Non-Renewable Resources, Extraction Technology, and Endogenous Growth

Stuermer, Martin; Schwerhoff, Gregor

doi:10.24149/wp1506

Cited by 14 publications

(3 citation statements)

References 53 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…One potential possibility is that individuals' increased consumption of products and services necessitates more resources for production and consumption as their wealth increases [43]. Moreover, resource extraction and refining may increase as economies industrialize in tandem with their expansion [44].…”

Section: Resultsmentioning

confidence: 99%

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Ganda

2024

Sustainability

View full text Add to dashboard Cite

The global climate is undergoing a significant and unprecedented transformation. The phenomenon presents a significant peril to the well-being of the human population, biodiversity, and the overall stability of the global ecosystem. This article explores the relationship and impact between environmental governance, green goods, non-green goods, and eco-innovation on material footprint and renewable energy for the BRICS countries from 2000 to 2019. We apply the FGLS and PCSE approaches to estimate the relationships, and the Dumitrescu and Hurlin test to ascertain causality. The study reveals that eco-innovation and environmental governance produce a statistically significant positive relationship with both material footprint and renewable energy consumption. Economic growth generates an insignificantly positive link with material footprint and renewable energy use. The findings also illustrate that non-green goods generate a significantly negative association with both material footprint and green energy use. Green goods depict a significant and positive relationship with material footprint, but a significantly negative relationship with renewable energy consumption in the BRICS situation. The causality results demonstrate a bi-directional causality association between non-green goods and material footprint, green goods and material footprint, renewable energy use and eco-innovation, renewable energy consumption and environmental governance, and renewable energy use and green goods. Moreover, a uni-directional causality relationship running from eco-innovation to material footprint, environmental governance to material footprint, non-green goods to renewable energy consumption, material footprint to economic development, and renewable energy consumption to economic growth is established. The study’s findings provide light on the association between the parameters and unsustainable and sustainable green practices on material footprint and renewable energy consumption, respectively, within the BRICS framework. These findings offer useful insights for policymakers, emphasizing the need for nations to work together in order to create a balanced and harmonious relationship between economic progress and environmental conservation from an emerging economy scale.

show abstract

Section: Resultsmentioning

confidence: 99%

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Ganda

2024

Sustainability

View full text Add to dashboard Cite

show abstract

“…A popular theory due to Hotelling (1931) argues that the unexploited metal prices will increase over time with the rate of interest. However, in recent years the Hotelling theory has come under scrutiny and recent research (see, e.g., Anderson et al 2014;Stuermer and Schwerhoff 2015) tends to suggest that the observed patterns of oil production and prices are not compatible with Hotelling's (1931) theory. One of the main reasons for the lack of a positive trend in natural resources is that as reserves are depleted, new reserves are found.…”

Section: Background and Literature Reviewmentioning

confidence: 99%

Discerning trends in international metal prices in the presence of non-stationary volatility

Addison¹,

Ghoshray²

2020

WIDER Working Paper

View full text Add to dashboard Cite

show abstract

“…We exploit a long historical dataset, which partly starts in 1879 and captures a long series of commodity boom and bust periods. We assume that supply elasticities remain constant over time, as technological change offsets the depletion of high quality mineral deposits in line with Stuermer and Schwerhoff (2015).…”

Section: Introductionmentioning

confidence: 99%

Energy Transition Metals

Pescatori¹,

Boer²,

Stuermer³

2021

SSRN Journal

Self Cite

View full text Add to dashboard Cite

The energy transition requires substantial amounts of metals, including copper, nickel, cobalt, and lithium. Are these metals a key bottleneck? We identify metalspecific demand shocks with an "anchor" variable, estimate supply elasticities, and pin down the price impact of the energy transition in a structural scenario analysis. Metal prices would reach historical peaks for an unprecedented, sustained period in a net-zero emissions scenario. The total production value of these four metals alone would rise more than four-fold to USD 13 trillion for the period 2021 to 2040, rivaling the estimated total value of crude oil production. These metals could potentially become as important to the global economy as crude oil.

show abstract

Non-Renewable Resources, Extraction Technology, and Endogenous Growth

Cited by 14 publications

References 53 publications

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Investigating the Relationship and Impact of Environmental Governance, Green Goods, Non-Green Goods and Eco-Innovation on Material Footprint and Renewable Energy in the BRICS Group

Discerning trends in international metal prices in the presence of non-stationary volatility

Energy Transition Metals

Contact Info

Product

Resources

About