The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis.
Sustainable development stands as both a goal and a prevailing trend in the global economy all the time. However, a comprehensive understanding of the internal and external determinants influencing sustainable development is necessary for the formulation of appropriate policies and development strat...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2025-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0315273 |
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| _version_ | 1849311638241411072 |
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| author | Huynh Ngoc Chuong Vo Tran Phuong Uyen Nguyen Dang Phuong Ngan Nguyen Thi Bao Tram Nguyen Dao Mai Han Pham Hoang Khanh Duyen |
| author_facet | Huynh Ngoc Chuong Vo Tran Phuong Uyen Nguyen Dang Phuong Ngan Nguyen Thi Bao Tram Nguyen Dao Mai Han Pham Hoang Khanh Duyen |
| author_sort | Huynh Ngoc Chuong |
| collection | DOAJ |
| description | Sustainable development stands as both a goal and a prevailing trend in the global economy all the time. However, a comprehensive understanding of the internal and external determinants influencing sustainable development is necessary for the formulation of appropriate policies and development strategies. This research investigates dimensions of sustainable development in the panel data of 104 selected countries from 2000 to 2020. These economies are categorized into four groups based on the level of development. The exclusive role is given to the impact of three key factors, based on the triple bottom line (TBL) model, such as globalization, labor, and renewable energy on sustainable development. We employ the panel unit root tests, cointegration tests, and pool mean group (PMG) approach to estimate the relationships between globalization, renewable energy, labor force, and sustainable development. The results indicate the positive effects of globalization, labor, and renewable energy on sustainable development. Furthermore, a higher level of renewable energy consumption promotes sustainable development within the divided groups. The findings highlight that the labor factor has a positive impact on the sustainable development of all groups of economies. Thereby, the sustainability policy are implied to focus on the educational policy, improving social stability and renewable energy sources, particularly in the middle trap countries. |
| format | Article |
| id | doaj-art-affbe746b0cb4ce489f907082560e52d |
| institution | Kabale University |
| issn | 1932-6203 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-affbe746b0cb4ce489f907082560e52d2025-08-20T03:53:21ZengPublic Library of Science (PLoS)PLoS ONE1932-62032025-01-01202e031527310.1371/journal.pone.0315273The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis.Huynh Ngoc ChuongVo Tran Phuong UyenNguyen Dang Phuong NganNguyen Thi Bao TramNguyen Dao Mai HanPham Hoang Khanh DuyenSustainable development stands as both a goal and a prevailing trend in the global economy all the time. However, a comprehensive understanding of the internal and external determinants influencing sustainable development is necessary for the formulation of appropriate policies and development strategies. This research investigates dimensions of sustainable development in the panel data of 104 selected countries from 2000 to 2020. These economies are categorized into four groups based on the level of development. The exclusive role is given to the impact of three key factors, based on the triple bottom line (TBL) model, such as globalization, labor, and renewable energy on sustainable development. We employ the panel unit root tests, cointegration tests, and pool mean group (PMG) approach to estimate the relationships between globalization, renewable energy, labor force, and sustainable development. The results indicate the positive effects of globalization, labor, and renewable energy on sustainable development. Furthermore, a higher level of renewable energy consumption promotes sustainable development within the divided groups. The findings highlight that the labor factor has a positive impact on the sustainable development of all groups of economies. Thereby, the sustainability policy are implied to focus on the educational policy, improving social stability and renewable energy sources, particularly in the middle trap countries.https://doi.org/10.1371/journal.pone.0315273 |
| spellingShingle | Huynh Ngoc Chuong Vo Tran Phuong Uyen Nguyen Dang Phuong Ngan Nguyen Thi Bao Tram Nguyen Dao Mai Han Pham Hoang Khanh Duyen The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. PLoS ONE |
| title | The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. |
| title_full | The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. |
| title_fullStr | The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. |
| title_full_unstemmed | The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. |
| title_short | The impact of globalization, renewable energy, and labor on sustainable development: A cross-country analysis. |
| title_sort | impact of globalization renewable energy and labor on sustainable development a cross country analysis |
| url | https://doi.org/10.1371/journal.pone.0315273 |
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