IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v89y2024ics0301420723013302.html
   My bibliography  Save this article

Exploring the nexus between mineral policies, natural resource utilization, and green reforms for driving economic growth in China

Author

Listed:
  • Zhang, Jingyue
  • Tian, Grace Li
  • Yuan, Shengli
  • Tu, Yongqian

Abstract

The rapid economic growth fueled by resource-intensive industries has made China a global power, but only at high environmental costs. This study examined the complex relationship between China's mineral policies, appropriation of natural resources, green reform, and the ultimate impact on economic growth. Using data from the China Statistical Yearbook and Ministry of National Resources, running back to 1986 through 2022-all with a detailed regression analysis approach. It incorporates a Vector Error Correction Model (VECM) to examine the relationships between natural financing, GDP, and debt levels; it uses Wald test estimates to uncover accurate connections in Corporate Social Responsibility (CSR). These findings suggest that although mineral-intensive industries have reigned supreme in making China an economically powerful nation, green reforms need to be implemented to slow the degradation of our environment. What we need are changes aimed at continuing but sustainable growth. This is further evidence of the contribution of green initiatives to economic prosperity. Facing a world worried about climate change and resource scarcity, how China walks the tightrope between economic development goals and ecological sustainability is significant to China and international society. Policymakers, industries, and environmentalists can derive significant insights from this study by emphasizing the inextricable link between environmental stewardship and sustained economic growth.

Suggested Citation

  • Zhang, Jingyue & Tian, Grace Li & Yuan, Shengli & Tu, Yongqian, 2024. "Exploring the nexus between mineral policies, natural resource utilization, and green reforms for driving economic growth in China," Resources Policy, Elsevier, vol. 89(C).
  • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723013302
    DOI: 10.1016/j.resourpol.2023.104619
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420723013302
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.resourpol.2023.104619?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:s0301420723013302. 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.