Resources Policy最新文献_第4页

Quantile time-frequency connectedness and spillovers among financial stress, cryptocurrencies and commodities

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-09 DOI: 10.1016/j.resourpol.2025.105527

Naveed Khan , OlaOluwa S. Yaya , Xuan Vinh Vo , Hassan Zada

{"title":"Quantile time-frequency connectedness and spillovers among financial stress, cryptocurrencies and commodities","authors":"Naveed Khan , OlaOluwa S. Yaya , Xuan Vinh Vo , Hassan Zada","doi":"10.1016/j.resourpol.2025.105527","DOIUrl":"10.1016/j.resourpol.2025.105527","url":null,"abstract":"<div><div>In this paper, we examine the volatility and time-frequency connectedness among the financial stress index (FSI), cryptocurrencies namely, Bitcoin, Ethereum, Tether, BNB, Solana, and commodities namely, Gold, Silver, Copper, Platinum, and Brent Oil, using the quantile vector autoregressive (QVAR) frequency connectedness, wavelet coherence, and hedging effectiveness techniques, for the period spanning from June 2020 to December 2023. Findings indicate that the spillover effect among FSI, cryptocurrencies, and commodities substantially varies across different volatility conditions. Also, some cryptocurrencies are net receivers of shocks during normal market conditions, while other cryptocurrencies are net transmitters during extreme market conditions. We also find that, during the bullish market, some commodities (Platinum and Brent oil) are net receivers, while other commodities are net transmitters under extreme market conditions (lower quantiles). Similarly, findings further show that, under extreme volatility conditions (higher quantiles), cryptocurrencies and commodities are net receivers of shocks, while FSI is a net transmitter during these volatility conditions. Using frequency co-movement analysis, we find strong and weak correlations between these series in the short- and long-run for shorter periods. Furthermore, findings provide important implications for policymakers and portfolio managers to pay attention to long-term dynamics and design appropriate policies that mitigate the spillover effects.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105527"},"PeriodicalIF":10.2,"publicationDate":"2025-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143579379","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

Green and traditional productivity growth with natural capital: The role of resource depletion, environmental damages and sectoral composition 利用自然资本实现绿色和传统生产力增长：资源枯竭、环境损害和部门构成的作用

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-09 DOI: 10.1016/j.resourpol.2025.105544

Dagmawe Tenaw

{"title":"Green and traditional productivity growth with natural capital: The role of resource depletion, environmental damages and sectoral composition","authors":"Dagmawe Tenaw","doi":"10.1016/j.resourpol.2025.105544","DOIUrl":"10.1016/j.resourpol.2025.105544","url":null,"abstract":"<div><div>This study estimates traditional and green productivity growth, including <strong>natural capital</strong> as an input. The key novelty is the use of an alternative output measure (instead of GDP) that accounts for the depreciation of produced capital, depletion of natural resources, and environmental damages to estimate <strong>green productivity growth</strong>. The study also examines the effects of disregarding capital losses and ecological damages and the role of sectoral composition in differences between the two productivity measures. In doing so, we apply the translog-stochastic production frontier models in a panel of 100 countries from 1999 to 2018. Among our sample countries, only 46 percent had good compliance with the sustainability path; and the average share of capital losses and environmental damages in actual GDP is about 18 percent. Our findings also indicate a decline in global and regional average green productivity growth over the study period. Ignoring the loss of capital stocks and environmental costs of the economy tends to overestimate traditional productivity growth by 0.8–1.6 percent. <strong>Sectoral composition</strong> plays a crucial role, as tertiarization closes the gap between traditional and green productivity growth while industrialization widens the gap. Overall, countries should actively foster green practices, technologies, and policies to improve green productivity.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105544"},"PeriodicalIF":10.2,"publicationDate":"2025-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143579378","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}

引用次数: 0

Is all that now glitters sufficient? An investigation of a gold resource cap in Australia

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-08 DOI: 10.1016/j.resourpol.2025.105540

Adam Kelly

引用次数: 0

The sustainability challenge and social benefits of industrialisation in NICs

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-07 DOI: 10.1016/j.resourpol.2025.105541

Irsa Azam, Yongsheng Guo, Mirza Muhammad Naseer

引用次数: 0

The effectiveness of OPEC and OPEC+ from 2009 to 2024: An empirical appraisal

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-07 DOI: 10.1016/j.resourpol.2025.105529

