 Revisiting resources curse hypothesis in China: Exploring the asymmetric effect of green investment and green innovationXuecheng Wei and Weihua Hu Resources Policy, 2023, vol. 85, issue PB Abstract: China's economy is booming, growing by over 9 percent annually over the past quarter-century. However, several environmental issues threaten China's long-term viability, including rising energy consumption, reliance on coal, and worsening air pollution. Therefore, the present research is conducted for Revisiting Resources Curse Hypothesis in China by identifying any asymmetric impact and the non-linear relationship between Natural Resources (NTR), Green Investment (GIV), and Green Innovation (GIN) on Financial Development (FDV) through QARDL model, which has allowed a thorough examination of the problem at varying quantiles. The findings of the QARDL validated the presence of the Resource Curse hypothesis. Additionally, the effects of NTR with the quantiles of FDV yielded negative relationships, GIV with the quantiles of FDV yielded positive relationships, and GIN with the quantiles of FDV yielded positive relationships. Based on the findings, it is recommended that China develop strategies and achieve sustainable growth to enjoy the benefits of FDV and economic growth without hampering the environmental goals. Keywords: Natural resources; Green investment; Green innovation; Financial development; QARDL (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:85:y:2023:i:pb:s0301420723006852 DOI: 10.1016/j.resourpol.2023.103974 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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