TY - JOUR
T1 - To import or not to import
T2 - A global comparative study of energy and natural resource policies for sustainable development
AU - Meng, Kui
AU - Zhong, Kaiyang
AU - Abbas, Shujaat
AU - Sofuoğlu, Emrah
AU - Kaosarat Olawunmi, Ibikunle
AU - Sinha, Avik
N1 - Publisher Copyright:
© 2023 Elsevier Ltd
PY - 2023/10/1
Y1 - 2023/10/1
N2 - Nonattainment of Sustainable Development Goals (SDG) is a pressing policy concern. The energy-led growth pattern needs a policy-level reorientation to address this concern. This present study examines the impacts of energy imports and natural resource rents on sustainable development across 127 countries over 1990–2019. The empirical model also takes account of population growth, corruption, and globalization. Using the cross-sectional augmented autoregressive distributed lag (CS-ARDL) method, the results reveal that energy imports negatively influence sustainable development in both the short and long run. The utilization of domestic natural resource rents has a positive yet insignificant influence on sustainable development. The roles of population growth and globalization are found to be favorable, while corruption has a negative effect on sustainable development. The study outcomes are utilized to develop a benchmark policy design to attain sustainable development. The policy framework is designed by reorienting the energy import and natural resource rent, while calibrating the effects of population growth, corruption, and globalization.
AB - Nonattainment of Sustainable Development Goals (SDG) is a pressing policy concern. The energy-led growth pattern needs a policy-level reorientation to address this concern. This present study examines the impacts of energy imports and natural resource rents on sustainable development across 127 countries over 1990–2019. The empirical model also takes account of population growth, corruption, and globalization. Using the cross-sectional augmented autoregressive distributed lag (CS-ARDL) method, the results reveal that energy imports negatively influence sustainable development in both the short and long run. The utilization of domestic natural resource rents has a positive yet insignificant influence on sustainable development. The roles of population growth and globalization are found to be favorable, while corruption has a negative effect on sustainable development. The study outcomes are utilized to develop a benchmark policy design to attain sustainable development. The policy framework is designed by reorienting the energy import and natural resource rent, while calibrating the effects of population growth, corruption, and globalization.
KW - CS-ARDL
KW - Energy dependence
KW - Globalization
KW - Natural resources
KW - Sustainable development
UR - http://www.scopus.com/inward/record.url?scp=85172420180&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2023.138490
DO - 10.1016/j.jclepro.2023.138490
M3 - Article
AN - SCOPUS:85172420180
SN - 0959-6526
VL - 421
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
M1 - 138490
ER -