IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v93y2024ics0301420724004513.html
   My bibliography  Save this article

Role of minerals rent, geopolitical risk, and economic policy uncertainty in achieving green growth: Evidence from novel wavelet quantile correlation approach

Author

Listed:
  • Li, Yuchun
  • Durani, Farah
  • Syed, Qasim Raza
  • Abddel-Jalil Sallam, Osama Azmi

Abstract

China is now taking proactive steps to expedite the advancement of green growth (GG) in response to the adverse ecological effects linked to economic expansion and excessive reliance on fossil fuel generation. As a result, researchers frequently analyze the factors that influence GG. The existing literature lacks sufficient analysis of the dynamic influence of minerals rent (MR), geopolitical risk (GPR), and economic policy uncertainty (EPU) on GG. In order to fill this gap, our goal is to analyze the impact of MR, GPR, and EPU on GG in China. To accomplish this objective, we have employed time series data spanning from 1990 to 2021. The empirical results obtained from the recently developed wavelet quantile correlation (WQC) approach demonstrate that MR decreases GG in both the short and long-term, whereas MR increases GG in the medium-run. Subsequently, a higher level of GPR and EPU have a negative effect on GG in both the medium and long-term. The impact of EPU and GPR on GG varies across different quantiles during the short-run. Based on the investigation's findings, we propose several policy recommendations. For instance, revenue from minerals should be allocated to green finance, green technologies, and green energy deployment to escalate GG in China. Similarly, efforts to control EPU and GPR at both national and international levels should be made.

Suggested Citation

  • Li, Yuchun & Durani, Farah & Syed, Qasim Raza & Abddel-Jalil Sallam, Osama Azmi, 2024. "Role of minerals rent, geopolitical risk, and economic policy uncertainty in achieving green growth: Evidence from novel wavelet quantile correlation approach," Resources Policy, Elsevier, vol. 93(C).
  • Handle: RePEc:eee:jrpoli:v:93:y:2024:i:c:s0301420724004513
    DOI: 10.1016/j.resourpol.2024.105084
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420724004513
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.resourpol.2024.105084?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.

    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:93:y:2024:i:c:s0301420724004513. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.