IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723013144.html
   My bibliography  Save this article

Efficiency in the markets for natural resources as a force for economic revolution

Author

Listed:
  • Huafang, Huang

Abstract

This study investigates how efficiency in the markets for natural resources might spark an economic revolution. The research aims to test the nexus among green digital efficiency, natural resources and economic revolution in ASEAN economies. The study obtained quantitative data from 2010 to 2018 and applied the persistence-based Kalman methodology to estimate the findings. Using the concepts from foundational works, the study explores how economic revolution might be propelled by resource allocation and utilization optimization. Effective markets for natural resources boost output, encourage creativity, and drive long-term, steady economic expansion. We illustrate the relationship between market efficiency and economic revolution using case studies and actual data, highlighting the influence of policies and technology developments on these dynamics. The results emphasize how important it is to set up laws and technology advancements that support effective resource markets and unleash their revolutionary potential to drive economic growth in the modern world.

Suggested Citation

  • Huafang, Huang, 2024. "Efficiency in the markets for natural resources as a force for economic revolution," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723013144
    DOI: 10.1016/j.resourpol.2023.104603
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723013144
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2023.104603?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.

    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:s0301420723013144. 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.