Resources Policy最新文献

{"title":"Conditions for sustainable platinum mining: Insights from artisanal and small-scale mining in Colombia","authors":"Juan Sebastián Lara-Rodríguez ,&nbsp;Morgane M.C. Fritz","doi":"10.1016/j.resourpol.2025.105487","DOIUrl":"10.1016/j.resourpol.2025.105487","url":null,"abstract":"<div><div>This article examines the necessary conditions for sustainable artisanal and small-scale Platinum mining (ASPM) in Colombia as a critical raw material (CRM). Hypothesising the environmental, social, economic and institutional dimensions based upon the Sustainable Development Goals (SDGs) frame, we employ generalised and ordinary least squares to analyse variables within each dimension that impact on ASPM. Through legal instruments, namely, Right to Petition and Constitutional Right Enforcement, we gathered comprehensive data from mining authorities regarding extraction, formalisation and miner registration across 1122 municipalities throughout the 2010s. Our findings reveal multifaceted associations across dimensions: in environment, whilst illegal gold mining shows a positive causal effect on ASPM, coca cultivation displays varying impacts. In the social dimension, higher multidimensional poverty has a significant positive effect on platinum extraction, while violence exhibits a negative causal bond. In the economic dimension, both infrastructure improvements and rural technological progress have significant negative effects on ASPM activity. In the institutional pillar, higher corruption levels show a positive causal link with extraction, whilst armed illegal groups display divergent effects - FARC-EP rebels relate negatively to production, while paramilitary presence connects positively. These findings underscore that sustainable ASPM requires coordinated interventions: strengthening environmental enforcement, addressing poverty whilst improving security, developing infrastructure and rural technification for formalisation, and implementing anticorruption measures alongside peacebuilding efforts. Indeed, we posit some multi-stakeholder actions towards these ends. This case could enhance both local development and global CRMs supply diversification originating from artisanal and small-scale mining (ASM).</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105487"},"PeriodicalIF":10.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Toward sustainable development: Unfolding the nexus among exports, foreign direct investment, capital formation, natural resource rent, unemployment, and low-carbon transition in Morocco","authors":"Muhammad Ikram,&nbsp;Rabie Nahdi","doi":"10.1016/j.resourpol.2025.105490","DOIUrl":"10.1016/j.resourpol.2025.105490","url":null,"abstract":"<div><div>Morocco faces the challenge of balancing industrial growth with environmental sustainability, as increasing economic activities have led to rising CO₂ emissions. Understanding how key economic factors contribute to mitigating this challenge is essential for achieving sustainable development. Therefore, this study aims to explore the nexus between exports of goods and services, foreign direct investment (FDI), gross capital formation, total natural resource rent, unemployment, and low-carbon transition in Morocco, with a focus on their role in sustainable development. We developed a comprehensive framework to investigate the impact of these variables on low-carbon development via novel mathematical models such as grey relational analysis (GRA) and the grey technique for order of preference by similarity to ideal solution (TOPSIS). The analysis draws on data covering the period from 2000 to 2022. The results reveal that exports of goods and services play a pivotal role, contributing significantly to CO₂ emissions and serving as a key indicator of industrial growth, followed by foreign direct investments, which have a weight of 0.580. This study offers actionable insights for decision-makers, businesses, governments, and policymakers, encouraging a shift toward green production in manufacturing exports to reduce CO₂ emissions and promote sustainable development in Morocco.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105490"},"PeriodicalIF":10.2,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"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 ,&nbsp;Usama Awan ,&nbsp;Abdelmohsen A. Nassani ,&nbsp;Khalid M. Al-Aiban ,&nbsp;Khalid Zaman","doi":"10.1016/j.resourpol.2024.105451","DOIUrl":"10.1016/j.resourpol.2024.105451","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":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143092731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Digitization of the mining industry: Pathways to sustainability through enabling technologies","authors":"Chinmayee Chatterjee ,&nbsp;Rahul Sindhwani ,&nbsp;Sachin Kumar Mangla ,&nbsp;Nitasha Hasteer","doi":"10.1016/j.resourpol.2024.105450","DOIUrl":"10.1016/j.resourpol.2024.105450","url":null,"abstract":"<div><div>Mining is one of the biggest industries in terms of product generation and revenue earned, and is deemed as the lifeline for countries around the world. However, in current times, it is ridden with several problems right from environmental threats to the slow turnover and throughput rate of production it offers. As a result, the demand of digitization and advancement of the mining process emerges so as to improve efficiency. With so many technological breakthroughs, there exists a need to realize what technologies are best suited for the development of a more sustainable mining industry. This study aims to recognize the enabling technologies for digitization of the mining processes using a three-step novel methodology. The findings indicate that sustainability is the most important criterion while big data analytics, machine learning, autonomous vehicles and artificial intelligence are most important technologies that enables digitization of the mining processes for sustainable mining.