Assessment of impacts of land and electricity prices on mineral efficiency

Yunfa Li and Fawei Liu

Resources Policy, 2023, vol. 86, issue PB

Abstract: This research delves into the complex interplay between land and electricity prices and sustainable mineral resource development across ten Asian countries characterized by significant pollution levels. Leveraging the CUP-FM (continuously updated full modified) technique from 1995 to 2020, the study uncovers crucial insights. Notably, heightened electricity prices demonstrate a direct association with an elevated ratio of mineral consumption to GDP (Gross Domestic Product), underscoring the role of pricing in optimizing mineral resource utilization. Additionally, a positive correlation between the poverty ratio and mineral consumption underscores that regions grappling with higher poverty levels tend to rely more on mineral consumption for their economic activities. Conversely, a negative link exists between the Consumer Price Index and mineral consumption, indicating how inflation impacts prudent resource consumption. Furthermore, the research reveals a compelling connection wherein increased patent applications coincide with reduced mineral consumption-to-GDP ratios, underscoring the role of innovation. Lastly, population growth exhibits a positive influence on the mineral consumption-to-GDP ratio. To enhance mineral efficiency, practical policy recommendations encompass fostering renewable energy, strategically importing green utilities, supporting green patents, and embracing digital transformation.

Keywords: Mineral efficiency; Electricity tariff; Resource utilization; Sustainable growth (search for similar items in EconPapers)
JEL-codes: L94 O44 Q38 Q56 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pb:s0301420723009431

DOI: 10.1016/j.resourpol.2023.104232

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