Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China

China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a ne...
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Gespeichert in:

Autor*in:	Wang, Xiaoyi [verfasserIn] Chen, Guanqun [verfasserIn] Afshan, Sahar [verfasserIn] Awosusi, Abraham Ayobamiji [verfasserIn] Abbas, Shujaat [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2023

Schlagwörter:	Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China

Übergeordnetes Werk:	Enthalten in: Resources policy - Amsterdam [u.a.] : Elsevier Science, 1974, 83
Übergeordnetes Werk:	volume:83

DOI / URN:	10.1016/j.resourpol.2023.103631

Katalog-ID:	ELV010508341

Internformat


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520			\|a China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports.
650		4	\|a Environmental degradation
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650		4	\|a China
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matchkey_str	wangxiaoyichenguanqunafshansaharawosusia:2023----:rniinoadssanbenryhrloeooicmlxtfnnilieaiainnnt
hierarchy_sort_str	2023
bklnumber	83.63
publishDate	2023
allfields	10.1016/j.resourpol.2023.103631 doi (DE-627)ELV010508341 (ELSEVIER)S0301-4207(23)00342-2 DE-627 ger DE-627 rda eng 330 VZ 83.63 bkl Wang, Xiaoyi verfasserin aut Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports. Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China Chen, Guanqun verfasserin aut Afshan, Sahar verfasserin aut Awosusi, Abraham Ayobamiji verfasserin (orcid)0000-0002-3533-9181 aut Abbas, Shujaat verfasserin (orcid)0000-0003-2141-7510 aut Enthalten in Resources policy Amsterdam [u.a.] : Elsevier Science, 1974 83 Online-Ressource (DE-627)306710234 (DE-600)1500719-4 (DE-576)259484261 nnns volume:83 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 83.63 Volkswirtschaftliche Ressourcen Umweltökonomie VZ AR 83
spelling	10.1016/j.resourpol.2023.103631 doi (DE-627)ELV010508341 (ELSEVIER)S0301-4207(23)00342-2 DE-627 ger DE-627 rda eng 330 VZ 83.63 bkl Wang, Xiaoyi verfasserin aut Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports. Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China Chen, Guanqun verfasserin aut Afshan, Sahar verfasserin aut Awosusi, Abraham Ayobamiji verfasserin (orcid)0000-0002-3533-9181 aut Abbas, Shujaat verfasserin (orcid)0000-0003-2141-7510 aut Enthalten in Resources policy Amsterdam [u.a.] : Elsevier Science, 1974 83 Online-Ressource (DE-627)306710234 (DE-600)1500719-4 (DE-576)259484261 nnns volume:83 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 83.63 Volkswirtschaftliche Ressourcen Umweltökonomie VZ AR 83
allfields_unstemmed	10.1016/j.resourpol.2023.103631 doi (DE-627)ELV010508341 (ELSEVIER)S0301-4207(23)00342-2 DE-627 ger DE-627 rda eng 330 VZ 83.63 bkl Wang, Xiaoyi verfasserin aut Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports. Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China Chen, Guanqun verfasserin aut Afshan, Sahar verfasserin aut Awosusi, Abraham Ayobamiji verfasserin (orcid)0000-0002-3533-9181 aut Abbas, Shujaat verfasserin (orcid)0000-0003-2141-7510 aut Enthalten in Resources policy Amsterdam [u.a.] : Elsevier Science, 1974 83 Online-Ressource (DE-627)306710234 (DE-600)1500719-4 (DE-576)259484261 nnns volume:83 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 83.63 Volkswirtschaftliche Ressourcen Umweltökonomie VZ AR 83
allfieldsGer	10.1016/j.resourpol.2023.103631 doi (DE-627)ELV010508341 (ELSEVIER)S0301-4207(23)00342-2 DE-627 ger DE-627 rda eng 330 VZ 83.63 bkl Wang, Xiaoyi verfasserin aut Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports. Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China Chen, Guanqun verfasserin aut Afshan, Sahar verfasserin aut Awosusi, Abraham Ayobamiji verfasserin (orcid)0000-0002-3533-9181 aut Abbas, Shujaat verfasserin (orcid)0000-0003-2141-7510 aut Enthalten in Resources policy Amsterdam [u.a.] : Elsevier Science, 1974 83 Online-Ressource (DE-627)306710234 (DE-600)1500719-4 (DE-576)259484261 nnns volume:83 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 83.63 Volkswirtschaftliche Ressourcen Umweltökonomie VZ AR 83
