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Testing the Economic Growth Path “Green-Resilience†Under Natural Resources Constraint in Asia-Pacific Economies

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  • Jules-Eric Tchapchet Tchouto

    (Public Economics Department, Faculty of Economics Sciences and Management, University of Dschang, Dschang, Cameroon)

Abstract

This study investigates the existence of the environmental Kuznets curve hypothesis under natural resources (NRs) constraint in nine Asian-Pacific countries with data spanning from 2000 to 2019. Using Pooled OLS estimations, results show that economic growth is on a pathway from which environmental quality is improved. Hypothesising that NRs exploitation is a potential factor that can exacerbate environmental quality, the study shows that the Asian economic structure is on a “green-resilience†path when controlling for total and each NRs component. The magnitude of each NR component in the ability of increasing CO2 emissions is characterised. Results are robust with different methods of estimations (control variables, alternative dependent variable, Two Stages Least Squares (2SLS)-3SLS Instrumental Variables strategies, Panel-Corrected Standard Error (PCSE) and Driscoll and Kraay methods). As policy implications, Asia-Pacific countries should amplify eco-innovation, development of renewable energies and fiscal policies as they positively impact FDI on green growth.

Suggested Citation

  • Jules-Eric Tchapchet Tchouto, 2023. "Testing the Economic Growth Path “Green-Resilience†Under Natural Resources Constraint in Asia-Pacific Economies," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 25(02), pages 1-28, June.
    • Handle: RePEc:wsi:jeapmx:v:25:y:2023:i:02:n:s1464333223500102
    DOI: 10.1142/S1464333223500102
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    More about this item

    Keywords

    Asia-Pacific countries; green resilience; economic growth path; natural resources; EKC hypothesis; environmental quality;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • 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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