From Resource curse to digital economy Harmony in selected Belt and Road countries

Lihong Wang, Jinglei Huang and Chunyan Wang

Resources Policy, 2024, vol. 97, issue C

Abstract: This study explores how the digital economy affects the resource curse in Belt and Road Initiative (BRI) countries. Using data from 27 BRI nations (2001–2020) and fixed effect panel data analysis, we find that increased digital access and technology imports reduce resource dependency. Specifically, a 1% rise in computers per 100 inhabitants correlates with a 0.17% decrease in oil rent, indicating digital access aids economic diversification. Conversely, a 1% increase in internet access tariffs leads to a 0.29% rise in oil rent, impeding diversification. Additionally, a 1% increase in ICT goods imports results in a 0.64% decrease in oil rent. Positive coefficients for electricity consumption and population size suggest intensified resource curse effects. We recommend policies to enhance digital accessibility and technology imports, improve electricity infrastructure, and promote renewable energy sources to mitigate the resource curse in BRI countries.

Keywords: Resource curse phenomenon; Digital economy; Oil rent; ICT devices imports; BRI (search for similar items in EconPapers)
JEL-codes: F14 F54 O19 Q32 Q41 Q48 (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/S0301420724006494
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:97:y:2024:i:c:s0301420724006494

DOI: 10.1016/j.resourpol.2024.105282

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 ().