Resource rent, economic stability and the legal landscape of China's green growth

Qinyao Yu, Xiangbin Zuo, Huanhuan Ding and Xunyang Yin

Resources Policy, 2024, vol. 89, issue C

Abstract: This research employs the autoregressive distributed lag technique to analyze the dynamic effects of economic stability, natural resource rent, and the legal framework on China's green economic growth between 1980 and 2021. The findings indicate that economic risk poses a significant barrier, with a 1% increase correlating with a notable decline in the green growth index, highlighting challenges tied to investment hesitation and sustainability efforts. Conversely, natural resource rent positively contributes to sustainable economic development through effective resource management. Governance indicators, such as the rule of law and transparency, drive green growth, emphasizing the government's role in promoting sustainability with clear legal frameworks. Increased government IT expenditures impede green growth, contributing to environmental degradation. Comparative analysis reveals that transparency and natural resource rent exert more substantial influences on green growth compared to economic uncertainty and the rule of law. Practical policy recommendations include robust risk management, sustainable resource practices, prioritizing good governance, prudent IT expenditure management, and enforcing stringent environmental regulations to mitigate the adverse impacts of automobile and mineral production.

Keywords: Natural resource rent; Economic uncertainty; Legal framework; Green growth; China (search for similar items in EconPapers)
JEL-codes: D81 K40 O53 Q32 Q38 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:s0301420724000710

DOI: 10.1016/j.resourpol.2024.104704

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