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Assessing the impact of resource efficiency on sustainable development: Policies to cope with resource scarcity in Chinese provinces

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  • Wen, Yixian
  • Zhang, Suo

Abstract

In the contemporary context, prioritizing sustainable development is crucial for meeting present needs while safeguarding the well-being of future generations. This study examines the influence of mineral resource prices and resource efficiency on the sustainable development of 32 Chinese provinces from 1980 to 2021, using CUP-FM analysis. Results indicate a positive correlation between resource efficiency and sustainable development, with a 1 % increase associated with approximately a 0.25 % enhancement in the sustainable development index. Notably, the impact of mineral resource prices on sustainability surpasses that of resource efficiency. Control variables, including financial market size, ICT development, investment flows, and population size, also contribute to sustainable development. The study proposes practical policy recommendations, such as promoting sustainable resource consumption through progressive pricing and targeted subsidies, to address resource scarcity and advance sustainability.

Suggested Citation

  • Wen, Yixian & Zhang, Suo, 2024. "Assessing the impact of resource efficiency on sustainable development: Policies to cope with resource scarcity in Chinese provinces," Resources Policy, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001211
    DOI: 10.1016/j.resourpol.2024.104754
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    Keywords

    Resource efficiency; Mineral resources; Resource scarcity; Sustainable development; Panel data;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • 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
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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