IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i21p11648-d661719.html
   My bibliography  Save this article

The Sustainable Development Path of the Gold Exploration and Mining of the Sanshan Island-Jiaojia Belt in Laizhou Bay: A DID-SVAR Approach

Author

Listed:
  • Sheng Zhang

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

  • Guoxiang Han

    (State Key Laboratory of Urban and Regional Ecology, Research Centre for Eco-Environmental Sciences, Chinese Academy of Sciences, Beijing 100085, China)

  • Ran Yu

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

  • Zuhui Wen

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

  • Meng Xu

    (Department of Mathematics, School of Science, Beijing Jiaotong University, Beijing 100044, China)

  • Yifu Yang

    (School of Environment & Natural Resources, Renmin University of China, Beijing 100872, China)

Abstract

Gold is a vital strategic resource, and it plays an irreplaceable role in maintaining national financial security, enhancing currency guarantee capabilities, and serving as a country’s last means of payment. Gold plays an essential role in several fields that are vital to sustainable development. In 2020, an ultra-large-scale gold deposit spanning land and sea was discovered in Sanshan Island-Jiaojia Belt, Laizhou Bay, China. Its owner, Shandong Gold Group, also established Sanshan Island as a new ecological mine model. Applying a difference in differences-structural vector autoregression (DID-SVAR) approach, our research found that the whole biodiversity of Laizhou Bay decreased by 0.27% purely due to gold exploration in Sanshan Island-Jiaojia. In the long run, gold mining will have an apparent 2.9% adverse effect on marine products, and fishing for marine products will have a 2.1% adverse effect on marine products themselves.

