Ahammed, Sufian and Rana, Md. Masud and Uddin, Helal and Majumder, Shapan Chandra and Shaha, Saju (2024) Impact of blue economy factors on the sustainable economic growth of China. Environment, Development and Sustainability. ISSN 1573-2975
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This study examines how blue economy elements affect China’s economic growth. The analysis of China’s blue economy is conducted using secondary time-series data from 1980 to 2019. Fishing production includes aquaculture, agriculture, forestry, fishing, and fisheries. Trade and capital are used as the control variables. China’s GDP per capita shows economic growth. An ARDL model is used to analyze the data. This study’s ARDL short-run model showed long-term variable cointegration. TFF, AFF, AP, capital, and trade have positive and significant effects on China’s economic development. The preservation and sustainable use of seas, oceans, and marine assets for management are not set in stone and must be addressed in the context of China’s financial growth to aid nations in reaching the objectives of SDG 14 and its economic improvement plan. This research shows how seafood availability in developing parts of China may boost economic development and reduce food poverty. The report suggests fostering global collaboration to ensure the sustainability of water resources. The integration of blue and creative economies can play a crucial role in facilitating China’s sustainable economic growth. China has the potential to harness marine resources and intellectual property to cultivate fresh commercial prospects that simultaneously enhance economic prosperity and environmental well-being. This paper elucidates the concept of the blue economy and its capacity to uplift economically disadvantaged nations. A majority of the facets within the blue economy framework contribute positively to the advancement of Chinese economic development. Therefore, prioritizing various elements of the blue economy should be a strategic focus for China.
| Item Type: | Articles |
|---|---|
| Keywords: | China, Impact, Economy, Economic Impact, Blue Economy, Sustainable Development, Economic Development, Aquaculture |
| Subjects: | Aquaculture |
| Depositing User: | Vivek D ICSF |
| Date Deposited: | 04 Oct 2024 04:29 |
| Last Modified: | 04 Oct 2024 04:29 |
| URI: | http://icsfarchives.net/id/eprint/20297 |
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