China’s Economic outlook, mineral resources and green finance: the role of technological innovation
摘要
This research study evaluates the dynamic nature of the relationship between mineral resources, green finance, renewable energy use, technological innovation and economic growth in China during the period, 1998–2024. With China striving to attain sustainable development along with the ongoing economic growth, the better understanding of how the use of resources, financial innovation, clean energy transition, and technology development interact to influence growth is even more relevant. Since the literature ignores to deal with the possibility of structural changes, which can alter the long-run consequences of such determinants. In an attempt to fill in this gap, the current research makes use of an extensive econometric model including, unit root test with structural breaks, and the Bayer-Hanck test of cointegration, the Fully Modified OLS (FMOLS), the Dynamic OLS (DOLS) and Canonical Cointegrating Regression (CCR) models and structural-break tests and Granger causality tests. In the findings, the long-run equilibrium between the variables is stable, with mineral resources, green finance, renewable energy use, and technological innovation having positive and significantly statistically significant impacts on the economic growth. The growing significance of green finance is played out by a structural break that has been noted approximately in 2013. These empirical results suggest that the strengthening of green financial regimes, stimulation of renewable energy investments, better resource management, and augmentation of technological innovation should be among the major policy priorities of the long-term economic development of China.