Digital Trade, Carbon Finance, and Sustainable Natural Resource Management: A Case Study of Thailand in the Globalized Economy

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Provides empirical evidence on carbon finance effectiveness using NARDL, useful for similar studies in other emerging economies.

🏢実務担当者:Highlights carbon finance as a tool for sustainable resource management, relevant for corporate sustainability strategies in resource-intensive sectors.

🏛政策担当者:Suggests refining globalization and digital trade policies to mitigate environmental harm while leveraging carbon finance, applicable to Thailand and similar contexts.

This research has examined the role of carbon finance, globalization, and digital trade for shaping sustainable management of total natural resources (TNR) in Thailand over the period of 2000 to 2022. For the analysis of these relationships and capturing potential asymmetries, the research employs a Non-linear Autoregressive Distributed Lag (NARDL) model, which allows both short-run and long-run effects to be determined across different quantiles. The empirical outcomes reveals that globalization has a negative and significant effect on TNR in both short and long run, which suggests an increased economic integration would worsen natural resource depletion. Digital trade also reveals generally negative relationship with TNR, although its long-run impact is significantly adverse, the short-run effects are statistically insignificant, highlighting complex temporal dynamics. On contrast, carbon finance shows a positive and significant impacts on natural resource management across time horizons, underscoring its potential as a sustainable financial mechanism. Moreover, the economic growth is found to have a positive relationship with TNR, that likely to reflect increased extraction and utilization of finite resources rather than sustainable use, signalling a potential trade-off which challenges long-term environmental objectives. The findings of study offer crucial insights for policy implications for Thailand, focusing the need to refine globalization and digital trade policies for mitigating their environmental impacts, while simultaneously leveraging carbon finance to promote sustainable resource management. These insights contribute towards development of integrated strategies for balancing economic development with environmental sustainability in context of Thailand’s evolving digital economy.

• openalex https://doi.org/10.5755/j01.ee.37.2.41957first seen 2026-05-15 18:21:51