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Promoting green growth: Resource management and reosurce efficiency in East Asian and Pacific ecnomies

Author

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  • Guo, Muhong
  • Pang, Deliang
  • Dong, Jingzheng

Abstract

This study utilizes the Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) technique to examine the influence of coal, gas, and crude oil efficiency on the green growth of 17 East Asian and Pacific countries from 2000 to 2020. Notably, coal efficiency emerges as the most impactful factor, showing significant positive effects on both short- and long-term green growth. The study attributes this dominance to the higher environmental pollution linked to coal combustion. Long-term coefficients underscore the crucial shift towards cleaner energy practices, emphasizing the substantial positive impact of enhanced coal efficiency. Positive contributions from the Digital Economy Index and Green Finance Market are highlighted, emphasizing technological advancement and sustainable investments. However, waste generation and the maturity of green innovation, reflected in patent applications, pose potential barriers. Recommended policies include prioritizing cleaner coal technologies, fostering technological innovation, and encouraging sustainable investments to drive East Asian and Pacific countries towards a more environmentally conscious and economically resilient future.

Suggested Citation

  • Guo, Muhong & Pang, Deliang & Dong, Jingzheng, 2024. "Promoting green growth: Resource management and reosurce efficiency in East Asian and Pacific ecnomies," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724000722
    DOI: 10.1016/j.resourpol.2024.104705
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    Keywords

    Resource management; Fossil fuels sources efficiency; Green growth index; Sustainability of fossil fuels; East asia and pacific region;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • 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
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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