Natural Resources Forum最新文献

{"title":"Towards green entrepreneurship: The role of financial openness in driving energy innovation in top carbon emitter economies","authors":"Li Bo, Shen Zhongping, Tan Chao, Tan Hao Bo, Liu Zhen, Syed Muhammad Muddassir Abbas Naqvi","doi":"10.1111/1477-8947.12544","DOIUrl":"https://doi.org/10.1111/1477-8947.12544","url":null,"abstract":"Energy serves as a crucial input in almost every sector of the economy and thus contributes significantly to the development of an economy. However, energy is obtained chiefly from fossil fuels, the world's biggest source of carbon emissions and climate change. Therefore, transforming the energy sector by promoting energy innovation is crucial and requires massive financial support from financial institutions beyond borders. In this regard, an international collaboration between the financial sectors of various economies can increase the availability of funds for investment in energy innovation. Therefore, this study intends to investigate the role of financial openness in promoting energy innovation in different regions of the world, such as Asia, America, and Europe. For regression analysis, the study employs the linear and non‐linear CS‐ARDL methods of estimations. The key outcomes of the long‐run linear analysis suggest that financial openness promotes energy innovation in all regions. In the non‐linear analysis, the positive change in financial openness increases long‐run energy innovation in all regions, while a negative change in financial openness reduces energy innovation in Global and Asia models. These findings imply that policymakers across the globe should focus on collaboration between the financial sectors to promote investment in energy innovation.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141867428","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How mineral resources rent collaborate with consumer price index, environmental policies, and economic performance in Türkiye and India: Evidence from artificial neural networks and machine learning","authors":"Aqsa Nazir, Munawar Iqbal, Usman Mehmood, Zia Ul Haq, Asim Daud Rana, Hind Alofaysan","doi":"10.1111/1477-8947.12539","DOIUrl":"https://doi.org/10.1111/1477-8947.12539","url":null,"abstract":"Taking focus on the possible effects on welfare and environmental issues in Türkiye and India, this study explores the relationship between the leasing of mineral resources (MRs), economic performance, use of renewable energy, and environmental policies. The study estimates changes in MRs throughout economic expansion using artificial intelligence (artificial neural network [ANN]) and supervised machine learning (SML). It focuses on important variables like index of stringency of environmental policies and the consumer price index, the conclusions of the ANN, ensemble method, and ML studies show how sensitive quarterly changes in the rent on MRs are to changes in the consumer price index, economic performance, and the use of renewable energy. Evaluation criteria such as root mean square error (RMSE), mean absolute error (MAE), mean square error (MSE), mean absolute percentage error (MAPE), and coefficient of determination highlight how much better ML models predict outcomes than ANN trials. In particular, the ML findings show an outstanding <jats:italic>R</jats:italic><jats:sup>2</jats:sup> of 0.99, an MAE of 0.6625, an MSE of 0.8324, a MAPE of 35.3677, and an RMSE of 0.9123 for India. Türkiye's machine learning results, on the other hand, display an MAE of 0.0164, an MSE of 0.0007, MAPE of 66.1594, RMSE of 0.0279, and a strong <jats:italic>R</jats:italic><jats:sup>2</jats:sup> of 0.98. For ANN, the error histogram is plotted to assess the model. The extremely low value of 0.0090 and 0.010, respectively, for Türkiye and India on the error histogram reflects the exceptional prediction quality. Türkiye and India have abundant MRs; however, they must be managed correctly for long‐term sustainability. Future researchers may verify this work using time series or panel data from other disciplines. This study examines factors affecting sustainable economic growth, including MR use, environmental policies, and eco‐friendly innovations. Other indicators, such as energy efficiency, carbon dioxide emissions, renewable energy consumption, and global value chain participation, may provide a different perspective. This study's conclusions should be verified by more research employing other geographic locations and others machine learning methods, as well as to illustrate how sustainable development is influenced by other variables.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141867427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of subsidy on the new type of forestry operating entity's input: Moderating effect of the rising labor cost","authors":"Hui Xiao, Liu Can, Fangmiao Hou, Hao Liu","doi":"10.1111/1477-8947.12530","DOIUrl":"https://doi.org/10.1111/1477-8947.12530","url":null,"abstract":"In an era marked by escalating social aging and labor costs, the forestry sector faces a critical juncture for sustainable development. Amidst these challenges, an opportunity arises to enhance forestry practices by examining the moderating impact of rising labor costs on emerging forestry entities. Employing instrumental variable Tobit models, this study rigorously analyzes the influence of subsidy levels on input factors within these enterprises. Drawing on a comprehensive data set of 485 survey responses from 15 counties and 6 provinces, this investigation reveals significant insights into the dynamics of forestry subsidies, input levels, and labor costs. It identifies a substantial positive correlation between forestry subsidies and both capital and labor inputs within these entities. However, it is the burgeoning labor costs that emerge as a pivotal driver, prompting a strategic reallocation of labor inputs toward capital factors. This strategic shift is driven by a nuanced interplay between labor‐saving capital and labor, resulting in a dynamic substitution effect that concurrently augments employed labor inputs. These findings underscore the imperative for tailored strategies to address the challenges posed by escalating labor costs and social aging within the forestry sector. In response, this study advocates for proactive approaches to forestry subsidy standards, emphasizing dynamic implementation to facilitate increased inputs. Additionally, broader allocation of forestry subsidies and an accelerated drive toward forestry transformation are identified as essential pathways toward fostering sustainable development and resilience amidst evolving socio‐economic landscapes.