Jie Yu, Lan Jing
School of Economics, Hunan Agricultural University, Changsha, Hunan, 410128, China.
Jiangsu University China.
Heliyon. 2024 Jun 25;10(14):e33536. doi: 10.1016/j.heliyon.2024.e33536. eCollection 2024 Jul 30.
This study examines the impact of economic growth, trade dynamics, natural resources, human capital, and sustainable development from 1990 to 2022. To capture the complexity of these factors, we utilize a Novel Dynamic Semi-parametric Additive Panel model. Additionally, we employ a Dynamic panel thresholds model to explore the sensitivity of natural resources to economic development across various indices, addressing a gap in previous nonlinear technique studies. Our findings diverge from conventional financial development and economic growth theories. While increasing money may boost trade and development, it could hinder sustainable development. Interestingly, the relationship between financial market expansion, economic improvement, and natural resource use follows an inverse "U-shaped" non-linear pattern. Furthermore, the expansion of the financial sector significantly affects the interplay between human capital and natural resources. As thresholds of growth in financial markets rise, economic growth contributes more to sustainable development, mitigating its negative impact. Several implications emerge, particularly regarding minimizing energy deprivation through global economic and developmental strategies.
本研究考察了1990年至2022年经济增长、贸易动态、自然资源、人力资本和可持续发展的影响。为了捕捉这些因素的复杂性，我们使用了一种新型动态半参数加法面板模型。此外，我们采用动态面板阈值模型来探讨自然资源在各种指标上对经济发展的敏感性，弥补以往非线性技术研究的空白。我们的研究结果与传统的金融发展和经济增长理论不同。虽然增加货币可能会促进贸易和发展，但它可能会阻碍可持续发展。有趣的是，金融市场扩张、经济改善和自然资源利用之间的关系呈现出倒“U”形的非线性模式。此外，金融部门的扩张显著影响人力资本与自然资源之间的相互作用。随着金融市场增长阈值的提高，经济增长对可持续发展的贡献更大，减轻了其负面影响。出现了一些启示，特别是关于通过全球经济和发展战略将能源匮乏降至最低。
