Efficient Utilization of Natural Resources and Economic Growth Drivers In Montana’s Economy
DOI:
https://doi.org/10.17605/cajssh.v6i3.1189Keywords:
Montana Economy, Natural Resource Management, Economic Growth, Sustainable Development, Mining, Agriculture, Energy Sector, Resource Efficiency, Environmental PolicyAbstract
Because of its abundant natural resources, Montana has traditionally been supported by mining, agricultural, and timber sectors, but is now embracing renewable energy and tourism more and more. Because environmental and economic stresses are rising, efficient management of natural resources is now recognized as a major factor in achieving sustainable development. Although many studies consider only single sectors, integrated investigations of how several resource-based sectors' interaction affects economic growth are not widespread. This study sets out to evaluate the contribution of resource efficiency across industries to economic development and explores any related environmental impacts or regional differences. By adopting a mixed-methods strategy consisting of time-series The study also shows that fossil fuel–fueled regions are at a greater risk of ecological degradation and are more vulnerable to economic fragility. The main uniqueness of this research is found in its multi-sectoral comparison and the attention given to climate resilience as an economic approach. The study indicates that Montana’s natural advantages are important, yet sustainable development over time requires advances in technology, integrative policy-making, and neighborhood-level governance. These results enhance ongoing conversations about sustainability in resource-dependent economies and give practical advice to those responsible for development decisions.
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