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141742500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Achieving sustainability: Unravelling the role of financial development and foreign direct investment in sub‐Saharan Africa","authors":"Kyei Emmanuel Yeboah, Kashif Abbass, Seidu Abdulai Jamatutu, Bo Feng, Junwen Feng","doi":"10.1111/1477-8947.12518","DOIUrl":"https://doi.org/10.1111/1477-8947.12518","url":null,"abstract":"As the global community grapples with sustainable development, sub‐Saharan Africa (SSA) faces a critical dilemma in balancing economic growth and environmental preservation. The study examines the effect of financial development (foreign direct investment [FDI]) on CO<jats:sub>2</jats:sub> emissions in achieving sustainability in SSA. The study employed fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) cointegration approaches, to establish substantial connections between key variables. The results showed that environmental taxes and FDI play a role in reducing carbon emissions. Trade openness, natural resource rent, and consumption cause carbon emissions to rise. Furthermore, the study explores causation between variables using Dumitrescu–Hurling panel causality tests. A bidirectional causality exists between ecological footprint and CO<jats:sub>2</jats:sub> emissions while a unidirectional causality exists between financial development, FDI, and CO<jats:sub>2</jats:sub> emissions. The findings suggest the adoption of enhanced environmental taxation policies and the encouragement of sustainable FDI. We further recommend the introduction of green fiscal policies to stimulate renewable energy investments, promote responsible consumption and trade practices, and green innovative financing.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141742499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Navigating the environmental impact of geopolitical risk and economic policy uncertainty: Evidence from load capacity curve hypothesis in BRICST economies","authors":"Khatib Ahmad Khan, Phan The Cong, Ali Abbas, Paiman Ahmad, Nguyen Ngoc Quynh, Minh‐Quang Nguyen, Ahsan Anwar","doi":"10.1111/1477-8947.12538","DOIUrl":"https://doi.org/10.1111/1477-8947.12538","url":null,"abstract":"Global warming, climate disruptions, and environmental challenges are significant concerns in the present era, placing socioeconomic burdens on nations globally as humanity progresses at an unprecedented pace. In this framework, the load capacity factor (LCF) has evolved to demonstrate the environment‐damaging behavior of the population and nature's reaction to such damage. Thus, improving LCF by economies has become crucial for attaining the sustainable development goals (SDGs). In doing so, the current study scrutinizes the influence of geopolitical risk (GPR), economic policy uncertainty (EPU), economic growth (EG), renewable energy consumption (REC), natural resource rent (NRR), and financial development (FD) on LCF in BRICST economies during 1990–2020. We use the panel quantile regression (PQR) technique for empirical outcomes. The PQR technique can capture the heterogeneous role of explanatory factors. The empirical results of the PQR method validate the U‐shaped LCC hypothesis through the non‐linear evaluation of EG and LCF. Furthermore, results reveal that GPR, EPU, and FD adversely affect environmental quality. However, REC and NRR's supportive role in improving LCF is found. Keeping in view these empirical results, the study suggests an extensive policy framework for attaining the objectives of SDG 13 (climate change), SDG 08 (decent work and economic growth ), SDG 16 (peace for sustainable development), SDG 12 (responsible consumption and production), and SDG 07 (clean energy) in BRICST economies.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141641522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A step towards sustainable environment in OECD countries: Do natural resource depletion, resource tax, institutional quality, and green innovation matter?","authors":"Harun Kılıçaslan, Mucahit Aydin, Veysel Inal, Enes Teksan, Mustafa Torusdağ","doi":"10.1111/1477-8947.12515","DOIUrl":"https://doi.org/10.1111/1477-8947.12515","url":null,"abstract":"Protecting and improving environmental quality is essential for sustainable development. This study considers natural resource depletion, resource tax, institutional quality, and green innovation, which are likely to impact environmental quality. These issues are addressed by Sustainable Development Goals (SDGs) 7, 12, and 18. The study aims to uncover the influence of the variables we have considered on environmental quality in a sample of 18 Organisation for Economic Co‐operation and Development (OECD) countries from 1994 to 2020. Before panel data analysis, we conducted preliminary tests to determine the most suitable techniques. The econometric procedure comprises four stages: unit root analysis, cointegration analysis, estimation of long‐run coefficients using two different methods, and panel causality analysis. The empirical findings suggest that resource tax and green energy innovation positively impact environmental quality for the panel in the long run. Results based on the country show that institutional quality has a negative impact on environmental quality in Portugal but a positive impact in Luxembourg. Although resource taxes positively impact environmental quality in Portugal, they harm Luxembourg. Lastly, natural resource depletion negatively impacts environmental quality in Luxembourg. There are no statistically significant results for other countries. The study concludes with policy recommendations.