The existing literature lacks empirical nexus of natural resources tax (TNRT) volatility and economic performance. Also, the digital economy is currently a hot issue among researchers and ...policy-makers. Therefore, the current study investigates TNRT volatility and economic performance – while adopting the role of digital economy (DEE), financial development (FD), technological innovation (TI), research and development expenditures (RDE). This study examines 30 Chinese provinces covering the period from 2006 to 2017. Using the panel quantile regression, this study explores that TNRT volatility, DEE, FD, and TI significantly increase economic performance in all the quantiles (Q0.25, Q0.50, Q0.75). However, RDE is found positive and significant only in Q0.25, Q0.50, while insignificant in Q0.75. The findings of quantile regression are robust, as confirmed by the panel dynamic ordinary least square (DOLS). Besides, the Dumitrescu and Hurlin (2012) Granger panel causality test unveil a bidirectional causal nexus between TNRT, FD, TI, RDE and economic performance, while no causal nexus is detected between DEE and economic performance. This study recommends adopting and enhancing the digital economy, financial development, technological innovation, and research and development.
•Natural Resources Tax Volatility and Economic Performance are investigated.•Considers the role of digital economy, financial development and innovation.•Panel quantile regression and causality tests are utilized.•Total natural resources and all other variables promote economic performance.•Bidirectional causality exists between economic performance and variables.
Recently, energy transition is an essential element for global development and needs the attention of recent researchers and policymakers. Thus, the present research investigates the impact of ...natural resources (total natural resources rent and natural gas rent) and economic factors (energy import, economic growth, and population growth) on the energy transition in China. Secondary data were collected from world development indicators (WDI) from 1971 to 2019. The Augmented Dickey-Fuller (ADF) test, Phillips–Perron (PP) test, Kwiatkowski–Phillips–Schmidt–Shin (KPSS) and “zivot-andrews structural break unit root” test was also utilized to check for stationarity among the autoregressive distributed lag model (ARDL) along with the error correction model (ECM) were used to examine the relationships between constructs. The results found that natural resources (total natural resources rent and natural gas rent) and economic factors (energy import, economic growth, and population growth) have a positive association with energy transition in China. The study concluded that energy transition is the essential requirement due to high usage of natural resources and high economic development. These results are helpful for energy sector regulators when formulating the rules and regulations related to energy transition in the country.
•Energy transition is the necessary element for high global development and control over environmental degradation globally.•The usage of natural resources leads towards the energy transition.•The economic factors such as economic growth, population growth and energy import also force the energy transition due to high carbon emission.•The regulators must provide the effective policies regarding implementation of energy transition worldwide.
The determinants of natural resources rents have been extensively analyzed in the resources economics and policy literature; however, the role of geopolitical risk and uncertainty in rents remains ...unexplored. Given that these indicators are rather volatile and thus important to discover for developing countries which own a large portion of natural resources in the world, this study aims to examine the effects of geopolitical risk and economic policy uncertainty on natural resources rents in a group of developing economies by applying the novel panel quantile estimation technique on the panel data over 1985–2018. The empirical results suggest that geopolitical risk has a negative impact on the natural resources rents for all quantiles while economic growth increases natural resources rents across middle-and-high quantiles. In contrast, the influence of economic policy uncertainty on resources rents varies across the quantiles. The uncertainty increases natural resources rents in low quantiles and decreases rents in high quantiles. Thus, quantile regression results reveal heterogeneous impacts of the selected main determinants of natural resources rents. Important policy implications are further discussed in the study.
•The effects of geopolitical risk and economic policy uncertainty on rents are analyzed.•The panel of developing countries are chosen as a sample group.•The panel quantile regression is employed for empirical estimation.•Geopolitical risk decreases natural resources rents for all quantiles.
This study aims to empirically explore the long-run and causality relationship between energy consumption, oil rent, total natural resources rent, economic growth, and CO2 emission for a top ...oil-exporting country (Saudi Arabia). In this study, we rely on the modified Wald test of Toda-Yamamoto methodology to investigate the direction of causality between the highlighted variables between 1971 and 2016 on an annual frequency. The empirical result shows a long-run equilibrium relationship between the variables as outlined by Pesaran Bounds test. The long-run regression validates the energy-induced environmental pollution as seen where a 1% increase in energy consumption depletes environment by 0.360% and 0.983% in both short and long-run periods, respectively. Similarly, there is increased economic growth-induced environment degradation by 0.952% and 0.625% in both the short and long-run period, respectively, over the sampled period. Furthermore, a significant positive nexus is seen between the country's' total natural resource rent and CO2 emissions in both the short and long run. This suggests the over-reliance on natural resource rent affects environmental sustainability in Saudi Arabia if conservation and management options are neglected. Interestingly, oil rent shows evidence to dampen the effect of environmental degradation in Saudi Arabia. In the causality analysis, a feedback relationship is seen between energy consumption and economic growth while one-way causality is observed between energy consumption and CO2 emission; similar unidirectional causality is seen between oil rent and CO2 emission. These outlined results have environmental implications for policy makers and practitioners to present a macroeconomic blueprint, as we see energy conservative agenda will hurt economic progress in Saudi Arabia. However, given increase, energy consumption increases economic growth and its environmental implications call for sustainable and green energy sources, such as renewables, in Saudi Arabia's energy mix. More insights and policy direction are highlighted in the concluding section.
