Resources PolicyPub Date : 2025-02-25DOI: 10.1016/j.resourpol.2025.105518
Jin Shang , Shigeyuki Hamori
{"title":"Is the time-varying frequency connectedness across crude oil prices, geopolitical risk, economic policy uncertainty, and foreign exchange rates different between Asian and non-Asian countries?","authors":"Jin Shang , Shigeyuki Hamori","doi":"10.1016/j.resourpol.2025.105518","DOIUrl":"10.1016/j.resourpol.2025.105518","url":null,"abstract":"<div><div>This paper employs a time-varying frequency connectedness framework to empirically quantify differences in systemic risk dynamics between Asian and non-Asian countries. We explore the connectedness across the forex markets, crude oil market, geopolitical risk, and economic policy uncertainty, including major global crises such as the 2008 financial crisis, 2020 COVID-19 pandemic, and 2022 Russian-Ukrainian conflict. Our study reveals that non-Asian countries' foreign exchange rates act as systemic risk transmitters, while Asian countries' rates are receivers. Crude oil price volatility has a stronger effect on non-Asian markets, whereas Asian markets are more sensitive to shifts in geopolitical and policy uncertainty. Short-term frequencies dominate return connectedness, while long-term frequencies drive volatility. Additionally, systemic risk from COVID-19 has more enduring effects than the 2008 crisis, while the impact of the Russian-Ukrainian conflict appears transient. These findings offer insights for policymakers and investors for targeted risk management and policy formulations in an increasingly complex global environment.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105518"},"PeriodicalIF":10.2,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143479048","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 : 2025-02-25DOI: 10.1016/j.resourpol.2025.105525
Wenxiao Zhou , Yi Song , Deyi Xu , Yijun Zhang
{"title":"Government subsidies and industrial chain resilience: Evidence from Chinese resource-based enterprises","authors":"Wenxiao Zhou , Yi Song , Deyi Xu , Yijun Zhang","doi":"10.1016/j.resourpol.2025.105525","DOIUrl":"10.1016/j.resourpol.2025.105525","url":null,"abstract":"<div><div>As a crucial means for government intervention in economic activities, whether government subsidies can enhance the industrial chain resilience of resource-based enterprises remains uncertain. This study initially defines the connotation of industrial chain resilience from three aspects: optimizing supply-demand matching, stabilizing supply-demand relationships, and improving supply quality. On this basis, the study matches the “supplier-customer” data of resource-based enterprises, and constructs an econometric framework to analyze how downstream subsidies influence upstream industrial resilience and their transmission process. Empirical test reveals a significant U-shaped relationship between government subsidies and the industrial chain resilience of resource-based enterprises. The sample mean is situated to the right of the inflection point of the U curve, showing that it is currently in a stage where government subsidies enhance the resilience of the industrial chain. The above results are still valid after considering endogeneity and conducting a series of robustness tests. Furthermore, mechanism test indicates that government subsidies enhance supply management efficiency by alleviating supplier financing constraints, increase customer dependence by raising customer income levels, and boost supplier product quality through R&D team expansion, thereby enhancing the industrial chain resilience of resource-based enterprises. Additionally, the spillover effects of subsidies are more pronounced in small and medium-sized suppliers, state-owned suppliers and customers with greater market influence. This research greatly enriches the industrial chain security theory and offers data support for raising subsidies to strengthen the industrial chain resilience.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105525"},"PeriodicalIF":10.2,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143479046","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 : 2025-02-25DOI: 10.1016/j.resourpol.2025.105493
Cameron Gunton , Eric Werker , Mark A. Moore , Sean Markey
{"title":"How costly is a community benefit agreement for a private project developer?","authors":"Cameron Gunton , Eric Werker , Mark A. Moore , Sean Markey","doi":"10.1016/j.resourpol.2025.105493","DOIUrl":"10.1016/j.resourpol.2025.105493","url":null,"abstract":"","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105493"},"PeriodicalIF":10.2,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143479047","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":"Born with a silver spoon but raised as a beggar: Fresh empirical investigations into the resource curse thesis in Africa","authors":"Elvis Dze Achuo , Aloysius Mom Njong , Clovis Wendji Miamo","doi":"10.1016/j.resourpol.2025.105522","DOIUrl":"10.1016/j.resourpol.2025.105522","url":null,"abstract":"<div><div>Although African countries are richly blessed with several types of natural resources, Africa's development trajectory over the years has remained derisory. Consequently, this study empirically probed into the direct and indirect effects of natural resources on sustainable development. The empirical investigations covering the social, economic and environmental dimensions of sustainable development were conducted using the System Generalised Method of Moments approach for a panel of 44 African economies from 1996 to 2022. The results reveal that natural resources adversely contribute to economic development while fostering social development and environmental sustainability. Besides, the negative contribution of natural resources to economic development is higher among resource-rich countries compared to resource-scarce countries, thereby showing evidence of the resource curse thesis in Africa. However, the resource bless thesis is apparent with regard to the contribution of natural resources to social development and environmental sustainability. Moreover, the effects of natural resources on sustainable development are divergent for different types of natural resources. Furthermore, the interactive regressions reveal the critical role of good governance in modulating the negative impact of resource rents on sustainable development, as evidenced by the established positive net effects and threshold values. Practical policy implications emanating from the findings are discussed.