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Pré-Publication, Document De Travail Année : 2021

Fast and Sustainable Development Space: An Integrated Approach

Résumé

Objective: The paper investigates the fast and sustainable development, then, discusses some policy implications to enhance the development process. The fast development is based on the economic growth rate combined with income distribution, while the sustainable development is based on the genuine savings per GDP and the biocapacity reserve. Methodology: The research method employs a quantitative analysis on a data sample of 172 economies over the 1992-2016 period. The empirical evidence is based on both a cross-section regression with each variable is average over time and a panel-data fixed-effect regression which captures the constant heterogeneity across countries. Findings: The empirical evidence records that the impact of economic growth rate on the income inequality follows an inverted-U-shaped curve or Kuznet curve, while its impact on the genuine savings per GDP and biocapacity reserve follows a linear increasing line. Based on this evidence, we also show that only 27/172 economies have available space to raise its economic growth rate over the fast and weak sustainable development path. And only 15/172 economies have available space to raise its economic growth rate along the fast and strong sustainable development path. Implications: The results suggest that an economy can first attain the objective of fast and weak sustainable development, then, the fast and strong sustainable development. The transmission from fast and weak sustainable development to the fast and strong sustainable develoment is difficult, thus, needs the appropriated public policy architecture.
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hal-03408272 , version 1 (29-10-2021)

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  • HAL Id : hal-03408272 , version 1

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Ly Dai Hung. Fast and Sustainable Development Space: An Integrated Approach. 2021. ⟨hal-03408272⟩
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