Evaluation of relationship between nonmetallic mineral resources production and sustainable development

Xuhui Wei, Wen Su and Chaofei Du

Resources Policy, 2024, vol. 88, issue C

Abstract: This research delves into the repercussions of nonmetallic resource production on sustainability across 23 Asian economies from 2000 to 2021, employing the ARDL (Autoregressive Distributed Lag) technique. A 1% upswing in nonmetallic resource production triggers a transient 0.04% decline in sustainability, followed by a durable 0.14% upturn. Immediate effects stem from environmental resource strain, while prolonged impacts signify economic and technological growth, fostering sustainability. The Consumer Price Index (CPI) detrimentally influences sustainability by diminishing purchasing power, whereas trade openness positively contributes by facilitating technology transfer. The limited role of patent applications in promoting sustainability underscores the necessity for advancements in green patents. Initially, GDP per capita has a negative impact, but it transitions to positive in the long run, indicating a connection between income growth and sustainability. Income levels significantly influence short-term sustainability impact, particularly in lower-income countries. Policymakers are advised to prioritize efficiency, circular economy practices, green financial instruments, and sustainable corporate management to bolster sustainability in nonmetallic resource production.

Keywords: Nonmetallic mineral resource production; Sustainable development; Environmental impact; Asian countries (search for similar items in EconPapers)
JEL-codes: O13 O53 Q32 Q50 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:88:y:2024:i:c:s030142072301139x

DOI: 10.1016/j.resourpol.2023.104428

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