Gold mining, corporate business management, and green growth in Asia

Zhihua Zhao and Zhenjiang Xing

Resources Policy, 2024, vol. 89, issue C

Abstract: This research delves into the impact of green growth and governance on gold mining in 17 major countries spanning the years 2000–2021. A 1% increase in the green growth index correlates with a 0.13% reduction in gold extraction, attributed to the adoption of sustainable practices and resource-efficient technologies. Similarly, a 1% uptick in the green governance index results in a significant 0.52% decrease in gold extraction. The study underscores that while increased investment in research and development (R&D) and patent applications contributes to higher extraction rates, relying solely on innovation may pose sustainability challenges. Policy recommendations advocate for prioritizing green growth, supporting eco-friendly startups, fostering innovation, establishing a green finance market, enhancing sustainable governance, and integrating green taxation into the gold mining sector.

Keywords: Gold mining industry; Green economic growth; Corporate governance; Panel data (search for similar items in EconPapers)
JEL-codes: C33 G38 L72 Q31 Q56 (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:s0301420724000448

DOI: 10.1016/j.resourpol.2024.104677

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