Green policies and financial development in G7 economies: An in‐depth analysis of environmental regulations and green economic growth

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: Feb. 25, 2024

Abstract This comprehensive study explores the nuanced relationship between financial development and its determinants within G7 nations, spanning years 1990 to 2020. Motivated by need understand long‐term trends, we meticulously analyze key variables including total natural resource rent, Environmental Policy Stringency Index, energy consumption, green gross domestic product (GDP), foreign direct investment inflow. Employing rigorous diagnostic tests ensure robustness of our findings, advanced methodologies such as “Method Moment Quantile Regression,” along with simulations “Bootstrap Regression," “Panel Corrected Standard Errors,” “Feasible Generalized Least Squares” regressions uncover statistical significance practical implications results. Our pivotal findings carry substantial for both individual member states collective group. Highlighting a positive correlation stringent environmental policies, measured development, emphasizes imperative these nations align economic policies. Striking harmonious balance management sustainable regulations not only fosters growth but also addresses global concerns. Furthermore, adverse impact consumption on underscores urgent prioritize efficiency transition sources, aligning trend towards eco‐friendly practices. In response critical propose actionable policy measures. To growing climate crisis standardize finance practices, advocate establishment jointly funded Climate Resilience Adaptation Fund unified Green Bond Framework G7. These measures enhance resilience streamline investments demonstrate G7's commitment greener more prosperous future.

Language: Английский

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From resource curse to green growth: Exploring the role of energy utilization and natural resource abundance in economic development

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: April 16, 2024

Abstract This study delves into the profound repercussions of resource curse hypothesis within Brazil, Russia, India, China, and South Africa (BRICS) nations from 1991 to 2022, examining intricate interplay among natural abundance, energy consumption, economic development (ED). Methodologically, it employs cross‐sectionally augmented Dickey–Fuller test assess stationarity utilizes Westerlund cointegration technique analyze cointegration. Subsequently, autoregressive distributive lag model is deployed explore impact availability, renewable non‐renewable utilization, carbon emissions on ED these countries. The findings reveal a stark reality wherein both consumption wield consistently positive influence short‐ long‐term growth across BRICS economies. Particularly striking dominant consumption. However, this comes in contrast adverse effects identified with excessive coal rents, signifying potential setbacks arising rampant exploitation. Furthermore, suboptimal utilization resources hints at detrimental effect ED. These results transcend confines developing nations, underscoring universality hypothesis, affecting developed illuminates grave risks inherent overreliance overexploitation resources, elucidating heightened competition that severely impedes trajectory countries short long terms. Policymakers must prioritize diversification, implement sustainable management, invest innovative technologies mitigate fostering resilience growth. In conclusion, highlights severe stressing imperative for adept management counter linked overdependence bolster

Language: Английский

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The implications of the ecological footprint and renewable energy usage on the financial stability of South Asian countries

Financial Innovation, Journal Year: 2024, Volume and Issue: 10(1)

Published: May 10, 2024

Abstract This study explores the complex relationships involving ecological footprints, energy use, carbon emissions, governance efficiency, economic prosperity, and financial stability in South Asian nations spanning period from 2000 to 2022. Employing various methodologies such as cross-sectional dependence tests, co-integration analysis, first- second-generation unit-root we use a panel Autoregressive Distributed Lag model, feasible generalized least squares, Panel Corrected Standard Errors ensure robustness of our findings. We find noteworthy positive correlations between several variables, including heightened consciousness, effective structures, increased GDP per capita, amplified CO 2 emissions. These suggest potential pathways strengthen entire region; they also highlight latent embracing ecologically sustainable practices fortify resilience. Our results underscore pivotal role appropriate structures higher income levels bolstering countries. Interestingly, negative coefficients associated with renewable energy, suggesting that escalating adoption could create instability. finding stresses importance diversification strategies, cautioning policymakers carefully consider ramifications potentially costly imports sources while seeking reduce emphasizing need strike balance ambitious sustainability goals pursuit sustained region. In considering implications these findings, it is crucial each country’s broader socioeconomic context. offer valuable insights for developing strategies.

Language: Английский

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From resources to resilience: Understanding the impact of standard of living and energy consumption on natural resource rent in Asia

Energy Strategy Reviews, Journal Year: 2025, Volume and Issue: 57, P. 101590 - 101590

Published: Jan. 1, 2025

Language: Английский

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Exploring novelties in the causal relationship between economic complexity and natural resource rent: Empirical insights from Nigeria and South Africa

Journal of Open Innovation Technology Market and Complexity, Journal Year: 2025, Volume and Issue: unknown, P. 100483 - 100483

Published: Jan. 1, 2025

Language: Английский

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China’s high-quality economic development: a study of regional variations and spatial evolution

Economic Change and Restructuring, Journal Year: 2024, Volume and Issue: 57(2)

Published: March 31, 2024

Language: Английский

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Innovate, conserve, grow: A comprehensive analysis of technological innovation, energy utilization, and carbon emission in BRICS

