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Role of free media and political openness in achieving resources efficiency and sustainability

Author

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  • Gao, Zhibin
  • Li, Zengrong

Abstract

Analyzing data spanning from 2000 to 2020 across 15 OPEC economies, unveil a notable positive correlation, indicating that a 1% increase in the press freedom index corresponds to a remarkable 0.47% boost in the resource efficiency index. Conversely, a significant negative correlation emerges between Control of Corruption and resource intensity, highlighting a 0.23% reduction for every 1% improvement in corruption control. Key determinants such as Regulatory Regulation, Political Stability, and “Voice and Accountability” play crucial roles in diminishing resource intensity. Intriguingly, patent applications unexpectedly demonstrate a positive association with resource intensity, suggesting a potential concentration on traditional industries. The educational composition of the workforce exhibits an insignificant impact on resource intensity. In conclusion, strategic policies for OPEC should prioritize enhancing Control of Corruption, implementing robust Regulatory Regulation, fostering Political Stability, and cultivating a participatory environment to achieve resource efficiency.

Suggested Citation

  • Gao, Zhibin & Li, Zengrong, 2024. "Role of free media and political openness in achieving resources efficiency and sustainability," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001685
    DOI: 10.1016/j.resourpol.2024.104801
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    Keywords

    Political openness; Press freedom index; Resource intensity index; Regulatory regulation; Resource efficiency; OPEC;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • 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
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • F18 - International Economics - - Trade - - - Trade and Environment

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