Time-Varying linkages among financial development, natural resources utility, and globalization for economic recovery in China

The relationship between the availability of natural resources and environmental degradation give rise to sig-nificant ecological effects. Recognizing the importance of natural resources, urbanization, and human capital is essential for rapid economic growth. Therefore, it is crucial to consider the factors which contribute to envi-ronmental sustainability, by examining the connections between China's total natural resources, gross domestic product (GDP), urbanization, and economic recovery from 1980 to 2018. In this study, the dynamic autore-gressive distributed lag (ARDL) model was used. These findings demonstrate that an increase in natural resources negatively impacts economic development in the long run. However, long-term gains in financial development and natural resources have led to higher economic recovery. Finally, urbanization has a significant and negative long-term effect on green economic growth. This study recommends management strategies for increasing ur-banization and reducing the associated urban, environmental, and economic difficulties for policymakers and government authorities.

Automated summary

The relationship between the availability of natural resources and environmental degradation has significant ecological effects. Understanding the importance of natural resources, urbanization, and human capital is crucial for rapid economic growth. Examining the connections between China's total natural resources, GDP, urbanization, and economic recovery, this study shows the long-term impact of these factors on economic development, financial growth, and green economic growth.