sustainability-logo

Journal Browser

Journal Browser

Resource Price Fluctuations and Sustainable Growth

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Resources and Sustainable Utilization".

Deadline for manuscript submissions: 31 December 2024 | Viewed by 6318

Special Issue Editors

School of Foreign Studies, Xi’an Jiaotong University, Xi’an 710049, China
Interests: resource economics; international economics; international politics
School of Economics and Finance, Xi’an International Studies University, Xi’an 710128, China
Interests: resource economics; sustainable growth; environmental economics

Special Issue Information

Dear Colleagues,

It has become a pressing issue around the globe to utilize natural resources in a sustainable manner to achieve green growth of the economy and society. The resource curse hypothesis posits that there is a negative correlation between resource dependence and sustainable growth in an economy. Many studies have tested the theory of the resource curse. However, scholars have not taken resource price fluctuations into consideration. In resource-rich areas, the resource industry makes up a large portion of the national economy, and resource price fluctuations exert a greater influence on local economic growth. In a global economic boom, resource demand increases rapidly, leading to a gradual growth in resource prices and resource industry investments, which then promotes rapid economic growth in resource-rich areas. Meanwhile, in a global economic recession, resource demand shrinks, leading to a fall in resource prices and resource industry investments, which leads to a decline in economic growth.

In this context, this Special Issue aims to take an in-depth look at the interactions between resource price fluctuations and sustainable growth, from a broad perspective. Theoretical and empirical contributions highlighting both the potential of natural resource price fluctuations for economic growth and their risks, as well as the implications of development for the health of the environment (land, water, air, materials, etc.) are welcome. This Special Issue seeks to provide evidence of the potential relationships that can be found on different temporal, spatial and institutional scales. In this regard, we are interested in a wide range of visions and methodologies: historical perspectives, theoretical discussions, micro and macro approaches, international and regional comparisons, case studies, multiregional and multisectoral approaches and scenario analyses, among others.

Prof. Dr. Hua Wang
Prof. Dr. George Halkos
Dr. Shi Wang
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • natural resource economics
  • resource price fluctuations
  • resource curse
  • environmental impacts
  • sustainable growth
  • environmental economics
  • resource policy
  • green economy

Published Papers (4 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

22 pages, 637 KiB  
Article
Impact of Climate Change on Inflation in 26 Selected Countries
by Cunpu Li, Xuetong Zhang and Jing He
Sustainability 2023, 15(17), 13108; https://doi.org/10.3390/su151713108 - 31 Aug 2023
Viewed by 1632
Abstract
In the era of persistent globalization, climate governance has emerged as a prominent concern within both the theoretical community and government departments of diverse nations. Of particular interest in academic research is the adverse effect of climate shocks on the global economy. This [...] Read more.
In the era of persistent globalization, climate governance has emerged as a prominent concern within both the theoretical community and government departments of diverse nations. Of particular interest in academic research is the adverse effect of climate shocks on the global economy. This paper employs average temperature as a surrogate indicator for climate shocks and examines the influence of temperature fluctuations on inflation levels using a balanced panel dataset from 1995 to 2021. The findings indicate a positive association between temperature change and inflation within the country, which remains consistent even after subjecting the analysis to multiple robustness tests. Furthermore, accounting for heterogeneity reveals variations in the magnitude of response of inflation levels to temperature fluctuations. Regarding the analysis of underlying mechanisms, this study underscores the significance of energy demand as a pivotal pathway influencing inflationary pressures at the national level. Lastly, by incorporating GDP per capita as a threshold, this research reveals a nonlinear relationship between temperature change and inflation levels. Full article
(This article belongs to the Special Issue Resource Price Fluctuations and Sustainable Growth)
Show Figures

