IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v177y2024i10d10.1007_s10584-024-03795-2.html
   My bibliography  Save this article

Natural resource management and green technological innovation impact on health risks and social development: Evidence from advanced economies

Author

Listed:
  • Shuai Wang

    (Lanzhou University of Finance and Economics)

  • Nabila Abid

    (EM Normandie Business School, Métis Lab)

  • Fayyaz Ahmad

    (Lanzhou University)

  • Aamir Javed

    (Università “G. d’Annunzio” Chieti - Pescara)

Abstract

In light of the far-reaching consequences of ineffective natural resource management, an expanding body of scholarly investigation has emphasized environmental and economic repercussions while largely overlooking the implications for public health and social development. The present research fills this gap by investigating the influence of green technological innovation and natural resource management on health risks and social development in eleven leading industrial economies. The analysis employs extensive second-generation econometrics techniques on data framework from 1990 to 2019, controlling for variables such as gross domestic product, economic complexity, fossil fuel consumption, and foreign direct investment. The results of the CS-ARDL model indicate that green technological innovations significantly reduce health risks in both the short and long run while also improving social development. Conversely, resource management increases health risks but also contributes to social development in underlying countries. Economic complexity initially increases health risks in the short run but eventually improves in the long run. Additionally, gross domestic product positively affects social development but imposes health risks in the long run. Robustness checks, specifically the AMG test, confirm the results’ consistency and reliability. The findings emphasize the importance of implementing appropriate resource policy measures to effectively reduce health risks through responsible resource management practices and the widespread diffusion of green technology.

