Enhancing sustainable growth in the global south: The role of mineral resource management, supply chain efficiency, technology advancement, and local downstream processing

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2025-01-01 DOI:10.1016/j.resourpol.2024.105451

Zhongwen Chen , Usama Awan , Abdelmohsen A. Nassani , Khalid M. Al-Aiban , Khalid Zaman

{"title":"Enhancing sustainable growth in the global south: The role of mineral resource management, supply chain efficiency, technology advancement, and local downstream processing","authors":"Zhongwen Chen , Usama Awan , Abdelmohsen A. Nassani , Khalid M. Al-Aiban , Khalid Zaman","doi":"10.1016/j.resourpol.2024.105451","DOIUrl":null,"url":null,"abstract":"<div><div>Achieving sustainable economic development is a prevalent challenge faced by mineral-rich countries in the Global South. The study examines the role of mineral resource rents, government regulatory quality, technological advancement, local downstream processing, supply chain efficiency, and environmental sustainability in fostering regional development in a panel of 10 rich mineral resource-endowed countries of the Global South. Panel data from 2000 to 2022 are utilized for analysis. The study employs a panel ARDL-Bounds testing approach for parameter estimation. Results indicate that, in the long run, mineral resource rents positively boost regional economic growth, supporting the ‘Resource Blessing Hypothesis’. Conversely, a lack of technological innovation decreases regional economic growth, though it has a positive effect in the short run. Both local downstream processing and environmental sustainability have a positive impact on fostering regional growth in both the short and long run. Supply chain efficiency decreases regional growth in the short run but has a positive effect in the long run. The study concluded that sustainable practices and balanced technology strategies are essential to long-term economic prosperity.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105451"},"PeriodicalIF":10.2000,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Resources Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301420724008183","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}

引用次数: 0

Abstract

Achieving sustainable economic development is a prevalent challenge faced by mineral-rich countries in the Global South. The study examines the role of mineral resource rents, government regulatory quality, technological advancement, local downstream processing, supply chain efficiency, and environmental sustainability in fostering regional development in a panel of 10 rich mineral resource-endowed countries of the Global South. Panel data from 2000 to 2022 are utilized for analysis. The study employs a panel ARDL-Bounds testing approach for parameter estimation. Results indicate that, in the long run, mineral resource rents positively boost regional economic growth, supporting the ‘Resource Blessing Hypothesis’. Conversely, a lack of technological innovation decreases regional economic growth, though it has a positive effect in the short run. Both local downstream processing and environmental sustainability have a positive impact on fostering regional growth in both the short and long run. Supply chain efficiency decreases regional growth in the short run but has a positive effect in the long run. The study concluded that sustainable practices and balanced technology strategies are essential to long-term economic prosperity.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.