IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v86y2023ipbs0301420723009431.html
   My bibliography  Save this article

Assessment of impacts of land and electricity prices on mineral efficiency

Author

Listed:
  • Li, Yunfa
  • Liu, Fawei

Abstract

This research delves into the complex interplay between land and electricity prices and sustainable mineral resource development across ten Asian countries characterized by significant pollution levels. Leveraging the CUP-FM (continuously updated full modified) technique from 1995 to 2020, the study uncovers crucial insights. Notably, heightened electricity prices demonstrate a direct association with an elevated ratio of mineral consumption to GDP (Gross Domestic Product), underscoring the role of pricing in optimizing mineral resource utilization. Additionally, a positive correlation between the poverty ratio and mineral consumption underscores that regions grappling with higher poverty levels tend to rely more on mineral consumption for their economic activities. Conversely, a negative link exists between the Consumer Price Index and mineral consumption, indicating how inflation impacts prudent resource consumption. Furthermore, the research reveals a compelling connection wherein increased patent applications coincide with reduced mineral consumption-to-GDP ratios, underscoring the role of innovation. Lastly, population growth exhibits a positive influence on the mineral consumption-to-GDP ratio. To enhance mineral efficiency, practical policy recommendations encompass fostering renewable energy, strategically importing green utilities, supporting green patents, and embracing digital transformation.

Suggested Citation

  • Li, Yunfa & Liu, Fawei, 2023. "Assessment of impacts of land and electricity prices on mineral efficiency," Resources Policy, Elsevier, vol. 86(PB).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pb:s0301420723009431
    DOI: 10.1016/j.resourpol.2023.104232
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723009431
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104232?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.

    More about this item

    Keywords

    Mineral efficiency; Electricity tariff; Resource utilization; Sustainable growth;
    All these keywords.

    JEL classification:

    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

    Statistics

    Access and download statistics

    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:86:y:2023:i:pb:s0301420723009431. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.