Improving Natural Resource Efficiency: The Role of Eco-Innovation, Recycling, Waste Management, Youth Education and Digital Finance to Promote Sustainability

Xiaotian Xu; Fang Yang

doi:10.5755/j01.ee.37.2.41721

Authors

Xiaotian Xu Business School, Hubei University, China
Fang Yang School of Special Education, Zhengzhou Normal University, P.R. China

DOI:

https://doi.org/10.5755/j01.ee.37.2.41721

Keywords:

Natural Resource Efficiency, Eco-Innovation, Recycling, Waste Management, Digital Finance, Sustainability

Abstract

This research has addressed the crucial significance of natural resource efficiency for achieving sustainable development, specifically between contemporary environmental challenges. However, previous research has highlighted the relevance of eco-innovation, recycling of waste management, youth education, and digital finance for sustainability, their combined impact on natural resource efficiency remains undiscovered. The study focused on China and Korea over the period of 2000 to 2022, employing advanced panel data econometric techniques, which include Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS), for empirically testing these variables on natural resource efficiency. The outcomes shows that eco-innovation, recycling, youth education, and digital finance have significantly contributed towards enhancing the efficient use of natural resources. The outcome underscores the synergistic role of technological innovation, educational advancement, sustainable waste practices, and digital financial platforms for promoting sustainable developments. The policy implications focus on the significance of integrating these factors for fostering responsible resource sustainability in resource-abundant economies.

Author Biographies

Xiaotian Xu, Business School, Hubei University, China

Xiaotian Xu is a student at the Business School of Hubei University, China. His research interests focus on business management, finance, and emerging trends in organizational development. Xiaotian has actively participated in academic projects and studies aimed at understanding contemporary business strategies and market dynamics. He can be reached via email at 201701111200023@stu.hubu.edu.cn. ORCID: 0009-0006-7735-5397.
Fang Yang, School of Special Education, Zhengzhou Normal University, P.R. China

Fang Yang is a researcher and faculty member at the School of Special Education, Zhengzhou Normal University, China. As the author, Fang Yang specializes in special education, inclusive teaching strategies, and educational research aimed at improving learning outcomes for students with diverse needs. They have contributed to various academic studies and projects in the field of special education. ORCID: 0009-0004-3365-792X.