Gil Montant

{"title":"The effectiveness of OPEC and OPEC+ from 2009 to 2024: An empirical appraisal","authors":"Gil Montant","doi":"10.1016/j.resourpol.2025.105529","DOIUrl":"10.1016/j.resourpol.2025.105529","url":null,"abstract":"<div><div>This empirical study focuses on the effectiveness of the coordination strategies developed in the oil market between 2009 and 2024 with a focus on the OPEC + oil cartel settled-up by the end of 2016. One uses various econometric techniques specific to panel data to assess the ability of oil producers adherent to OPEC and/or OPEC + to exercise an impact on the oil price. The study integrates the time horizon followed by oil producers in the definition of their collusion strategies. The analysis reveals that some coordination mechanisms were already present amongst the set of ten countries that will later adhere to the OPEC+ and this before the official set-up of this cartel. However, these strategies proved to be ineffective to exercise a significant impact on oil price in 2009–2016. In addition, the analysis suggests the existence of a significant link between the time horizon considered by a country and its incitation to conform to official production quotas. Thirdly, results indicate that both OPEC and OPEC + have been more able to impact the oil price in 2017–2022. The invasion of Ukraine by Russia in February 2022 seems to have disorganized the oil market, which explains a significant loss of influence of both OPEC and OPEC + on the oil price.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105529"},"PeriodicalIF":10.2,"publicationDate":"2025-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143562855","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

Unveiling the nexus: Impact of the Extractive Industries Transparency Initiative (EITI) on foreign direct investment (FDI)

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-06 DOI: 10.1016/j.resourpol.2025.105521

Ablay Dosmaganbetov , Simeon Nanovsky

引用次数: 0

Bolstering critical minerals trade between India and other MSP countries: A gravity model evaluation

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-06 DOI: 10.1016/j.resourpol.2025.105542

Iqra Yaseen , Surendar Singh , Suvajit Banerjee

{"title":"Bolstering critical minerals trade between India and other MSP countries: A gravity model evaluation","authors":"Iqra Yaseen , Surendar Singh , Suvajit Banerjee","doi":"10.1016/j.resourpol.2025.105542","DOIUrl":"10.1016/j.resourpol.2025.105542","url":null,"abstract":"<div><div>This study aims to evaluate the opportunities for a sustainable environment, an equitable economy, and a just society through the international trade of critical minerals. By employing a gravity model, it intricately analyzes the trade dynamics between India and 13 other members of the Mineral Securities Partnership (MSP). The study indicates a landscape rich with potential for enhancing environmental protection; however, this is somewhat overshadowed by a decrease in the overall impacts on the economic and social dimensions of sustainable trade practices. The apparent lack of synergy among the various outcomes that arise from increased trade underscores a pressing need for policymakers to create pathways where environmental, economic, and social opportunities can harmoniously reinforce one another, amplifying the benefits of critical mineral trade. Moreover, the empirical findings highlight that income heterogeneity positively influences sustainable trade practices across environmental, economic, and societal fronts, thereby affirming the Heckscher-Ohlin hypothesis. Crucially, the study identifies the variability in trade uncertainty between partners as a powerful catalyst for trade and a driver of innovation within MSP countries. The discussion further delves into the effects of research and innovation, currency exchange, and geographical distance on sustainable trade, especially concerning QUAD and non-QUAD nations. This emphasizes the imperative for customized strategies that elevate global sustainable trade, considering the unique economic structures and regulatory landscapes at play.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105542"},"PeriodicalIF":10.2,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143562853","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

Mining-induced displacement and livelihood restoration: A data-driven approach

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-06 DOI: 10.1016/j.resourpol.2025.105515

Ingrid Ahmer, Bertram Ostendorf

{"title":"Mining-induced displacement and livelihood restoration: A data-driven approach","authors":"Ingrid Ahmer, Bertram Ostendorf","doi":"10.1016/j.resourpol.2025.105515","DOIUrl":"10.1016/j.resourpol.2025.105515","url":null,"abstract":"<div><div>Mining-induced displacement and loss of livelihood assets are extreme social impacts that affect host communities. This research directly addresses the challenges faced by displaced subsistence farmers who must secure alternative agricultural land to rebuild their livelihoods by exploring how the resources of the mining project can be leveraged to help these farmers identify suitable arable land. The study demonstrates how data collected during mining exploration can be repurposed to assess the agricultural potential of nearby land, and effective ways to communicate this information to affected farmers. The research introduces a data-driven land evaluation approach that contrasts with traditional expert-dependent methods. Using a case study in Burkina Faso, maximum entropy modelling (MaxEnt) is applied to identify suitable land for locally grown crops by integrating crop planting locations from community land use maps—originally produced for compensation assessments—with environmental data. The mining exploration data were successfully combined with publicly available datasets using free and open-source software to generate crop suitability maps that were then tailored for illiterate and semi-literate users. The findings highlight how mining exploration data and spatial technologies can support agricultural planning and aid displaced farmers in securing better agricultural outcomes. The method is transferable to diverse environments and agricultural systems and is particularly suited to mining applications in developing countries where detailed agricultural data is collected during environmental and social impact assessments. This scalable and resource-efficient approach provides a valuable tool for enhancing livelihood restoration of farming communities following mining-induced displacement.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105515"},"PeriodicalIF":10.2,"publicationDate":"2025-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143551690","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}

