China economic performance and natural resources commodity prices volatility: Evidence from China in COVID-19

Ming Deng

Resources Policy, 2022, vol. 75, issue C

Abstract: Since the beginning of the 21st century, the world has faced many challenges, including the 2003 oil price hike, the 2007-08 global financial crisis, among others. While the recent Covid-19 outbreak slowdown economic performance and create uncertainty in natural resources commodity prices, which brought the attention of academic research. Current study examined economic performance and natural resource commodity price volatility in China over the period 1990–2020. Also, this study considers the role of renewable energy investment, renewable electricity output, and green finance in the pre and post Covid-19 pandemic periods. For empirical investigation, this study employed dynamic ordinary least square (DOLS), fully modified ordinary least square (FMOLS), and Canonical Cointegrating Regression (CCR). The outcomes reveal that the first-differenced stationary variables are all cointegrated in the long run. While these estimators confirmed that natural resources commodity price volatility negatively affects economic performance. Besides, the results validate the positive impact of renewable energy investment, renewable electricity output, and green finance on economic performance. The results are found robust and consistent, justified by Robust regression. These findings could have essential economic, natural resources, and energy implications for policymakers, governors, and researchers.

Keywords: Natural resource commodity price volatility; Economic performance; Renewable energy investment; Green finance; Covid-19 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:75:y:2022:i:c:s0301420721005328

DOI: 10.1016/j.resourpol.2021.102525

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