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Elsevier Science
Resources policy

Elsevier Science

0301-4207

Resources policy/Journal Resources policySCISSCIISSHPEIAHCI
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    Large-scale and small-scale mining in Peru: Exploring the interface

    Cano, AlvaroKunz, Nadja C.
    12页
    查看更多>>摘要：The global demand for gold and copper has intensified tensions between formal mining (mostly Large-Scale) and informal mining (mostly Artisanal and Small-Scale) in key mining corridors of Peru. The formalization of ASM producers through an Exploitation Contract (EC) was devised as the main policy instrument towards resolving such tensions between these scales and types of mining. However, the EC quickly became the main policy bottleneck due to the LSM formal title holder's reluctance to sign these ECs in favor of ASM activities. This study applies a Qualitative Comparative Analysis (QCA) methodology to investigate the combinations of conditions that tend to produce an EC by studying 20 cases wherein LSM and ASM overlap. The findings indicate that there are two necessary conditions to arrive at an EC: (1) a strong willingness to formalize a mining business on behalf of ASM producers and (2) a strong business case for LSM companies to support ASM formalization. An analysis of sufficient conditions concludes that there is no single approach for arriving at an EC, which highlights the importance of tailoring formalization strategies to the local context. Nevertheless, the participation of a third actor, and a corporate culture appropriate to engage ASM producers, were present in some cases wherein an EC was reached.
      原文链接:
    • NSTL
    • Elsevier

    The linkages between natural resources, human capital, globalization, economic growth, financial development, and ecological footprint: The moderating role of technological innovations

    Jahanger, AtifUsman, MuhammadMurshed, MuntasirMahmood, Haider...
    18页
    查看更多>>摘要：Ensuring a balance between economic and ecological well-being has emerged as a key concern for governments worldwide. In the contemporary era, the global economies, especially the developing ones, emphasize the relevance of achieving eco-friendly growth whereby the ecological footprint figures are aimed to be contained alongside higher economic growth. However, in the majority of the cases, the developing countries are flourishing economically but are struggling to curb their ecological footprint levels. Against this backdrop, this study aimed to check whether or not technological innovation, natural resource consumption, globalization, economic growth, human capital development, and financial development influence the ecological footprint figures in 73 developing countries over the period from 1990 to 2016. Besides, to capture the possible heterogeneity of the outcomes, this study also conducted the analysis using sub-samples of countries belonging to the Asian, African, and Latin American and Caribbean regions. Moreover, in order to estimate the robust and reliable outcomes, this study employed the second-generation panel unit root and long-run cointegration tests. The overall results indicated that the variables have a mixed order of integration and are cointegrated. On the other hand, the long run regression outcomes show that natural resource consumption significantly increases ecological footprint while technological innovations help to inhibit them. In addition, technological innovation was evidenced to exert a moderating effect to reduce the negative environmental consequences associated with natural resource consumption. Interestingly, these findings are homogenous for countries across all three regions. Also, globalization was witnessed to reduce the ecological footprint of African and Latin American countries only. Besides, the environmental Kuznets curve hypothesis is verified for the African and the Latin American and Caribbean nations but not for the cases of the Asian countries. Lastly, financial development was found to decrease ecological footprints overall, and for the Asian countries but not for the African and Latin American and Caribbean countries. Among the major policy recommendations, this study suggests the governments of the developing nations to adopt relevant policies regarding making efficient use of natural resources through technological innovations. In addition, the future human capital development, globalization, economic growth, and financial development policies should be aligned with the sustainable environmental development objectives.
      原文链接:
    • NSTL
    • Elsevier

    Natural resources commodity prices volatility, economic performance and environment: Evaluating the role of oil rents

    Liu, QiangZhao, ZhongweiLiu, YiranHe, Yao...
    10页
    查看更多>>摘要：Since there is a growing debate on cutting down global emissions level and natural resources commodity price volatility, current study addresses its nexus. This study explores the impact of natural resources commodity price volatility and economic performance on environmental quality for the group of seven (G7) economies over the period from 1990 to 2020. Using several second-generation methodologies such as slope heterogeneity, cross-section dependence, and unit root test, this study also used a cointegration test that validates the long-run relationship between the study variables. Besides, this study used a novel method of moments panel quantile regression for an empirical investigation of the problem. The empirical results demonstrate that economic growth and natural resources commodity prices are detrimental to environmental quality by enhancing carbon emission levels in all three quantiles, i.e., Q(0.25), Q(0.50), and Q(0.75). However, the magnitude of both these factors are found decreasing from lower to - middle and to upper quantiles. Besides, oil rents are found to exhibit a negative influence on carbon emission. Moreover, renewable energy research and development are also found to associate carbon emissions negatively. Moreover, the Dumitrescu-Hurlin Granger panel causality test validates the feedback effect for all the explanatory variables and carbon emission in the region. The empirical findings suggest the enhancement of investment in renewable energy research and development, restriction of the subsidizing fossil fuel energy sources, and volatility control by effective measures provided in the study.
      原文链接:
    • NSTL
    • Elsevier

