Resource efficiency, cultural industry, and green economic growth: A synergistic approach

Ming Zhang and Xuejiao Wei

Resources Policy, 2024, vol. 90, issue C

Abstract: This paper assesses the influence of resource efficiency and the cultural industry on the green economic growth of 14 Asian frontier and developing economies, utilizing a quantitative approach with a panel data framework. Examining data from 2010 to 2021, the study reveals a significant obstacle to green energy deployment—heightened fossil fuels intensity, underscoring the imperative to enhance fossil fuels efficiency. Cultural expenditure exhibits a negative impact, prompting a realignment of cultural policies to align with environmental goals. The Education Index demonstrates a positive correlation with green energy deployment, highlighting the pivotal role of education. Unexpectedly, ICT expansion negatively affects green growth due to increased electricity consumption, necessitating nuanced policies. Importantly, the positive influence of imports of green components underscores the motivating role of international collaboration. Policy recommendations center on improving fossil fuels efficiency, realigning cultural policies, enhancing education, and fostering international collaboration for sustainable development in Asian economies.

Keywords: Fossil fuel utilization; Cultural expenditure; Green energy deployment; Utilization efficiency; Emerging; Frontier; Developing Asian countries (search for similar items in EconPapers)
JEL-codes: O53 Q40 Q42 Q56 Z11 (search for similar items in EconPapers)
Date: 2024
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:90:y:2024:i:c:s0301420724001363

DOI: 10.1016/j.resourpol.2024.104769

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