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Analyzing the interplay between money supply, mineral extraction, industrialization, and ecological footprint in latin America's global south: A symmetrical perspective
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2025-01-01 DOI: 10.1016/j.resourpol.2024.105422
Waqas Amin , Shouhong Xie , Abdul Rauf
The primary goal of this study is to examine the long-term impact of money supply, natural resource use, mineral extraction, industrialization, green energy use, and population density on the ecological footprint (EFP) in 11 high natural resource–based Latin American Global South nations from 1990 to 2021. The study employs Westerlund bootstrap LM, pooled mean group autoregressive distributed lag (PMG-ARDL), and Dumitrescu and Hurlin causality tests. Initially, Westerlund Bootstrap LM statistics reveal significant evidence of cointegration among the variables. Second, the PMG model results show that all regressors except green energy use have a significant positive effect on EFP in the long run, whereas, in the short run, all variables are found to have insignificant impact, excluding green energy use and industrialization. Finally, Dumitrescu and Hurlin tests indicate unidirectional causality of all the regressors with EFP, except mineral extraction and population density. The findings reveal some valuable policy implications for reducing EFP. Initially, central banks must initially limit money supply while altering the interest rate minimally. Over time, central banks must also promote green lending practices in industrial production sectors and charge higher interest on loans to firms that use outdated technology in industrial production. Furthermore, firms engaged in mineral and natural resource extraction must replace old equipment with new technologies that use green energy to curtail pollution emissions.
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引用次数: 0
Optimizing crowdfunding for mineral resources of Dutch economy: The role of fintech in achieving sustainable development goals through artificial intelligence 优化荷兰经济矿产资源众筹:金融科技在通过人工智能实现可持续发展目标中的作用
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-02 DOI: 10.1016/j.resourpol.2024.105413
Usman Ahmad , Ameenullah Aman , Azam Anwer Khan , Syed Emad Azhar Ali
The Netherlands considers focuses on optimal exploitation of mineral resources for achieving long-term Sustainable Development Goals (SDGs). As a result, crowdfunding investment is becoming more recognized as an important method of financing and promoting the United Nations SDGs. However, there has been little research on sustainable crowdfunding, particularly on mineral resource optimization and the impact of behaviour aspects. Therefore, the goal of this study is to determine how behaviour factors influence the subjective well-being of sustainable crowdfunding in mineral resources using fintech in the form of robo advisors to achieve sustainable development goals. This study aims to examine a research model that encompasses the key five personality traits, value on SDGs, subjective well-being, and role of robo-advisor. The findings indicate that two out of five personality traits have the greatest impact on the SDGs. Moreover, the study highlights the impact of agreeableness on SDGs and people's subjective well-being. The findings also emphasizes that the robo-advisor has a strong moderating effect on personality traits and subjective well-being.
荷兰将重点放在矿产资源的最佳开采上,以实现长期可持续发展目标(sdg)。因此,众筹投资越来越被认为是资助和促进联合国可持续发展目标的重要方法。然而,关于可持续众筹的研究很少,特别是在矿产资源优化和行为影响方面的研究。因此,本研究的目标是确定行为因素如何影响矿产资源可持续众筹的主观幸福感,利用金融科技以机器人顾问的形式实现可持续发展目标。本研究旨在检验一个包含五种关键人格特征、可持续发展目标价值、主观幸福感和机器人顾问角色的研究模型。研究结果表明,五分之二的人格特征对可持续发展目标的影响最大。此外,该研究还强调了亲和性对可持续发展目标和人们主观幸福感的影响。研究结果还强调,机器人顾问对个性特征和主观幸福感有很强的调节作用。
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引用次数: 0
Can digital government reduce the resource dependency? Evidence from method of moments quantile technique 数字政府能否减少对资源的依赖?矩分位数法的证据
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105426
Mehmet Akif Destek , Mohammad Razib Hossain , Müge Manga , Gamze Destek
The conventional thinking states that pervasive government corruption may turn resource plenty in resource-rich countries into a burden. These issues may surface, particularly when the public sector uses conventional procedures. Based on this, the research looks at how the public sector's digitalization might aid in resolving this issue. Specifically, economic growth, trade openness, economic complexity index, public sector size, and the impacts of digitalization are assessed in relation to their reliance on natural resources for 16 nations that are vulnerable to the “curse of the natural resource” Furthermore, the moderating influence of digitalization on the link between the growth of the public sector and the resource curse is investigated. In this case, the years 1995–2021 are investigated using the CS–ARDL methodology, and the robustness of the results is evaluated using the Moments Quantile Regression method. The CS-ARDL approach's findings indicate that trade openness, public sector size, and economic progress all correlate with increased resource reliance. However, as the economy becomes more complex and digitalized, resource dependency declines. Additionally, it is demonstrated that the interaction term parameter between digitalization and the growth of the public sector is negative, indicating that digitalization within the public sector has the potential to counteract the growing reliance of the sector on resources.
