Sustainable Development: Economic, Social, and Environmental Sustainability in Asian Economies

Fizza Younis and Muhammad Aslam Chaudhary

MPRA Paper from University Library of Munich, Germany

Abstract: The study analyzes the relationship between social, economic, and environmental sustainability in a paradigm of sustainable development. Panel analysis is carried out for nineteen Asian economies, these are divided into three sub-groups; South Asia, Southeast Asia, and Central & East Asia. Results divulge a trade-off between economic and environmental sustainability when all countries are considered. Whilst, in the case of sub-regions no such trade-off is apparent. Furthermore, interactions between economic, social, and environmental sustainability with each other are found to be statistically significant, thus proving that these factors affect each other. It implies that, regarding the allocation of scarce financial resources, policymakers should be cautious while prioritizing among economic, social, or environmental sustainability and it should be done with discretion and prudence, nevertheless, ultimately these three pillars should converge to culminate in sustainable development. Some of the important factors, such as institutional quality, technological change, globalization, and social inclusiveness need to be the focus of sustainable development policies in Asia. These factors may act as transmission channels to achieve sustainable development in the region.

Keywords: Sustainable development; Economic sustainability; Social sustainability; Environmental sustainability; Empirical analysis; Asia; South Asia; Southeast Asia; Central Asia; East Asia; Development economics; Regional comparison (search for similar items in EconPapers)
JEL-codes: C3 C50 O1 O10 O13 O15 O2 Q01 (search for similar items in EconPapers)
Date: 2017, Revised 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/100551/1/MPRA_paper_100551.pdf original version (application/pdf)

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:pra:mprapa:100551

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().