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105450"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097619","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Political Economy of local content policy: The Brazilian Oil Industry in the 21st century","authors":"Beni Trojbicz ,&nbsp;Mariane Santos Françoso","doi":"10.1016/j.resourpol.2024.105430","DOIUrl":"10.1016/j.resourpol.2024.105430","url":null,"abstract":"<div><div>This study used a Political Economy framework to analyze the political dynamics underlying the design of Local Content Policies (LCPs) and the interaction between technical and political factors in shaping policy guidelines in Brazil from 2003 to 2017. Using a case study, we drew up in-depth interviews, document analysis, and quantitative data to understand the roles of diverse stakeholders in the LCP design process. LCPs are commonly implemented by resource-rich countries to stimulate economic development. The Brazilian oil and gas industry has significantly increased in the early twenty-first century following significant hydrocarbon reserves found in the Continental Shelf. Consequently, LCPs were introduced to maximize the economic benefits of hydrocarbon exploration. However, corruption scandals and corporate bankruptcies negatively affected these policies. Our analysis showed that LCPs faced design failures and inconsistencies over time due to the dominance of vested interests over fundamental technical considerations. Furthermore, ideological shifts within the government intensified policy instability. This study contributes to the discussion on industrial policy design by highlighting the complexities and challenges that undermine the effective implementation of LCP objectives.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105430"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143141129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Revealing the role of institutional quality and geopolitical risk in natural resources curse hypothesis","authors":"Changwoo Chung ,&nbsp;Taeyoung Jin","doi":"10.1016/j.resourpol.2024.105457","DOIUrl":"10.1016/j.resourpol.2024.105457","url":null,"abstract":"<div><div>This study investigates the resource curse hypothesis, focusing on the roles of institutional quality and geopolitical risk. Using panel data from 43 countries between 1990 and 2022, we employ robust econometric methods, including the Panel Corrected Standard Error (PCSE) estimator and quantile regression, to test three hypotheses: (1) the resource curse varies by resource type, (2) institutional quality and geopolitical risk act as mediating factors, and (3) the resource curse's impact differs by a country's economic development stage. Our findings reveal that oil, mineral, and forest rents negatively impact economic growth, with institutional quality partially mediating these effects. Conversely, natural gas rent supports the resource blessing hypothesis through the fully mediating effect of institutional quality, while coal rent boosts economic growth but reduces institutional quality. The resource curse behavior varies across economic development. These findings highlight the complex interactions between resource types, institutional quality, geopolitical risk, and economic growth, suggesting that policy improvements in institutional quality can transform resource curses into blessings. The study contributes to the literature by providing new insights into the pathways through which natural resources affect economic growth and offers valuable policy implications for resource-rich countries aiming for sustainable development.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105457"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Using metals to hedge carbon emission allowances – Tail-risk and Omega ratio analysis","authors":"Dejan Živkov ,&nbsp;Boris Kuzman ,&nbsp;Miloš Japundžić","doi":"10.1016/j.resourpol.2024.105447","DOIUrl":"10.1016/j.resourpol.2024.105447","url":null,"abstract":"<div><div>In recent years, carbon allowances have experienced significant volatility as a mechanism for reducing CO2 emissions. This study constructs two five-asset portfolios that include carbon emission allowances and various metals, to evaluate which portfolio offers lower exposure to extreme risk and a more favourable return-to-risk profile. Extreme risk is assessed using several parametric VaR models, such as the traditional normal VaR, two non-normal models (logistic and hyper-secant), and the CVaR model. The Omega ratio is utilized to gauge performance in terms of return-to-risk. The portfolios are constructed for both pre-crisis and crisis periods. The similarities in the structure of the constructed VaR portfolios suggest that different objective functions have a limited impact on portfolio design. However, the selection of the VaR model does affect the estimated downside risk, which is crucial for the accuracy of the model and effective extreme risk assessment. Both portfolios function as effective hedges for carbon allowances, achieving a reduction in extreme risk of over 60% during both periods. Nevertheless, the precious metals portfolio, dominated by gold, outperforms the industrial metals portfolio. Analysis of the Omega ratio shows that the precious metals portfolio consistently provides better risk-adjusted returns at all threshold levels, indicating that investors can enhance their returns by combining carbon allowances with precious metals. This outperformance is largely attributed to the significantly lower risk of gold compared to other metal commodities. The results may provide essential guidance for investors and decision-makers alike.