Efficiency in the markets for natural resources as a force for economic revolution

Huang Huafang

Resources Policy, 2024, vol. 89, issue C

Abstract: This study investigates how efficiency in the markets for natural resources might spark an economic revolution. The research aims to test the nexus among green digital efficiency, natural resources and economic revolution in ASEAN economies. The study obtained quantitative data from 2010 to 2018 and applied the persistence-based Kalman methodology to estimate the findings. Using the concepts from foundational works, the study explores how economic revolution might be propelled by resource allocation and utilization optimization. Effective markets for natural resources boost output, encourage creativity, and drive long-term, steady economic expansion. We illustrate the relationship between market efficiency and economic revolution using case studies and actual data, highlighting the influence of policies and technology developments on these dynamics. The results emphasize how important it is to set up laws and technology advancements that support effective resource markets and unleash their revolutionary potential to drive economic growth in the modern world.

Keywords: Efficiency; Natural resource; Economic revolution; Environmental (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723013144

DOI: 10.1016/j.resourpol.2023.104603

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