Towards Sustainable Development of Mineral Resources in Sub-Saharan Africa: A Structural Equation Modeling Approach

Abstract

This study focuses on economic, governmental, social, and environmental factors and their impact on the sustainable development of mineral resources in sub-Saharan Africa. Using structural equation modeling (SEM) and data from 40 countries from 2010 to 2022, the research examines the hypothesized links between these factors and sustainable development. The results reveal a positive and statistically significant relationship between economic factors and sustainable development, underlining the crucial role of economic growth in achieving sustainable development goals. Furthermore, effective governance and policy implementation are strongly associated with better sustainable development, underscoring the importance of robust government action. This study also highlights the importance of social factors, demonstrating that increased community involvement and participation contribute positively to sustainable development. Contrary to the initial hypothesis, the research reveals a positive relationship between environmental factors and sustainable development, challenging existing ideas and suggesting the need for a more nuanced understanding of the interaction between environmental practices and sustainability. This study concludes with concrete recommendations, including prioritizing economic growth, improving governance and policy effectiveness, promoting social inclusion, and reassessing environmental conservation strategies. These findings provide valuable information for policymakers, corporations, and communities in sub-Saharan Africa, thus contributing to a more comprehensive understanding of the dynamics of sustainable development in the region.