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Impacts of digital economic transformation and green growth on trade flows of mineral resources

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  • Yi, Chongyan
  • Ma, Hong chao
  • Zhao, Kexu

Abstract

This study investigates the influence of digitalization and economic growth on mineral resource trade within a dataset comprising 15 OECD countries spanning the period from 2000 to 2022. The findings reveal that a 1% increase in ICT development correlates with a short-term rise of nearly 0.18% and a long-term increase of 0.23% in the volume of mineral resource trade. This outcome underscores the diverse impact of digitalization, contributing to improved communication, efficiency, and global connectivity. Interestingly, the pursuit of green growth initially leads to a reduction in mineral resource trade volume, decreasing by 0.08% in the short term and 0.19% in the long term, indicative of a shift toward sustainability. A 1% increase in GDP significantly stimulates mineral resource trade, resulting in a 0.21% increase in the short term and a 0.45% increase in the long term, while a stronger official exchange rate has a positive effect on trade. Conversely, heightened country risk exerts a diminishing influence on trade. In order to advance sustainable mineral resource trade, OECD nations are encouraged to prioritize green growth initiatives, invest in sustainable power generation, implement measures for economic stability, manage exchange rates effectively, and promote responsible corporate practices.

Suggested Citation

  • Yi, Chongyan & Ma, Hong chao & Zhao, Kexu, 2024. "Impacts of digital economic transformation and green growth on trade flows of mineral resources," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s030142072400031x
    DOI: 10.1016/j.resourpol.2024.104664
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    More about this item

    Keywords

    Mineral resource trade; Digital transformation; Green economic growth; ICT development; OECD; Pooled mean group method;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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