Resources PolicyPub Date : 2024-11-06DOI: 10.1016/j.resourpol.2024.105385
Mahboubeh Jafari
{"title":"Uncertainty and entrepreneurship in oil-rich developing countries: Does institution matter?","authors":"Mahboubeh Jafari","doi":"10.1016/j.resourpol.2024.105385","DOIUrl":"10.1016/j.resourpol.2024.105385","url":null,"abstract":"<div><div>This paper aims to investigate how institutional quality can influence the relationship between uncertainty and entrepreneurial activities in a sample of 20 oil-rich developing countries. The World Uncertainty Index (WUI) is employed as the indicator for uncertainty. To mitigate endogeneity issues, we employ a series of panel data models estimated using the Generalized Method of Moments (GMM). We find a higher level of WUI is negatively associated with the new business formation. Furthermore, our findings underscore the vital role of institutional quality in moderating the adverse effects of uncertainty on entrepreneurship. These results remain consistent across various measurements of institutional quality, uncertainty, and new business formation. Additionally, the estimation results confirm the existence of the oil curse hypothesis. The results of this research offer valuable insights for both policy development and management practices.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105385"},"PeriodicalIF":10.2,"publicationDate":"2024-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142593068","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}
Resources PolicyPub Date : 2024-11-05DOI: 10.1016/j.resourpol.2024.105365
Zhang Shuo , Xi laiwang , Gao Junjun
{"title":"Impact of natural resource rents on global trade dynamics in RCEP: Economic and geopolitical interdependencies","authors":"Zhang Shuo , Xi laiwang , Gao Junjun","doi":"10.1016/j.resourpol.2024.105365","DOIUrl":"10.1016/j.resourpol.2024.105365","url":null,"abstract":"<div><div>This research analyzes the impact of natural resource revenues on global economic trends in the RCEP countries, emphasizing the importance of resource exploitation in the financial development process. The work explores complex interdependencies between resource extraction, geopolitical risk, economic environment, and trade relationships. Energy efficiency, geopolitical risk, and GDP are the control variables. These findings highlight the importance of natural resource rents, GDP, geopolitical risk, and energy conservation on the trade structure of the RCEP trading partners. Quantile regression studies show the negative effect of oil revenues on world trade, thus providing evidence of the multifaceted link between natural resource earnings and trade outcomes. The findings underscore the significance of policymakers and businesses understanding these interrelated links and their implications for global trade relations. The report offers policy directions for RCEP countries to foster sustainable economic development and enhance export competitiveness. These recommendations aim to further the resource sector's growth, financial infrastructure, and managing geopolitical risks.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105365"},"PeriodicalIF":10.2,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142587132","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}
Resources PolicyPub Date : 2024-11-05DOI: 10.1016/j.resourpol.2024.105398
Kirtiranjan Das , Manoranjan Sahoo , Sarbeswar Mohanty
{"title":"Asymmetric relationship between crude oil price and remittance inflows in a small island economy: Evidence from non-linear ARDL approach","authors":"Kirtiranjan Das , Manoranjan Sahoo , Sarbeswar Mohanty","doi":"10.1016/j.resourpol.2024.105398","DOIUrl":"10.1016/j.resourpol.2024.105398","url":null,"abstract":"<div><div>Sri Lanka's economy heavily depends on remittance inflows to finance its import of essential and intermediate goods. A decline in remittances could severely limit the country's import capacity, affecting overall economic growth and development. This study investigates the impact of crude oil prices on Sri Lankan remittance inflows from 1980 to 2020, while accounting for per capita GDP, financial development, and exchange rates as additional explanatory variables. Employing a nonlinear autoregressive distributed lag (NARDL) model, the analysis reveals significant asymmetric effects of oil price shocks on remittance inflows. In the short run, positive oil price shocks lead to increased remittance inflows, whereas negative shocks reduce them. However, in the long run, both positive and negative oil price shocks have an adverse impact on remittance inflows. Furthermore, changes in per capita GDP, financial development, and exchange rates also play a crucial role in influencing remittance inflows. The findings highlight Sri Lanka's vulnerability to global oil market fluctuations and suggest policy measures to mitigate these risks. Key recommendations include diversifying labor export markets, enhancing financial infrastructure, and reducing dependence on remittance inflows to sustain import capacity and promote long-term economic resilience.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105398"},"PeriodicalIF":10.2,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142587133","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}
