文献类型：期刊文献

英文题名：Financial development for sustainable resource efficiency: Fostering green growth in natural resource markets

作者：Bai, Chengyu[1]

第一作者：Bai, Chengyu

通讯作者：Bai, CY[1]

机构：[1]Henan Univ Econ & Law, Sch Accounting, Zhengzhou 450046, Peoples R China

第一机构：河南财经政法大学会计学院

通讯机构：[1]corresponding author), Henan Univ Econ & Law, Sch Accounting, Zhengzhou 450046, Peoples R China.|[104845]河南财经政法大学会计学院;[10484]河南财经政法大学;

年份：2024

卷号：89

外文期刊名：RESOURCES POLICY

收录：;EI(收录号：20240315400484);Scopus(收录号：2-s2.0-85182394075);WOS:【SSCI(收录号:WOS:001147979700001)】；

语种：英文

外文关键词：China; Natural resource extraction; Economic growth; Green innovation

摘要：We aim to analyze the outcomes of extracting natural resources on China's long-term economic growth, considering its dominant financial status regarding purchasing power parity (PPP). The prevalent discord between the favorable outcomes of resource mining on economic advancement and the adverse results on the ecosystem sparks this exploration. We utilize numerous distinct econometric panel methodologies, such as fixed effects, two-stage least squares, and robustness tests, utilizing provincial-level data from 2001 to 2022. Additionally, we examine how the significance of natural resources in the Chinese provincial economy can be diminished or enhanced by promoting education and environmentally friendly innovation. Our findings indicate that extracting natural resources harms long-term prosperity, lending empirical support to the "resource curse" theory. While resource extraction poses a challenge to sustainable development, it also presents an opportunity when accompanied by green innovation and education implementation. Furthermore, the consequences of resource mining for sustainable growth are more pronounced in less urbanized and Western regions, highlighting regional variability. The perceived adverse effects of natural resources need not be viewed as a curse if accompanied by green innovation and education. Building upon these results, we propose policy implications and suggestions to foster sustainable economic growth in China.