传统思维认为,在资源丰富的国家,普遍存在的政府腐败可能会把资源丰富变成一种负担。这些问题可能会浮出水面,特别是当公共部门使用传统程序时。基于此,该研究着眼于公共部门的数字化如何有助于解决这一问题。具体而言,我们评估了16个易受“自然资源诅咒”影响的国家的经济增长、贸易开放程度、经济复杂性指数、公共部门规模和数字化影响与它们对自然资源的依赖关系。此外,我们还研究了数字化对公共部门增长与资源诅咒之间联系的调节作用。在这种情况下,使用CS-ARDL方法调查了1995-2021年,并使用矩分位数回归方法评估了结果的稳健性。CS-ARDL方法的研究结果表明,贸易开放程度、公共部门规模和经济进步都与资源依赖程度的增加相关。然而,随着经济变得更加复杂和数字化,资源依赖性下降。此外,研究表明,数字化与公共部门增长之间的相互作用项参数为负,表明公共部门内部的数字化有可能抵消该部门对资源日益增长的依赖。
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引用次数: 0
Optimum level of Republic of Korea copper stockpile using disruption risk model 利用中断风险模型确定韩国铜库存的最优水平
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105418
Kangho Kim , Jinsoo Kim
This study evaluates the adequacy of copper stockpiles managed by the Korean government and proposes an economically optimal level from a strategic perspective. The Disruption-Risk model, a methodology that aims to maximize the net benefit of stockpiling by considering potential future demand and supply disruptions, was employed in this analysis. The analysis showed that stockpiling an additional 2400 metric tons above Korea's current target is an economically optimal strategy. Moreover, the sensitivity analysis showed that it is a rational decision for the government to engage in stockpiling activities rather than the private sector. It was found that it is essential to continuously increase and maintain stockpiles in line with Korea's evolving policy direction. The findings of this study employ statistical methods based on historical disruption data, which allows for a comparison with the prevailing approach to calculating stockpiles in Korea, which is based on demand assumptions. These findings can serve as a basis for Korea's copper stockpiling policy and can be utilized to enhance resource security in preparation for possible future scenarios.
本研究评估了韩国政府管理的铜储备的充分性,并从战略角度提出了经济上最优的水平。中断风险模型是一种通过考虑潜在的未来需求和供应中断来最大化库存净效益的方法。分析结果显示,比目前的目标多储备2400吨是经济上最优的战略。此外,敏感性分析表明,政府参与储备活动比民间参与储备活动更为理性。根据韩国的政策方向,有必要不断增加和维持库存。本研究的结果采用了基于历史中断数据的统计方法,这可以与基于需求假设的计算韩国库存的流行方法进行比较。这些发现可作为韩国铜储备政策的依据,并可用于加强资源安全,为未来可能出现的情况做好准备。
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引用次数: 0
Natural resource abundance, digitalization and institutional governance: The critical challenges towards net-zero transformation 自然资源丰富、数字化和制度治理:实现净零转型的关键挑战
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105412
Muhammad Farhan Bashir , Madiha Bashir , Luqman Shahzad
Amidst the efforts to balance economic growth and climate change concerns, natural resource consumption accounts for environmental degradation. The current study deliberates on ecological sustainability by examining how natural resource consumption, digitalization, and institutional governance impact environmental degradation in natural resource-dependent economies. Our econometric findings from CS-ARDL report that natural resource consumption and economic growth lead to environmental deterioration, while digitalization developments and institutional governance safeguard environmental sustainability. Similar findings are endorsed by robustness analysis to help propose novel environmental policy frameworks.
