Sustainable common prosperity and resource rents: Regional analysis

Lihong Wang and Weiyu Gu

Resources Policy, 2024, vol. 97, issue C

Abstract: This study assesses how resource rent affects sustainable common prosperity in Asian regions from 2000 to 2019. Results indicate that a 1% increase in resource rent correlates with a decrease in sustainable common prosperity by 0.15% in Eastern Asia, 0.26% in Western Asia, and 0.465% in Central Asia, highlighting the complexities of managing resource revenues. Negative coefficients for state healthcare expenditure across all regions underscore challenges in healthcare effectiveness. Unemployment adversely impacts sustainable prosperity due to income loss and strains on public resources. Economic growth positively impacts Eastern Asia but negatively affects Western and Central Asia due to resource dependency and governance issues. Good governance promotes social cohesion and equitable development. To promote sustainable common prosperity, policies should focus on transparent resource management, fostering green growth, and engaging the private sector in sustainable job creation through partnerships and skills development.

Keywords: Resource rent; Sustainable common prosperity; Sustainable resources; Sustainable literacy; Asian regions (search for similar items in EconPapers)
JEL-codes: I25 O44 O53 Q32 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420724006500
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:97:y:2024:i:c:s0301420724006500

DOI: 10.1016/j.resourpol.2024.105283

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 ().