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141645043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Towards a greener tomorrow: What role does fiscal policy play in fostering environmental sustainability in Pakistan?","authors":"Shahneel Maira, Zakia Batool, Abdul Rehman","doi":"10.1111/1477-8947.12537","DOIUrl":"https://doi.org/10.1111/1477-8947.12537","url":null,"abstract":"The concept of environmental sustainability has become a significant concern in the last several decades. The degradation of the environment has significant implications for human well‐being, subsequently affecting productivity and economic growth. Consequently, achieving the goal of environmental sustainability emerges as a primary objective. The goal of this study is to develop an Environmental Sustainability Index that specifically targets factors related to air, land, and water. The second goal is to assess the short‐ and long‐term impacts of fiscal policies on the environmental sustainability. The asymmetric influence of fiscal measures on sustainability is assumed in the present investigation. A time series data for the period 1974–2020 are used for the analysis. For the estimation of asymmetric effects, the Nonlinear Autoregressive Distributed Lag (NARDL) technique is applied. Based on the research findings, it can be concluded that subsidy and developmental expenditures have a detrimental effect on environmental sustainability in the presence of positive shocks. Conversely, a negative shock in subsidies does not yield a significant impact, whereas a negative shock in development expenditures has a noteworthy and adverse influence on environmental sustainability. In the short run, the positive shock to both subsidy and developmental expenditures significantly affects environmental sustainability while the negative shock to developmental expenditure has an insignificant impact while subsidy has a significant effect on environmental sustainability. The study suggests that while making fiscal policies, the government should consider the environmental aspects of these measures.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141647951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of financial development, natural resources, and technology in determining green energy: New findings from the N‐11 countries","authors":"Yi Tao, Weixin Wang","doi":"10.1111/1477-8947.12524","DOIUrl":"https://doi.org/10.1111/1477-8947.12524","url":null,"abstract":"In recent years, there has been a growing global emphasis on transitioning to renewable energy sources to mitigate the effects of climate change and promote sustainable development. The role of financial development, natural resources, and technology in determining the advancement of green energy has been a subject of ongoing research. This study examines the impact of financial development, natural resources, and technology on green energy development in N‐11 countries between 1990 and 2022, using economic growth and education as control variables. The empirical estimations are based on cross‐section dependence, testing for slope heterogeneity, second‐generation panel unit root tests, LM‐Bootstrap cointegration tests, fully modified ordinary least squares, and dynamic ordinary least squares. A 1% increase in natural resources is associated with a 0.0615% increase in the adoption of green energy. A 1% increase in education leads to a statistically significant increase of 1.0734% in the adoption of green energy financial development enables the deployment of renewable energy sources and access to financial resources. Natural resources determine the types of renewable energy technologies that are prioritized. Technological advancements drive the growth of renewable energy technologies and facilitate their integration into the energy mix. By analyzing the findings of recent studies on the N‐11 countries, we can gain valuable insights into the importance of these factors in advancing green energy and achieving sustainable energy development.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2024-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141650254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How does energy intensity impact economic growth for the case of a small island country","authors":"Fatema Janahi, Helmi Hamdi, Mehdi Mili","doi":"10.1111/1477-8947.12535","DOIUrl":"https://doi.org/10.1111/1477-8947.12535","url":null,"abstract":"In this article, we explore the relationships between economic growth and energy intensity in Bahrain, and we analyse how energy intensity, population, and other macroeconomic variables are associated with each in the short and long run. In the empirical section we use data span from 1980 to 2019 and we perform a vector error correction model and cointegration technique to detect causality between the variables used in the model. The main findings of this article show that economic growth, population and FDI increased energy intensity in Bahrain in the short run. Therefore, an urgent need to be embedded in the sustainable energy action plan to limit the harmful effects of economic activity on the environmental quality in Bahrain and to ensure environmental sustainability.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141584814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Pricing the priceless: The financial transformation to value the planet, solve the climate crisis, and protect our most precious assets. By PaulaDiPerna, Hoboken, NJ: Wiley. 2023. pp. 272. $16.31. ISBN‐10:1119913802.","authors":"Cloe Miller","doi":"10.1111/1477-8947.12540","DOIUrl":"https://doi.org/10.1111/1477-8947.12540","url":null,"abstract":"","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":null,"pages":null},"PeriodicalIF":3.3,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141584813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}