IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v77y2022ics0301420722001957.html
   My bibliography  Save this article

Natural resources, economic policies, energy structure, and ecological footprints’ nexus in emerging seven countries

Author

Listed:
  • Xu, Pei
  • Hussain, Muzzammil
  • Ye, Chengang
  • Wang, Jiangquan
  • Wang, Chen
  • Geng, Jinzhou
  • Liu, Yiding
  • Chen, Jingwei

Abstract

The role of natural resource rents and energy to determine ecological footprints is considerably studied. However, the literature on energy structure and economic policy uncertainty are uncommon in emerging economies. So, this study is designed to investigate the nexus of natural resource rents (NRR), economic policy uncertainty (EPU), energy structure (ES), and ecological footprints (EF) under the “Environment Kuznets Curve (EKC) hypothesis” in emerging seven (E7) panel countries. For empirical evidence, data from 1992 to 2020 is used with robust econometric estimations. Findings report the absence of the EKC hypothesis for the E7 economies. Energy structure is supporting to limit the ecological footprints thereby helping to clean the environment. However, the role of NRR and EPU to limit the EF is not supportive. Emerging economies should re-consider the economic policies' uncertainty, natural resources’ rents, and rapid urbanization to avoid environmental degradation.

Suggested Citation

  • Xu, Pei & Hussain, Muzzammil & Ye, Chengang & Wang, Jiangquan & Wang, Chen & Geng, Jinzhou & Liu, Yiding & Chen, Jingwei, 2022. "Natural resources, economic policies, energy structure, and ecological footprints’ nexus in emerging seven countries," Resources Policy, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:jrpoli:v:77:y:2022:i:c:s0301420722001957
    DOI: 10.1016/j.resourpol.2022.102747
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420722001957
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2022.102747?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. Phuc Canh, Nguyen & Trung Thong, Nguyen, 2020. "Nexus between financialisation and natural resources rents: Empirical evidence in a global sample," Resources Policy, Elsevier, vol. 66(C).
    2. Zafar, Muhammad Wasif & Shahbaz, Muhammad & Sinha, Avik & Sengupta, Tuhin & Qin, Quande, 2020. "How Renewable Energy Consumption Contribute to Environmental Quality? The Role of Education in OECD Countries," MPRA Paper 100259, University Library of Munich, Germany, revised 08 May 2020.
    3. Dwumfour, Richard Adjei & Ntow-Gyamfi, Matthew, 2018. "Natural resources, financial development and institutional quality in Africa: Is there a resource curse?," Resources Policy, Elsevier, vol. 59(C), pages 411-426.
    4. Destek, Mehmet & Sinha, Avik, 2020. "Renewable, non-renewable energy consumption, economic growth, trade openness and ecological footprint: Evidence from organisation for economic Co-operation and development countries," MPRA Paper 104246, University Library of Munich, Germany, revised 2020.
    5. Gene M. Grossman & Alan B. Krueger, 1995. "Economic Growth and the Environment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 353-377.
    6. Joakim Westerlund, 2007. "Testing for Error Correction in Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
    7. Mudakkar, Syeda Rabab & Zaman, Khalid & Khan, Muhammad Mushtaq & Ahmad, Mehboob, 2013. "Energy for economic growth, industrialization, environment and natural resources: Living with just enough," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 580-595.
    8. Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016. "Measuring Economic Policy Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
    9. Eyup Dogan & Syed Faisal Shah, 2021. "Analyzing the Role of Renewable Energy and Energy Intensity in the Ecological Footprint of the United Arab Emirates," Sustainability, MDPI, vol. 14(1), pages 1-12, December.
    10. Sadorsky, Perry, 2010. "The impact of financial development on energy consumption in emerging economies," Energy Policy, Elsevier, vol. 38(5), pages 2528-2535, May.
    11. Shahbaz, Muhammad & Naeem, Muhammad & Ahad, Muhammad & Tahir, Iqbal, 2018. "Is natural resource abundance a stimulus for financial development in the USA?," Resources Policy, Elsevier, vol. 55(C), pages 223-232.
    12. Al-Mulali, Usama & Saboori, Behnaz & Ozturk, Ilhan, 2015. "Investigating the environmental Kuznets curve hypothesis in Vietnam," Energy Policy, Elsevier, vol. 76(C), pages 123-131.
    13. Coxhead, Ian, 2007. "A New Resource Curse? Impacts of China's Boom on Comparative Advantage and Resource Dependence in Southeast Asia," World Development, Elsevier, vol. 35(7), pages 1099-1119, July.
    14. Danish & Recep Ulucak & Salah‐Ud‐Din Khan, 2020. "Relationship between energy intensity and CO2 emissions: Does economic policy matter?," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1457-1464, September.
