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Green economic recovery in Central Asia by utilizing natural resources

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  • Hu, Xiaofeng

Abstract

In this research, the impacts of efficiency in natural resource utilization on green economic recovery are measured for the case of five Central Asian countries from 2000 to 2021 through the Panel ARDL (Autoregressive Distributed Lag) approach. The primary findings confirmed that for the industrial and agricultural sectors of the region, the efficiency of utilization of natural resources has a positive effect on green economic growth. In addition, the panel causality test confirmed a bi-directional causal linkage between green economic growth in industry and resource efficiency. In contrast, the efficiency in natural resource deployment causes green economic growth in the agricultural sector in Central Asia. The governments of Central Asia can follow practical policies like supporting green technologies and innovations, transferring green technologies from advanced countries, imposing a carbon tax, and greening mechanization of the agricultural sector.

Suggested Citation

  • Hu, Xiaofeng, 2023. "Green economic recovery in Central Asia by utilizing natural resources," Resources Policy, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723002933
    DOI: 10.1016/j.resourpol.2023.103582
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    More about this item

    Keywords

    Green economy; Natural resources; Resource curse; Central Asia; Panel data;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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