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Resource efficiency, green development, and social security: Evidence from ASEAN+6 economies

Author

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  • Xu, Jiaqi
  • Xu, Xiaowan
  • Jia, Gujiang

Abstract

This study explores global concerns surrounding environmental pollution and climate change, underscoring their profound impact on human life and ecosystems. Centered on ASEAN+6 countries, it investigates the interconnections among resource efficiency, social security, and the industrial green index. Utilizing comprehensive data spanning from 2000 to 2021, the research reveals that heightened fossil fuel intensity hampers industrial green development, indicating environmental deterioration. An elevated country risk index correlates with diminished industrial green progress, attributed to regulatory uncertainty and social unrest. Interestingly, foreign direct investment (FDI) does not align with sustainability; increased FDI corresponds to a slowdown in the industrial green index, suggesting potential environmental challenges. Policy recommendations emphasize the necessity to promote resource efficiency, address societal risk factors, align FDI policies with sustainability goals, and utilize internet access for eco-friendly knowledge dissemination. These recommendations aim to guide ASEAN+6 countries towards a more sustainable industrial future.

Suggested Citation

  • Xu, Jiaqi & Xu, Xiaowan & Jia, Gujiang, 2024. "Resource efficiency, green development, and social security: Evidence from ASEAN+6 economies," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001119
    DOI: 10.1016/j.resourpol.2024.104744
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    More about this item

    Keywords

    Resource efficiency; Fossil fuel consumption; Social security; Industrial green index; ASEAN+6;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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