Economic Growth and Sustainable Development in Asia: The Role of Political Institutions and Natural Resources

Li Guo

Gllndx86@163.com
Liaoning 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 development

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Published
2025-01-10

Cited by

Guo, L., Osabohien, R., Akpa, A. F. A., & Al-Faryan, M. A. S. (2025). Economic Growth and Sustainable Development in Asia: The Role of Political Institutions and Natural Resources . Problemy Ekorozwoju, 20(1), 288–309. https://doi.org/10.35784/preko.6620

Authors

Li Guo 
Gllndx86@163.com
Liaoning University, School of Finance and Trade China

Authors

Romanus Osabohien 

Universiti Tenaga Nasional (UNITEN), Institute of Energy Policy and Research (IEPRe), Kajang Malaysia

Authors

Armand Fréjuis Akpa Akpa 

Institut Supérieur Agronomique et Vétérinaire de Faranah (ISAV/F), Faranah Guinea

Authors

Mamdouh Abdulaziz Saleh Al-Faryan 

Board Member and Head of the Scientific Committee at The Saudi Economic Association, Riyadh Saudi Arabia

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