IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v90y2024ics0301420724001533.html
   My bibliography  Save this article

Greening economic horizons: Innovations and strategies shaping sustainable growth in Chinese provinces

Author

Listed:
  • Liu, Fang
  • Wang, Zheng
  • Liu, Lu

Abstract

This study explores the complicated issue of maintaining environmental sustainability while promoting economic development, a challenging undertaking in quickly emerging economies. Utilizing the Generalised Method of Moments (GMM) model, the research examines 30 Chinese provinces between 2007 and 2020 to identify the innovations and strategies propelling previously unheard-of economic growth. The results show that provinces that have adopted technology and managed their resources well have made significant strides toward improving their GDPs, increasing resource efficiency, and lessening environmental degradation. The success of these strategies is influenced by community engagement in sustainability practices, technology investment, and local governance, as highlighted by the study. It makes the case for more funding for sustainable technologies, resource management tailored to each region, and a joint commitment to environmental responsibility for communities and businesses.

Suggested Citation

  • Liu, Fang & Wang, Zheng & Liu, Lu, 2024. "Greening economic horizons: Innovations and strategies shaping sustainable growth in Chinese provinces," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001533
    DOI: 10.1016/j.resourpol.2024.104786
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724001533
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104786?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. Huang, Shi-Zheng, 2022. "Do green financing and industrial structure matter for green economic recovery? Fresh empirical insights from Vietnam," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 61-73.
    2. Xiuzhen, Xie & Zheng, Wenxiu & Umair, Muhammad, 2022. "Testing the fluctuations of oil resource price volatility: A hurdle for economic recovery," Resources Policy, Elsevier, vol. 79(C).
    3. 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).
    4. Xiang Cui & Muhammad Umair & Ganijon Ibragimove Gayratovich & Azer Dilanchiev, 2023. "Do Remittances Mitigate Poverty? An Empirical Evidence From 15 Selected Asian Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(04), pages 1447-1468, June.
    5. Chandel, S.S. & Shrivastva, Rajnish & Sharma, Vikrant & Ramasamy, P., 2016. "Overview of the initiatives in renewable energy sector under the national action plan on climate change in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 866-873.
    6. Zhang, Yijun & Song, Yi, 2022. "Tax rebates, technological innovation and sustainable development: Evidence from Chinese micro-level data," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    7. Francesco Vona, 2019. "Job losses and political acceptability of climate policies: why the ‘job-killing’ argument is so persistent and how to overturn it," Climate Policy, Taylor & Francis Journals, vol. 19(4), pages 524-532, April.
    8. Lai, Aolin & Wang, Qunwei & Cui, Lianbiao, 2022. "Can market segmentation lead to green paradox? Evidence from China," Energy, Elsevier, vol. 254(PC).
    9. Criscuolo, Chiara & Menon, Carlo, 2015. "Environmental policies and risk finance in the green sector: Cross-country evidence," Energy Policy, Elsevier, vol. 83(C), pages 38-56.
    10. Berners-Lee, M. & Hoolohan, C. & Cammack, H. & Hewitt, C.N., 2012. "The relative greenhouse gas impacts of realistic dietary choices," Energy Policy, Elsevier, vol. 43(C), pages 184-190.
    11. Yu, Mengyan & Umair, Muhammad & Oskenbayev, Yessengali & Karabayeva, Zhаnsaya, 2023. "Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching," Resources Policy, Elsevier, vol. 85(PB).
    12. Li, ChangZheng & Umair, Muhammad, 2023. "Does green finance development goals affects renewable energy in China," Renewable Energy, Elsevier, vol. 203(C), pages 898-905.
    13. Li, Yali & Pang, Dezhi & Cifuentes-Faura, Javier, 2023. "Time-Varying linkages among financial development, natural resources utility, and globalization for economic recovery in China," Resources Policy, Elsevier, vol. 82(C).
    14. Lee, Chien-Chiang & Wang, Fuhao & Lou, Runchi, 2022. "Digital financial inclusion and carbon neutrality: Evidence from non-linear analysis," Resources Policy, Elsevier, vol. 79(C).
    15. repec:hal:spmain:info:hdl:2441/6d7es28iae9pjoil7092hs41h3 is not listed on IDEAS
    16. Liu, Fang & Umair, Muhammad & Gao, Junjun, 2023. "Assessing oil price volatility co-movement with stock market volatility through quantile regression approach," Resources Policy, Elsevier, vol. 81(C).
    17. Guan, Lu & Zhang, Wei-Wei & Ahmad, Ferhana & Naqvi, Bushra, 2021. "The volatility of natural resource prices and its impact on the economic growth for natural resource-dependent economies: A comparison of oil and gold dependent economies," Resources Policy, Elsevier, vol. 72(C).
