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The efficiency of natural resource consumption and government administration concerning green economic growth in Asian countries

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  • Xu, Chunguang
  • Li, Xiaohui

Abstract

This paper seeks the relationship between natural resources, public administration, and green economic growth in 30 Asian economies divided into two different income level groups over 2010–2021 by the FMOLS technique. The preliminary results confirmed that the efficiency of natural resource consumption and government administration in Asian countries has a significant positive effect. Moreover, fossil fuel consumption in both groups of countries has a negative and significant effect on economic growth. Furthermore, the green finance market and patent applications have a significant positive effect only in high-income Asian countries. In high-income Asian economies, there are bi-directional causality linkages among green economic growth, natural resource utilization efficiency, and public administration quality. In contrast, green economic growth in low-income economies cannot cause natural resource consumption efficiency and more suitable quality of public administration. Green multilateralism and establishing a green value chain are recommended as practical policies.

Suggested Citation

  • Xu, Chunguang & Li, Xiaohui, 2023. "The efficiency of natural resource consumption and government administration concerning green economic growth in Asian countries," Resources Policy, Elsevier, vol. 82(C).
    • Handle: RePEc:eee:jrpoli:v:82:y:2023:i:c:s0301420723002805
    DOI: 10.1016/j.resourpol.2023.103569
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    More about this item

    Keywords

    Green economic growth; Natural resource deployment; Public administration; Green finance; Fossil resources; Asia;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • N51 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - U.S.; Canada: Pre-1913
    • H80 - Public Economics - - Miscellaneous Issues - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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