Environmental Aspects of Sustainable Economic Growth in the ASEAN Area

Analysis of energy consumption structure on CO[formula omitted] emission and economic sustainable growth

This study investigates the relationship between sustainable economic growth and foreign direct investment (FDI) in Saudi Arabia from 1980 to 2023. The ARDL approach and VECM technique are employed to analyze the short-run and long-run dynamics. The short-run results show mixed effects. Sustainable economic growth has a positive impact on current and one-period lagged FDI but a negative impact on the two periods lagged. Trade openness and infrastructure negatively affect FDI in the short run. Interestingly, oil rents and real economic growth also have negative short-run impacts on FDI, but these effects become positive with a longer lag. Long-run analysis reveals a negative relationship between trade openness, infrastructure, and oil rents with FDI, suggesting a potential crowding-out effect. Trade openness has a positive long-run impact on most variables, including sustainable growth, FDI, real growth, and CO2 emissions. Oil rents also have a positive long-run impact on these variables. This study finds six bidirectional causal relationships in the short run, primarily between trade openness, infrastructure, oil rents, and FDI. Unidirectional causality runs from oil rents, trade openness, exchange rate, sustainable growth, and real growth to FDI and infrastructure. Additionally, CO2 emissions cause FDI, and trade openness causes sustainable growth. While sustainable economic growth benefits FDI in the long run, short-term policies regarding trade openness and infrastructure require reevaluation. Oil revenue and real economic growth may initially deter FDI, but this reverses in the long term. To attract sustainable FDI, policymakers should focus on long-term economic growth strategies and consider reforms in trade and infrastructure policies. A comprehensive FDI strategy that moves beyond oil dependence and leverages trade openness is crucial to long-term economic diversification.

The Brundtland Commission Report of 1987 laid out the case for ongoing economic growth as an essential prerequisite for sustainable development. This paper identifies reasoning utilized in that Report to support the idea of ‘sustainable economic growth’. The paper then argues that this economic progrowth bias has continued to represent the dominant, mainstream viewpoint within the sustainable-development movement. In a similar vein, the paper suggests widespread support for the idea of ‘smart growth’ as a form of ‘sustainable urban growth’ capable of advancing the end of sustainable cities. The purpose of the paper is to make the case for the intrinsically unsustainable nature of economic and urban growth. Included among the results of the paper are references to publications from the 1990s and the current decade revealing mounting evidence of existent ecological limits to growth. As its central conclusion the paper argues that continued allegiance to the idea of ‘sustainable growth’ constitutes a major impediment to realizing the ends of sustainable development and sustainable cities.

This study has analysed the pattern in growth of area, production and productivity of major crop groups across the physiographic zones in the state of Odisha for the period 1993–94 to 2010–11. It has observed an unstable and unsustainable growth in area, production and productivity over the years in the state as well as in all physiographic zones. The relatively high growth rate of foodgrains production in Odisha has been achieved mainly through area effect. Although, contribution of technology towards sustainable output growth has been recognized, growth in the yield rate is slow. This sluggish growth in area, production and yield of all crop groups in the state is because of slow expansion of irrigation network, low level of fertilizer consumption, slow rate of technology adoption, and low level of infrastructural development. The slowdown in the process of cropping pattern change indicates the failure of most government efforts to diversify agriculture in the state. It is time to reform this sector and accord importance to food safety issues to meet the growing demand for quality food through stable and sustainable growth in agriculture and replacing subsidies with investments and infrastructural development.

PurposeThe market-based monetary policy framework has been favoured by Economic Community of West African States (ECOWAS) economies. Hence, this study aims to investigate the effect of monetary policy channels on the sectoral value added and sustainable economic growth in ECOWAS. Data from the World Bank and International Monetary Fund over 2013–2019 were sourced for thirteen member countries. ECOWAS is found to have very high inflation level, interest and exchange rates.Design/methodology/approachThe study adopted the Driscoll–Kraay fixed-effects ordinary least squares regression (OLS) estimator.FindingsThe findings revealed that while the effect of monetary policy channels on the agricultural sector value added is largely heterogenous and significantly in-elastic, the one on the industrial and services sectors are overwhelmingly homogeneous and negative, but insignificant for the services sector. Moreover, the effect of monetary policy channels on sustainable economic growth is also homogeneously asymmetric, with imminent stagflation, while the interactive effects of monetary policy channels are heterogeneous on sustainable economic growth and economic sectors. Therefore, an inflation targeting monetary policy stance is generally recommended with prioritised exchange rate stabilisation amid sufficient fiscal space.Originality/valueThis is amongst the first studies to investigate monetary policy channels, sectoral outputs and sustainable growth in the ECOWAS region with a rigorous analysis and found implications for policy.

