IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v91y2024ics0301420724003039.html
   My bibliography  Save this article

Mineral resources and intellectual capital: Asymmetrical impacts and sustainable development outcomes

Author

Listed:
  • Hao, Linna
  • Meng, Qin
  • Umar, Muhammad
  • Long, Chi

Abstract

The existence and use of natural resources, and the impact that they have on sustainable development is a topic that has received significant attention, with a particular focus on the “resource curse hypothesis.” However, there is limited research that explores the combined role of natural resources and human capital, specifically when it comes to the realm of endogenous sustainable development. This study, therefore, takes into account this research gap, and investigates the interrelationship between natural resources, human capital, and sustainable development, specifically in the context of China. By conducting an advanced econometric analysis, we have examined the influence of oil rents, forest rents, and mineral rents on China's economic growth from the years spanning from 1992 to 2022, while considering the control variables such as foreign direct investment (FDI) and research and development (R&D) expenditures. Our findings have revealed an asymmetric impact of mineral rents and oil rents on economic growth, while forest rents have shown a positive and considerable influence as well. This essentially indicates the presence of beneficial effects from forest resources. Moreover, we have also observed a positive association between human capital and economic expansion. in addition to this, expenditures such as those pertaining to FDI and R&D are shown to stimulate economic growth in China. Furthermore, this study also finds bi-directional causality between oil rents, FDI, and human capital, while forest rents, mineral rents, and R&D expenditures show an uni-directional causal relationship with economic growth in China. Our study contributes towards the understanding of the complex dynamics that exist between natural resources, human capital, and sustainable development in China. These findings have policy implications for sustainable development through resource management, human capital development, and technological innovation.