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105522"},"PeriodicalIF":10.2,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143474572","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 : 2025-02-24DOI: 10.1016/j.resourpol.2025.105519
Riccardo Priore , Marco Compagnoni , Marinella Favot
{"title":"Innovation in rare earths recycling: A quantitative and qualitative analysis of patent data","authors":"Riccardo Priore , Marco Compagnoni , Marinella Favot","doi":"10.1016/j.resourpol.2025.105519","DOIUrl":"10.1016/j.resourpol.2025.105519","url":null,"abstract":"<div><div>Rare earth elements (REE) are currently essential enablers of the digital and decarbonization transition. However, their supply chain is highly concentrated and their extraction has a high environmental impact. Circular economy solutions could provide a double benefit, reducing supply risk for import-dependent countries and mitigating the impacts of REE mining.</div><div>This article focuses on REE recycling and provides a comprehensive global overview of innovation dynamics in this sector using patent data. We propose a two-step patent search methodology to identify REE recycling patents, based on the OECD ENV-TECH classification for green technologies and keyword occurrence. We then develop a set of quantitative and qualitative metrics to explore innovation dynamics at the country, applicant and technology type level.</div><div>China clearly emerges as the most attractive market for REE recycling patents and Chinese universities as the most active applicants worldwide. Conversely, patent applications in all other countries showed stagnating trends over the last decade. In particular, Europe has a lower number of both patent applications and patents developed compared to the US and Japan. However, patent quality indicators show a very different picture: US and Japanese applicants, who appear to be at the technological forefront, receive more citations and are more oriented towards protecting their inventions internationally. Our analysis therefore highlights the importance of considering both quantitative and qualitative patent metrics when examining innovation trends in REE recycling.</div><div>We discuss the determinants of these observed phenomena, draw policy implications - particularly for REE import-dependent countries - and propose avenues for future research at the intersection of CRM, the circular economy, and innovation studies.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105519"},"PeriodicalIF":10.2,"publicationDate":"2025-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143474571","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 : 2025-02-21DOI: 10.1016/j.resourpol.2025.105514
Konstantin Born
{"title":"Adoption of circular economy practices in the mining sector: Evidence from Chile","authors":"Konstantin Born","doi":"10.1016/j.resourpol.2025.105514","DOIUrl":"10.1016/j.resourpol.2025.105514","url":null,"abstract":"<div><div>This paper explores the adoption of Circular Economy (CE) practices in the mining sector. Large-scale mining is essential for global material supply and the energy transition but poses significant environmental challenges. Adopting CE strategies and practices can help mitigate these challenges by reducing waste, improving resource efficiency, and minimising environmental impacts. However, existing CE frameworks are focused on downstream value chain segments and lack crucial conceptual elements to guide CE adoption in upstream industries like mining. The study advances the literature on CE, responsible sourcing of minerals and sustainable raw material extraction by identifying three crucial conceptual elements missing from existing CE frameworks: (1) a clear communication of the <em>goal and boundary</em> of the industrial production system that the adoption of CE practices is targeting; (2) an identification of the <em>source and type of inputs</em> used by the system; and (3) a consideration of the <em>resource state</em> of these inputs and the subsequent structural wastes generated from them. These new conceptual elements allow for a system-level analysis of CE adoption tailored to the context of the mining industry.</div><div>Using the case of Chile, the study demonstrates how this new conceptual approach can be applied to map existing CE practices and strategies used in the mining sector. Findings reveal that Chilean copper and lithium mining companies are successfully adopting CE practices, such as using seawater in ore processing, remining and repurposing tailings, and remanufacturing mining machinery. This shows that there is significant potential for the mining industry to adopt CE thinking. However, the case study also highlights prevalent tendencies of a lack of systems thinking and additionality in the design of CE practices, which present significant challenges for the sector to adopt CE practices at scale.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105514"},"PeriodicalIF":10.2,"publicationDate":"2025-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143463619","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 : 2025-02-20DOI: 10.1016/j.resourpol.2025.105517
