بررسی تأثیر آسیب‌پذیری اقتصادی و کیفیت حکمرانی بر توسعه پایدار

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشجوی دکتری گروه اقتصاد دانشکده اقتصاد و مدیریت دانشگاه ارومیه، ارومیه، ایران

2 دانشیار گروه اقتصاد دانشکده اقتصاد و مدیریت دانشگاه ارومیه، ارومیه، ایران

10.48308/jem.2024.236682.1938

چکیده

در دهه‌های اخیر، رسیدن به اهداف توسعه پایدار از مهمترین ملاحظات سیاست‌گذاری کشورها بوده است. از این‌رو مطالعات متعددی به بررسی عوامل موثر بر توسعه پایدار پرداخته‌اند. به نظر می‌رسد آسیب‌پذیری اقتصادی تأثیر قابل توجهی بر اهداف توسعه پایدار داشته باشد ولی این مساله مورد توجه مطالعات قبلی قرار نگرفته است. این مطالعه با هدف بررسی تأثیر آسیب‌پذیری اقتصادی بر اهداف توسعه پایدار انجام گرفته و برای این منظور از داده‌های 48 کشور نوظهور طی دوره 2007-2021 استفاده گردیده است. همچنین برای تجزیه‌وتحلیل اثرات غیرخطی متغیرها و نقش کیفیت حکمرانی از رویکرد رگرسیون پانل انتقال ملایم بهره گرفته شده است. نتایج نشان می‌دهد که آسیب‌پذیری اقتصادی تأثیر منفی بر اهداف توسعه پایدار در کشورهای نوظهور دارد. اما بهبود کیفیت حکمرانی این اثر را تاحدی تقلیل می‌دهد. همچنین باز بودن اقتصاد و توسعه انسانی تأثیر مثبت، ولی وفور منابع طبیعی، شدت صنعتی‌شدن و شدت مصرف انرژی تأثیر منفی بر اهداف توسعه پایدار دارد. سیاست‌های کاهش آسیب‌پذیری اقتصادی و تقویت مقاومت اقتصادی، ایجاد صندوق مستقل برای درآمدهای حاصل از فروش منابع طبیعی و هدایت آن‌ها به سرمایه‌گذاری در زیرساخت‌ها، اصلاح ساختار تولید و ایجاد استاندارهای لازم در جهت کاهش شدت مصرف انرژی، کاهش موانع تجاری و بهبود فرآیند صنعتی‌سازی با توجه به ملاحظات زیست‌محیطی از توصیه‌های مهم این مطالعه است.

کلیدواژه‌ها

موضوعات


عنوان مقاله [English]

Investigating the Impact of Economic Vulnerability and the Quality of Governance on Sustainable Development

نویسندگان [English]

  • Qutaiba Nadhim ferman 1
  • Yousef Mohammadzadeh 2
  • Hassan Khodavaisi 2
  • Shahab Jahangiri 2
1 PhD Candidate in Economics, Faculty of Economics and Management, Urmia University, Urmia, Iran
2 Associate Professor of Economics, Faculty of Economics and Management, Urmia University, Urmia, Iran
چکیده [English]

In recent decades, achieving sustainable development goals has become a central policy objective for many countries. Consequently, numerous studies have examined the factors influencing sustainable development, with economic vulnerability emerging as a significant but previously overlooked factor. This study investigates the impact of economic vulnerability on sustainable development goals using data of 48 emerging economies over the period 2007-2021. Employing a Panel Smooth Transition Regression (PSTR) approach, the study analyzes the nonlinear effects of the variables and the moderating role of governance quality. The results indicate that economic vulnerability negatively affects sustainable development goals in emerging economies. However, improvements in governance quality can mitigate this adverse effect to some extent. The study further reveals that economic openness and human development have positive effects on sustainable development goals, while natural resource abundance, industrialization intensity, and energy intensity have negative effects. Policy recommendations include implementing measures to reduce economic vulnerability and enhance economic resilience, establishing independent funds to manage natural resource revenues and directing them towards infrastructure investments, reforming production structures and implementing standards to reduce energy intensity, lowering trade barriers, and promoting industrialization processes that consider environmental sustainability.