•This study explores Saudi Arabia's energy-environment growth nexus.•There exists a long run equilibrium relationship between study variables.•One-way causality is seen between energy consumption and CO2 emission.•An increase in GDP growth by 1% increases CO2 emission in Saudi Arabia.•A trade-off nexus between environmental quality and economic development.
Using an extended Kaya decomposition, we identify the drivers of long-run CO2 emissions since 1800 for Denmark, France, Germany, Italy, the Netherlands, Portugal, Spain, Sweden, the UK, the United ...States, Canada and Japan. By considering biomass and carbon-free energy sources along with fossil fuels, we are able to shed light on the effects of past and present energy transitions on CO2 emissions. We find that at low levels of income per capita, fuel switching from biomass to fossil fuels is the main contributing factor to emissions growth. As income levels increase, scale effects, especially income effects, become dominant. Technological change proves to be the main offsetting factor in the long run. Particularly in the last decades, technological change and fuel switching have become important contributors to the decrease in emissions in Europe. Our results also contrast the differentiated historical paths of CO2 emissions taken by these countries.
•We study the long-run drivers of CO2 emissions in twelve developed economies.•We use novel data and apply an extended Kaya decomposition.•At low levels of income per capita, fuel switching is usually the main CO2 driver.•Scale effects are most important at higher levels of income and in the long-run.•Technological change is the main offsetting factor in the long-run.
Bioprospecting--the exchange of plants for corporate promises of royalties or community development assistance--has been lauded as a way to develop new medicines while offering southern nations and ...indigenous communities an incentive to preserve their rich biodiversity. But can pharmaceutical profits really advance conservation and indigenous rights? How much should companies pay and to whom? Who stands to gain and lose? The first anthropological study of the practices mobilized in the name and in the shadow of bioprospecting, this book takes us into the unexpected sites where Mexican scientists and American companies venture looking for medicinal plants and local knowledge. Cori Hayden tracks bioprospecting's contentious new promise--and the contradictory activities generated in its name. Focusing on a contract involving Mexico's National Autonomous University, Hayden examines the practices through which researchers, plant vendors, rural collectors, indigenous cooperatives, and other actors put prospecting to work. By paying unique attention to scientific research, she provides a key to understanding which people and plants are included in the promise of "selling biodiversity to save it"--and which are not. And she considers the consequences of linking scientific research and rural "enfranchisement" to the logics of intellectual property. Roving across UN protocols, botanical collecting histories, Mexican nationalist agendas, neoliberal property regimes, and North-South relations, When Nature Goes Public charts the myriad, emergent publics that drive and contest the global market in biodiversity and its futures.
From the economic perspective, China has made remarkable progress, yet, environmental concerns represent an alarm to the country's long-term prosperity. The associated relationship between green ...investment, natural resources, green technology innovation, and economic growth has important implications for the environment. Therefore, the present study attempts to investigate the effect of green investment, natural resources, green technology innovation, and economic growth on the ecological footprint in China. For this purpose, the present study utilized the NARDL approach using data from 2000 to 2018. The findings demonstrate that green investment, natural resources, green technology investment, and economic development have a significant positive short- and long-run relationship with the ecological footprint. As a result, it is directed to China government to raise green investment, a strict regulatory environment for the control of natural resources rent, as well as green technology innovation that enables optimum efficiency with little environmental impact, specifically on ecological footprint.
•The study explored green investment and natural resources on the ecological footprint in China.•The study used the nonlinear technique for analysis.•The result shows green investment and natural resources on the ecological footprint.
Originally conceived to conserve iconic landscapes and wildlife, protected areas are now expected to achieve an increasingly diverse set of conservation, social and economic objectives. The amount of ...land and sea designated as formally protected has markedly increased over the past century, but there is still a major shortfall in political commitments to enhance the coverage and effectiveness of protected areas. Financial support for protected areas is dwarfed by the benefits that they provide, but these returns depend on effective management. A step change involving increased recognition, funding, planning and enforcement is urgently needed if protected areas are going to fulfil their potential.