    15. Danish, & Ulucak, Recep, 2021. "Renewable energy, technological innovation and the environment: A novel dynamic auto-regressive distributive lag simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    16. Tiba, Sofien & Omri, Anis, 2017. "Literature survey on the relationships between energy, environment and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1129-1146.
    17. Yu, Jian & Shi, Xunpeng & Guo, Dongmei & Yang, Longjian, 2021. "Economic policy uncertainty (EPU) and firm carbon emissions: Evidence using a China provincial EPU index," Energy Economics, Elsevier, vol. 94(C).
    18. Haldar, Anasuya & Sethi, Narayan, 2022. "Environmental effects of Information and Communication Technology - Exploring the roles of renewable energy, innovation, trade and financial development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 153(C).
    19. Shahid Ali & Eyup Dogan & Fuzhong Chen & Zeeshan Khan, 2021. "International trade and environmental performance in top ten‐emitters countries: The role of eco‐innovation and renewable energy consumption," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(2), pages 378-387, March.
    20. Khan, Zeeshan & Hussain, Muzzammil & Shahbaz, Muhammad & Yang, Siqun & Jiao, Zhilun, 2020. "Natural resource abundance, technological innovation, and human capital nexus with financial development: A case study of China," Resources Policy, Elsevier, vol. 65(C).
    21. Shahbaz, Muhammad & Ozturk, Ilhan & Afza, Talat & Ali, Amjad, 2013. "Revisiting the environmental Kuznets curve in a global economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 494-502.
    22. Anser, Muhammad Khalid & Yousaf, Zahid & Zaman, Khalid & Nassani, Abdelmohsen A. & Alotaibi, Saad M. & Jambari, Hanifah & Khan, Aqeel & Kabbani, Ahmad, 2020. "Determination of resource curse hypothesis in mediation of financial development and clean energy sources: Go-for-green resource policies," Resources Policy, Elsevier, vol. 66(C).
    23. Zafar, Muhammad Wasif & Zaidi, Syed Anees Haider & Khan, Naveed R. & Mirza, Faisal Mehmood & Hou, Fujun & Kirmani, Syed Ali Ashiq, 2019. "The impact of natural resources, human capital, and foreign direct investment on the ecological footprint: The case of the United States," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    24. Dogan, Eyup & Seker, Fahri, 2016. "Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy," Renewable Energy, Elsevier, vol. 94(C), pages 429-439.
    25. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Guiping & Zhang, Xiaohua & Xiao, Zheng & Liu, Wei & He, Qian, 2023. "Land under cereal production and environmental sustainability: Influence of total natural resources rents in the United States," Resources Policy, Elsevier, vol. 85(PB).
    2. Hussain, Muzzammil & Bashir, Adnan & Wang, Chen & Wang, Yiwen, 2023. "World uncertainty, natural resources, consumer prices, and financial development in high-income countries," Resources Policy, Elsevier, vol. 81(C).
    3. Sun, Yunpeng & Guan, Weimin & Mehmood, Usman & Yang, Xiaodong, 2022. "Asymmetric impacts of natural resources on ecological footprints: Exploring the role of economic growth, FDI and renewable energy in G-11 countries," Resources Policy, Elsevier, vol. 79(C).
    4. Ansari, Mohd Arshad, 2022. "Re-visiting the Environmental Kuznets curve for ASEAN: A comparison between ecological footprint and carbon dioxide emissions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    5. Naqvi, Syed Asif Ali & Hussain, Mehvish & Hussain, Bilal & Shah, Syed Ale Raza & Nazir, Jawad & Usman, Muhammad, 2023. "Environmental sustainability and biomass energy consumption through the lens of pollution Haven hypothesis and renewable energy-environmental kuznets curve," Renewable Energy, Elsevier, vol. 212(C), pages 621-631.
    6. Bilgili, Faik & Soykan, Erkan & Dumrul, Cüneyt & Awan, Ashar & Önderol, Seyit & Khan, Kamran, 2023. "Disaggregating the impact of natural resource rents on environmental sustainability in the MENA region: A quantile regression analysis," Resources Policy, Elsevier, vol. 85(PA).
    7. Sun, Yunpeng & Gao, Pengpeng & Tian, Wenjuan & Guan, Weimin, 2023. "Green innovation for resource efficiency and sustainability: Empirical analysis and policy," Resources Policy, Elsevier, vol. 81(C).
    8. Liao, Qi & Zeng, Heng, 2023. "How do financial development and ICT moderate financial resource curse hypothesis in developing countries?," Resources Policy, Elsevier, vol. 85(PA).
    9. 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).
    10. Hussain, Muzzammil & Lu, Tongrui & Chengang, Ye & Wang, Yiwen, 2023. "Role of economic policies, renewable energy consumption, and natural resources to limit carbon emissions in top five polluted economies," Resources Policy, Elsevier, vol. 83(C).
    11. Cong, Yufei & Ren, Chunhong, 2023. "Does Natural resource dependency impede sustainable development? Exploring the non-linear consequence of economic complexity," Resources Policy, Elsevier, vol. 85(PB).

