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<p>As global economies increasingly seek to achieve growth without compromising environmental integrity, identifying the drivers of green productivity has become a strategic priority. This study explores how natural resource markets and institutional quality affect Green Total Factor Productivity (GTFP), with a particular emphasis on the moderating role of technological innovation. Anchored in the Resource-Based View (RBV) and institutional theory, the research suggests that natural resource markets and institutional factors play a significant role in converting resources into sustainable economic output. Using panel data from 35 OECD and 5 BRICS countries between 2000 and 2022, the study applies advanced panel regression techniques to analyze the dynamic interactions among resource trade, governance structures, and innovation capacity. The results indicate that natural resource imports enhance GTFP in both groups. However, exports, particularly in BRICS countries, negatively impact GTFP due to weaker institutional frameworks, limited value-added activities, and insufficient technological innovation. Strong institutional quality, reflected in political stability, government effectiveness, and the rule of law, significantly boosts GTFP, with stronger effects observed in OECD countries where governance systems are more developed. Additionally, technological innovation moderates these relationships, amplifying the positive effects of institutional quality and resource efficiency. Heterogeneity analysis further reveals significant regional and income-based variations, emphasizing the need for context-specific policy interventions. This study extends RBV and institutional theory to the field of green productivity and offers actionable policy recommendations for governments, development agencies, and stakeholders to align resource management, governance, and innovation for sustainable economic transformation.</p>

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Harnessing Innovation for a Greener Future: Unpacking the Interplay of Natural Resources, Institutional Quality, and Green Productivity in OECD and BRICS Nations

  • 期刊论文

  • 发表日期：

    2025年7月13日

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  • Cheng Limei,
  • Uragiwenimana Anathole,
  • Yakubu Awudu Sare,
  • Elizabeth Amoah

摘要

As global economies increasingly seek to achieve growth without compromising environmental integrity, identifying the drivers of green productivity has become a strategic priority. This study explores how natural resource markets and institutional quality affect Green Total Factor Productivity (GTFP), with a particular emphasis on the moderating role of technological innovation. Anchored in the Resource-Based View (RBV) and institutional theory, the research suggests that natural resource markets and institutional factors play a significant role in converting resources into sustainable economic output. Using panel data from 35 OECD and 5 BRICS countries between 2000 and 2022, the study applies advanced panel regression techniques to analyze the dynamic interactions among resource trade, governance structures, and innovation capacity. The results indicate that natural resource imports enhance GTFP in both groups. However, exports, particularly in BRICS countries, negatively impact GTFP due to weaker institutional frameworks, limited value-added activities, and insufficient technological innovation. Strong institutional quality, reflected in political stability, government effectiveness, and the rule of law, significantly boosts GTFP, with stronger effects observed in OECD countries where governance systems are more developed. Additionally, technological innovation moderates these relationships, amplifying the positive effects of institutional quality and resource efficiency. Heterogeneity analysis further reveals significant regional and income-based variations, emphasizing the need for context-specific policy interventions. This study extends RBV and institutional theory to the field of green productivity and offers actionable policy recommendations for governments, development agencies, and stakeholders to align resource management, governance, and innovation for sustainable economic transformation.