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: June 30, 2024

Abstract The aim of this study was to embark on a transformative exploration the interplay between technological innovation, renewable energy, economic development, and carbon emissions in BRICS nations, unveiling novel insights that redefine sustainability paradigms contribute global environmental policymaking. This comprehensive spans years 1990–2022, meticulously examining dynamics indicators, energy consumption, generation, progress. dataset's non‐normal distribution prompts use moment quantile regression, providing nuanced with consideration for diverse slopes cross‐sectional dependencies. Validation through “Dumitrescu‐Hurlin panel Causality Test” refines findings, revealing diminishing impact innovation across quantiles. illuminates compelling connection: heightened correlates strongly reduced emissions, particularly evident at lower aligns seamlessly existing research, emphasizing technology's potential sustainability. Conversely, concerning positive association emerges utilization highlighting persistent challenge posed by escalating use. Urgent strategic interventions are underscored address ecological consequences associated rising consumption. intricate relationship electricity production unfolds, renewables' pivotal role mitigating impact. ongoing discussions regarding their indispensable contribution sustainable development. underscores importance prioritizing power initiatives. However, disconcerting surfaces development all quantiles, costs accompanying growth nations. As advances, escalate, presenting substantial challenges imperative balance progress conservation efforts. enriches discourse fostering within nations beyond, marking significant stride toward more environmentally conscious future.

Language: Английский

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The paradox of resource-richness: unraveling the effects on financial markets in natural resource abundant economies

Financial Innovation, Journal Year: 2025, Volume and Issue: 11(1)

Published: Jan. 20, 2025

Abstract In the contemporary global landscape, understanding nexus between financial inclusion and natural resource abundance is crucial, especially for resource-rich nations. This study uses diagnostic tests method of moments quantile regression to examines this interplay across Australia, Brazil, Canada, China, India, Russia, United States. We find that achieving significantly challenging countries heavily rely on resources. Diversified income sources equitable wealth distribution are essential mitigate these challenges. Additionally, we identify a positive correlation economic development inclusion, highlighting mutually reinforcing relationship growth inclusivity. Our research also reveals notable link adopting renewable energy improving suggesting environmental responsibility accessibility intertwined. Foreign direct investment has nuanced impacts adding depth our understanding. Overall, stable from resources diversified emerge as key promoters inclusion. These insights advocate regionally specific policies lay solid foundation future informed policymaking address challenges advance sustainable development. Graphical abstract

Language: Английский

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Natural resource‐driven prosperity: Unveiling the catalysts of sustainable economic development in the United States

Natural Resources Forum, Journal Year: 2024, Volume and Issue: unknown

Published: April 5, 2024

Abstract Achieving economic progress hinges upon the active and strategic utilization of a nation's inherent resources in financial endeavors. This comprehensive study investigates intricate dynamics influencing development United States, employing time series dataset spanning from 1991 to 2022. Key factors including total natural resource rents, domestic capital formation, ‘financial risk index (FRI),’ count patents filed by both foreign investors. Rigorous statistical analyses, ‘Modified Dickey‐Fuller’ test ‘Bayer‐Hanck cointegration’ strategy, were employed extract meaningful insights data. Addressing concerns related endogeneity serial correlation, advanced techniques such as ‘Dynamic Ordinary Least Squares’ ‘Fully Modified applied. The findings illuminate pivotal roles played rents formation propelling sustainable States. Notably, this sheds light on positive contributions patent filings trajectory. Furthermore, enhancements FRI are identified catalysts for fostering growth. In essence, our research contributes existing body knowledge offering nuanced into multifaceted influences shaping landscape results not only underscore significance effective management but also emphasize impact innovation, represented filings, improvements journey towards

Language: Английский

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Evaluation of Operational Efficiency in China’s Pharmaceutical Industry and Analysis of Environmental Impacts

Economies, Journal Year: 2025, Volume and Issue: 13(4), P. 90 - 90

Published: March 27, 2025

The pharmaceutical industry is a cornerstone of national economies and plays critical role in public health. However, China’s faces significant challenges, including regional disparities development. existing research on operational efficiency evaluation primarily focuses financial or innovation metrics, lacking comprehensive approach. Moreover, studies the environmental impact often rely limited set indicators, failing to offer holistic understanding how factors influence efficiency. This study aims address these gaps by comprehensively evaluating analyzing broader To achieve objectives, employs Three-Stage Data Envelopment Analysis method combined with Principal Component evaluate across 31 provinces China, considering both dimensions.The findings reveal that overall has improved annually, gradually narrowing. Specifically, capability environment have positive efficiency, while living standards openness exhibit negative correlation. Additionally, current conditions northwestern region are found be conducive development industry. first integrate three-stage data envelopment analysis principal component analysis, constructing framework for relationship between results provide empirical evidence policymakers aiming enhance

Language: Английский

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