China's green development journey through resource rent optimization and green finance policies

Xiajing Dai and Junjie Zhang

Resources Policy, 2024, vol. 90, issue C

Abstract: This study delves into the intricate dynamics shaping China's green development, focusing on green finance, resource rent, and key factors spanning 1988 to 2021. The findings underscore green finance as a potent driver, exhibiting a substantial positive correlation with sustainable development in both short and long terms. Well-managed resource rent also demonstrates enduring positive impacts. In a comparative analysis, green finance emerges as a more influential factor than resource rent, emphasizing the crucial role of tailored financial mechanisms. Challenges posed by conventional Foreign Direct Investment (FDI), Gross Domestic Product (GDP), and economic uncertainty emphasize the necessity for targeted policies that promote green investments and sustainable economic growth. The transformative influence of digitalization, exemplified by Internet broadband subscriptions, underscores its critical role in enhancing efficiency and fostering sustainable technologies. Policy implications stress the importance of prioritizing green finance and optimizing resource rent, encouraging green initiatives, and investing in technological advancements.

Keywords: Resource rent; Green finance; Sustainable development; Resource management; China (search for similar items in EconPapers)
JEL-codes: G23 O44 Q32 Q38 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001351

DOI: 10.1016/j.resourpol.2024.104768

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