Yang Xiaoming, Zhang Jia, Xu Zhaoyi
School of Business Administration, Southwestern University of Finance and Economics, Chengdu, 611130, Sichuan, China.
Department of Engineering Physics, Tsinghua University, Beijing, 100084, China.
Resour Policy. 2023 Jun;83:103731. doi: 10.1016/j.resourpol.2023.103731. Epub 2023 May 18.
The global pandemic of covid-19 affected human lives and the global environment. Further, literature on the nexus of natural resources and economic growth, initiating the pandemic in the 21st century has confronted policymakers with uncertainty. This requires revisiting the link between natural resources and the economic performance of the South Asian economies. For this purpose, the present study has tried to investigate the role of natural resources in the economic growth of the aggregate South Asian economies during the Covid-19 challenge. The analysis has been completed by a novel approach of MMQR taking data from 1980 to 2021. The oil rents have negatively affected the economic growth may be due to its lower demand during the pandemic caused by lockdown activity. The trade and electricity produced from renewable improve the economic performance of the designated sample economies. The results provide evidence of the irreversible investment theory. The analysis implies that efficient policies for natural resources, specifically oil prices, are required to encourage the South Asian economies' role. Further, the positivity of electricity production from renewable gives rise to the growth hypothesis, which depicts that using renewable energy enhances the economic growth of South Asian economies.
新冠疫情的全球大流行影响了人类生活和全球环境。此外，关于自然资源与经济增长之间的关系，在21世纪引发这场大流行的相关文献让政策制定者面临不确定性。这就需要重新审视自然资源与南亚经济体经济表现之间的联系。为此，本研究试图调查在新冠疫情挑战期间，自然资源在南亚整体经济体经济增长中的作用。分析采用了新颖的MMQR方法，使用了1980年至2021年的数据。石油租金对经济增长产生了负面影响，这可能是由于疫情期间因封锁活动导致石油需求下降。可再生能源产生的贸易和电力提高了指定样本经济体的经济表现。结果为不可逆投资理论提供了证据。分析表明，需要制定有效的自然资源政策，特别是油价政策，以促进南亚经济体发挥作用。此外，可再生能源发电的积极性引发了增长假说，该假说表明使用可再生能源可促进南亚经济体的经济增长。
