Hsu Ching-Chi, Chau Ka Yin, Chien FengSheng
School of Finance and Accounting, Fuzhou University of International Studies and Trade, 350202, China.
Faculty of Business City University of Macau, Macau, China.
Resour Policy. 2023 Mar;81:103343. doi: 10.1016/j.resourpol.2023.103343. Epub 2023 Jan 27.
Demand for natural resources is constant, while the prices of natural resources increase day-by-day, which has a significant impact on financial development and economic activity. Thus, the study intends to test the association of natural resource volatility and financial development, in order to recommend policies for economic recovery. The study acquires and analyses data for the N11 economies. The findings reveal that natural resource volatility is linked to global economic growth and governmental governance in pre-pandemic era as well as during pandemic. Results exposed that natural resource volatility has a large detrimental impact on global economic growth and plays a prominent part in economic recovery. The findings are robust and reveal that natural gas, oil, and the quality of public administration all contribute to N11 financial development. The study suggests that policymakers address the challenges raised through the solutions discussed.
对自然资源的需求持续存在,而自然资源价格却日益上涨,这对金融发展和经济活动产生了重大影响。因此,本研究旨在检验自然资源波动与金融发展之间的关联,以便为经济复苏推荐相关政策。该研究获取并分析了N11经济体的数据。研究结果表明,在疫情前以及疫情期间,自然资源波动与全球经济增长和政府治理相关。结果显示,自然资源波动对全球经济增长有很大的不利影响,并且在经济复苏中起着显著作用。研究结果很可靠,表明天然气、石油以及公共管理质量都对N11的金融发展有贡献。该研究建议政策制定者通过所讨论的解决方案来应对所提出的挑战。