Economic Growth and Sustainable Development in Asia: The Role of Political Institutions and Natural Resources
Li Guo
Gllndx86@163.comLiaoning University, School of Finance and Trade (China)
Romanus Osabohien
Universiti Tenaga Nasional (UNITEN), Institute of Energy Policy and Research (IEPRe), Kajang (Malaysia)
Armand Fréjuis Akpa Akpa
Institut Supérieur Agronomique et Vétérinaire de Faranah (ISAV/F), Faranah (Guinea)
Mamdouh Abdulaziz Saleh Al-Faryan
Board Member and Head of the Scientific Committee at The Saudi Economic Association, Riyadh (Saudi Arabia)
Abstract
While economic growth will help to achieve individuals’ welfare by increasing their capita income sustainable development must made safe the environment in which individuals live. To achieve these goals, nations must extract their natural resource and need strong institutions. The goals of this paper are to analyse the effects of political institutions and natural resource on economic growth by one side and by the other on sustainable development. Data are collected from world bank development on Asian countries during the period 2002-2023 and both POLS, FEM and GMM are used for estimate. Outcomes suggest that political institutions and natural resource effects on economic growth and sustainable development are mixed. This means that there is a need to reinforce institutions in Asian nations if they want that the extraction of their natural resource alleviates poverty, achieves people’s welfare while ensuring the sustainable development.
Keywords:
political institutions, natural resource, economic growth, sustainable developmentReferences
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Authors
Romanus OsabohienUniversiti Tenaga Nasional (UNITEN), Institute of Energy Policy and Research (IEPRe), Kajang Malaysia
Authors
Armand Fréjuis Akpa AkpaInstitut Supérieur Agronomique et Vétérinaire de Faranah (ISAV/F), Faranah Guinea
Authors
Mamdouh Abdulaziz Saleh Al-FaryanBoard Member and Head of the Scientific Committee at The Saudi Economic Association, Riyadh Saudi Arabia
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