کلیدواژه‌ها [English]

  • Economic Vulnerability
  • Quality of Institutions
  • Sustainable Development
  • Abderrahim, C., & Mohamed, C. S. (2019). Institutional Quality and Sustainable Development in Arab Countries: Empirical Study. Magallat al-Tanmiyat wa-al-Siyasat al-Iqtisadiyyat, 21(1), 7-54.
  • Acemoglu, D. (2010). Theory, general equilibrium, and political economy in development economics. Journal of Economic Perspectives, 24(3), 17-32.
  • Acemoglu, D., Johnson, S., & Robinson, J. A. (2005). Institutions as a fundamental cause of long-run growth. Handbook of economic growth, 1, 385-472.
  • Ahmed, F., Kousar, S., Pervaiz, A., & Shabbir, A. (2022). Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries. Borsa Istanbul Review, 22(1), 189-196.
  • Angeon, V. & S. Bates (2015). Reviewing composite vulnerability and resilience indexes: A sustainable approach and application. World Development, 72, 140-162.
  • Aquilas, N. A., Ngangnchi, F. H., & Mbella, M. E. (2024). Industrialization and environmental sustainability in Africa: The moderating effects of renewable and non-renewable energy consumption. Heliyon, 10(4).
  • Arabmzar, A., Izadkhasti, H., & Beygmohammadi, S. (2020). Effective Factors on the Quality of Governance in Countries with Natural Resource Rent: Simultaneous Panel Data Equation Approach. Journal of Economics and Modelling, 11(1), 121-151 (In Persian)
  • Azam, M., Hunjra, A. I., Bouri, E., Tan, Y., & Al-Faryan, M. A. S. (2021). Impact of institutional quality on sustainable development: Evidence from developing countries. Journal of Environmental Management, 298, 113465.
  • Azizi, Z., & Faridzad, A. (2019). The role of good governance in controlling negative effects of economic vulnerability on GDP in selected countries of OPEC. Iranian Economic Development Analyses, 6(2), 61-82 (In Persian).
  • Bailey, S., & Bryant, R. (2005). Third world political ecology: an introduction. Routledge.
  • Barbier, E. B., & Burgess, J. C. (2021). Institutional quality, governance and progress towards the SDGs. Sustainability, 13(21), 11798.
  • Beşe, E., & Kalayci, S. (2021). Environmental Kuznets curve (EKC): empirical relationship between economic growth, energy consumption, and CO2 emissions: evidence from 3 developed countries. Panoeconomicus, 68(4), 483-506.
  • Briguglio, L. & W. Galea (2003). Updating and augmenting the economic vulnerability Index, occasional reports on islands and small states, NO 2004/4
  • Briguglio, L. P. (2016). Exposure to external shocks and economic resilience of countries: evidence from global indicators. Journal of Economic Studies, 43(6), 1057-1078.
  • Briguglio, L.; G. Cordina, N. Farrugia & S. Vella (2008). Economic Vulnerability and Resilience, Concepts and Measurements. Oxford Development Studies, 37(3), 229-247.
  • Brock, W., & Taylor, M. S. (2003). The kindergarten rule of sustainable growth. NBER Working Papers 9597, National Bureau of Economic Research, Inc.
  • Cariolle, J. (2011). The economic vulnerability index. Development, 9.
  • Chand, S. S., Nand, N., & Singh, B. (2024). Natural resource extraction and sustainable development: A case involving Pacific Island countries. Asia-Pacific Sustainable Development Journal, 31(1), 117-141.
  • Chauvet, L., Ferry, M., Guillaumont, P., Guillaumont Jeanneney, S., Tapsoba, S. J. A., & Wagner, L. (2016). Economic volatility and inequality: Do aid and remittances matter? (No. B152). FERDI Policy Brief.
  • Cordina, G. (2004). Economic vulnerability and economic growth: some results from a neo-classical growth modelling approach. Journal of Economic Development, 29(2), 21-39.
  • Dornean, A., Chiriac, I., & Rusu, V. D. (2021). Linking FDI and Sustainable Environment in EU countries. Sustainability, 14(1), 196.
  • Esseghir, A., & Khouni, L. H. (2014). Economic growth, energy consumption and sustainable development: The case of the Union for the Mediterranean countries. Energy, 71, 218-225.
