Sustainable development spillover effects among selected Asian countries: Analysis of integrated sustainability perspective

Yao Liang, Xu Jin and Vahid Taghvaee

Socio-Economic Planning Sciences, 2024, vol. 91, issue C

Abstract: This study aims to investigate how different pillars of sustainable development in Iran interrelate with those in Russia and Saudi Arabia from the perspective of integrated sustainability. For this investigation, it assesses the spillover effects of sustainable development in these countries by estimating their sustainability elasticities. It maps the regional spillover effects between the sustainability of Iran versus those of Russia and Saudi Arabia using SEY model by estimating the elasticities of sustainability with a combination of Simultaneous Equations System, Vector Autoregressive (VAR) model, and Granger causality technique. The results confirm the integrated sustainability perspective in terms of the interconnection of sustainable development spillover effects from Russia and Saudi Arabia to Iran. Most of the estimated coefficients are statistically significant, showing high elasticities of sustainability and considerable spillover effects which confirms the perspective of integrated sustainability with spillover effects as the 4th pillar of sustainability. However, the results reject both weak and strong sustainability perspectives. According to the findings of this study, policy-makers should follow flow-based governance instead of local-based governance. In this approach, strategists should improve the international relationship with other countries, especially Iran, Russia, and Saudi Arabia. Moreover, decision-makers should establish a peaceful and strong connection with other countries via signing international agreements, treaties, and understandings.

Keywords: Integrated sustainability; Spillover effects; Sustainable development; Sustainability elasticities (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0038012123002938
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:soceps:v:91:y:2024:i:c:s0038012123002938

DOI: 10.1016/j.seps.2023.101781

Access Statistics for this article

Socio-Economic Planning Sciences is currently edited by Barnett R. Parker

More articles in Socio-Economic Planning Sciences from Elsevier
Bibliographic data for series maintained by Catherine Liu ().