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Navigating COVID-19 disruptions for resilience and green growth in mineral resource trade

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  • Li, Jianying
  • Fang, Zhi

Abstract

The debate over the sustainability of mineral resource trade remains a topic of discussion among scholars, primarily due to its potential positive impact on mitigating the threats posed by climate change. This study delves into the dual influences of the COVID-19 pandemic and sustainable economic growth on mineral resource trade in 20 developing and 20 developed countries from 2000 to 2021, employing the CS-ARDL technique. The findings indicate a substantial negative effect of the pandemic on mineral resource trade, particularly pronounced in developed economies owing to intricate global supply chains. Furthermore, green energy consumption contributes to a reduction in mineral resource trade, especially notable in developed nations, reflecting their commitment to sustainability. The policy implications encompass the exploration of green cryptocurrencies, the implementation of post-COVID-19 green recovery plans, improvement of social literacy, regulation of green foreign direct investment, and facilitation of the import of green components.

Suggested Citation

  • Li, Jianying & Fang, Zhi, 2024. "Navigating COVID-19 disruptions for resilience and green growth in mineral resource trade," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000874
    DOI: 10.1016/j.resourpol.2024.104720
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    More about this item

    Keywords

    Mineral resource trade pattern; Mineral trade sustainability; Green growth; COVID-19; Developing and developed economies;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • 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
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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