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Energy Resources trade and investments for green growth: The case of Countries in the Asia-Pacific Economic Cooperation

Author

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  • Jin, Cheng
  • Luo, Shuangshuang
  • Sun, Kehan

Abstract

This study empirically investigates the impacts of the energy resources trade and investment on green economic growth in 15 APEC countries, employing the FMOLS (Fully Modified OLS) technique with data covering period of 2010–2021. The results suggest that the effect of the green financing tools on greening the agricultural sector is insignificant. In contrast, this tool's efficiency in greening the industrial sector of these countries is favorable. Furthermore, investing in renewable energies does not significantly affect the agricultural sector's green economic growth, while it shows a positive correlation with the industrial sector's green growth in these countries. The fossil fuels trade adversely impacts the promotion of green growth in sectors of both industry and agriculture. Developing a green financing market, creating a knowledge network of green growth, and establishing a public green participation fund are recommended as practical policies.

Suggested Citation

  • Jin, Cheng & Luo, Shuangshuang & Sun, Kehan, 2023. "Energy Resources trade and investments for green growth: The case of Countries in the Asia-Pacific Economic Cooperation," Resources Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002465
    DOI: 10.1016/j.resourpol.2023.103535
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    More about this item

    Keywords

    Energy resources trade; Green investment; Green economic growth; APEC; Panel FMOLS technique;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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