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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
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    References listed on IDEAS

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