Solid mineral development and Chinese economic growth: Role of technological advancement

Weihan Du, Yi Wei, Muhammad Abubakr Naeem

Research output: Contribution to journalArticlepeer-review

Abstract

Mineral development and technological advancement are vital components underpinning economic progress. Their association often stimulates structural transformation, increases productivity, and fosters innovation within economies. This study focused on assessing the impact of solid mineral development on economic growth accompanied by technological advancement in China from 1990 to 2022. The ARDL method has been used which is more reliable for measuring the short-run and long-run dynamics, allows the mixed order of integration of the series, and provides statistical robustness. According to the estimates of the study, mineral development, technological advancement, and trade promote economic growth both in the long and short term. Whereas mineral depletion and population growth impede economic growth. While capital formation was found to be insignificant. Achieving higher economic growth necessitates a strategic focus on technological innovation and efficient mineral exploitation. It is imperative to address the challenge of mineral depletion, which poses a significant obstacle to sustained growth.

Original languageEnglish
Article number105139
JournalResources Policy
Volume95
DOIs
Publication statusPublished - Aug 2024
Externally publishedYes

Keywords

  • ADF
  • ARDL
  • Economic growth
  • FMOLS
  • Solid mineral development
  • Technological advancement
  • Zivot-Andrews

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law
  • Law

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