    Rethinking the "resource curse": New evidence from nighttime light data

    Li, HangWei, YiDou, ShiquanYue, Chen...
    13页
    查看更多>>摘要：Natural resource are one of the most critical parts of an economy. The "resource curse" hypothesis has long existed in academic circles for economic, social, political, and institutional reasons. This is that large resource endowments have a negative effect on the sustainable development of regional economies. This article argues that there is heterogeneity in the impact of natural resource utilization on economic development, which is highly dependent on the scale of the study, the stage of economic growth, and institutional quality. We examine the "resource curse" hypothesis from a new perspective by combining mineral location data with nighttime light data at the county scale. Nighttime lighting data improves the accuracy of identifying economic activities of natural resources and solves the problem of the lack of micro-scale data. We use a panel dataset containing 80 counties in Guangxi Province, China, from 2008 to 2017. The results show that natural resource utilization has a significant positive effect on the county economy, and there is no substantial evidence of a "resource curse" in Guangxi's county economy. We argue that natural resource endowments can provide the initial capital accumulation for these impoverished regions. We propose that improving institutional quality will improve the sustainability of mining-led development.
      原文链接:
    • NSTL
    • Elsevier

    A comment on Hamilton (2016) "Measuring sustainability in the UN System of Environmental-Economic Accounting"

    Bazhanov, Andrei, V
    5页
    查看更多>>摘要：Hamilton (2016) shows that an imperfect economy with extraction cost and any substitutability among inputs is sustainable along an exponentially decreasing path of extraction (EDP) under a generalized Hartwick rule with resource rent measured in SEEA-2012 (System of Environmental-Economic Accounting) units. Mathematically, the result is correct. The problem is that Hamilton offers this approach as ``the correct policy rule for sustainability'', although this saving rule may be inapplicable to real economies because the prescribed investment may exceed output. In particular, the Cobb-Douglas economy's output goes to zero along EDP even if there is no cost, no health damage from resource use, and all output is invested. The prescribed investment is feasible for the economy with the infinite resource-capital elasticity of substitution. This economy also may be sustainable, depending on initial conditions, along EDP with a reasonable constant saving rate. This result extends Hartwick (2003) disclaimer about substitutability among inputs to the generalized version of the rule. Moreover, the result shows that the assessment of sustainability and accounting prices for real economies depends, besides allocation mechanism, on specification of technology and initial conditions.
      原文链接:
    • NSTL
    • Elsevier

    Monetary policy uncertainty and gold price in India: Evidence from Reserve Bank of India's Monetary Policy Committee (MPC) review

    Shaikh, ImlakVallabh, Priyanka
    13页
    查看更多>>摘要：Fed's monetary policy review and interest rates contain essential information to explain asset price performance, including Gold, and it's incomparable because it delights both investors and consumers. The study aims to explore the effects of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) review on the Indian gold market considering scheduled MPC meetings. We consider 98 MPC meetings and essential governments' gold policies and regulations for the timeline 2005-2020. The empirical outcome states that the RBI's announcements matter for the gold market. A decrease in the gold price surrounding the meetings implies tightening monetary policy from a neutral state. Moreover, the INR/USD exchange rate plays a vital role in the gold price setting. MCX-futures and Spot market evidence show that a rise in the policy rates negatively impacts the Indian gold market. Indeed, interest rates change, and RBI's action has discouraged gold trading in India. The parameter estimates of the conditional volatility framework appear to be positive and statistically significant indicate volatility persistence following the monetary policy review and gold market volatility (GVZ). Hence, interest rates hold important implications for the gold trading community.
      原文链接:
    • NSTL
    • Elsevier

    Does technological advancement impede ecological footprint level? The role of natural resources prices volatility, foreign direct investment and renewable energy in China

    Xu, LiWang, XiuliWang, LijunZhang, Di...
    8页
    查看更多>>摘要：The relation among technological advancement and ecological footprint level hold critical implications for the development of sound environmental policies. However, as critical this phenomenon is, it has not got proper attention from the scholars, the available results in this matter are still unclear. In addition, the explicit role of natural resources price volatilities toward shaping ecological footprint level is also ignored by the existing research. Therefore, considering the critical nature of the matter which can provide foundations for policy making, the study aims to explore to what extent technological advancement impede or expediate ecological footprint level in China. Further, the study also tries to determine the role of natural resources prices volatility, foreign direct investment, and renewable energy toward ecological footprint level. Drawing the data from WDI and ecological footprint network over the period of 1990-2017, we applied FMOLS, DOLS, CCR and spectral causality techniques to estimate results of this paper. The findings from the comprehensive analysis reveal that technological advancement impede ecological footprint level in the long run. Whereas, in the short and medium term, the results were found insignificant. Natural resources and renewable energy use also impede ecological footprint level in the long run. However, the results have shown that FDI positively influence the ecological footprint level, in other words, FDI expediate ecological footprint level in China. Based upon the findings of this paper, several policy implications have been discussed.
      原文链接:
    • NSTL
    • Elsevier

