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Assessment of green economic development through the impacts of fossil fuels resources and education in China

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  • Chen, Xia
  • Ding, Haiyang

Abstract

This paper evaluates the association between education, fossil fuel resources, and green development in China from 1980 to 2021. The findings from the ARDL (Autoregressive Distributed Lag) technique confirmed that the education index has a positive effect on sustainable development. Sustainable electricity generation in China positively affects sustainable development, while using fossil fuels in the industry has an adverse effect on China's sustainable development. The inflow of foreign direct investment harms the sustainable development index, whereas the effectiveness of the green financing market in promoting sustainable development goals exists only in the long term. The Chinese policymakers should pay attention to the digital green financing market, green cryptocurrencies, green FDI regulations, and further cooperation with the United Nations in the education for sustainable development (ESD).

Suggested Citation

  • Chen, Xia & Ding, Haiyang, 2023. "Assessment of green economic development through the impacts of fossil fuels resources and education in China," Resources Policy, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723006219
    DOI: 10.1016/j.resourpol.2023.103910
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    References listed on IDEAS

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    More about this item

    Keywords

    Green development; Education for sustainable development (ESD); Fossil fuels resources; Renewable power generation; China;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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