在平衡经济增长和气候变化的努力中,自然资源的消耗是环境恶化的原因。本研究通过考察自然资源依赖型经济体中自然资源消耗、数字化和制度治理对环境退化的影响,探讨了生态可持续性。CS-ARDL的计量经济学研究结果表明,自然资源消耗和经济增长导致环境恶化,而数字化发展和制度治理保障了环境的可持续性。鲁棒性分析支持了类似的发现,有助于提出新的环境政策框架。
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引用次数: 0
Retraction notice to “How does green finance derive the resource efficiency and decarbonization of the economy?” [Resour. Pol. 85 (2023) 103934]
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105368
Xiang Yan , Chao Yang , Renfang Zhang
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引用次数: 0
Oil rents, renewable energy and the role of financial development: Evidence from OPEC+ members 石油租金、可再生能源和金融发展的作用:来自欧佩克+成员国的证据
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105419
Marco Baudino
This study examines the threshold and moderating effects of oil rents on renewable energy consumption in OPEC+ members for different financial development indicators. For this, dynamic panel threshold and GMM estimators are employed for the time period 1999-2019. The empirical findings of the analysis reveal significant and negative threshold and moderating effects for financial market and total financial development, but not for financial institution development. Specifically, oil rents are found to reduce renewable energy consumption, with this negative effect becoming more pronounced at higher levels of financial market and total financial development. Overall, the results do not support the energy transition theory for OPEC+ members for which revenues from oil rents are transferred toward renewable energy investments. Rather, the presence of lobbying influences and inadequate support from financial markets and institutions is validated. These findings provide an additional debating point on the role of oil endowments on sustainable growth.
本研究考察了不同金融发展指标下石油租金对OPEC+成员国可再生能源消费的阈值和调节效应。为此,在1999-2019年期间采用了动态面板阈值和GMM估计器。实证分析结果显示,金融市场和金融总量发展存在显著的负向阈值和调节效应,金融机构发展不存在显著的负向阈值和调节效应。具体而言,石油租金会降低可再生能源的消费,这种负面影响在金融市场和金融发展水平越高时就越明显。总体而言,结果不支持欧佩克+成员国的能源转型理论,即石油租金收入转移到可再生能源投资。相反,游说势力的存在以及金融市场和机构的支持不足得到了证实。这些发现为石油资源对可持续增长的作用提供了一个额外的争论点。
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引用次数: 0
From exploration to production: Understanding the development dynamics of lithium mining projects 从勘探到生产:了解锂矿项目的发展动态
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-12-01 DOI: 10.1016/j.resourpol.2024.105423
Laura Buarque Andrade , Max Frenzel , Britta Bookhagen , Carolin Kresse , Michael Schmidt , Nedal Nassar , Elisa Alonso , Ensieh Shojaeddini , Dirk Sandmann
Recently, there has been considerable recent controversy whether current and new lithium mines will be able to supply the rapidly growing needs of the electromobility transition. Mineral exploration projects are typically active for many years, and only some become operational mines. From exploration to production, the projects go through several stages of characterisation and evaluation. At each stage, decisions are made by companies and stakeholders to advance, continue or stop the project. This is a complex process, and even projects with very similar geological and technical characteristics may take very different trajectories, depending on external factors such as global market conditions and local regulatory environments. The present study investigates the dynamics of this process for lithium exploration projects. A global database of 397 lithium projects was compiled, covering their progression through major development stages between 2004 and 2022. Ordinal logistic regression was used for the statistical analysis of this data. Different explanatory variables were tested, including economic, geological, technical, and geographic factors, to identify the best predictors for project progress at each development stage. The results suggest an essential role for lithium carbonate prices, and a variable role for other factors at each stage. Critically, the already elapsed lead time and project economics, which are traditionally considered important for the prediction of the start-up of individual mines, do not appear to be relevant in all cases. The results provide important insights into the dynamics of lithium supply and may eventually allow more realistic forecasts to be made for future lithium market dynamics.
