Effects of economic complexity and metallic mineral resources on renewable energy transition in developing countries

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2025-02-20 DOI:10.1016/j.resourpol.2025.105512

Marco Túlio Dinali Viglioni , Cristina Lelis Leal Calegario , Nádia Campos Pereira Bruhn

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引用次数: 0

Abstract

Metallic minerals are essential for the transition to renewable energy that is required to mitigate climate change by reducing carbon dioxide (CO₂) emissions. However, many developing countries exhibit relatively low levels of economic complexity, particularly in terms of their technological capabilities, which may pose a significant challenge to renewable energy projects. In this study, we investigate the effects of economic complexity and metallic minerals on renewable energy consumption. We investigate a panel dataset of 77 developing countries from 1995 to 2021 using multiple robust techniques, including feasible generalized least squares (FGLS), fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), canonical co-integrating regression (CCR), two-stage least squares (2SLS-IV) estimators and Dumitrescu–Hurlin causality analysis. The results indicate a negative relationship between mineral resources and renewable energy consumption. The results further suggest that economic complexity negatively affects clean energy production. Despite this, the robustness estimates confirm the positive moderating effect of economic complexity on mineral resources and renewable energy. These results have significant policy implications and underscore the need to explore the true potential of mineral resources in developing economies. This research calls for policymakers to focus on the economic complexity of their economies to escape the resource curse paradox and unlock the full potential of metallic minerals for transitioning to cleaner energy sources.

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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.