allfieldsSound	10.1016/j.resourpol.2023.103631 doi (DE-627)ELV010508341 (ELSEVIER)S0301-4207(23)00342-2 DE-627 ger DE-627 rda eng 330 VZ 83.63 bkl Wang, Xiaoyi verfasserin aut Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports. Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China Chen, Guanqun verfasserin aut Afshan, Sahar verfasserin aut Awosusi, Abraham Ayobamiji verfasserin (orcid)0000-0002-3533-9181 aut Abbas, Shujaat verfasserin (orcid)0000-0003-2141-7510 aut Enthalten in Resources policy Amsterdam [u.a.] : Elsevier Science, 1974 83 Online-Ressource (DE-627)306710234 (DE-600)1500719-4 (DE-576)259484261 nnns volume:83 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 83.63 Volkswirtschaftliche Ressourcen Umweltökonomie VZ AR 83
language	English
source	Enthalten in Resources policy 83 volume:83
sourceStr	Enthalten in Resources policy 83 volume:83
format_phy_str_mv	Article
bklname	Volkswirtschaftliche Ressourcen Umweltökonomie
institution	findex.gbv.de
topic_facet	Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China
dewey-raw	330
isfreeaccess_bool	false
container_title	Resources policy
authorswithroles_txt_mv	Wang, Xiaoyi @@aut@@ Chen, Guanqun @@aut@@ Afshan, Sahar @@aut@@ Awosusi, Abraham Ayobamiji @@aut@@ Abbas, Shujaat @@aut@@
publishDateDaySort_date	2023-01-01T00:00:00Z
hierarchy_top_id	306710234
dewey-sort	3330
id	ELV010508341
language_de	englisch
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author	Wang, Xiaoyi
spellingShingle	Wang, Xiaoyi ddc 330 bkl 83.63 misc Environmental degradation misc Economic growth misc Renewable energy misc Natural resources misc Financial globalization misc Economic complexity misc China Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China
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topic_title	330 VZ 83.63 bkl Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China Environmental degradation Economic growth Renewable energy Natural resources Financial globalization Economic complexity China
topic	ddc 330 bkl 83.63 misc Environmental degradation misc Economic growth misc Renewable energy misc Natural resources misc Financial globalization misc Economic complexity misc China
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title	Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China
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title_full	Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China
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title_sort	transition towards sustainable energy: the role of economic complexity, financial liberalization and natural resources management in china
title_auth	Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China
abstract	China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports.
abstractGer	China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports.
abstract_unstemmed	China's sustainable development heavily depends on the nation's capacity to shift from fossil fuel to renewable energy, which can aid in meeting the country's target of attaining carbon neutrality by 2060. Currently, China is a global leader in renewable energy capacity; there is a need to understand the role of some major determinants of renewable energy usage. In this research, we consider it essential to investigate how financial globalization, economic complexity, and natural resources impact China's renewable energy usage, while considering crucial factors such as economic growth and environmental degradation. Annual dataset spanning from 1980 to 2019 and the dynamic autoregressive distributed lag approach for empirical investigation. The empirical outcome suggests that renewable energy is positively influenced by economic complexity, natural resources and economic growth. Furthermore, these results highlight the neutral impact of financial globalization and economic growth on renewable energy in the long run. However, financial globalization negatively impacts renewable energy in the short run. The frequency domain approach was used for the causal interaction test, which established the evidence of causality interaction between renewable energy and its determinants at various time horizons. As a result, policymakers should prioritize product specialization and diversification while pursuing more sophisticated exports.
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title_short	Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China
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author2	Chen, Guanqun Afshan, Sahar Awosusi, Abraham Ayobamiji Abbas, Shujaat
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up_date	2024-07-06T18:14:18.135Z
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Transition towards sustainable energy: The role of economic complexity, financial liberalization and natural resources management in China

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