Economic Growth and Sustainable Development in Asia: The Role of Political Institutions and Natural Resources
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Issue Vol. 20 No. 1 (2025)
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The Journal Problemy Ekorozwoju/ Problems of Sustainable Development as a Polish Platform for International Interdisciplinary Scientific Discourse
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Economic Growth and Sustainable Development in Asia: The Role of Political Institutions and Natural Resources
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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.
