Oil extraction, private investment, and sustainable economic development in China

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2025-02-01 DOI:10.1016/j.resourpol.2024.105438

Ting Su, Hui Zhang, Rhee Kyonggu

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引用次数: 0

Abstract

This study uses time series analysis of ARDL from 1985 to 2022 to evaluate the impacts of oil extraction volume and Private Participation in Infrastructure (PPI) on China's sustainable economic development. It finds that a 1% increase in oil extraction volume leads to a 0.54% reduction in sustainability in the short term and a 0.41% reduction in the long term. The short-term impact is more pronounced due to immediate environmental costs, though it lessens over time with improved technology and regulations. PPI investments show an insignificant effect on sustainability, likely due to their indirect impact and varying quality. Increased digital device production positively influences sustainability in both the short and long term, while income inequality (GINI index) negatively affects it. In contrast, Small and Medium-sized Enterprises (SMEs) boost sustainability through local economic growth and innovation. Policy recommendations include stricter environmental regulations for oil extraction, promoting digital finance for private investment, tax incentives for green projects, and enhanced ESG reporting.

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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.