Ehsan Rasoulinezhad
{"title":"Green taxes innovation and energy imports in advancing renewable transitions in developing countries","authors":"Ehsan Rasoulinezhad","doi":"10.1016/j.resourpol.2025.105517","DOIUrl":"10.1016/j.resourpol.2025.105517","url":null,"abstract":"<div><div>This research investigates how green taxes influence the importation of sustainable energy across 20 developing economies from 2005 to 2021, using the advanced CUP-FM technique. The study finds that a negative coefficient (−0.238) linked with green taxes acts as an incentive for adopting sustainable energy, leading to reduced imports of conventional energy components. Conversely, a positive coefficient (0.195) associated with the official exchange rate encourages the importation of green energy. Factors such as innovation, measured through patent applications (0.089), and domestic commitments to renewables, indicated by renewable energy consumption (0.159), significantly drive the importation of green energy. The study also highlights the challenges faced by countries with higher poverty levels, reflected in the negative coefficient for the poverty ratio (−0.120). To effectively promote sustainable energy, a comprehensive strategy is necessary, encompassing efficient implementation of green taxes, promotion of green finance, establishment of regional agreements, and incentivization of private investment.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105517"},"PeriodicalIF":10.2,"publicationDate":"2025-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143445596","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":"Effects of economic complexity and metallic mineral resources on renewable energy transition in developing countries","authors":"Marco Túlio Dinali Viglioni , Cristina Lelis Leal Calegario , Nádia Campos Pereira Bruhn","doi":"10.1016/j.resourpol.2025.105512","DOIUrl":"10.1016/j.resourpol.2025.105512","url":null,"abstract":"<div><div>Metallic minerals are essential for the transition to renewable energy that is required to mitigate climate change by reducing carbon dioxide (CO<sub>2</sub>) 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.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105512"},"PeriodicalIF":10.2,"publicationDate":"2025-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143445500","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 : 2025-02-19DOI: 10.1016/j.resourpol.2024.105454
Muhammad Haroon , Mirzat Ullah , Zhanqiang Li , Shuo Zhu , Judong Wang , Chu-Pin (Eugune) Hsueh
{"title":"Impact of emerging technologies on corporate social responsibility in mining industry","authors":"Muhammad Haroon , Mirzat Ullah , Zhanqiang Li , Shuo Zhu , Judong Wang , Chu-Pin (Eugune) Hsueh","doi":"10.1016/j.resourpol.2024.105454","DOIUrl":"10.1016/j.resourpol.2024.105454","url":null,"abstract":"<div><div>The mining industry faces increasing scrutiny over its environmental and social impacts, particularly in the context of corporate social responsibility (CSR). The rapid development of emerging technologies has the potential to reshape CSR practices, but little is known about the specific effects on the mining sector. This study investigates how emerging technologies have influenced CSR in 1299 Chinese mining companies from 2010 to 2022. Using fixed-effects regressions, the analysis reveals that the adoption of advanced technologies significantly improves environmental performance by reducing carbon emissions and energy consumption. Additionally, these technologies enhance safety standards, leading to a measurable decrease in workplace accidents. However, the study also finds that while technological integration boosts transparency and stakeholder engagement, its impact on long-term social welfare remains mixed. The findings suggest that policy efforts should focus on incentivizing technological innovation while ensuring that CSR frameworks are robust enough to address both environmental and social concerns in the mining industry.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105454"},"PeriodicalIF":10.2,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143437401","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 : 2025-02-18DOI: 10.1016/j.resourpol.2025.105511
Joseph Keneck-Massil , Suzie Imelda Foudjo
{"title":"Natural resources dependence and climate vulnerability: Do women's political empowerment and political ideology make the difference?","authors":"Joseph Keneck-Massil , Suzie Imelda Foudjo","doi":"10.1016/j.resourpol.2025.105511","DOIUrl":"10.1016/j.resourpol.2025.105511","url":null,"abstract":"<div><div>This article analyses the effect of natural resources on vulnerability to climate change, with an emphasis on the mitigating role of women's political empowerment and political party ideology. Specifically, it explores the extent to which women's political empowerment and political ideology reduce the positive effect of natural resource dependence on the degree of climate vulnerability. We find strong evidence of a positive relationship between natural resource dependence and climate vulnerability. Moreover, we observe that only forestry, coal, oil, and natural gas rents increase vulnerability to climate change, while mining rents help to reduce climate vulnerability. The results also highlight the fact that the political empowerment of women and the ideology of political parties attenuate the effect of natural resources on climate vulnerability. The effect of political ideology is more persistent for left-wing governments.</div></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":"102 ","pages":"Article 105511"},"PeriodicalIF":10.2,"publicationDate":"2025-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143427907","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}