Utilizing the resources efficiency: Evidence from the impacts of media industry and digitalization

Yiou Liu, Yang Yu, Yingfei Huang and Weimin Guan

Resources Policy, 2024, vol. 88, issue C

Abstract: This study explores the intricate link between media, cultural industries, and mineral resource efficiency in ten major global CO2 emitters from 2000 to 2020, using the CS-ARDL technique. Key findings indicate that the culture and media sector's value addition positively impacts mineral resource efficiency, particularly in the long term, underscoring the need for sustained efforts in this sector. Financial development shows a positive correlation with mineral resource efficiency, with a 1% increase corresponding to about 0.36% and 0.41% increases in short- and long-term mineral resource efficiency, respectively. Poverty ratios are negatively correlated with mineral resource efficiency, highlighting the importance of addressing poverty to indirectly enhance resource efficiency. The study also demonstrates a positive relationship between ICT development and resource efficiency, showcasing digitalization's role in optimizing resource utilization. Good governance and patent applications are positively linked to mineral resource efficiency, emphasizing transparent governance frameworks and innovation. Policy recommendations for major CO2 emitters include leveraging media for sustainability awareness, poverty alleviation, ICT diffusion, fostering green finance growth, and supporting green patent development.

Keywords: Mineral resource efficiency; Resource conservation; Media industry; Global CO2 emitters; Panel data (search for similar items in EconPapers)
JEL-codes: C33 L82 Q24 Q32 Q54 (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/S0301420723010577
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:88:y:2024:i:c:s0301420723010577

DOI: 10.1016/j.resourpol.2023.104346

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 ().