Driving sustainable development: Role of institutional quality and future of China's mineral resource management projects
Shuhua Niu,
Wenhe Liu,
Ying-Yueh Su,
Mohammed Hasan Ali Al-Abyadh,
Iskandar Muda and
Zulkiflee Abdul-Samad
Resources Policy, 2024, vol. 95, issue C
Abstract:
The rapid industrial progress in China along with significant dependence on minerals, raises concerns about the influence of its overall reliance on nations’ development trajectory. Moreover, institutional quality also plays an active role in shaping the economic structure of any nation. The study investigates the intricate association among mineral extraction, institutional quality, and economic development in China from 1990 to 2022. For an empirical investigation, the ARDL (Autoregressive distributed lag) co-integration method is employed based on the order of integration of the series defined by the ADF(Augmented Dickey-Fuller) stationarity test. Moreover, CUSUM and CUSUM square (Cumulative sum of square) also confirm the stability of the model. According to the findings mineral rent and mineral exports are found to be positively significant in the short and the long run and increase economic growth. While institutional quality is shown to be positively insignificant in the short term, in the long run, it is shown to have a positive significant effect. Moreover, inflation and population growth are shown to have a positive significant impact in the short term, but trade is found to be insignificant. Lastly, the study intends to suggest policy suggestions based on the results. A country should have a strong institutional setup to ensure sustainable long-term growth.
Keywords: Minerals extraction; Resource management; Institutional quality; Andrew zivot; ARDL; ECM (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420724005233
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:95:y:2024:i:c:s0301420724005233
DOI: 10.1016/j.resourpol.2024.105156
Access Statistics for this article
Resources Policy is currently edited by R. G. Eggert
More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).