Suggested Citation

  • Shuai Wang & Nabila Abid & Fayyaz Ahmad & Aamir Javed, 2024. "Natural resource management and green technological innovation impact on health risks and social development: Evidence from advanced economies," Climatic Change, Springer, vol. 177(10), pages 1-26, October.
  • Handle: RePEc:spr:climat:v:177:y:2024:i:10:d:10.1007_s10584-024-03795-2
    DOI: 10.1007/s10584-024-03795-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10584-024-03795-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10584-024-03795-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Bokpin, Godfred A., 2017. "Foreign direct investment and environmental sustainability in Africa: The role of institutions and governance," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 239-247.
    2. Eberhardt, Markus & Teal, Francis, 2008. "Modeling technology and technological change in manufacturing: how do countries differ?," MPRA Paper 10690, University Library of Munich, Germany.
    3. Torvik, Ragnar, 2002. "Natural resources, rent seeking and welfare," Journal of Development Economics, Elsevier, vol. 67(2), pages 455-470, April.
    4. Najia Saqib & Ivan A. Duran & Nazia Hashmi, 2022. "Impact of Financial Deepening, Energy Consumption and Total Natural Resource Rent on CO2 Emission in the GCC Countries: Evidence from Advanced Panel Data Simulation," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 400-409, March.
    5. Nguyen Binh An & Yen-Lin Kuo & Fatma Mabrouk & Shouvik Sanyal & Iskandar Muda & Sanil S. Hishan & Niamat Abdulrehman, 2023. "Ecological innovation for environmental sustainability and human capital development: the role of environmental regulations and renewable energy in advanced economies," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 243-263, March.
    6. Fiza Shaheen & Muhammad Saeed Lodhi & Joanna Rosak-Szyrocka & Khalid Zaman & Usama Awan & Muhammad Asif & Waqas Ahmed & Maria Siddique, 2022. "Cleaner Technology and Natural Resource Management: An Environmental Sustainability Perspective from China," Clean Technol., MDPI, vol. 4(3), pages 1-23, June.
    7. Garima Malik, 2006. "An Examination of the Relationship between Health and Economic Growth," Macroeconomics Working Papers 22173, East Asian Bureau of Economic Research.
    8. Vanessa Oltra & Rene Kemp & Frans P. De Vries, 2010. "Patents as a measure for eco-innovation," International Journal of Environmental Technology and Management, Inderscience Enterprises Ltd, vol. 13(2), pages 130-148.
    9. Joakim Westerlund & David L. Edgerton, 2008. "A Simple Test for Cointegration in Dependent Panels with Structural Breaks," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(5), pages 665-704, October.
    10. Nchofoung, Tii N. & Achuo, Elvis Dze & Asongu, Simplice A., 2021. "Resource rents and inclusive human development in developing countries," Resources Policy, Elsevier, vol. 74(C).
    11. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    12. Miguel Angel Esquivias & Lilik Sugiharti & Hilda Rohmawati & Omar Rojas & Narayan Sethi, 2022. "Nexus between Technological Innovation, Renewable Energy, and Human Capital on the Environmental Sustainability in Emerging Asian Economies: A Panel Quantile Regression Approach," Energies, MDPI, vol. 15(7), pages 1-16, March.
    13. Long Zhao & Jianqiang Gu & Jawad Abbas & Dervis Kirikkaleli & Xiao-Guang Yue, 2023. "Does quality management system help organizations in achieving environmental innovation and sustainability goals? A structural analysis," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(1), pages 2484-2507, March.
    14. Chudik, Alexander & Pesaran, M. Hashem, 2015. "Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors," Journal of Econometrics, Elsevier, vol. 188(2), pages 393-420.
    15. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    16. Athanasios Lapatinas, 2016. "Economic complexity and human development: a note," Economics Bulletin, AccessEcon, vol. 36(3), pages 1441-1452.
    17. T. S. Breusch & A. R. Pagan, 1980. "The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 239-253.
    18. Anam Azam & Muhammad Rafiq & Muhammad Shafique & Jiahai Yuan, 2023. "Interpreting the Dynamic Nexus between Green Energy, Employment, Fossil Fuel Energy, and Human Development Index: A Panel Data Investigation," Energies, MDPI, vol. 16(7), pages 1-17, March.
    19. Vu, Trung V., 2020. "Economic complexity and health outcomes: A global perspective," Social Science & Medicine, Elsevier, vol. 265(C).
    20. Olivier R de Bandt & Luc Jacolin & Thibault Lemaire, 2021. "Climate Change in Developing Countries: Global Warming Effects, Transmission Channels and Adaptation Policies," Working Papers hal-03948704, HAL.
    21. Hall, Bronwyn H. & Helmers, Christian, 2013. "Innovation and diffusion of clean/green technology: Can patent commons help?," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 33-51.
    22. Weam Tunsi & Hisham Alidrisi, 2023. "The Innovation-Based Human Development Index Using PROMETHEE II: The Context of G8 Countries," Sustainability, MDPI, vol. 15(14), pages 1-13, July.
    23. Auty, Richard M. & Mikesell, Raymond F., 1999. "Sustainable Development in Mineral Economies," OUP Catalogue, Oxford University Press, number 9780198294870, Decembrie.
    24. Doytch, Nadia & Narayan, Seema, 2016. "Does FDI influence renewable energy consumption? An analysis of sectoral FDI impact on renewable and non-renewable industrial energy consumption," Energy Economics, Elsevier, vol. 54(C), pages 291-301.
    25. Ze, Fu & Yu, Wence & Ali, Anis & Hishan, Sanil S. & Muda, Iskandar & Khudoykulov, Khurshid, 2023. "Influence of natural resources, ICT, and financial globalization on economic growth: Evidence from G10 countries," Resources Policy, Elsevier, vol. 81(C).
    26. Ibrahim D. Raheem & Kazeem O. Isah & Abdulfatai A. Adedeji, 2018. "Inclusive growth, human capital development and natural resource rent in SSA," Economic Change and Restructuring, Springer, vol. 51(1), pages 29-48, February.
    27. Tomiwa Sunday Adebayo & Dervis Kirikkaleli, 2021. "Impact of renewable energy consumption, globalization, and technological innovation on environmental degradation in Japan: application of wavelet tools," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 16057-16082, November.
    28. Pradosh Nath & Bhagirath Behera, 2011. "A critical review of impact of and adaptation to climate change in developed and developing economies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 13(1), pages 141-162, February.
    29. Garima Malik, 2006. "An Examination of the relationship between Health and Economic Growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 185, Indian Council for Research on International Economic Relations, New Delhi, India.
    30. M. Hashem Pesaran, 2015. "Testing Weak Cross-Sectional Dependence in Large Panels," Econometric Reviews, Taylor & Francis Journals, vol. 34(6-10), pages 1089-1117, December.