引用次数: 0
IF 10.2 2区 经济学
Resources PolicyPub Date : 2024-11-05DOI: 10.1016/j.resourpol.2024.105390
Resources PolicyPub Date : 2024-11-04DOI: 10.1016/j.resourpol.2024.105367
Jonathan Bothner
{"title":"Institutions as a determinant of FDI and the role of natural resources","authors":"Jonathan Bothner","doi":"10.1016/j.resourpol.2024.105367","DOIUrl":"10.1016/j.resourpol.2024.105367","url":null,"abstract":"<div><div>This study examines the link between institutional quality and foreign direct investment (FDI) flows to developing countries. The link is investigated at different levels of host countries’ natural resource endowment. Weak institutions can be expected to attract FDI in natural resource abundant countries since they facilitate rent seeking behavior which is commonly thought to be prevalent in the natural resources sector. However, weak institutions also increase uncertainty, thus discouraging investments involving initial sunk costs as large as they commonly are in the natural resources sector. The aim of this study is to empirically assess how natural resource endowment moderates the effect of institutions on FDI. Using data on 117 developing and emerging countries over the time period 1996–2019, I estimate a dynamic panel model using the system generalized method of moments (GMM) estimator. I find a positive effect of institutional quality on FDI inflows only for countries with relatively high levels of natural resource endowment. The results are significant as they provide evidence for a narrative which is inconsistent with the results of earlier empirical research. They indicate that a higher natural resource endowment increases the importance of institutional quality as a determinant of FDI.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105367"},"PeriodicalIF":10.2,"publicationDate":"2024-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142578195","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}
Resources PolicyPub Date : 2024-11-02DOI: 10.1016/j.resourpol.2024.105386
Xueping Tan , Yiran Zhong , Ziyi Wang , Yong Geng , Shijiang Xiao , Yuquan Zhang , Junxiang Huang
{"title":"Mapping cerium flows in China: A dynamic material flow analysis","authors":"Xueping Tan , Yiran Zhong , Ziyi Wang , Yong Geng , Shijiang Xiao , Yuquan Zhang , Junxiang Huang","doi":"10.1016/j.resourpol.2024.105386","DOIUrl":"10.1016/j.resourpol.2024.105386","url":null,"abstract":"<div><div>Cerium (Ce) is the most abundant and widely used rare earth element (REE). However, its metabolism patterns and domestic demand determinants in both traditional and emerging fields remain unknown in China. This study aims to account for the cerium flows and stocks in China from 2011 to 2020 by employing a dynamic material flow analysis method. Also, the key factors that determine the final domestic demands for cerium are uncovered by using panel regression models. The results show that: (1) there is a growing surplus of Ce-containing primary products in China, which are largely imported from Malaysia and exported to Japan and the United States; (2) cerium is mainly used in traditional fields, but its consumption in both high-tech and green fields is growing rapidly. Technological progress and cerium oxide prices are determinants of cerium final demands in both traditional and emerging fields, but GDP and cerium production only affect the demands for traditional applications significantly; and (3) the in-use stocks and the End-of-Life flows of cerium are fast-growing, and the secondary cerium resource can be mostly collected from polishing powders, automobile catalysts, NiMH batteries, glass additives, and lamps. Based on these major findings and the Chinese realities, this study further proposes several policy recommendations to promote sustainable cerium resource management.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105386"},"PeriodicalIF":10.2,"publicationDate":"2024-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142571311","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":"Sustaining the mining industry through the lens of corporate social responsibility: A review research","authors":"Sanchita Bansal , Shifali Singh , Priya Nangia , Nisha Chanaliya , Dariusz Sala","doi":"10.1016/j.resourpol.2024.105387","DOIUrl":"10.1016/j.resourpol.2024.105387","url":null,"abstract":"","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105387"},"PeriodicalIF":10.2,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142571310","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}
Resources PolicyPub Date : 2024-11-01DOI: 10.1016/j.resourpol.2024.105349
Foudjo Suzie Imelda , Ndikeu Njoya Nabil Aman , Keneck-Massil Joseph