  • Fu, R., & Liu, J. (2023). Revenue sources of natural resources rents and its impact on sustainable development: evidence from global data. Resources Policy, 80, 103226.
  • Gasimli, O., Haq, I. U., Munir, S., Khalid, M. H., Gamage, S. K. N., Khan, A., & Ishtiaq, M. (2022). Globalization and sustainable development: empirical evidence from CIS countries. Sustainability, 14(22), 14684.
  • Ghazouani, A., Xia, W., Ben Jebli, M., & Shahzad, U. (2020). Exploring the role of carbon taxation policies on CO2 emissions: contextual evidence from tax implementation and non-implementation European Countries. Sustainability, 12(20), 8680.
  • Gnangnon, S. K. (2014). Does structural economic vulnerability matter for public indebtedness in developing countries? Journal of Economic Studies, 41(5), 644-671.
  • Gnangnon, S. K., & Iyer, H. (2017). Structural economic vulnerability, trade policy and FDI Inflows. Journal of International Commerce, Economics and Policy, 8(01), 1750005.
  • Grossman, G. M., & Krueger, A. B. (1991). Environmental impacts of a North American free trade agreement. MIT Press, Cambridge.
  • Harris, J. M. (2003). Sustainability and sustainable development. International Society for Ecological Economics, 1(1), 1-12.
  • Hassoun, S. E. S., Chibi, A., Chekouri, S. M., & Terbeche, M. (2021). Institutional Quality and Sustainable Development: Empirical Study in 10 Arab Countries.
  • Huang, W., & He, J. (2023). Impact of energy intensity, green economy, and natural resources development to achieve sustainable economic growth in Asian countries. Resources Policy, 84, 103726.
  • Kaimuri, B., & Kosimbei, G. (2017). Determinants of sustainable development in Kenya. Journal of economics and sustainable development, 8(24), 17-36.
  • Kardos, M. (2014). The relevance of Foreign Direct Investment for sustainable development. Empirical evidence from European Union. Procedia Economics and Finance, 15, 1349-1354.
  • Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011). The worldwide governance indicators: Methodology and analytical issues1. Hague journal on the rule of law, 3(2), 220-246.
  • Koirala, B. S., & Pradhan, G. (2020). Determinants of sustainable development: Evidence from 12 Asian countries. Sustainable Development, 28(1), 39-45.‏
  • Laplante, B., Dasgupta, S., & Mamingi, N. (1998). Capital Market Responses to Environmental Performance in Developing Countries. Available at SSRN 604915.
  • Mombeuil, C. (2020). Institutional conditions, sustainable energy, and the UN sustainable development discourse: A focus on Haiti. Journal of Cleaner Production, 254, 120153.
  • Musa, M., Gao, Y., Rahman, P., Albattat, A., Ali, M. A. S., & Saha, S. K. (2024). Sustainable development challenges in Bangladesh: an empirical study of economic growth, industrialization, energy consumption, foreign investment, and carbon emissions—using dynamic ARDL model and frequency domain causality approach. Clean Technologies and Environmental Policy, 26(6), 1799-1823.
  • Musah, A. (2023). The role of institutional efficiency in achieving the SDGs: evidence from Africa. Journal of Business and Socio-economic Development.
  • Nguyễn, H. V., & Phan, T. T. (2023). Impact of economic growth, international trade, and FDI on sustainable development in developing countries. Environment, Development and Sustainability, 1-27.
  • Niaz, M. U. (2022). Socio-Economic development and sustainable development goals: a roadmap from vulnerability to sustainability through financial inclusion. Economic research-Ekonomska istraživanja, 35(1), 3243-3275.
  • Noy, I., & Yonson, R. (2018). Economic vulnerability and resilience to natural hazards: A survey of concepts and measurements. Sustainability, 10(8), 2850.
  • Omri, A., & Mabrouk, N. B. (2020). Good governance for sustainable development goals: Getting ahead of the pack or falling behind? Environmental Impact Assessment Review, 83, 106388.
  • Oteng-Abayie, E. F., Duodu, E., Mensah, G., & Frimpong, P. B. (2022). Natural resource abundance, environmental sustainability, and policies and institutions for environmental sustainability in sub-Saharan Africa. Resources Policy, 79, 103097.
