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Does digitalization enhance fossil fuels resources efficiency?

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  • Liu, Nan
  • Teng, Long
  • Tian, Wenjuan
  • Li, Ying

Abstract

This paper's primary purpose is to measure globalization's impacts on fossil fuel resource-efficient targets in 39 emerging countries from 2010 to 2020. The pooled Mean Group estimation's results confirmed that the digitalization indicators such as the digital economy index, e-government, and ICT (Information and communication technology) diffusion index increase the efficiency of fossil fuels resources in the short and long term. In addition, with a 1% increase in the share of ICT industries in the studied countries' economies, fossil fuel resources' efficiency will decrease by 0.07% and 0.13% in the short and long term, respectively. Regarding electricity consumption, the coefficients of the variable in the short-term and long-term are negative. In order to use digitalization benefits for fossil fuels efficient target, emerging economies can develop a digital green financing market, promote natural resource governance through e-government, and scale up renewable power generation.

Suggested Citation

  • Liu, Nan & Teng, Long & Tian, Wenjuan & Li, Ying, 2023. "Does digitalization enhance fossil fuels resources efficiency?," Resources Policy, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723005895
    DOI: 10.1016/j.resourpol.2023.103878
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    More about this item

    Keywords

    Digitalization; Fossil fuels resource-efficient target; ICT diffusion index; Fossil fuels resource government;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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