Factors impacting sustainable development in selected South Asian economies: Empirical evidence
This study examines selected economic, social, and environmental aspects influencing sustainable development in four South Asian economies, namely, Bangladesh, India, Pakistan, and Sri Lanka. Applying the panel auto regressive distributed lag model, this study explores whether the gross domestic pro...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-06-01
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| Series: | Sustainable Futures |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825001273 |
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| Summary: | This study examines selected economic, social, and environmental aspects influencing sustainable development in four South Asian economies, namely, Bangladesh, India, Pakistan, and Sri Lanka. Applying the panel auto regressive distributed lag model, this study explores whether the gross domestic product per capita, terms of trade, employment rates, household spending, and carbon emissions affect the respective economies, considering data from 2000 to 2022. The study uses adjusted net savings as a proxy for sustainable development linking environmental health, social well-being, and economic growth. In addition to economic benefits, the study emphasizes the importance of social dynamics and environmental responsibility in the context of sustainable development theory. The new insights gained from this research could be used by policymakers to improve living standards while balancing growth and sustainability. The results reveal the critical role that social cooperation and exchange play in influencing economic outcomes, especially considering the distinct social and cultural landscape of South Asia. The study also offers useful recommendations for long-term advancement in these emerging economies by reexamining development promises. |
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| ISSN: | 2666-1888 |