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Green bond and trade openness effects on sustainable business practices in natural resource markets

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  • Zhang, Mei
  • Zhang, Danting
  • Yang, Yunjiao

Abstract

This study, spanning 1995–2020 across 24 countries, investigates the influence of green bonds and trade openness on sustainable practices in natural resource markets, impacting green economic growth. Using the Generalized Method of Moments (GMM) model, our analysis shows that green bond issuance promotes sustainable business practices in these markets, fostering environmental responsibility and resource utilization for sustainable development. Furthermore, trade openness significantly enhances sustainable practices by optimizing resource use, reducing waste, and streamlining supply chains.

Suggested Citation

  • Zhang, Mei & Zhang, Danting & Yang, Yunjiao, 2023. "Green bond and trade openness effects on sustainable business practices in natural resource markets," Resources Policy, Elsevier, vol. 86(PA).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pa:s0301420723008991
    DOI: 10.1016/j.resourpol.2023.104188
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    References listed on IDEAS

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    1. Duan, Xiaoping & Xiao, Ya & Ren, Xiaohang & Taghizadeh-Hesary, Farhad & Duan, Kun, 2023. "Dynamic spillover between traditional energy markets and emerging green markets: Implications for sustainable development," Resources Policy, Elsevier, vol. 82(C).
    2. Yuan Chen & Jie Zhang & Hui Chen, 2023. "An economic analysis of sustainable tourism development in China," Economic Change and Restructuring, Springer, vol. 56(4), pages 2227-2242, August.
    3. Jie Zhang & Majed Alharthi & Qaiser Abbas & Weiqing Li & Muhammad Mohsin & Khan Jamal & Farhad Taghizadeh-Hesary, 2020. "Reassessing the Environmental Kuznets Curve in Relation to Energy Efficiency and Economic Growth," Sustainability, MDPI, vol. 12(20), pages 1-21, October.
    4. Jun Zhao & Kangyin Dong & Farhad Taghizadeh-Hesary, 2023. "Moving Towards Sustainable Development: Can Narrowing Income Inequality Facilitate Green Growth in China?," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 25(02), pages 1-34, June.
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    Cited by:

    1. Mustafa Naimoğlu & Serkan Şahin & Sefa Özbek, 2025. "Governance, Corruption, Trade Openness, and Innovation: Key Drivers of Green Growth and Sustainable Development in Türkiye," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(3), pages 4147-4162, June.
    2. Baudino, Marco, 2024. "Oil rents, renewable energy and the role of financial development: Evidence from OPEC+ members," Resources Policy, Elsevier, vol. 99(C).
    3. Rame, Rame & Purwanto, Purwanto & Sudarno, Sudarno, 2024. "Industry 5.0 and sustainability: An overview of emerging trends and challenges for a green future," Innovation and Green Development, Elsevier, vol. 3(4).

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