Econometric evaluation of economic growth sustainability of various regions
 is provided. As it is stated, for the period of 1998–2012 economies of the North
 Caucasian and the Far Eastern federal districts tended to develop more sustainably,
 while economies of the Central and the Urals federal districts tended to
 develop less sustainably. Within the North Caucasian federal region, it was the
 Kabardino-Balkar Republic, that showed the most sustainable economic growth.
 Similarly, during the same period the Republic of Sakha (Yakutia) within the Far
 East federal district, the Krasnoyarsk Region within the Siberian federal district,
 the Leningrad Region within the North-West federal district and the Republic of
 Adygea within the Southern federal district were leaders in terms of sustainable
 development within their federal districts. As for the Volga federal district,
 the most sustainable economic growth was observed in the Republic of
 Bashkortostan; within the Urals federal district the most sustainable growth was
 observed in the Sverdlovsk Region and within the Central federal district —
 in Belgorod Region. The need to differentiate anti-crisis economic policy towards
 separate regions, dependant on the propensity of a regional economic system for
 sustainable economic growth, is emphasized.

Promoting decent work and sustainable economic growth within the framework of Sustainable Development Goal 8 (SDG 8) entails addressing gender inequality, the consequences of market economies, and the role of the informal sector while also considering environmental sustainability. Research on SDG 8 remains limited, often adopting an appraisal perspective, and the concept of decent work within this goal remains relatively unexplored. Additionally, the focus on the challenges and inadequacies of achieving sustainable economic growth through decent work in the context of SDG 8 is insufficient, resulting in significant knowledge gaps. To contribute to filling these gaps, this paper adopts a descriptive and critical review perspective, systematically analyzing 108 journal papers and reports to investigate the concept of decent work within SDG 8. The research addresses the challenges and inadequacies related to decent work embedded in SDG 8. The review reveals that while progress has been made in tackling gender inequality in the labor market, gender bias, income discrepancies, and underrepresentation of women in senior positions persist, hindering inclusive and sustainable economic growth, full and productive employment, and decent work for all - SDG 8. Moreover, SDG 8's focus on inclusive and sustainable development falls short of effectively addressing market economies' structural disparities, insecure working conditions, and exploitative labor practices. Additionally, support for informal sector workers, who lack essential rights such as legal protection and social security, remains insufficient. Ecological destruction is sometimes an unintended consequence of purely market-based labor markets with an emphasis on economic growth, with SDG 8 lacking sufficient integration of environmental sustainability in its framework. The novelty of this study comes from its in-depth, critical, and policy-focused analysis of the ideas around decent employment in the context of SDG 8. The findings underscore the importance of providing fair, safe, and secure employment opportunities to support economic growth and development while upholding workers' rights. In conclusion, we emphasize the crucial role of promoting decent work and sustainable growth in achieving SDG 8's overall objectives, as it directly impacts other SDGs.

This study investigated the impact of the people category of the Sustainable Development Goals (SDGs) on sustainable and conventional economic growth in Asia and the Pacific region, using a sample of 52 selected countries between 2000 and 2023. Employing two distinct models, model A1 for conventional economic growth and model A2 for sustainable economic growth, we explained the relationships between five SDG indicators: employed poverty rate, stunted children, expenditure on health, expenditure of education, and % of women MNAs on economic growth. This study employed a fixed-effect model and random-effect model to investigate the impact of the people category SDGs on traditional and sustainable economic growth. The comparative analysis of each SDG in both models revealed valuable insights. SDG 1, “employed poverty rate”, has a positive impact on economic growth in both models, while SDG 2, “percentage of stunted child”, did not significantly influence economic growth in either model. Moreover, SDG 3 and SDG 4, relating to “government’s health expenditure per capita” and “government’s Education education expenditure per capita”, respectively, exhibited a positive impact on traditional and sustainable economic growth. Conversely, SDG 5, “percentage of women members of national parliament”, displayed an insignificant impact on traditional and sustainable economic growth models. In conclusion, this study suggests that policymakers should prioritize targeted interventions to alleviate employed poverty, enhance healthcare, and boost education spending. Moreover, promoting women’s representation in national parliaments should be approached with context-specific strategies to maximize its impact on economic growth.

