Role of regional trade agreements in enhancing investments in mineral resources projects in ASEAN

Weijian Dong, Kanxiang Chen and Xiaojun Liu

Resources Policy, 2023, vol. 85, issue PB

Abstract: In this research, the effects of the regional trade agreement on sustainable investment in mineral resources in 10 Association of Southeast Asian Nations (ASEAN) members are investigated using econometric analysis of annual data from 1990 to 2021. The empirical estimations confirmed that the gross domestic product has an adverse effect in the short term. In addition, a 1% increase in the development of capital markets will increase green investments in mineral resources by 0.23% and 0.34% in the long and short term, respectively. Geographical distance as a proxy for transportation and insurance costs has an adverse short-term and long-term effect on the amount of green investment in mineral resources. Furthermore, the ASEAN trade-in goods agreement (ATIGA) and ASEAN investment facilitation framework are essential and significant factors in improving sustainable investment in mineral resources in ASEAN member countries.

Keywords: Regional trade agreement; Sustainable investment; Mineral resources; Capital accumulation; ASEAN (search for similar items in EconPapers)
JEL-codes: C33 F14 N51 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723006049

DOI: 10.1016/j.resourpol.2023.103893

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