Suggested Citation

  • Hao, Linna & Meng, Qin & Umar, Muhammad & Long, Chi, 2024. "Mineral resources and intellectual capital: Asymmetrical impacts and sustainable development outcomes," Resources Policy, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:jrpoli:v:91:y:2024:i:c:s0301420724003039
    DOI: 10.1016/j.resourpol.2024.104936
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724003039
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2024.104936?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. Shahbaz, Muhammad & Song, Malin & Ahmad, Shabbir & Vo, Xuan Vinh, 2022. "Does economic growth stimulate energy consumption? The role of human capital and R&D expenditures in China," Energy Economics, Elsevier, vol. 105(C).
    2. Bucci, Alberto, 2023. "Can a negative population growth rate sustain a positive economic growth rate in the long run?," Mathematical Social Sciences, Elsevier, vol. 122(C), pages 17-28.
    3. Pan, Kai & Cheng, Chengping & Kirikkaleli, Dervis & Genç, Sema Yılmaz, 2021. "Does financial risk and fiscal decentralization curb resources curse hypothesis in China? Analyzing the role of globalization," Resources Policy, Elsevier, vol. 72(C).
    4. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    5. Hassan, Hassan & Tian, Shanwu & Safi, Adnan & Umar, Muhammad, 2024. "Climate commitments and financial moderation: A deep dive into renewable energy's influence on OECD carbon footprints," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1484-1495.
    6. Boeing, Philipp & Eberle, Jonathan & Howell, Anthony, 2022. "The impact of China's R&D subsidies on R&D investment, technological upgrading and economic growth," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    7. Peter C. B. Phillips & Bruce E. Hansen, 1990. "Statistical Inference in Instrumental Variables Regression with I(1) Processes," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 99-125.
    8. Mutuku Rainard Munyao & Nyambuto Kennedy Ocharo & Ochenge Rogers Ondiba, 2023. "Real estate development, human capital, and economic growth in Kenya," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 13(6), pages 365-378.
    9. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    10. Maha Mohamed Alsebai Mohamed & Pingfeng Liu & Guihua Nie, 2022. "Causality between Technological Innovation and Economic Growth: Evidence from the Economies of Developing Countries," Sustainability, MDPI, vol. 14(6), pages 1-39, March.
    11. Li, Menghan & Zhang, Kaiyue & Alamri, Ahmad Mohammed & Ageli, Mohammed Moosa & Khan, Numan, 2023. "Resource curse hypothesis and sustainable development: Evaluating the role of renewable energy and R&D," Resources Policy, Elsevier, vol. 81(C).
    12. Mara Madaleno & Manuel Carlos Nogueira, 2023. "How Renewable Energy and CO 2 Emissions Contribute to Economic Growth, and Sustainability—An Extensive Analysis," Sustainability, MDPI, vol. 15(5), pages 1-15, February.
    13. Yosra Saidi & Anis Ochi & Samir Maktouf, 2023. "FDI inflows, economic growth, and governance quality trilogy in developing countries: A panel VAR analysis," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 426-449, April.
    14. Peter Boswijk, H., 1994. "Testing for an unstable root in conditional and structural error correction models," Journal of Econometrics, Elsevier, vol. 63(1), pages 37-60, July.
    15. Ze, Fu & Yu, Wence & Ali, Anis & Hishan, Sanil S. & Muda, Iskandar & Khudoykulov, Khurshid, 2023. "Influence of natural resources, ICT, and financial globalization on economic growth: Evidence from G10 countries," Resources Policy, Elsevier, vol. 81(C).
    16. Luo, Jing & Ali, Syed Ahtsham & Aziz, Babar & Aljarba, Ahmed & Akeel, Hatem & Hanif, Imran, 2023. "Impact of natural resource rents and economic growth on environmental degradation in the context of COP-26: Evidence from low-income, middle-income, and high-income Asian countries," Resources Policy, Elsevier, vol. 80(C).
    17. Zhang, Yi & Kumar, Sanjay & Huang, Xianhai & Yuan, Yiming, 2023. "Human capital quality and the regional economic growth: Evidence from China," Journal of Asian Economics, Elsevier, vol. 86(C).
    18. Alvarado, Rafael & Murshed, Muntasir & Cifuentes-Faura, Javier & Işık, Cem & Razib Hossain, Mohammad & Tillaguango, Brayan, 2023. "Nexuses between rent of natural resources, economic complexity, and technological innovation: The roles of GDP, human capital and civil liberties," Resources Policy, Elsevier, vol. 85(PA).
    19. Zhong, Min & Umar, Muhammad & Mirza, Nawazish & Safi, Adnan, 2024. "Mineral resource Optimization: The Nexus of sustainability, digital transformation, and green finance in OECD economies," Resources Policy, Elsevier, vol. 90(C).
    20. Yu, Yiling, 2023. "Role of Natural resources rent on economic growth: Fresh empirical insight from selected developing economies," Resources Policy, Elsevier, vol. 81(C).
    21. Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-1580, November.
    22. Hordofa, Tolassa Temesgen & Liying, Song & Mughal, Nafeesa & Arif, Asma & Minh Vu, Hieu & Kaur, Prabjot, 2022. "Natural resources rents and economic performance: Post-COVID-19 era for G7 countries," Resources Policy, Elsevier, vol. 75(C).
    23. Hahn, Jinyong, 1995. "Bootstrapping Quantile Regression Estimators," Econometric Theory, Cambridge University Press, vol. 11(1), pages 105-121, February.
    24. Li, Li, 2023. "Commodity prices volatility and economic growth: Empirical evidence from natural resources industries of China," Resources Policy, Elsevier, vol. 80(C).
    25. Gao, Song & Zhu, Yating & Umar, Muhammad & Kchouri, Bilal & Safi, Adnan, 2024. "Financial inclusion empowering sustainable technologies: Insights into the E-7 economies from COP28 perspectives," Technological Forecasting and Social Change, Elsevier, vol. 201(C).