    Corporate conduct, commodity and place: Ongoing mining and mineral exploration disputes in Finland and their implications for the social license to operate

    Eerola, Toni
    11页
    查看更多>>摘要：The Finnish mining and mineral exploration disputes (MMEDs) of the 2000s started with the uranium dispute (2006-2008), when the global mining industry rushed into Finland. The Finnish mining skeptical movement originated by focusing on projects associated with uranium. One of these projects, the Talvivaara polymetallic mine, became the key event of the following mining dispute because of its gypsy pond leakage in 2012. Many disputes have persisted for years, while others have ended, and new ones have appeared. Twenty ongoing disputes were identified in Finland. Fourteen of the cases are related to mineral exploration, four to mine projects, and two to mines. The long-term disputes are mostly focused on mines and mine projects in northern Finland, whereas the most recent disputes are mostly related to mineral exploration in southeastern Finland. The main reasons for disputes are the conflicting use of land (indigenous Sami homeland, lake regions with holiday homes, nature conservation, reindeer herding, and tourism), an association with uranium, poor corporate conduct (lack of communication and stakeholder engagement) and/or reputation. The identification, mapping and monitoring of MMEDs in Finland will support future studies regarding the analysis of their causes, dynamics, evolution, actors, and possible solutions. Their investigation can help to understand and avoid disputes, conciliate diverse interests, and solve disagreements.
      原文链接:
    • NSTL
    • Elsevier

    An assessment of the impact of natural resources, energy, institutional quality, and financial development on CO2 emissions: Evidence from the B&R nations

    Jiang, QingquanRahman, Zia UrZhang, XiaosanGuo, Zhiqin...
    9页
    查看更多>>摘要：This study aims to assess empirically the effect of natural resources, institutional quality, energy use, financial development, and economic growth on the CO2 emissions of the panel of 57-belt and road (B&R) nations over the period 1995 to 2018. The study used an extended Stochastic Impacts by Regression on Population, Affluence, and Technology (STIRPAT) framework. The evidence from long-run estimates vai Driscoll & Kraay regression indicates that total natural resource rents significantly increase in CO2 emissions, while the natural resources proxies by i) fuel export and ii) metal and ore export also positively influence CO2 emissions. Further energy use is disaggregated by fossil fuel and renewable indicating that i) fossil fuel energy increase while ii) renewable energy mitigate the pollution. Additionally, per capita income, financial development, and urbanization significantly increase CO2, while improvement in the institutional quality curb CO2 in the B&R selected sample nations. It is suggested that the government of these nations need to properly address the issues of rapid urbanization, improve institutions, and reduce the excessive use of fossil fuel energy, while needs to boost the usage of renewable energy to mitigate the pollution.
      原文链接:
    • NSTL
    • Elsevier

    Governance in mining enterprises: An effective way to promote the intensification of resources-Taking coal resources as an example

    Wei, JingZhang, JianjunWu, XiaSong, Zeyu...
    11页
    查看更多>>摘要：As the crucial material basis for the development of human society, mineral resources (MRs) are facing a serious dilemma of shortage. Strengthening the intensive utilization of existing resources has great significance for ensuring the sustainable and stable supply of MRs and promoting the realization of ecological mining. This paper, taking the city of Yangquan, China as a case study, explores the intensive utilization of MRs based on its scientific connotation, and proposes dynamic improvement paths for strengthening the intensification of MRs utilization, thus filling a gap in this domain. The background conditions of mines and the basic cases of corresponding mining enterprises are all indicators presented by the resource itself in the process of transforming minerals into useful products that constitute a basic framework for identifying and strengthening the intensification of MRs utilization. The results show that mining enterprises are the core of intensive utilization. The extract recovery rate of mining enterprises contributes the most to the intensive utilization of resources. Meanwhile, the inputoutput level and per capita output level of mining enterprises and the ore loss during mining process are also highly concerned targeting the intensification. The intensive utilization level of large mines is usually relatively high, indicating that mine scale does have an impact on the intensive utilization of resources, but when it reaches a certain scale, the impact will gradually decrease. Besides, there are still weak links in the development process of mines, regardless of the intensive degree. Thus, from the perspective of enterprise governance, corresponding dynamic improvement paths (fundamental optimization-comprehensive optimization-strategic optimization) are adopted to make an attempt at increasing the intensive degree of MRs utilization. The main contribution of this paper is to provide a new course of the realizability to strengthen the intensification of MRs utilization.
      原文链接:
    • NSTL
    • Elsevier