Figure 1

16 pages, 341 KiB  
Article
Can Business and Leisure Tourism Spending Lead to Lower Environmental Degradation Levels? Research on the Eurozone Economic Space
by George Halkos and George Ekonomou
Sustainability 2023, 15(7), 6063; https://doi.org/10.3390/su15076063 - 31 Mar 2023
Cited by 5 | Viewed by 1028
Abstract
This study aims to investigate the impacts and identify the causal links between tourism expansion and the environment among countries of the Eurozone from 1996 to 2019 in the context of the environmental Kuznets curve (EKC). To achieve this end, we used a [...] Read more.
This study aims to investigate the impacts and identify the causal links between tourism expansion and the environment among countries of the Eurozone from 1996 to 2019 in the context of the environmental Kuznets curve (EKC). To achieve this end, we used a new set of untested tourism proxies when elaborating the EKC. We disaggregated the tourism phenomenon and highlighted its heterogenous nature by including specific and high-impact market segments such as business and leisure tourism spending as well as capital investment spending. The research findings indicate the pivotal role that tourism proxies have on environmental degradation in terms of greenhouse gas emissions (GHGs). Specifically, the identified reciprocal causalities between leisure and investment spending and environmental degradation suggest some complementarities between these variables. In the case of business tourism spending, an increase (decrease) in this variable leads to an increase (decrease) in environmental degradation. The last two feedback hypotheses indicate that the primary and final energy consumption Granger cause GHGs and vice versa. Such a result offers evidence for incorporating the concept of energy efficiency in tourism. Practical implications should motivate supply and demand dimensions within the tourism system to improve efficiency in tourism flow management. The supply side should transfer the environmental message to visitors to spend wisely and consume smarter, whereas the demand side should perform pro-environmental behavior by spending wisely and acting responsibly at destinations. Full article
(This article belongs to the Special Issue Resource Price Fluctuations and Sustainable Growth)
22 pages, 6651 KiB  
Article
A Hybrid Model for China’s Soybean Spot Price Prediction by Integrating CEEMDAN with Fuzzy Entropy Clustering and CNN-GRU-Attention
by Dinggao Liu, Zhenpeng Tang and Yi Cai
Sustainability 2022, 14(23), 15522; https://doi.org/10.3390/su142315522 - 22 Nov 2022
Cited by 1 | Viewed by 1528
Abstract
China’s soybean spot price has historically been highly volatile due to the combined effects of long-term massive import dependence and intricate policies, as well as inherent environmental elements. The accurate prediction of the price is crucial for reducing the amount of soybean-linked risks [...] Read more.
China’s soybean spot price has historically been highly volatile due to the combined effects of long-term massive import dependence and intricate policies, as well as inherent environmental elements. The accurate prediction of the price is crucial for reducing the amount of soybean-linked risks worldwide and valuable for the long-term sustainability of global agriculture. Therefore, a hybrid prediction model that combines component clustering and a neural network with an attention mechanism has been developed. After fully integrated complete ensemble empirical mode decomposition with adaptive noise (CEEMDAN) processing of the price series, the fuzzy entropy of each component is measured as the complexity characteristic. K-means clustering and reconstruction are applied to the components before being input to the CNN-GRU-Attention network for prediction to improve the model ability and adaptability of the sequences. In the empirical analysis, the proposed model outperforms other decomposition techniques and machine learning algorithms regarding prediction accuracy. After applying the decomposition part, the results have RMSE, MAPE, and MAE values of 49.59%, 22.58%, and 21.99% lower than those of the individual prediction part, respectively. This research presents a novel approach for market participants in the soybean industry for risk response. It gives a new perspective on agricultural product prices in sustainable agricultural marketing, while also providing practical tools for developing public policies and decision-making. Full article
(This article belongs to the Special Issue Resource Price Fluctuations and Sustainable Growth)
Show Figures

Figure 1

16 pages, 3198 KiB  
Article
The Effects of Household Debt and Oil Price Shocks on Economic Growth in the Shadow of the Pandemic
by Xiangfa Li, Zhe Zhang, Weixian Xue and Hua Wang
Sustainability 2022, 14(22), 15140; https://doi.org/10.3390/su142215140 - 15 Nov 2022
Viewed by 1396
Abstract
In a sample of 34 countries during 1965Q2 to 2021Q3, this paper offers an empirical analysis of how household debt and oil price shocks influence economic growth in the shadow of the pandemic. We exploit the quarter lags inherent in the response of [...] Read more.
In a sample of 34 countries during 1965Q2 to 2021Q3, this paper offers an empirical analysis of how household debt and oil price shocks influence economic growth in the shadow of the pandemic. We exploit the quarter lags inherent in the response of debt and the oil price to output to pin down the relationship between household debt, the oil price, and economic growth in an unrestricted panel VAR model. We find that household debt has a short-term positive impact on economic growth, and this impact is lagged, while oil price shocks have a negative effect on economic growth. Pandemic uncertainty has an obvious and positive effect on household debt, while it has an obvious and negative effect on economic growth and oil price. The results hold under several robustness tests. Full article
(This article belongs to the Special Issue Resource Price Fluctuations and Sustainable Growth)
Show Figures

Figure 1

Back to TopTop