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Gold mining, corporate business management, and green growth in Asia

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  • Zhao, Zhihua
  • Xing, Zhenjiang

Abstract

This research delves into the impact of green growth and governance on gold mining in 17 major countries spanning the years 2000–2021. A 1% increase in the green growth index correlates with a 0.13% reduction in gold extraction, attributed to the adoption of sustainable practices and resource-efficient technologies. Similarly, a 1% uptick in the green governance index results in a significant 0.52% decrease in gold extraction. The study underscores that while increased investment in research and development (R&D) and patent applications contributes to higher extraction rates, relying solely on innovation may pose sustainability challenges. Policy recommendations advocate for prioritizing green growth, supporting eco-friendly startups, fostering innovation, establishing a green finance market, enhancing sustainable governance, and integrating green taxation into the gold mining sector.

Suggested Citation

  • Zhao, Zhihua & Xing, Zhenjiang, 2024. "Gold mining, corporate business management, and green growth in Asia," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420724000448
    DOI: 10.1016/j.resourpol.2024.104677
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    More about this item

    Keywords

    Gold mining industry; Green economic growth; Corporate governance; Panel data;
    All these keywords.

    JEL classification:

    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • 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
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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