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Revisiting resources curse hypothesis in China: Exploring the asymmetric effect of green investment and green innovation

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  • Wei, Xuecheng
  • Hu, Weihua

Abstract

China's economy is booming, growing by over 9 percent annually over the past quarter-century. However, several environmental issues threaten China's long-term viability, including rising energy consumption, reliance on coal, and worsening air pollution. Therefore, the present research is conducted for Revisiting Resources Curse Hypothesis in China by identifying any asymmetric impact and the non-linear relationship between Natural Resources (NTR), Green Investment (GIV), and Green Innovation (GIN) on Financial Development (FDV) through QARDL model, which has allowed a thorough examination of the problem at varying quantiles. The findings of the QARDL validated the presence of the Resource Curse hypothesis. Additionally, the effects of NTR with the quantiles of FDV yielded negative relationships, GIV with the quantiles of FDV yielded positive relationships, and GIN with the quantiles of FDV yielded positive relationships. Based on the findings, it is recommended that China develop strategies and achieve sustainable growth to enjoy the benefits of FDV and economic growth without hampering the environmental goals.

Suggested Citation

  • Wei, Xuecheng & Hu, Weihua, 2023. "Revisiting resources curse hypothesis in China: Exploring the asymmetric effect of green investment and green innovation," Resources Policy, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723006852
    DOI: 10.1016/j.resourpol.2023.103974
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