    31. Muhammad Asif Qureshi & Jawaid Ahmed Qureshi & Ammar Ahmed & Shahzad Qaiser & Ramsha Ali & Arshian Sharif, 2020. "The Dynamic Relationship Between Technology Innovation and Human Development in Technologically Advanced Countries: Fresh Insights from Quantiles-on-Quantile Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(2), pages 555-580, November.
    32. Dongjing Chen & Xiaoyan Ma & Hairong Mu & Peiying Li, 2010. "The Inequality Of Natural Resources Consumption And Its Relationship With The Social Development Level Based On The Ecological Footprint And The Hdi," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 12(01), pages 69-86.
    33. Nabila Abid & Jianzu Wu & Fayyaz Ahmad & Muhammad Umar Draz & Abbas Ali Chandio & Hui Xu, 2020. "Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan," IJERPH, MDPI, vol. 17(14), pages 1-22, July.
    34. Çoban, Serap & Topcu, Mert, 2013. "The nexus between financial development and energy consumption in the EU: A dynamic panel data analysis," Energy Economics, Elsevier, vol. 39(C), pages 81-88.
    35. Korhan K. Gökmenoğlu & Martins Olugbenga Apinran & Nigar Taşpınar, 2018. "Impact of Foreign Direct Investment on Human Development Index in Nigeria," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 9(1), pages 1-13.
    36. Zhang, Shaohui & Luo, Shunjun & Afshan, Sahar, 2022. "Role of climate technologies, financial development, and renewable energy in the facilitation of social, economic, and environmental goals," Renewable Energy, Elsevier, vol. 199(C), pages 169-178.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hassan, Taimoor & Song, Huaming & Khan, Yasir & Kirikkaleli, Dervis, 2022. "Energy efficiency a source of low carbon energy sources? Evidence from 16 high-income OECD economies," Energy, Elsevier, vol. 243(C).
    2. Meng, Yue & Wu, Haoyue & Wang, Yunchen & Duan, Yinying, 2022. "International trade diversification, green innovation, and consumption-based carbon emissions: The role of renewable energy for sustainable development in BRICST countries," Renewable Energy, Elsevier, vol. 198(C), pages 1243-1253.
    3. Mohammed Alhashim & Mohd Ziaur Rehman & Shoaib Ansari & Parvez Ahmed, 2024. "Examining the Influence of Renewable Energy Consumption, Technological Innovation, and Export Diversification on Economic Growth: Empirical Insights from E-7 Nations," Sustainability, MDPI, vol. 16(21), pages 1-19, October.
    4. Pata, Ugur Korkut & Destek, Mehmet Akif & Manga, Muge & Cengiz, Orhan, 2022. "Militarization of NATO Countries Sparks Climate Change? Investigating the Moderating Role of Technological Progress and Financial Development," MPRA Paper 117567, University Library of Munich, Germany.
    5. Arshian Sharif & Usman Mehmood & Salman Tariq & Zia Ul Haq, 2024. "The role of financial inclusion and globalization toward a sustainable economy in ASEAN countries: evidence from advance panel estimations," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 10243-10260, April.
    6. Khan, Zeeshan & Ali, Muhsin & Jinyu, Liu & Shahbaz, Muhammad & Siqun, Yang, 2020. "Consumption-based carbon emissions and trade nexus: Evidence from nine oil exporting countries," Energy Economics, Elsevier, vol. 89(C).
    7. Li, Tianyu & Yue, Xiao-Guang & Waheed, Humayun & Yıldırım, Bilal, 2023. "Can energy efficiency and natural resources foster economic growth? Evidence from BRICS countries," Resources Policy, Elsevier, vol. 83(C).
    8. Predrag Petrović, 2023. "Economic sustainability of energy conservation policy: improved panel data evidence," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1473-1491, February.
    9. Talan, Amogh & Rao, Amar & Sharma, Gagan Deep & Apostu, Simona-Andreea & Abbas, Shujaat, 2023. "Transition towards clean energy consumption in G7: Can financial sector, ICT and democracy help?," Resources Policy, Elsevier, vol. 82(C).
    10. Singh, Vinay Kumar & Ghosh, Sajal, 2021. "Financial inclusion and economic growth in India amid demonetization: A case study based on panel cointegration and causality," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 674-693.
    11. Usman Mehmood, 2024. "Assessing the Impacts of Eco-innovations, Economic Growth, Urbanization on Ecological Footprints in G-11: Exploring the Sustainable Development Policy Options," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 16849-16867, December.
    12. Muhammad Shafiullah & Luke Emeka Okafor & Usman Khalid, 2019. "Determinants of international tourism demand: Evidence from Australian states and territories," Tourism Economics, , vol. 25(2), pages 274-296, March.
    13. Bright Akwasi Gyamfi & Asiedu B. Ampomah & Festus V. Bekun & Simplice A. Asongu, 2022. "Can information and communication technology and institutional quality help mitigate climate change in E7 economies? An environmental Kuznets curve extension," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 11(1), pages 1-20, December.
    14. Usman Mehmood, 2024. "Analyzing the Role of Political Risk, GDP, and Eco-Innovations Towards CO2 Emissions in South Asian Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2121-2135, March.
    15. Mohammed Musah, 2023. "Stock market development and environmental quality in EU member countries: a dynamic heterogeneous approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11153-11187, October.
    16. Khalid, Usman & Shafiullah, Muhammad, 2021. "Financial development and governance: A panel data analysis incorporating cross-sectional dependence," Economic Systems, Elsevier, vol. 45(2).
    17. Appiah, Michael & Karim, Sitara & Naeem, Muhammad Abubakr & Lucey, Brian M., 2022. "Do institutional affiliation affect the renewable energy-growth nexus in the Sub-Saharan Africa: Evidence from a multi-quantitative approach," Renewable Energy, Elsevier, vol. 191(C), pages 785-795.
    18. Arif, Asma & Minh Vu, Hieu & Cong, Ma & Hon Wei, Leow & Islam, Md. Monirul & Niedbała, Gniewko, 2022. "Natural resources commodity prices volatility and economic performance: Evaluating the role of green finance," Resources Policy, Elsevier, vol. 76(C).
    19. Uzar, Umut, 2024. "The dynamic effect of income distribution, natural resources, and freedom of press on ecological footprint: Theory and empirical evidence for emerging economies," Resources Policy, Elsevier, vol. 89(C).
    20. Michael Appiah & Bright Akwasi Gyamfi & Tomiwa Sunday Adebayo & Festus Victor Bekun, 2023. "Do financial development, foreign direct investment, and economic growth enhance industrial development? Fresh evidence from Sub-Sahara African countries," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(2), pages 203-227, May.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:177:y:2024:i:10:d:10.1007_s10584-024-03795-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.