В настоящее время инструментам для устойчивого роста национальной экономики уделяется значительное внимание. Опыт анализа роли промышленности и оценки развития промышленности в рамках модели устойчивого роста экономики Социалистической Республики Вьетнам может быть использован для выявления перспектив развития экономик других развивающих стран. В статье исследуется развитие промышленности как ключевой инструмент для перехода к модели устойчивого роста экономики Вьетнама. В этом контексте обсуждаются взгляды на определение понятия «развитие промышленности» и выявляются основные направления моделирования экономического роста в современной экономике. На основе расчета вклада развития промышленности в рост ВВП Вьетнама и сравнительного анализа данных о развитии промышленности новых индустриальных стран, например Филиппин и Индонезии, показаны текущее состояние развития экономики Вьетнама и пути реализации модели устойчивого роста до 2030 г. Эффективное осуществление государственной стратегии развития промышленности оценивается на базе сравнения поставленных целей и результатов, достигнутых во Вьетнаме до 2020 г. Значительное внимание уделено процессам трансформации модели экономического роста за счет повышения уровня развития промышленности во Вьетнаме. В статье представлена концептуальная модель устойчивого роста экономики на основе развития промышленности, разработанная на базе системного подхода, объединяющая организационные, институциональные и экономические факторы развития промышленности и увязывающая его с триадой устойчивого развития. Выявлены основные проблемы развития промышленности во Вьетнаме на основе оценки развития промышленности в соответствии с основными блоками модели устойчивого роста экономики. В заключение предложены рекомендации по улучшению управления развитием промышленности во Вьетнаме в рамках этой модели. Currently, considerable attention is being paid to the issues of tools for sustainable growth of the national economy. An analysis of the role of industry and an assessment of the state of industrial development within the framework of a model of sustainable economic growth using the example of the Socialist Republic of Vietnam reveal the promising development of the economy in many developing countries of the world. This article examines the development of industry as a key tool for changing the model of sustainable economic growth in Vietnam. In this context, the main directions of modeling economic growth and the perspective on the definition of the concept of “industrial development” have been identified. Based on the calculation of the contribution of industrial development to the growth of Vietnam’s GDP and a comparative analysis of the data on the development of industry in new industrial countries, for example, the Philippines and Indonesia, the current state of development of the Vietnamese economy and ways to implement the model of sustainable growth until 2030 in Vietnam are shown. The effective implementation of the state strategy on the development of industry is evaluated on the basis of a comparison of the goal forecast and reality in Vietnam until 2020. The article presents a conceptual model of sustainable economic growth on the basis of industrial development, developed on the basis of a systematic approach, combines the organizational, institutional and economic factors of industrial development and links it with the triad of sustainable development. The main problems of the development of industry in Vietnam are identified on the basis of an assessment of the development of industry in accordance with the main blocks of the model of sustainable economic growth. In conclusion, recommendations are proposed for improving the management of industrial development in Vietnam in the framework of this model.

The recent tendency towards overpopulated cities has created an increased demand for the expansion of borders towards rural areas. This has modified the city–countryside relationship, giving rise to the concept of peri-urbanity. Based on these assumptions, this research paper aims to highlight the role and importance of sustainable development for the sustained progress of peri-urban regions, particularly by looking at international standards proposed by the United Nations. In other words, by encompassing the topics of sustainable and inclusive economic growth, decent work for all, and sustainable tourism, Goal 8 of the 17 Sustainable Goals proposed by United Nations represents a framework for the analysis of a peri-urban region located in Romania which is subject to massive development changes. This is realized by conducting extended qualitative research via the triangulation method, intended to compare and contrast three relevant perspectives: those of locals, those of professionals directly involved in the development of the area, and those presented in publicly available reports and statistics. The obtained results indicate factors such as air quality, water quality, space efficiency, and waste collection as being topics directly related to sustainability, while job availability and touristic development perspectives received lower interest. We stress that, despite the growth of urban areas and the migration of people from urban to peri-urban areas, more attention needs to be directed towards the protection of the environment. This is aimed at maintaining the authenticity of the region, specifically in terms of agricultural lands that can support the surrounding major cities. Our study will be relevant both to scholars and to actors in the domains of sustainability, sustainable economic growth, and tourism.

