Role of natural resources utilization efficiency in achieving green economic recovery: Evidence from BRICS countries

被引:173
作者
Zhao, Linhai [1 ]
Rasoulinezhad, Ehsan [2 ]
机构
[1] Huaqiao Univ, Sch Econ & Finance, Quanzhou 362021, Peoples R China
[2] Univ Tehran, Fac World Studies, Tehran, Iran
关键词
COVID-19; Natural resources; Resource utilization efficiency; Green growth; BRICS; Panel data; ERROR-CORRECTION; GROWTH; COINTEGRATION; TESTS;
D O I
10.1016/j.resourpol.2022.103164
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The main goal of this article is to evaluate and analyze the effect of natural resources utilization efficiency on green economic growth in 5 emerging economies (Brazil, Russia, India, China, and South Africa) in the BRICS group. The panel data approach is employed to estimate coefficients by calculating the resource activity coefficient and gathering annual data for 2000-2020. The major results confirm that natural resource utilization efficiency accelerates the green economic growth of BRICS countries. Moreover, the presence of an unidirectional causal linkage from resource utilization efficiency to green economic growth is concluded, meaning that in the short-term, natural resource utilization efficiency can cause green economic growth in BRICS economies. As practical policies, promoting green FDI to increase green technologies transfer, green financing to promote technological innovation, and implementing the principle of 3Rs (Reduce, reuse, recycle) are recommended.
引用
收藏
页数:7
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