Impact of oil, gold, and energy prices on resources footprint: Evaluating the role of digital governance and financial development

Xueqin Dong, Dongdong Dong and Qing Yu

Resources Policy, 2024, vol. 92, issue C

Abstract: The exploitation of resources and excessive energy usage resulting from increasing industrialization are causing the deterioration of environmental sustainability, particularly in the BRICS region. Given this, we explore the linkages among energy price (oil, natural gas, gasoline), gold prices, digital governance, financial development and ecological footprints from 2003 to 2022. It applies Cross-sectional Autoregressive Distributed Lag (CS-ARDL) to address cross-sectional dependence and slope heterogeneity across variables and panels. The long-run estimates reveal that an increase in oil, natural gas, and gasoline prices negatively impacts the ecological footprints, implying that higher energy costs may lower these footprints through a reduction in demand. Similarly, digital governance lowers ecological footprints amid higher efficiency in government processes and systems. In contrast, financial development and gold prices are positively associated with ecological footprints. Similar findings are also supported by the Augmented Mean Group estimator and offer relevant policies.

Keywords: Oil prices; Gas prices; Mineral prices; Digital governance; Financial development; Ecological footprints (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420724003684
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:92:y:2024:i:c:s0301420724003684

DOI: 10.1016/j.resourpol.2024.105001

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().