  • Oviatt, K., & Brett, J. (2009). The intrinsic link of vulnerability to sustainable development. In Social vulnerability to disasters (pp. 51-71). CRC Press Boca Raton, FL, USA.
  • Pardi, F., Salleh, A. M., & Nawi, A. S. (2015). Determinants of sustainable development in Malaysia: A VECM approach of short-run and long-run relationships. American Journal of Economics, 5(2), 269-277.
  • Poniatowicz, M., Dziemianowicz, R., & Kargol-Wasiluk, A. (2020). Good governance and institutional quality of public sector: Theoretical and empirical implications. European Research Studies Journal, XXIII(2), 529-556.
  • Redmond, T., & Nasir, M. A. (2020). Role of natural resource abundance, international trade and financial development in the economic development of selected countries. Resources Policy, 66, 101591.
  • Ridzuan, A. R., Ismail, N. A., & Hamat, A. F. C. (2018). Foreign direct investment and trade openness: do they lead to sustainable development in Malaysia? EDITORIAL BOARD, 81, 0-1.
  • Robinson, J. A., & Acemoglu, D. (2012). Why nations fail: The origins of power, prosperity and poverty (pp. 45-47). London: Profile.
  • Sadeghi, Z., Nejati, M., & Sanaei, S. (2023). Investigating The Energy Resilience of Iran and Selected Neighboring Countries: The Multi-Region Input–Output Linear Programming Models. Journal of Economics and Modelling, 14(1), 163-186 (In Persian).
  • Sart, G. (2022). Impact of higher education and globalization on sustainable development in the new EU Member states. Sustainability, 14(19), 11916.
  • Seeliger, L., & Turok, I. (2013). Towards sustainable cities: extending resilience with insights from vulnerability and transition theory. Sustainability, 5(5), 2108-2128.
  • Sheikh, M. A., Malik, M. A., & Masood, R. Z. (2020). Assessing the effects of trade openness on sustainable development: evidence from India. Asian Journal of Sustainability and Social Responsibility, 5, 1-15.
  • Shirley, M. M. (2005). Institutions and development. In Handbook of new institutional economics (pp. 611-638). Boston, MA: Springer us.
  • Shuayb, A. S. S., Dube, S., Khalifa, W., Deka, A., Kareem, P. H., & Cavusoglu, B. (2024). The impact of natural resources rent, renewable energy, and governance on the environmental sustainability—Evidence from resource‐rich countries. In Natural Resources Forum. Oxford, UK: Blackwell Publishing Ltd.
  • Sofrankova, B., Kiselakova, D., & Onuferova, E. (2021). An empirical view on the determinants of sustainable economic development: Evidence from EU (28) Member States. In SHS web of conferences, 91, 01008). EDP Sciences.
  • Tacoli, C. (2013). The links between migration, globalization and sustainable development. In Survival for a Small Planet (200-206). Routledge.
  • Tamazian, A., Pineiro, C., Juan, C. & K. Vadlamannati (2009). Does Higher Economic and Financial Development Lead to Environmental Degradation: Evidence from BRIC countries. Energy Policy, 37, 246-253.
  • Udemba, E. N., & Keleş, N. İ. (2022). Interactions among urbanization, industrialization and foreign direct investment (FDI) in determining the environment and sustainable development: new insight from Turkey. Asia-Pacific Journal of Regional Science, 6(1), 191-212.
  • Van den Berg, H. (2016). Economic growth and development. World Scientific Publishing Company.
  • Voica, M. C., Panait, M., & Haralambie, G. A. (2015). The Impact of Foreign Direct Investment on Sustainable Development. Petroleum-Gas University of Ploiesti Bulletin, Technical Series, 67(3).
  • Wang, J., Zhang, Y., Twum, A. K., & Agyemang, A. O. (2024). Realizing sustainable development goals in sub‐Saharan Africa: The role of industrialization on consumption‐based carbon emission. Sustainable Development, 32(3), 2666-2677.
  • Zhang, L., Wang, Q., & Zhang, M. (2021). Environmental regulation and CO2 emissions: based on strategic interaction of environmental governance. Ecological Complexity, 45, 100893.