Do Remittance Inflows, Investment Attributes, and Regional Integration Accelerate Sustainable Economic Growth in Asia?

Raza, Muhammad Ahsan; Chen, Yan; Abbas, Hafiz Syed Mohsin; Ilahi, Sara

doi:10.1007/s13132-023-01126-x

Cited by 4 publications

(1 citation statement)

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“…Strong institutions can enforce environmental regulations and other policies designed to promote sustainable development. This can help reduce pollution, protect natural resources, and promote sustainable production and consumption patterns [52][53][54][55]. Institutions can support innovation by promoting research and development and creating incentives for innovation in sectors that promote productive capacities and sustainable development.…”

Section: Plos Onementioning

confidence: 99%

Encirclement of productive capacities and institutions in context of sustainable development

Guo,

Madni

2024

PLoS ONE

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The question of whether productive capacities and institutional quality facilitate or impede progress towards sustainable development is a significant issue that has not been extensively explored in prior literature. Despite their importance, these variables are often overlooked in the literature on sustainable development, yet they play a crucial role in enabling efforts to achieve sustainable development. In this study, we examined how productive capacities affect sustainable development, with a moderating impact of institutional quality. The sample was comprised of 44 Belt and Road Initiative (BRI) economies, covering the period from 2000 to 2018. Using a two-step system GMM, we found that the relation between productive capacities and sustainable development is dynamic, positive, and significant. Additionally, institutional quality played a moderating role in achieving sustainable development, especially among regionally connected countries. Our findings suggest that sustainable development is strongly linked to a country’s productive capacities. Therefore, improving productive capacities and institutional quality may lead to long-term development and sustainability. These results are valuable to academia as they provide new thought regarding the influence of productive capacities and institutional quality on sustainable development, and policymakers may benefit from the suggestions presented regarding productive capacities and institutional quality.

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Section: Plos Onementioning

confidence: 99%