Connecting ferrous metal extraction, sustainable urban development, and resource management in diverse economies

Weina Ai, Weiwei Dong and Yajie Liu

Resources Policy, 2024, vol. 90, issue C

Abstract: This paper examines the impact of ferrous metal extraction on sustainable urban development across a diverse panel of 30 Asian economies, encompassing variations in economic structure, income levels, and developmental statuses. Analyzing data from 2010 to 2021, the study reveals a nuanced relationship: a 1% increase in ferrous metal production correlates with a 0.21% rise in sustainable urban development in the short term but results in a nearly 0.43% reduction in the long run, highlighting the trade-off between immediate economic stimulation and enduring environmental consequences. Government health expenditures and green utilities trade emerge as pivotal drivers of sustainable urban development, exhibiting positive impacts over both short and long terms. Conversely, carbon emissions and deforestation impede sustainable urban progress. The comparative analysis underscores the dynamic nature of these impacts, emphasizing the need for balanced strategies. The outcomes suggest critical policy implications, advocating for strategies that balance economic gains and environmental sustainability, prioritize healthcare infrastructure, and incentivize eco-friendly technologies. Rigorous environmental policies, renewable energy investments, and forest conservation measures are crucial for fostering sustainable urban development.

Keywords: Ferrous metal industry; Sustainable urban development; Ferrous metal utilization management; Asian economies (search for similar items in EconPapers)
JEL-codes: L61 L72 Q01 R14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001107

DOI: 10.1016/j.resourpol.2024.104743

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