Capital accumulation and sustainable development in developing economies; role of natural resources development

Lei Shi and Jia Xu

Resources Policy, 2023, vol. 86, issue PA

Abstract: In the realm of economic development, the intricate interplay among capital accumulation, sustainable growth, and natural resource utilization has gained notable attention. This study delves into the connection between capital accumulation and sustainable development in developing economies, specifically highlighting the role of natural resource development. Employing the PVAR (Panel Vector Autoregression) model, data from 124 countries spanning 1980 to 2018 is analyzed. By examining the dynamic interactions between capital accumulation, natural resource development, and sustainable indicators, this research offers insights into their influences within developing economies. First, a positive correlation is found between increased capital accumulation and enhanced sustainable development indicators, emphasizing the impact of investments in physical and human capital. Second, the study underscores the intricate relationship between natural resource development and sustainable progress, revealing diverse impacts across nations. These findings have crucial implications for policymakers and researchers striving for balanced development while preserving natural resources for future generations.

Keywords: Capital accumulation; Sustainable development; Natural resources development; Human capital (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723008097
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pa:s0301420723008097

DOI: 10.1016/j.resourpol.2023.104098

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().