Understanding the dynamics of the resource curse and financial development in China? A novel evidence based on QARDL model

Jiang, Chun; Zhang, Xiaogang; Kamran, Hafiz Waqas; Afshan, Sahar

doi:10.1016/j.resourpol.2021.102091

Cited by 73 publications

(11 citation statements)

References 63 publications

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“…Excessive exploitation of natural resources exhausted scarce resources, resulting in harm to the natural environment [96,97]. Additionally, its inefficient usage in manufacturing corroborates the resource curse hypothesis [98,99]. The time has come to conserve natural resources and use efficient technologies to minimize their waste in order to recover [100,101], and v. Increased rural-urban migration strained the country's economic and natural resources, depleting them significantly and resulting in increased health damages [102,103].…”

Section: Plos Onementioning

confidence: 97%

Controlling air pollution by lowering methane emissions, conserving natural resources, and slowing urbanization in a panel of selected Asian economies

Hanif

Lateef²,

Hussain³

et al. 2022

PLoS ONE

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The destruction of the earth’s ecosystems is the most pressing issue globally. Carbon emissions account for nearly half of global air pollution. Methane is the primary source of ground-level ozone and a significant source of greenhouse gases (GHGs), with greater warming potential than carbon dioxide emissions. The study examines the impact of the different methane emissions (released by agriculture, energy, and industrial sectors), urbanization, natural resource depletion, and livestock production on carbon emissions in the panel of selected Asian countries for the period of 1971 to 2020. The results show that energy associated methane emissions, livestock production, natural resource depletion, and urbanization are the main detrimental factors of environmental degradation across countries. The causality estimates show the unidirectional relationship running from livestock production and agriculture methane emissions to carbon emissions, from total methane emissions and carbon emissions to urbanization and from urbanization to energy methane emissions and livestock production. The forecasting estimates suggest that total methane emissions, natural resource depletion, and urbanization will likely increase carbon emissions over the next ten years. The study concludes that the energy sector should adopt renewable energy sources in its production process to minimize carbon emissions. Urbanization and excessive resource exploitation must be curtailed to attain carbon neutrality.

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Section: Plos Onementioning

confidence: 97%

Controlling air pollution by lowering methane emissions, conserving natural resources, and slowing urbanization in a panel of selected Asian economies

Hanif

Lateef²,

Hussain³

et al. 2022

PLoS ONE

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“…Third, the model accommodates both endogenous and exogenous variables as compared to other conventional time series approaches that make use of only exogenous variables. Additionally, the other existing studies have used this same approach to examine the linear relationship between natural resource and economic growth in different countries (Huang et al , 2021; Adabor and Buabeng, 2021b; Jiang et al , 2021). For instance, Olayungbo (2019) examined the impact of oil revenue and institutional quality in Nigeria using ARDL approach.…”

Section: Introductionmentioning

confidence: 99%

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

Adabor

Buabeng

Dunyo

2022

IJESM

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Purpose While the relationship between natural resource rent and economic growth is well documented in the literature, not much robust analysis has been done to estimate the causative relationship between oil resource rent and economic growth in Ghana. This might be due to the fact that commercial production of crude oil started not long ago in Ghana. This paper aims to examine the causal relationship between oil resource rent and economic growth for the period of 2011 to 2020 in Ghana. Design/methodology/approach The study incorporates economic growth as a function of oil resource rent, non-oil revenue, foreign direct investment, capital and interest rate in a Cobb–Douglass production function/model. The study used four different estimation strategies including the autoregressive distributed lags model, Toda–Yamamoto test approach, nonlinear autoregressive distributed lags model and nonlinear Granger causality. Findings The main finding revealed that 1% increase in oil resource rent generates 0.84% increase in economic growth of Ghana in the long run. Contrary, the authors find an insignificant positive effect of oil resource rent on economic growth of Ghana in the short run for the period under study. The result from the Toda–Yamamoto test approach also showed a unidirectional causality running from oil resource rent to economic growth of Ghana, providing evidence in support of the resource blessing hypothesis in Ghana. The results are robust to two different alternative estimation strategies. Originality/value The causal relationship between crude oil resource rent and economic growth is examined.

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“…however illustrate that both natural resource abundance and dependence negatively impact on health care expenditure. In the same vein [ 58 ], note in their empirical analyses in China that there exist a resources curse and this is generally dependent on different quantiles considered [ 59 ]. empirically demonstrated among others that, natural resources curb environmental degradation for BRICS economies [ 60 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

Dinga,

Mama,

Achuo

2024

Heliyon

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Understanding the dynamics of the resource curse and financial development in China? A novel evidence based on QARDL model

Cited by 73 publications

References 63 publications

Controlling air pollution by lowering methane emissions, conserving natural resources, and slowing urbanization in a panel of selected Asian economies

Controlling air pollution by lowering methane emissions, conserving natural resources, and slowing urbanization in a panel of selected Asian economies

The causative relationship between natural resource rent and economic growth: evidence from Ghana’s crude oil resource extraction

Resource abundance: Blessing or curse? Comparative analyses of point and diffuse resources

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