Investigating the impact of economic vulnerability and the quality of institutions on sustainable development

Document Type : Original Article

Authors

1 Economic and Management faculty, Urmia University, Urmia, Iran.

2 Department of Economics, Faculty of Economics and Management, Urmia University, Urmia, Iran.

10.48308/jem.2024.236682.1938

Abstract

In recent decades, sustainable development has been one of the most important policy goals of countries, and several studies have been conducted to investigate the factors affecting sustainable development. It seems that economic vulnerability has a significant impact on sustainable development goals, but this issue has not been considered by previous studies. This study was conducted with the aim of investigating the impact of economic vulnerability on sustainable development goals. For this purpose, data from 48 emerging countries during the period 2007-2021 have been used and the gentle transition panel regression (PSTR) approach has been used to analyze the nonlinear effects of variables and the role of governance quality. The results show that economic vulnerability has had a negative impact on sustainable development goals in emerging countries. But improving the quality of institutions reduces this effect to some extent. Also, the openness of the economy and human development has had a positive effect, but the abundance of natural resources, the intensity of industrialization, and the intensity of energy have had a negative effect on the goals of sustainable development. Policies to control economic vulnerability and strengthen economic resilience, proper management of revenues from the sale of natural resources, reducing energy intensity, improving trade and improving the industrialization process, according to environmental considerations, are among the important recommendations of this study.

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