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The impact of oil and natural gas trading and globalization on natural resources management in China

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  • Fang, Ming
  • Chang, Chiu-Lan

Abstract

The Pandemic outbreak strike global economy like a hurricane. Every single area was hit by COVID-19 including energy market and sector. This major hit not only affected energy prices, investments and demand-supply but also energy other sectors such as oil and gas. Besides, the consistent increase in population growth and surging global economic activities created a huge demand-supply gap in natural resources. On this backdrop, the present study intends to investigates the impact of oil and natural gas trading and globalization on natural resources management in China in the time span of 1985–2021. The researchers check the linkages among oil and natural gas trading, globalization and natural resources management using the dynamic autoregressive distributed lag (DARDL) approach. The outcomes revealed that oil and natural gas trading, globalization, EG, industrialization and inflation have a positive linkage with natural resources management in China. Based on the results, it is suggested that in order to reap greater benefits from natural resources, practitioners are asked to shed light on the need of globalization and human capital development as this way effective natural resources management can be ensured. The study also implies that oil and gas industry is obliged to follow change before its starts loosing energy market share.

Suggested Citation

  • Fang, Ming & Chang, Chiu-Lan, 2023. "The impact of oil and natural gas trading and globalization on natural resources management in China," Resources Policy, Elsevier, vol. 86(PA).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pa:s030142072300939x
    DOI: 10.1016/j.resourpol.2023.104228
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