Ways to make mineral resource trade flows sustainable

Tongtong Sun, Peng Nie, Xiaoxia Liu and Weiyu Gu

Resources Policy, 2024, vol. 90, issue C

Abstract: The global trade landscape has witnessed a substantial presence of ferrous metal commodities. This study investigates ferrous metal trade dynamics in Central Asia, East Asia and Pacific, and Western Asia from 2000 to 2022 using a panel data analysis. Findings reveal that a 1 % increase in green growth results in a 0.29 % and 0.16 % reduction in fossil fuel consumption in East Asia and Pacific, in the long and short term, respectively. Digitalization exhibits diverse effects, indicating a move towards sustainability in East Asia and Pacific and a positive correlation in other regions. R&D expenditure suggests sustainable practices in East Asia and Pacific, while positive coefficients in Central Asia and Western Asia signify increased ferrous metal trade with rising investments. Urbanization consistently drives ferrous metal demand positively across regions. FDI inflows correlate with heightened trade volume, posing environmental challenges. Policy recommendations include promoting digitalization for green finance in East Asia and Pacific and encouraging green power generation in Central Asia and Western Asia, with an emphasis on sustainability in urban development and corporate practices.

Keywords: Ferrous metal trade; Green economic growth; Digitalization; R&D expenditure (search for similar items in EconPapers)
JEL-codes: F14 L61 O53 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:s0301420724001442

DOI: 10.1016/j.resourpol.2024.104777

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