Suggested Citation

  • Sheng Zhang & Guoxiang Han & Ran Yu & Zuhui Wen & Meng Xu & Yifu Yang, 2021. "The Sustainable Development Path of the Gold Exploration and Mining of the Sanshan Island-Jiaojia Belt in Laizhou Bay: A DID-SVAR Approach," Sustainability, MDPI, vol. 13(21), pages 1-12, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:21:p:11648-:d:661719
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/21/11648/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/21/11648/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chari, V.V. & Kehoe, Patrick J. & McGrattan, Ellen R., 2008. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1337-1352, November.
    2. Yiyao Wang & Caizhi Sun & Wei Zou, 2021. "Study on the Interactive Relationship Between Marine Economic Growth and Marine Environmental Pressure in China," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 117-133, May.
    3. Christopher A. Sims, 1986. "Are forecasting models usable for policy analysis?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Win), pages 2-16.
    4. Nason, James M & Rogers, John H, 2002. "Investment and the Current Account in the Short Run and the Long Run," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(4), pages 967-986, November.
    5. Matthew D. Shapiro & Mark W. Watson, 1988. "Sources of Business Cycle Fluctuations," NBER Chapters, in: NBER Macroeconomics Annual 1988, Volume 3, pages 111-156, National Bureau of Economic Research, Inc.
    6. Munasinghe, M., 1993. "Environmental Economics and Sustainable Development," Papers 3, World Bank - The World Bank Environment Paper.
    7. Stephen G. Donald & Kevin Lang, 2007. "Inference with Difference-in-Differences and Other Panel Data," The Review of Economics and Statistics, MIT Press, vol. 89(2), pages 221-233, May.
    8. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009098915, October.
    9. Sean Becketti, 2013. "Introduction to Time Series Using Stata," Stata Press books, StataCorp LP, number itsus, March.
    10. Wai-Ming To & Peter K. C. Lee, 2018. "China’s Maritime Economic Development: A Review, the Future Trend, and Sustainability Implications," Sustainability, MDPI, vol. 10(12), pages 1-13, December.
    11. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009102896, May.
    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. Evans, Charles L. & Marshall, David A., 2007. "Economic determinants of the nominal treasury yield curve," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1986-2003, October.
    2. Gossé, Jean-Baptiste & Guillaumin, Cyriac, 2013. "L’apport de la représentation VAR de Christopher A. Sims à la science économique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 89(4), pages 309-319, Décembre.
    3. Chi Zhang & Zhongchang Sun & Qiang Xing & Jialong Sun & Tianyu Xia & Hao Yu, 2021. "Localizing Indicators of SDG11 for an Integrated Assessment of Urban Sustainability—A Case Study of Hainan Province," Sustainability, MDPI, vol. 13(19), pages 1-14, October.
    4. Xu, Deyi & Sheraz, Muhammad & Hassan, Arshad & Sinha, Avik & Ullah, Saif, 2022. "Financial development, renewable energy and CO2 emission in G7 countries: New evidence from non-linear and asymmetric analysis," Energy Economics, Elsevier, vol. 109(C).
    5. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    6. Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    7. Bianca Carducci & Yaqub Wasan & Agha Shakeel & Amjad Hussain & Jo-Anna B. Baxter & Arjumand Rizvi & Sajid B. Soofi & Zulfiqar A. Bhutta, 2022. "Characterizing Retail Food Environments in Peri-Urban Pakistan during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(14), pages 1-13, July.
    8. Daniela Cristina Momete & Manuel Mihail Momete, 2021. "Map and Track the Performance in Education for Sustainable Development across the European Union," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    9. Guillaume Lafortune & Grayson Fuller & Leslie Bermont Diaz & Adolf Kloke-Lesch & Phoebe Koundouri & Angelo Riccaboni, 2022. "Achieving the SDGs: Europe's Compass in a Multipolar World: Europe Sustainable Development Report 2022," DEOS Working Papers 2235, Athens University of Economics and Business.
    10. Kevin Handtke & Lisa Richter-Beuschel & Susanne Bögeholz, 2022. "Self-Efficacy Beliefs of Teaching ESD: A Theory-Driven Instrument and the Effectiveness of ESD in German Teacher Education," Sustainability, MDPI, vol. 14(11), pages 1-32, May.
    11. Andrés González & Sergio Ocampo & Diego Rodríguez & Norberto Rodríguez, 2012. "Asimetrías del empleo y el producto, una aproximación de equilibrio general," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 30(68), pages 218-272, June.
    12. Chari, V.V. & Kehoe, Patrick J. & McGrattan, Ellen R., 2008. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1337-1352, November.
    13. Carmen García-Peña & Moneyba González-Medina & Jose Manuel Diaz-Sarachaga, 2021. "Assessment of the Governance Dimension in the Frame of the 2030 Agenda: Evidence from 100 Spanish Cities," Sustainability, MDPI, vol. 13(10), pages 1-21, May.
    14. Joseph A. Whitt, 1995. "European Monetary Union: evidence from structural VARs," FRB Atlanta Working Paper 95-1, Federal Reserve Bank of Atlanta.
    15. Hyeon-Seung Huh & David Kim, 2014. "Do SVAR Models Justify Discarding the Technology-Shock-Driven Real Business Cycle Hypothesis?," The Economic Record, The Economic Society of Australia, vol. 90(288), pages 98-118, March.
    16. Mariusz Czupich & Justyna Łapińska & Vojtěch Bartoš, 2022. "Environmental Sustainability Assessment of the European Union’s Capital Cities," IJERPH, MDPI, vol. 19(7), pages 1-18, April.
    17. Jan, Muhammad Zain & Ullah, Kafait & Abbas, Faisal & Khalid, Hassan Abdullah & Bajwa, Tariq M., 2023. "Barriers to the adoption of social welfare measures in the electricity tariff structure of developing countries: A case of Pakistan," Energy Policy, Elsevier, vol. 179(C).
    18. Hatzenbühler, Jonas & Jenelius, Erik & Gidófalvi, Gyözö & Cats, Oded, 2023. "Modular vehicle routing for combined passenger and freight transport," Transportation Research Part A: Policy and Practice, Elsevier, vol. 173(C).
    19. Gong, Xu & Chen, Liqiang & Lin, Boqiang, 2020. "Analyzing dynamic impacts of different oil shocks on oil price," Energy, Elsevier, vol. 198(C).
    20. Keating, John W., 2013. "What do we learn from Blanchard and Quah decompositions of output if aggregate demand may not be long-run neutral?," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 203-217.

    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:gam:jsusta:v:13:y:2021:i:21:p:11648-:d:661719. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.