IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723012382.html
   My bibliography  Save this article

Mineral resource rent and sustainable transition: The mediating role of financial development

Author

Listed:
  • Wang, Yonglong
  • Wang, Rui

Abstract

This paper examines the interrelationships among mineral resource rent, sustainable development, and financial development in ten East Asian nations (excluding some due to data limitations) over the period 2005 to 2020, employing SYS-GMM analysis. The findings of the models unveil noteworthy impacts. In Model I, emphasis is placed on the significance of the lag first-order term for sustainable development, wherein financial market growth accentuates the sustainable development index by nearly 0.18% per 1% increase. Model II illustrates a positive association between financial market development and mineral rents, driven by enhanced investment capacities and infrastructure development. Model III underscores the relevance of mineral rents, demonstrating that a 1% increase correlates with a approximately 0.063% rise in the sustainable development index. The study underscores the adverse effects of inward foreign direct investment (FDI) on sustainability and highlights the negative influence of financial risk. Practical recommendations include the promotion of a green financial market, environmentally conscious mineral exploration, optimized logistics, and the utilization of AI and big data to bolster the sustainability of mineral companies.

Suggested Citation

  • Wang, Yonglong & Wang, Rui, 2024. "Mineral resource rent and sustainable transition: The mediating role of financial development," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012382
    DOI: 10.1016/j.resourpol.2023.104527
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723012382
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104527?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 rents; Sustainable development; Financial development; System-GMM; East Asia;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    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:89:y:2024:i:c:s0301420723012382. 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.