    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. Hussain, Muzzammil & Lu, Tongrui & Chengang, Ye & Wang, Yiwen, 2023. "Role of economic policies, renewable energy consumption, and natural resources to limit carbon emissions in top five polluted economies," Resources Policy, Elsevier, vol. 83(C).
    2. GU, Jianqiang & Umar, Muhammad & Soran, Semih & Yue, Xiao-Guang, 2020. "Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?," Resources Policy, Elsevier, vol. 67(C).
    3. Wei, Hua & Rizvi, Syed Kumail Abbas & Ahmad, Ferhana & Zhang, Yuchen, 2020. "Resource cursed or resource blessed? The role of investment and energy prices in G7 countries," Resources Policy, Elsevier, vol. 67(C).
    4. Hussain, Muzzammil & Ye, ZhiWei & Usman, Muhammad & Mir, Ghulam Mustafa & Usman, Ahmad & Abbas Rizvi, Syed Kumail, 2020. "Re-investigation of the resource curse hypothesis: The role of political institutions and energy prices in BRIC countries," Resources Policy, Elsevier, vol. 69(C).
    5. Ali, Adnan & Ramakrishnan, Suresh & Faisal,, 2022. "Financial development and natural resources. Is there a stock market resource curse?," Resources Policy, Elsevier, vol. 75(C).
    6. Naseer, Ahsan & Su, Chi-Wei & Mirza, Nawazish & Li, Jing-Ping, 2020. "Double jeopardy of resources and investment curse in South Asia: Is technology the only way out?," Resources Policy, Elsevier, vol. 68(C).
    7. Chen, Yang & Cheng, Liang & Lee, Chien-Chiang, 2022. "How does the use of industrial robots affect the ecological footprint? International evidence," Ecological Economics, Elsevier, vol. 198(C).
    8. Cengiz Aytun & Cemil Serhat Akin, 2022. "Can education lower the environmental degradation? Bootstrap panel Granger causality analysis for emerging countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(9), pages 10666-10694, September.
    9. Ahmad, Mahmood & Jiang, Ping & Majeed, Abdul & Umar, Muhammad & Khan, Zeeshan & Muhammad, Sulaman, 2020. "The dynamic impact of natural resources, technological innovations and economic growth on ecological footprint: An advanced panel data estimation," Resources Policy, Elsevier, vol. 69(C).
    10. Li, Yumei & Naqvi, Bushra & Caglar, Ersin & Chu, Chien-Chi, 2020. "N-11 countries: Are the new victims of resource-curse?," Resources Policy, Elsevier, vol. 67(C).
    11. Li, Zongyun & Rizvi, Syed Kumail Abbas & Rubbaniy, Ghulame & Umar, Muhammad, 2021. "Understanding the dynamics of resource curse in G7 countries: The role of natural resource rents and the three facets of financial development," Resources Policy, Elsevier, vol. 73(C).
    12. Xu, Yongfeng & Zhao, Xia, 2023. "Financial market risk, technology and natural resources nexus: Evidence from China," Resources Policy, Elsevier, vol. 81(C).
    13. Guan, Jialin & Kirikkaleli, Dervis & Bibi, Ayesha & Zhang, Weike, 2020. "Natural resources rents nexus with financial development in the presence of globalization: Is the “resource curse” exist or myth?," Resources Policy, Elsevier, vol. 66(C).
    14. Stephen T. Onifade & Bright A. Gyamfi & Ilham Haouas & Simplice A. Asongu, 2023. "Extending the Frontiers of Financial Development for Sustainability of the MENA States: The Roles of Resource Abundance and Institutional Quality," Working Papers 23/055, European Xtramile Centre of African Studies (EXCAS).
    15. Usman, Muhammad & Khalid, Khaizran & Mehdi, Muhammad Abuzar, 2021. "What determines environmental deficit in Asia? Embossing the role of renewable and non-renewable energy utilization," Renewable Energy, Elsevier, vol. 168(C), pages 1165-1176.
    16. Ding, Yuanyi, 2023. "Does natural resources cause sustainable financial development or resources curse? Evidence from group of seven economies," Resources Policy, Elsevier, vol. 81(C).
    17. Usman, Muhammad & Balsalobre-Lorente, Daniel, 2022. "Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?," Energy Policy, Elsevier, vol. 162(C).
    18. Dogan, Eyup & Altinoz, Buket & Tzeremes, Panayiotis, 2020. "The analysis of ‘Financial Resource Curse’ hypothesis for developed countries: Evidence from asymmetric effects with quantile regression," Resources Policy, Elsevier, vol. 68(C).
    19. Jiang, Chun & Zhang, Yadi & Kamran, Hafiz Waqas & Afshan, Sahar, 2021. "Understanding the dynamics of the resource curse and financial development in China? A novel evidence based on QARDL model," Resources Policy, Elsevier, vol. 72(C).
    20. Tang, Chang & Irfan, Muhammad & Razzaq, Asif & Dagar, Vishal, 2022. "Natural resources and financial development: Role of business regulations in testing the resource-curse hypothesis in ASEAN countries," Resources Policy, Elsevier, vol. 76(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:77:y:2022:i:c:s0301420722001957. 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.