Since the 1978 economic reform, China has undergone a historical process of rapid urbanization. Although this process has been recognized as a key factor in the development of sustainable growth in China, low quality rural labor continues to limit the effectiveness of the country’s urbanization. Our study uses a spatial analysis framework to explore how the education level of rural laborers moderates the effect of urbanization on economic growth with provincial data collected from 1996 to 2015. Our results reveal that the influence of population urbanization on sustainable growth is mediated by the improvement of consumption capacity of urban dwellers and the industrial structural changes. The education level of rural laborers adjusts the urbanization’s influence on the consumption capacity of residents, which further affects economic growth. Empirical evidence indicates that the educationally limited rural population negatively moderates the impact of urbanization on sustainable economic growth by restraining the consumption capacity of migrating rural labor. It is also found that in some provinces with less-qualified rural labor, such as Gansu, Yunnan and Qinghai, population urbanization has not contributed to a corresponding economic growth, indicating that these provinces may have undergone urbanization without growth. These findings suggest that basic education is critical to the growth of income and consumption capacities of rural labor when laborers are migrating to urban areas. To achieve a valid urbanization process and sustainable growth, state and local governments must improve the basic education scheme, especially the nine-year compulsory education in Chinese rural areas through public financial investment and policy support.

Integrating Fourth Industrial Revolution (4IR) technologies in microgrid development offers significant potential to drive sustainable economic growth in rural areas of Nigeria. This paper explores how advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain can be leveraged to enhance the efficiency, reliability, and scalability of microgrids, which are critical for providing reliable electricity in underserved regions. The integration of 4IR technologies can optimize energy generation and distribution, enabling real-time monitoring, predictive maintenance, and decentralized energy management. These innovations not only improve the operational efficiency of microgrids but also facilitate the creation of new economic opportunities by powering local industries, supporting agricultural productivity, and enabling digital services in rural areas. Furthermore, the deployment of 4IR-enhanced microgrids can significantly reduce the carbon footprint of energy systems in rural communities by promoting the use of renewable energy sources. This contributes to Nigeria's broader sustainability goals and aligns with global efforts to combat climate change. The study also examines the socio-economic impacts of microgrid development, including job creation, improved quality of life, and the empowerment of local communities through increased access to electricity. The findings suggest that integrating 4IR technologies in microgrid development can play a pivotal role in addressing energy poverty, fostering economic resilience, and promoting inclusive growth in rural Nigeria. This research underscores the need for supportive policies, investment in technological infrastructure, and capacity-building initiatives to fully realize the potential of 4IR technologies in transforming rural energy systems. The implications for sustainable economic growth are profound, offering a pathway for rural areas to leapfrog into a more prosperous and sustainable future.

The purpose of this study, the researcher uses descriptive and verifiable analysis methods. Verifiable analysis through panel data regression analysis, by choosing the best approach from the Common Effect Model, Fixed Effect Model or Random Effect Model. The research variables consisted of natural resource factors (F_SDA) in the primary sector which were proxied from the contribution of the agriculture, forestry and fisheries sectors as well as the mining and quarrying sector to GDP, Foreign Investment (FDI), Government Expenditure (Blj_P), Average School Length (R_LS), Population Growth (Pert_Pduk) as free variables and Economic Growth (Pert_Ek) and Employment Opportunity Rate (TKK). Secondary data was obtained from BPS, the Ministry of Finance of the Republic of Indonesia, SatuData of the Ministry of Manpower. The type of data is panel data that was studied during the time period 2010 to 2019. The results of the study show that relatively high economic growth in areas with archipelagic characteristics does not have an impact on increasing employment opportunities. The F_SDA and FDI variables have no effect on economic growth in archipelagic areas, the Blj_P variables are influential and significant, while Pert_Pduk have an effect but not significantly on economic growth in archipelagic areas. The human resource factor variable that is proxied from the average of a long time (R_LS) has an effect but is negative and significant on economic growth in the archipelago. Overall, from this study, it was found that economic growth in the archipelago during the period from 2010 to 2019 was not of good quality.

WITHDRAWN: Monetary policy channels, sectoral outputs and sustainable growth in ECOWAS region: A rigorous analysis and implications for policy

The Indonesian government policy in encouraging sustainable economic growth to reduce unemployment, poverty and inequality is threatened to fail, because economic growth does not reach targets and is not of quality. The purpose of this research is to explain the four pillars of growth and development namely; human capital, social capital, institutional economics and entrepreneurship as the main drivers of quality and sustainable economic growth. This research method used primary data on entrepreneurship and SMEs in the provinces of Central Java and Yogyakarta. The correlational form of recursive model path analysis was used as analytical method. The research results show the very strong role of human capital as the main key in driving economic growth both directly and indirectly. The existence of human capital and social capital will further encourage new economic institutions, furthermore new economic institutions will encourage the competitiveness of productive entrepreneurship and high, quality, and sustainable regional economic growth. The policy implication is that high, quality, and fundamentally sustainable economic growth must be built on the four main pillars basis namely; human capital, social capital, institutional and entrepreneurship in order to be more successful in reducing development problems; unemployment, poverty and income inequality.