Natural resources and economic performance: Evaluating the role of political risk and renewable energy consumption

Aggregate and disaggregate impact of natural resources on economic performance: Role of green growth and human capital

The main goal of this article is to evaluate and analyze the effect of natural resources utilization efficiency on green economic growth in 5 emerging economies (Brazil, Russia, India, China, and South Africa) in the BRICS group. The panel data approach is employed to estimate coefficients by calculating the resource activity coefficient and gathering annual data for 2000–2020. The major results confirm that natural resource utilization efficiency accelerates the green economic growth of BRICS countries. Moreover, the presence of an uni-directional causal linkage from resource utilization efficiency to green economic growth is concluded, meaning that in the short-term, natural resource utilization efficiency can cause green economic growth in BRICS economies. As practical policies, promoting green FDI to increase green technologies transfer, green financing to promote technological innovation, and implementing the principle of 3Rs (Reduce, reuse, recycle) are recommended.

Role of Natural Resources Utilization Efficiency in Achieving Green Economic Recovery: Evidence from BRICS Countries

Role of natural resources utilization efficiency in achieving green economic recovery: Evidence from BRICS countries

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8947958

Analyzing the nexus of COVID-19 and natural resources and commodities: Evidence from time-varying causality

Natural resources rents and economic performance: Post-COVID-19 era for G7 countries.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9005441

Does COVID-19 pandemic cause natural resources commodity prices volatility? Empirical evidence from China

Energy efficiency and environment: examining the role of financial expansion for emerging economies

The association between resource rents and economic growth is one of the key issues that have attracted the attention of both policy-makers and scholars. Several attempts have been made regarding the association, yet the literature holds the gap. The present research intends to explore the connection between natural resource volatility and economic performance in seven (G-7) countries. For the time frame from 1990 to 2020, this study also examines the role of technological innovation (TI), human capital (HCI), and research and development budget for renewable energy (RER&D). Empirical results asserted that the variables under study are cointegrated. Employing a novel non-parametric panel quantile method of moments regression and quantile-on-quantile, the outcomes propose that natural resources volatility significantly affects EP throughout the quantiles. This negative impact is valid for the aggregate panel of countries and cross-sections. Natural resource volatility supports the resource curse hypothesis for G7 economies. On the other hand, HCI and TI are significant economic performance factors. From lower to higher quantiles, the magnitude and significance levels increase. The variable for cleaner energy investment is also positively related to economic performance yet insignificant in the higher quantile. The study recommends channeling natural resource rents to effectively and fully transfer the full potential of natural resources to other real sectors of the economy to fully utilize the benefit from it. 

https://www.tandfonline.com/doi/pdf/10.1080/1331677X.2023.2170900?needAccess=true&role=button

Tolassa Temesgen Hordofa

Papers

Natural resources rents and economic performance: Post-COVID-19 era for G7 countries.

Does COVID-19 pandemic cause natural resources commodity prices volatility? Empirical evidence from China

Energy efficiency and environment: examining the role of financial expansion for emerging economies

Sustainable economic growth via human capital and cleaner energy: evidence from non-parametric panel methods