最近,关于当前和新的锂矿是否能够满足电动汽车转型快速增长的需求,存在相当大的争议。矿产勘探项目通常要进行多年,只有一些成为可操作的矿山。从勘探到生产,项目经历了几个阶段的特征和评价。在每个阶段,由公司和利益相关者决定推进、继续或停止项目。这是一个复杂的过程,即使是地质和技术特征非常相似的项目,也可能采取非常不同的轨迹,这取决于全球市场条件和当地监管环境等外部因素。本研究探讨了锂勘探项目这一过程的动态。编制了397个锂项目的全球数据库,涵盖了2004年至2022年期间主要开发阶段的进展情况。采用有序逻辑回归对该数据进行统计分析。测试了不同的解释变量,包括经济、地质、技术和地理因素,以确定每个开发阶段项目进展的最佳预测因素。结果表明,碳酸锂价格在每个阶段起着至关重要的作用,而其他因素的作用则是可变的。关键的是,过去的交货时间和项目经济,传统上被认为是预测个别矿山开始运作的重要因素,似乎并不适用于所有情况。研究结果提供了对锂供应动态的重要见解,并可能最终允许对未来锂市场动态做出更现实的预测。
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引用次数: 0
Green finance, private investments and fossil fuels rents 绿色金融、私人投资和化石燃料租金
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-11-26 DOI: 10.1016/j.resourpol.2024.105415
Xiaoyu Zhang , Yanling Xi
Private investment and green finance have significantly influenced the fossil fuel industries in various countries. This study investigates the impact of green finance and private investment on fossil fuel rents in 20 major carbon-emitting nations from 2000 to 2020. Using ARDL estimation, findings reveal that a 1% increase in green finance reduces fossil fuel rents by 0.37% in the short term and 0.40% in the long term, driven by greater investments in sustainable energy. Conversely, a 1% increase in private investment leads to a 0.17% short-term and 0.23% long-term rise in fossil fuel rents, indicating limited private green investment. To address this gap, the study recommends policies such as green bond incentives, strengthened ESG reporting, improved financial risk management, enhanced business climates, digitalization of green financial markets, and sustainable governance in the fossil fuel sector.
私人投资和绿色金融对各国的化石燃料行业产生了重大影响。本研究探讨了 2000-2020 年间绿色金融和私人投资对 20 个主要碳排放国家化石燃料租金的影响。通过使用 ARDL 估计,研究结果表明,绿色金融每增加 1%,化石燃料租金在短期内减少 0.37%,长期内减少 0.40%。相反,私人投资每增加 1%,化石燃料租金就会短期上升 0.17%,长期上升 0.23%,这表明私人绿色投资有限。为弥补这一差距,研究建议采取绿色债券激励、加强环境、社会和公司治理报告、改善金融风险管理、改善商业环境、绿色金融市场数字化以及化石燃料行业可持续治理等政策。
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引用次数: 0
Evidence of the relationship between education expenditure by state and private sectors on solving resource curse in OPEC member countries 国家和私营部门的教育支出与解决欧佩克成员国资源诅咒之间关系的证据
IF 10.2 2区 经济学 0 ENVIRONMENTAL STUDIES Pub Date : 2024-11-25 DOI: 10.1016/j.resourpol.2024.105389
Yu Li , Wei Wei
This paper explores the link between education expenditure from both public and private sectors and the alleviation of the resource curse in 11 OPEC countries from 2000 to 2020. Utilizing the PMG-ARDL estimator, the study finds that a 1% increase in state education investment results in a 0.08% short-term and a 0.17% long-term rise in oil rent. In contrast, a 1% increase in private education investment leads to a 0.10% decrease in short-term and a 0.35% decrease in long-term oil rent. The research highlights the positive effects of GDP growth, trade volume, and electricity consumption in promoting economic diversification. The findings suggest that OPEC nations should enhance private sector education investments and focus on “greening” education to foster sustainable development and economic resilience.
本文探讨了 2000 至 2020 年间 11 个欧佩克国家公共和私营部门的教育支出与缓解资源诅咒之间的联系。利用 PMG-ARDL 估计器,研究发现国家教育投资每增加 1%,石油租金就会短期上升 0.08%,长期上升 0.17%。相比之下,私人教育投资每增加 1%,石油租金短期下降 0.10%,长期下降 0.35%。研究强调了 GDP 增长、贸易量和电力消费在促进经济多样化方面的积极作用。研究结果表明,欧佩克国家应加强私营部门的教育投资,并注重 "绿色 "教育,以促进可持续发展和经济复原力。
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引用次数: 0
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Resources Policy
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