Resources management, digitalization and government efficiency for economic output: Exploring the case for the United States

Fuyuan Zhou and Zehua Feng

Resources Policy, 2024, vol. 95, issue C

Abstract: In the rapidly evolving and digitally transforming era, natural resource management is the key concern of policymakers targeting sustained economic growth. Academia's recent trend has mostly covered the environmental (emissions) segment while ignoring economic sustainability. This research tends to investigate the factors influencing economic output while focusing on mineral and oil resources, digitalization, and government effectiveness. This research investigates these parameters in the US during the extended period from 1988 to 2022. The cointegration estimation revealed the presence of a long-run equilibrium association. Using time series cointegration regressions, the study found that natural resources (mineral rents and oil rents) are adversely associated with economic output—validating the resource curse phenomenon in the US. However, government efficiency, digitalization, and renewable energy use have a significant positive influence on economic performance. The interaction term, i.e., digitalization with government effectiveness, mineral rents, and oil rents, has a significant positive impact on the economic output of the selected region. The robustness of the models is tested via the least squares with breaks method. This research recommends the diversification of the resource market, enhancing government efficiency, and improving investment in the digitalization, research and development, and renewable energy sectors.

Keywords: Digitalization; Resource management; Economic output; Renewable energy; Government effectiveness (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:95:y:2024:i:c:s0301420724004781

DOI: 10.1016/j.resourpol.2024.105111

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