The impact of oil and natural gas trading and globalization on natural resources management in China

Ming Fang and Chiu-Lan Chang

Resources Policy, 2023, vol. 86, issue PA

Abstract: The Pandemic outbreak strike global economy like a hurricane. Every single area was hit by COVID-19 including energy market and sector. This major hit not only affected energy prices, investments and demand-supply but also energy other sectors such as oil and gas. Besides, the consistent increase in population growth and surging global economic activities created a huge demand-supply gap in natural resources. On this backdrop, the present study intends to investigates the impact of oil and natural gas trading and globalization on natural resources management in China in the time span of 1985–2021. The researchers check the linkages among oil and natural gas trading, globalization and natural resources management using the dynamic autoregressive distributed lag (DARDL) approach. The outcomes revealed that oil and natural gas trading, globalization, EG, industrialization and inflation have a positive linkage with natural resources management in China. Based on the results, it is suggested that in order to reap greater benefits from natural resources, practitioners are asked to shed light on the need of globalization and human capital development as this way effective natural resources management can be ensured. The study also implies that oil and gas industry is obliged to follow change before its starts loosing energy market share.

Keywords: Oil trading; Natural gas trading; Globalization; Economic growth; Industrialization; Inflation; Natural resources management (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072300939X
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:86:y:2023:i:pa:s030142072300939x

DOI: 10.1016/j.resourpol.2023.104228

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 ().