDPI, vol. 16(7), pages 1-18, March.
    11. Muhammad Ikram & Qingyu Zhang & Robert Sroufe & Marcos Ferasso, 2020. "The Social Dimensions of Corporate Sustainability: An Integrative Framework Including COVID-19 Insights," Sustainability, MDPI, vol. 12(20), pages 1-29, October.
    12. 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.
    13. Agboola, Mary Oluwatoyin & Bekun, Festus Victor & Joshua, Udi, 2021. "Pathway to environmental sustainability: Nexus between economic growth, energy consumption, CO2 emission, oil rent and total natural resources rent in Saudi Arabia," Resources Policy, Elsevier, vol. 74(C).
    14. Parvadavardini SOUNDARRAJAN & Nagarajan VIVEK, 2016. "Green finance for sustainable green economic growth in India," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(1), pages 35-44.
    15. Bin Amin, Sakib & Taghizadeh-Hesary, Farhad & Khan, Farhan & Manal Rahman, Faria, 2024. "Does technology have a lead or lag role in economic growth? The case of selected resource-rich and resource-scarce countries," Resources Policy, Elsevier, vol. 89(C).
    16. Michael E. Porter & Claas van der Linde, 1995. "Toward a New Conception of the Environment-Competitiveness Relationship," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 97-118, Fall.
    17. Marcell Kupi & Eszter Szemerédi, 2021. "Impact of the COVID-19 on the Destination Choices of Hungarian Tourists: A Comparative Analysis," Sustainability, MDPI, vol. 13(24), pages 1-17, December.
    18. Hu, Guoqiang & Wang, Xiaoqi & Wang, Yu, 2021. "Can the green credit policy stimulate green innovation in heavily polluting enterprises? Evidence from a quasi-natural experiment in China," Energy Economics, Elsevier, vol. 98(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. Guo, Shu & Zhang, ZhongXiang, 2023. "Green credit policy and total factor productivity: Evidence from Chinese listed companies," Energy Economics, Elsevier, vol. 128(C).
    2. Yao, Shouyu & Pan, Yuying & Sensoy, Ahmet & Uddin, Gazi Salah & Cheng, Feiyang, 2021. "Green credit policy and firm performance: What we learn from China," Energy Economics, Elsevier, vol. 101(C).
    3. Tian, Jinfang & Sun, Siyang & Cao, Wei & Bu, Di & Xue, Rui, 2024. "Make every dollar count: The impact of green credit regulation on corporate green investment efficiency," Energy Economics, Elsevier, vol. 130(C).
    4. Chen, Wen, 2023. "Bank connections, corporate social responsibility and low-carbon innovation," Energy Policy, Elsevier, vol. 183(C).
    5. Yang, Zhenbing & Shi, Qingquan & Lv, Xiangqiu & Shi, Qi, 2022. "Heterogeneous low-carbon targets and energy structure optimization: Does stricter carbon regulation really matter?," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 329-343.
    6. Lee, Chien-Chiang & Wang, Chih-Wei & Thinh, Bui Tien, 2023. "Green development, climate risks, and cash flow: International evidence," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    7. 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).
    8. Zhou, Guangyou & Zhu, Jieyu & Luo, Sumei, 2022. "The impact of fintech innovation on green growth in China: Mediating effect of green finance," Ecological Economics, Elsevier, vol. 193(C).
    9. Li, Qian & Zhou, Ruodan & Xiong, Jie & Wang, Yanxi, 2023. "Rushing through the clouds, or waiting to die? The effect of the green credit policy on heavily polluting firms," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    10. Qi, Xiulin & Wu, Zhifang & Xu, Jinqing & Shan, Biaoan, 2023. "Environmental justice and green innovation: A quasi-natural experiment based on the establishment of environmental courts in China," Ecological Economics, Elsevier, vol. 205(C).
    11. Liu, Yang & Wang, Jianda & Dong, Kangyin & Taghizadeh-Hesary, Farhad, 2023. "How does natural resource abundance affect green total factor productivity in the era of green finance? Global evidence," Resources Policy, Elsevier, vol. 81(C).
    12. Huang, Hongyun & Mbanyele, William & Wang, Fengrong & Song, Malin & Wang, Yuzhang, 2022. "Climbing the quality ladder of green innovation: Does green finance matter?," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    13. Shi, Jinyan & Yu, Conghui & Li, Yanxi & Wang, Tianhe, 2022. "Does green financial policy affect debt-financing cost of heavy-polluting enterprises? An empirical evidence based on Chinese pilot zones for green finance reform and innovations," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    14. 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).
    15. Chen, Wen & Zhu, Yufeng & He, Zehui & Yang, Yang, 2022. "The effect of local government debt on green innovation: Evidence from Chinese listed companies," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    16. Qianyi Du & Haoran Pan & Shuang Liang & Xiaoxue Liu, 2023. "Can Green Credit Policies Accelerate the Realization of the Dual Carbon Goal in China? Examination Based on an Endogenous Financial CGE Model," IJERPH, MDPI, vol. 20(5), pages 1-26, March.
    17. Tao, Miaomiao & Wen, Le & Sheng, Mingyue Selena & Poletti, Stephen, 2024. "Appraising the role of energy conservation and emission reduction policy for eco-friendly productivity improvements: An entropy-balancing DID approach," Energy Economics, Elsevier, vol. 132(C).
    18. Jie Jiao & Jiyuan Zhang & Jie Yang & Wenwen Zhang & Fengtao Guang & Liying Liu, 2023. "The Study of Carbon Neutralization Effects with Green Credit: Evidence from a Panel Data Analysis for Interprovinces in China," Sustainability, MDPI, vol. 15(17), pages 1-20, September.
    19. Ma, Yanbai & Lu, Ling & Cui, Jingbo & Shi, Xunpeng, 2024. "Can green credit policy stimulate firms’ green investments?," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 123-137.
    20. Chen, Di & Hu, Haiqing & Wang, Ning & Chang, Chun-Ping, 2024. "The impact of green finance on transformation to green energy: Evidence from industrial enterprises in China," Technological Forecasting and Social Change, Elsevier, vol. 204(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:89:y:2024:i:c:s0301420724000151. 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.