{"title":"Do natural resources influence E-government in developing countries? Effects and transmission channels","authors":"Foudjo Suzie Imelda , Ndikeu Njoya Nabil Aman , Keneck-Massil Joseph","doi":"10.1016/j.resourpol.2024.105349","DOIUrl":"10.1016/j.resourpol.2024.105349","url":null,"abstract":"<div><div>E-government has taken a prominent place in the political and economical debate. Despite the vast non-consensual literature, on the effects of natural resources, very little is known about the effects of these resources on the development of e-government. This study aims to fill this gap by analyzing the effect of natural resources on the development of e-government in a panel of 121 developing countries over the period 2003–2021. Through several empirical approaches, our results show that, on average, natural resource rents negatively affect the development of e-government. Distinguishing between different types of natural resources, we note that the negative effect of natural resources on the development of e-government remains, and the magnitude is more persistent for forestry, gas and oil rents. Furthermore, the mediation analysis suggests that the negative effect of natural resources on the development of e-government is influenced by trust in institutions, the size of the informal sector, corruption, and the quality of telecommunications infrastructures.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"98 ","pages":"Article 105349"},"PeriodicalIF":10.2,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142553546","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}
Resources PolicyPub Date : 2024-11-01DOI: 10.1016/j.resourpol.2024.105376
Hao Chen, Wenfeng Zhang, Xiangting Huang, Xin Wang
{"title":"Estimating the dynamic economic impacts of oil supply disruptions on China: A case study of Malacca Strait block","authors":"Hao Chen, Wenfeng Zhang, Xiangting Huang, Xin Wang","doi":"10.1016/j.resourpol.2024.105376","DOIUrl":"10.1016/j.resourpol.2024.105376","url":null,"abstract":"<div><div>The intensification of geopolitical conflicts necessitates formulating economically effective coping strategies, which requires scientifically understanding the economic losses caused by oil supply disruptions and their evolutionary patterns. However, current assessment results are mostly static and cover direct losses, which are inadequate to fully support the development of disaster prevention measures. Therefore, considering the interdependence across different sectors, we employed a Dynamic Inoperability Input-Output Model to assess the economic impacts of a 20% disruption in oil imports through the Malacca Strait, lasting for 90 days. The main findings are as follows: (1) 2% of a sector's inoperability caused by oil supply disruption will, on average, be transmitted to other sectors due to their interdependencies. (2) The disruption will result in total economic losses of 62.7 billion yuan for China, and 70% of the total economic losses were incurred within the first 30 days. (3) To cope with the adverse economic impacts of oil transport disruption in the Malacca Strait, the optimal range of China's strategic petroleum reserve is 47.91–169.55 million barrels.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"98 ","pages":"Article 105376"},"PeriodicalIF":10.2,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142553548","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}
Resources PolicyPub Date : 2024-10-31DOI: 10.1016/j.resourpol.2024.105377
Lijun Zeng , Wenjing Du , Jinfeng Wang , Weichen Hong , Jinsuo Zhang
{"title":"An evolutionary game analysis of new urbanization in mineral resource abundant regions in China","authors":"Lijun Zeng , Wenjing Du , Jinfeng Wang , Weichen Hong , Jinsuo Zhang","doi":"10.1016/j.resourpol.2024.105377","DOIUrl":"10.1016/j.resourpol.2024.105377","url":null,"abstract":"<div><div>The scientific new urbanization in mineral resource abundant regions (MRARs) in China is not only a guarantee for energy and resource security but also of great significance to realize strong sustainability. However, the new urbanization of MRARs in China is facing a series of difficulties due to the particularity of mineral resources. Therefore, to identify the policy foci of MRARs suitable for different new urbanization paths, this study conducts an evolutionary game analysis to find the urbanization evolution trends of MRARs. First, we established an asymmetric evolutionary game model to study the process of strategy selection between rural and urban residents in MRARs. Second, MATLAB was used to conduct numerical simulation to find the urbanization evolution trends in different types of MRARs. The main findings we obtained are as follows. (1) Environmental carrying capacity has a restrictive effect on the new urbanization in MRARs. (2) Socioeconomic foundations have a fundamental impact on the new urbanization in MRARs. (3) The policy intensity of “people-oriented” has an important influence on the new urbanization in MRARs. (4) Different types of MRARs greatly vary with new urbanization trends. Finally, we proposed some policy recommendations to effectively promote the new urbanization in MRARs.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"99 ","pages":"Article 105377"},"PeriodicalIF":10.2,"publicationDate":"2024-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142561277","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}