Natural resources and economic performance: Understanding the volatilities caused by financial, political and economic risk in the context of China

Jingling Zheng, Zeyun Li, Wafa Ghardallou and Xuecheng Wei

Resources Policy, 2023, vol. 84, issue C

Abstract: China has seen its Economic Performance (EPRF) surge in recent years. However, it is in the interests of all the different stakeholders to a sustainable EPRF that does not strain the environment. Therefore, for multiple reasons, identifying factors that can disrupt their EPRF is of utmost importance. Hence, this research is focused on identifying the factors which can cause disruptions to the EPRF of China. This research uses bootstrap ARDL to investigate the empirical research to determine the relationship between Natural Resources (NTR), Political Risks (PRSK), Financial Risks (FRSK), and Economic risks (ERSK) on EPRF in the context of China. For this, the collected data comprised observations from 2005 to 2021. The relationship of NTR is found to be positive, whereas all three risks were found to have negative relationships with EPRF. Based on the findings, the first and foremost implication would be the stability of the economy, whereby there is a need to improve operational excellence by enhancing the production productivity by which the consumption efficiency of NTR will be improved.

Keywords: Natural resources; Economic performance; Financial risk; Political risk; Economic risk; China; BARDL (search for similar items in EconPapers)
Date: 2023
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:84:y:2023:i:c:s0301420723004087

DOI: 10.1016/j.resourpol.2023.103697

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