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105447"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143092733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Transition in the mining industry with green energy: Economic dynamics in mining demand","authors":"Omkar Hirlekar ,&nbsp;Ashutosh Kolte ,&nbsp;Laszlo Vasa","doi":"10.1016/j.resourpol.2024.105409","DOIUrl":"10.1016/j.resourpol.2024.105409","url":null,"abstract":"<div><div>This paper examines transformation of the mining industry in the Global South due to the rising demand for electric vehicles (EVs), which is a part of disruptive green technologies. South Africa &amp; Democratic Republic of the Congo (DRC) are two important suppliers of critical minerals like cobalt, nickel, lithium, copper. This research tries to explore economic dynamics of mineral extraction and green transport. Using quantitative regression analysis, this paper tries to find the relationship between demand for EVs and its economic impact on mining industry's overall sales. The analysis has shown impact of critical minerals &amp; mining sale and how disruptive technology like Evs are affecting mineral-rich countries sustainable mining. This paper is trying to shows some light on economic importance of critical minerals in transition of mining industry due to green vehicles or Evs. The association between the emerging green technology and the mining sector. The study focuses on nations in the Global South that have substantial control over the supply chain of essential minerals used in electric car batteries. The main objective of this study is to conduct an academic investigation of the many implications of green transport on the mining sector in the Global South.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105409"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How to manage a multifactor-driven crude oil market more effectively? A revisit based on the multiple criteria perspective","authors":"Yue Yu ,&nbsp;Jianzhou Wang ,&nbsp;He Jiang ,&nbsp;Haiyan Lu","doi":"10.1016/j.resourpol.2024.105446","DOIUrl":"10.1016/j.resourpol.2024.105446","url":null,"abstract":"<div><div>With the complexity of the international crude oil market deepening, it is of profound significance for information recipients and actors to clarify the operation mechanism of the multi-factor-driven international crude oil market, grasp its crucial drivers, and establish a reasonable and effective analysis and early warning system. This paper reviewed the results of existing studies and proposed a collection of daily frequency proxies from five perspectives based on the principles of plurality, completeness and rationality. What's more, a three-dimensional assessment strategy was also developed based on causality, predictability, and necessity, which complemented and extended existing methodologies and findings on crude oil market drivers and theoretically quantified the economic and statistical properties of various proxies. After that, the most critical agents were extracted by relying on the logic of multi-criteria decision-making, which solved the problem of scattered attention in the analysis of the crude oil market. Finally, based on machine learning and artificial intelligence, a hybrid forecasting model that blended key driving agents with both error accuracy, as well as directional accuracy, was constructed. Taking Brent crude oil, the benchmark for more than two-thirds of the world's crude oil, as an example, the findings verified the importance and necessity of correctly grasping the key drivers and confirmed that this study can provide a more scientifically sound research methodology and theoretical basis for crude oil market analysis and early warning based on limited attention.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105446"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097617","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Post-restructuring productivity of the Polish hard coal mining industry. Does it create an opportunity for survival or a threat of closure?","authors":"Izabela Jonek-Kowalska ,&nbsp;Wieslaw Grebski","doi":"10.1016/j.resourpol.2024.105456","DOIUrl":"10.1016/j.resourpol.2024.105456","url":null,"abstract":"<div><div>Decarbonization and the ban on public aid for mining companies have intensified the threat of liquidation for the Polish hard coal mining industry. Nevertheless, liquidation of hard coal mining has resulted in a significant decrease in Poland's energy security. Therefore, resolving the dilemma of survival or liquidation may depend mainly on economic conditions related to productivity and efficiency. Considering the aforementioned circumstances, this study aims to assess productivity and its determinants in the Polish hard coal mining industry from 2018 to 2023, that is, after the liquidation of permanently unprofitable mines following the recommendations of the European Union and its decarbonization policy. The study conducts an assessment of labor productivity and efficiency, as well as trend and dynamics analyses to identify the changes in employment, production, and remuneration. The results indicate lack of efficiency and productivity effects of the restructuring (average annual rate of change in the work productivity is −2.81%). Employment declines extremely slowly, and the reduction is inconsistent, while remuneration increases rapidly (over 10% annually and constitutes 38–89% of the price of 1 ton of coal) at an above-inflation rate. These observations imply an accelerated path toward the liquidation of hard coal mining in Poland. Changing such a pessimistic scenario would require a radical improvement in productivity and efficiency, which seems unlikely under the prevailing economic and geological conditions. The study contributes to the analysis of the mining industry by presenting the microeconomic (neither holistic nor econometric) approach. Furthermore, it identifies the determinants of mining productivity in emerging and developing economies. Additionally, this study draws attention to the threats to the industry resulting from ineffective restructuring activities and the separation of mining companies' operating principles from economic conditions. These are important implications for the less frequently discussed issue of mining enterprise productivity.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"100 ","pages":"Article 105456"},"PeriodicalIF":10.2,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097621","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}