    26. Yu, Siming & Wan, Kang & Cai, Cheng & Xu, Lingli & Zhao, Tuanjie, 2023. "Resource curse and green growth in China: Role of energy transitions under COP26 declarations," Resources Policy, Elsevier, vol. 85(PA).
    27. xin, Liu & Vu, Trong Lam & Phan, Thi Thu Hien & Sadiq, Muhammad & Xuyen, Nguyen Thi My & Ngo, Thanh Quang, 2023. "Nexus of natural resources, urbanization and economic recovery in Asia: The moderating role of innovation," Resources Policy, Elsevier, vol. 81(C).
    28. Khan, Zeeshan & Hossain, Mohammad Razib & Badeeb, Ramez Abubakr & Zhang, Changyong, 2023. "Aggregate and disaggregate impact of natural resources on economic performance: Role of green growth and human capital," Resources Policy, Elsevier, vol. 80(C).
    29. Balsalobre, Daniel & Sinha, Avik & Driha, Oana M. & Shujaat Mubarik, Muhammad, 2021. "Assessing the Impacts of Ageing and Natural Resource Extraction on Carbon Emissions: A proposed Policy Framework for European Economies," MPRA Paper 108159, University Library of Munich, Germany, revised 2021.
    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. Liu, Bailu & Tian, Jilin, 2023. "Natural resources led innovation: Employing structural break approach to explore USA's natural resources sector," Resources Policy, Elsevier, vol. 85(PA).
    2. Lin, Ling & Li, Mu & Hou, Xinmeng & Zahid Piprani, Arsalan, 2024. "The resource curse in least developed countries: The roles of foreign direct investment, energy efficiency, and electricity access," Resources Policy, Elsevier, vol. 89(C).
    3. Xue, Pengcheng & Du, Jianhua & Liu, Jiaxin & Li, Zhipeng & Albahooth, Bayan & Yang, Yiting, 2023. "Natural resources and economic perspective: Manufacturing value added for Europe and Central Asian economies," Resources Policy, Elsevier, vol. 86(PA).
    4. Tian, Lulu & Yan, Wenying & Xu, Baochang & Hasnaoui, Amir, 2024. "Beyond the resource curse: The multifaceted impact of mineral resources, financial systems, and workforce competence," Resources Policy, Elsevier, vol. 89(C).
    5. Xu, Yanling & Xu, Tian & Huang, Xiying & Chu, Chien-Chi, 2024. "Natural resources a curse or blessing: The story of Latin American and Caribbean economies employing bootstrap quantile method," Resources Policy, Elsevier, vol. 90(C).
    6. Zhang, Meng-Chen & Lin, Chun-Yu & Wei, Ying, 2023. "Natural resources exploration, efficiency of energy resources and financial development: Resources sector analysis via least square with structural breaks," Resources Policy, Elsevier, vol. 85(PA).
    7. Zhong, Yufei & Chen, Xuesheng & Yao, Xuehui & Wang, Zhixian & Chang, Hsu-Ling, 2024. "Natural resources and the trilemma of financial development, institutions, and markets: Sustainable development pathway via natural resources for China," Resources Policy, Elsevier, vol. 90(C).
    8. Chen, Fu & Xu, Jie & Zhang, Weiwei & Wei, Bowen & Li, Tingting, 2023. "Capital formation and natural resources extraction: A source of sustainable development or a curse for the economy?," Resources Policy, Elsevier, vol. 85(PB).
    9. Han, Zhihong & Gong, Lixin & Long, Chi & Afzal, Anees, 2023. "Towards resourceful sustainability: Integrating minerals resources in achieving development goals," Resources Policy, Elsevier, vol. 87(PA).
    10. Wang, Zhen & Hu, Difei & Sami, Fariha & Uktamov, Khusniddin Fakhriddinovich, 2023. "Revisiting China's natural resources-growth-emissions nexus: Education expenditures and renewable energy innovation," Resources Policy, Elsevier, vol. 85(PA).
    11. Jiao, Lei & Zhou, Dongjie & Xu, Runguo, 2024. "Resource dynamics and economic expansion: Unveiling the asymmetric effects of natural resources and FDI on economic growth with a lens on energy efficiency," Resources Policy, Elsevier, vol. 89(C).
    12. Xie, Hao & Chang, Shuangshuang & Liu, Pengqiang & Lin, Regina Fang-Ying, 2024. "Sustainable development: Uncovering the synergy between natural resources, clean technologies, and economic progress," Resources Policy, Elsevier, vol. 88(C).
    13. Ni, Xiewen, 2023. "Natural resources and COP26 targets of developed countries: Pandemic perspective of natural resources extraction," Resources Policy, Elsevier, vol. 83(C).
    14. Wang, Shubin & Wang, Tingting & Li, Jiabao & Zhao, Erlong, 2023. "Resource curse hypothesis in COP26 perspective: Access to clean fuel technology and electricity from renewable energy," Resources Policy, Elsevier, vol. 82(C).
    15. Li, Shi & Chen, Lei & Jiang, Tao & Wang, YingJie & Shen, Congcong, 2024. "Multidimensional financial development and natural resources: A path for sustainable development via natural resources and digitalization," Resources Policy, Elsevier, vol. 88(C).
    16. Hu, Hao & Li, Ruida & Zhang, Leilei, 2023. "Financial development and resources curse hypothesis: China's COVID-19 perspective of natural resources extraction," Resources Policy, Elsevier, vol. 85(PB).
    17. Gong, Qinyi & Ying, Limeng & Dai, Jiapeng, 2023. "Green finance and energy natural resources nexus with economic performance: A novel evidence from China," Resources Policy, Elsevier, vol. 84(C).
    18. Yu, Ti-Ming & Yan, Yu-Tong & Yin, Ya-Hua & Yang, Ming-Gao, 2023. "Are natural resources and oil prices a possible solution to renewable energy electricity? Evidence from global time series data," Resources Policy, Elsevier, vol. 86(PB).
    19. Yu, Xiuzhi & Jia, Fengshuo & Khan, Suliman & Khan, Zeeshan & Nassani, Abdelmohsen A., 2024. "Natural resources a curse or blessings for international trade? Empirical evidence from high indebted economies," Resources Policy, Elsevier, vol. 89(C).
    20. Alsagr, Naif, 2024. "Revisiting the natural resources rent and financial development nexus: Does geopolitical risk and corruption really matters?," Resources Policy, Elsevier, vol. 89(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:91:y:2024:i:c:s0301420724003039. 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.