    18. 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.
    19. Zhao, Jun & Jiang, Qingzhe & Dong, Xiucheng & Dong, Kangyin, 2020. "Would environmental regulation improve the greenhouse gas benefits of natural gas use? A Chinese case study," Energy Economics, Elsevier, vol. 87(C).
    20. Wang, Feng & Sun, Xiaoyu & Reiner, David M. & Wu, Min, 2020. "Changing trends of the elasticity of China's carbon emission intensity to industry structure and energy efficiency," Energy Economics, Elsevier, vol. 86(C).
    21. Wu, Qihan & Yan, Dong & Umair, Muhammad, 2023. "Assessing the role of competitive intelligence and practices of dynamic capabilities in business accommodation of SMEs," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 1103-1114.
    22. Bhatnagar, S. & Sharma, D., 2022. "Evolution of green finance and its enablers: A bibliometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(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. Cheng, WeiJin & Ming, Kai & Ullah, Mirzat, 2024. "Oil price volatility prediction using out-of-sample analysis – Prediction efficiency of individual models, combination methods, and machine learning based shrinkage methods," Energy, Elsevier, vol. 300(C).
    2. Tu, Haiqiang & Zhou, Zhenhua, 2023. "Resilience and the sustainability: Harnessing efficiency in the natural resources markets for recovery," Resources Policy, Elsevier, vol. 86(PB).
    3. Qi, Ruijuan & Liu, Chang & Zhang, Qiwen, 2024. "Evidence mechanism for promoting natural resources and green recovery through green economy: Sustainable assistance in finance," Resources Policy, Elsevier, vol. 91(C).
    4. Huang, Lei, 2024. "Green bonds and ESG investments: Catalysts for sustainable finance and green economic growth in resource-abundant economies," Resources Policy, Elsevier, vol. 91(C).
    5. Sun, Yan & Chen, Dongjing, 2024. "Nexus among natural resources and mineral resource on green economic growth: Empirical evidence from China," Resources Policy, Elsevier, vol. 91(C).
    6. Li, Shangpu, 2024. "Role of natural resources markets and environmental sustainability on economic growth," Resources Policy, Elsevier, vol. 91(C).
    7. Jin, Xing & Wang, Meng & Wang, Qingyun & Yang, Juan & Guo, Yi, 2024. "Gender diversity of senior management teams and corporate innovation efficiency: Evidence from China," Finance Research Letters, Elsevier, vol. 60(C).
    8. Liu, Xiujuan, 2024. "A regenerative paradigm: Fostering economic recovery by harnessing natural resource efficiency for lasting sustainability," Resources Policy, Elsevier, vol. 88(C).
    9. Yu, Miaozhi & Wang, Yifan & Umair, Muhammad, 2024. "Minor mining, major influence: Economic implications and policy challenges of artisanal gold mining," Resources Policy, Elsevier, vol. 91(C).
    10. Zhong, Xingxing & Zhao, Lei, 2024. "Alternative economic strategies for an ecological resurrection: The case of natural resource markets," Resources Policy, Elsevier, vol. 90(C).
    11. Wang, Yan & Yang, Tianxiao & Liu, Zhaomin & Chi, Zhong & Lu, Lili, 2024. "Combining natural resources to drive technology and efficiency for a greener economic recovery," Resources Policy, Elsevier, vol. 89(C).
    12. Bai, Bing, 2023. "Fiscal stimulus and natural resource efficiency: A comprehensive approach to a green economic recovery," Resources Policy, Elsevier, vol. 86(PB).
    13. Meng, Fanting, 2024. "Driving sustainable development: Fiscal policy and the promotion of natural resource efficiency," Resources Policy, Elsevier, vol. 90(C).
    14. Li, Zerong & Li, Lan & Hui, Mo, 2024. "Fostering green economic growth through sustainable management of natural resources," Resources Policy, Elsevier, vol. 91(C).
    15. Lei, Hao & Zhu, Yu & Tan, Jinlong & Zhang, Xiaofeng, 2024. "Blending financial innovation with natural resource utilization: Pathways to green economic expansion," Resources Policy, Elsevier, vol. 89(C).
    16. Bin, Hu & Tuoyu, Li, 2024. "Greening the recovery: Natural resource sustainability and carbon assessment for financial development," Resources Policy, Elsevier, vol. 89(C).
    17. Li, Ziyao & Dai, Liuyi, 2024. "Impact of energy stability, natural resources, and energy efficiency on ecological sustainability," Resources Policy, Elsevier, vol. 90(C).
    18. Kong, Jiangwei & Gao, Mengxi, 2024. "Sustainable strategies for boosting profitability: Unveiling the connection between fiscal policy and natural resource efficiency," Resources Policy, Elsevier, vol. 88(C).
    19. Feng, Amei & Liu, Liqian, 2023. "Local green economic growth and natural resources development in China," Resources Policy, Elsevier, vol. 86(PB).
    20. Huang, Zilong & Ren, Xiaocong, 2024. "Impact of natural resources, resilient economic growth, and energy consumption on CO2 emissions," Resources Policy, Elsevier, vol. 90(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:90:y:2024:i:c:s0301420724001533. 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.