引用次数: 0

Evaluating battery minerals future supply through production predicting in the context of the green energy transition

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-03-04 DOI: 10.1016/j.resourpol.2025.105526

Anahita Jannesar Niri , Gregory A. Poelzer , Maria Pettersson , Jan Rosenkranz

{"title":"Evaluating battery minerals future supply through production predicting in the context of the green energy transition","authors":"Anahita Jannesar Niri , Gregory A. Poelzer , Maria Pettersson , Jan Rosenkranz","doi":"10.1016/j.resourpol.2025.105526","DOIUrl":"10.1016/j.resourpol.2025.105526","url":null,"abstract":"<div><div>A global transition from the current “brown economy” to a “green economy” has been perceived as an ineluctable carbon neutrality strategy to deal with climate change and its global devastating impacts. This global ambition of green economy necessitates large-scale electrification which imposes growing demand for lithium-ion batteries as state-of-the-art energy storage technologies. Thereupon, the developing market of batteries reinforces the concern over the resilient and consistent supply of battery raw materials. By the reason of the interdependencies of all the stages involved in a value chain of a battery, it is critical to identify the battery material supply-disruptive risks and uncertainties, and subsequently to analyze the impacts of the perpetuation of the supply issues on the future market of batteries. In this research study, to contribute to these processes necessary for overcoming the ongoing supply sustainability challenges, the focus is on lithium, nickel, graphite, and cobalt, which are among the battery raw materials with high supply risks. After analyzing and categorizing the driving forces behind the historical and current bottlenecks to their mining production, the regional and global mining production of those battery materials have been predicted for twenty years ahead using three time series forecasting techniques including Seasonal Autoregressive Integrated Moving Average, Holt's linear trend, and Holt-Winters’ methods. Forecasting possible future production trends of those battery raw materials is indisputably imperative to resolve planning strategies while dealing with uncertainties and supply risks. Reliable supply forecasting results provide more uncertainty and risk management achievements since the stakeholders and policymakers can use the outcomes as a source of information in the decision-making process at any stage of a lithium-ion battery value chain.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105526"},"PeriodicalIF":10.2,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143551688","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}

引用次数: 0

Economic vulnerability and resilience analyses for China's iron and steel industry: Insights from COVID-19

IF 10.2 2区经济学

Resources Policy Pub Date : 2025-02-27 DOI: 10.1016/j.resourpol.2025.105524

Haoran Duan , Shiwei Yu , Haopeng Geng , Jinhua Cheng

{"title":"Economic vulnerability and resilience analyses for China's iron and steel industry: Insights from COVID-19","authors":"Haoran Duan , Shiwei Yu , Haopeng Geng , Jinhua Cheng","doi":"10.1016/j.resourpol.2025.105524","DOIUrl":"10.1016/j.resourpol.2025.105524","url":null,"abstract":"<div><div>China's iron and steel (IS) industry plays an indispensable role in both the Chinese and global economy. Economic vulnerability and resilience are key factors for the sustainable and stable development of China's IS industry. However, COVID-19 has negatively impacted the economic vulnerability and resilience of the IS industry. This paper introduces an open-economy dynamic stochastic general equilibrium (DSGE) model that encompasses the production chain of the IS industry. From the perspective of the production chain, combined with the inoperability input-output model (IIM) and scenario analysis methods, the paper analyzes the economic vulnerability and resilience of China's IS industry under COVID-19's impact. The research findings indicate that the direct economic vulnerability of the iron smelting sector within the IS industry was the highest under the influence of COVID-19, with the most substantial decline in production ranging from 7.7% at a 0.71% incidence rate to 13.04% at a 7% incidence rate. The indirect economic vulnerability of the steel processing sector was most pronounced under the COVID-19's impact, and the decrease in the production of this sector had the most negative impact on total output, ranging from 0.6% at a 0.71% incidence rate to 1.1% at a 7% incidence rate. The steel processing sector exhibits the highest economic resilience within the IS industry. This sector may exhibit a minimum growth rate of 17.9% under a 4% GDP growth rate and the pre-COVID-19 capacity reduction trend. This paper identifies the sectors with the highest economic vulnerability and resilience within China's IS production chain and proposes corresponding policy recommendations, providing a basis for the government and enterprises to formulate development policies for the IS industry.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"103 ","pages":"Article 105524"},"PeriodicalIF":10.2,"publicationDate":"2025-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143509556","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