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Green infrastructure and natural resource utilization for green development in selected belt and road initiative countries

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  • Wang, Bo
  • Yang, Haoting
  • Bi, Chunyu
  • Feng, Yanchao

Abstract

This paper measures the impacts of green infrastructure and fossil fuels consumption efficiency on the green development of 34 BRI (Belt and Road Initiative) economies from 2010 to 2021, measured by the CS-ARDL (Cross-sectionally augmented autoregressive distributed lag) panel estimation technique. The empirical results confirmed that the green infrastructure index only has a long-term positive effect on green development. The efficiency of exploitation of fossil fuel resources, both in the short term and in the long term, is a factor in advancing the goals of green development in the studied countries. Furthermore, there is an uni-directional causal association between the green infrastructure index and sustainable development index, and a bi-directional causality nexus exists between sustainable development and fossil fuels efficiency. The BRI economies should implement significant policies like developing green financial infrastructure, promoting reduction, reuse, recycle (the 3Rs) policies, and establishing a green economic development cooperation network.

Suggested Citation

  • Wang, Bo & Yang, Haoting & Bi, Chunyu & Feng, Yanchao, 2023. "Green infrastructure and natural resource utilization for green development in selected belt and road initiative countries," Resources Policy, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pa:s0301420723004695
    DOI: 10.1016/j.resourpol.2023.103758
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    More about this item

    Keywords

    Green infrastructure; Sustainable development; Fossil fuels efficiency; BRI economies; Panel data approach;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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