Nexus among carbon intensity and natural resources utilization on economic development: Econometric analysis from China

Na Yun

Resources Policy, 2023, vol. 83, issue C

Abstract: This study employs difference-in-differences (DID) to evaluate the role of China’s green financing policy in deploying a green economy to reduce carbon intensity. This study employs the TVP-VAR data selected from daily indexes from March 20, 2010, to June 2020; this study examines the interconnectedness and spillover relationship between carbon intensity and natural resources development on economic development. According to the first results (one), each year, the green finance and natural resources development deviations from short to long runs are rectified by 88% and 95%, respectively. For every 1% increase in GDP per capita, natural resources development use increases by 0.467 percent and, over time, by 0.311%, according to the second result (two), at the values of 1% and 5%, respectively. Results (three) show that there is a long-term relationship between population density and the usage of natural resources development and that this relationship is statistically significant at the 5% level. According to the findings, a 1% increase in population density caused a long-term drop in green finance energy use of 0.482%. Our findings are crucial for those responsible for implementing energy policies and environmental regulations.

Keywords: Natural resources development consumption; Green finance; CO2 emissions; China; TVP (VAR) model; DID (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:83:y:2023:i:c:s0301420723003112

DOI: 10.1016/j.resourpol.2023.103600

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