Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter?
This paper empirically analyses the influences of the digital transformation process in the business and public sector on natural resources rents. Our paper employs the digital businesses (e-Commerce, including the value of online selling, e-Commerce turnover, e-Commerce web sales, and e-Business,...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-05-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/12748 |
| _version_ | 1797911903192743936 |
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| author | Ngô Thanh Mai Le Thanh Ha Trần Thi Mai Hoa Nguyen Thi Thanh Huyen |
| author_facet | Ngô Thanh Mai Le Thanh Ha Trần Thi Mai Hoa Nguyen Thi Thanh Huyen |
| author_sort | Ngô Thanh Mai |
| collection | DOAJ |
| description |
This paper empirically analyses the influences of the digital transformation process in the business and public sector on natural resources rents. Our paper employs the digital businesses (e-Commerce, including the value of online selling, e-Commerce turnover, e-Commerce web sales, and e-Business, including customer relationship management (CRM) usage and cloud usage) and the digital public services (user-centricity, business mobility, and key enablers), while we deal with the total natural rents (coal rents, mineral rents, natural gas rents, and forest rents). The various econometric techniques are applied to a sample of 26 European Union countries during the 2011-2019 period. Our estimation results demonstrate that both digital businesses and digital public services lead to a rise in total natural rents. More specifically, the digital businesses appear to have increased influences on coal rents, and gas rents, while the digital public services drive mineral rents, gas rents, and forest rents up. Conversely, digital public services tend to reduce coal rents and digital businesses lead to a decrease in mineral rents and forest rents. Notably, the economic complexity or the quality and diversification of the production system is the key variable for the digital economy aiming at shirking natural rent-seeking. The findings are consistent when we consider the specific type of natural resource rent regardless of whether they are affected differently by digital transformation.
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| first_indexed | 2024-04-10T11:47:58Z |
| format | Article |
| id | doaj.art-0fc03e60d8c1416ebc30b594805afbb5 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T11:47:58Z |
| publishDate | 2022-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-0fc03e60d8c1416ebc30b594805afbb52023-02-15T16:17:15ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-05-0112310.32479/ijeep.12748Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter?Ngô Thanh Mai0Le Thanh Ha1Trần Thi Mai Hoa2Nguyen Thi Thanh Huyen3Faculty of Environmental-Climate Change and Urban Studies; National Economics University, Hanoi, VietnamFaculty of Economics; National Economics University, Hanoi, Vietnam. Faculty of Investment, National Economics University, Hanoi, Vietnam.Faculty of Environmental-Climate Change and Urban Studies; National Economics University, Hanoi, Vietnam. This paper empirically analyses the influences of the digital transformation process in the business and public sector on natural resources rents. Our paper employs the digital businesses (e-Commerce, including the value of online selling, e-Commerce turnover, e-Commerce web sales, and e-Business, including customer relationship management (CRM) usage and cloud usage) and the digital public services (user-centricity, business mobility, and key enablers), while we deal with the total natural rents (coal rents, mineral rents, natural gas rents, and forest rents). The various econometric techniques are applied to a sample of 26 European Union countries during the 2011-2019 period. Our estimation results demonstrate that both digital businesses and digital public services lead to a rise in total natural rents. More specifically, the digital businesses appear to have increased influences on coal rents, and gas rents, while the digital public services drive mineral rents, gas rents, and forest rents up. Conversely, digital public services tend to reduce coal rents and digital businesses lead to a decrease in mineral rents and forest rents. Notably, the economic complexity or the quality and diversification of the production system is the key variable for the digital economy aiming at shirking natural rent-seeking. The findings are consistent when we consider the specific type of natural resource rent regardless of whether they are affected differently by digital transformation. https://econjournals.com/index.php/ijeep/article/view/12748digital businessdigital public servicesnatural rentseconomic complexityEuropean countries |
| spellingShingle | Ngô Thanh Mai Le Thanh Ha Trần Thi Mai Hoa Nguyen Thi Thanh Huyen Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? International Journal of Energy Economics and Policy digital business digital public services natural rents economic complexity European countries |
| title | Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? |
| title_full | Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? |
| title_fullStr | Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? |
| title_full_unstemmed | Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? |
| title_short | Effects of Digitalization on Natural Resource Use in European Countries: Does Economic Complexity Matter? |
| title_sort | effects of digitalization on natural resource use in european countries does economic complexity matter |
| topic | digital business digital public services natural rents economic complexity European countries |
| url | https://econjournals.com/index.php/ijeep/article/view/12748 |
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