Obtaining green environmental revival through natural resources price variations: Estimations through GARCH technique

Abstract

The study aims to determine how price fluctuations in metallic resource supplies impact China’s environmental performance. This research evaluates the impact of the price volatility of nickel, aluminum, gold, and aluminum on environmental performance in China from 2001 to 2019 to provide an answer to this topic. By examining the robustness of outcomes, the conventional DCC-GARCH approach clarifies the study findings and offers wide policy implications for the most recent topicality CS-ARDL. According to the study, the fluctuation in metal prices significantly influences the nation’s GDP. The research’s findings show that over the sample period, the price volatility of metallic resources was 23%, and this shift implied a 17.24% change in environmental performance. The findings of the study so ensure that every effort will be made to prevent environmental instability by supporting financial resource volatility recovery via governmental agencies, environmental ministries, and departments. The research has several policy implications, including the necessity for different government aid programs and financial agreements that guarantee environmental growth and resilience. The research’s policy recommendations are intended to lessen the impact of structural events and increase environmental effectiveness. Research on financial resource recovery is dispersed and understudied despite the issue having a growing corpus of literature.