Navigating the path for economic resilience and sustainable economic growth: Empirical insight from G-20 nations

• This study aims to examine the determinants of sustainable economic growth across G-20 nations using panel regression modeling. • The findings exhibit that GDP per capita, human capital stock, rent from natural resources, FDI and mild inflation rate have a favorable impact on sustainable economic growth of G-20 nations. • Conversely, the results affirm that CO 2 emission, agriculture sector and trade openness have adverse effect on sustainable economic growth. • The findings assert that the goal of sustainable economic growth requires substantial initiatives from international bodies, public authorities and NGOs. The global demand for sustainability has captured the attention of governments, policymakers, and academics, emphasizing the need to meet the current population's needs while preserving resources for future generations. However, there is vast scarcity of studies to explore the determinants of sustainable economic growth at the international level. Therefore, to assist the policymakers, academicians, government and international bodies, this study aims to examine the determinants of sustainable economic growth across G-20 nations. The current analysis has used the panel regression modeling by covering the time frame from 1974 to 2022 for G-20 nations. The findings exhibit that GDP per capita, human capital stock, rent from natural resources, FDI and mild inflation rate have a favorable impact on sustainable economic growth of G-20 nations. Conversely, the results affirm that CO 2 emission, agriculture sector and trade openness have adverse effect on sustainable economic growth. The findings have major policy implications for the government, policymakers and the international bodies for ensuring the sustainable economic growth around the world. The findings assert that this goal requires substantial initiatives from international bodies, public authorities and NGOs to raise awareness and enhance economic literacy among the general public.

Authors

Institutions

Publication Details

Journal
Sustainable Futures
Published
2024-10-10
DOI
https://doi.org/10.1016/j.sftr.2024.100338
Citations
11
Primary Topic
Sustainable Development and Environmental Policy
Type
article
Field-Weighted Citation Impact
7.81
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Navigating the path for economic resilience and sustainable economic growth: Empirical insight from G-20 nations

Shubham Garg, Sangeeta Mittal, Aman Garg
11 citations
Sustainable Futures
Sustainable Development and Environmental Policy
7.81
article

Navigating the path for economic resilience and sustainable economic growth: Empirical insight from G-20 nations

Shubham Garg, Sangeeta Mittal, Aman Garg
article en
11 citations

Abstract

• This study aims to examine the determinants of sustainable economic growth across G-20 nations using panel regression modeling. • The findings exhibit that GDP per capita, human capital stock, rent from natural resources, FDI and mild inflation rate have a favorable impact on sustainable economic growth of G-20 nations. • Conversely, the results affirm that CO 2 emission, agriculture sector and trade openness have adverse effect on sustainable economic growth. • The findings assert that the goal of sustainable economic growth requires substantial initiatives from international bodies, public authorities and NGOs. The global demand for sustainability has captured the attention of governments, policymakers, and academics, emphasizing the need to meet the current population's needs while preserving resources for future generations. However, there is vast scarcity of studies to explore the determinants of sustainable economic growth at the international level. Therefore, to assist the policymakers, academicians, government and international bodies, this study aims to examine the determinants of sustainable economic growth across G-20 nations. The current analysis has used the panel regression modeling by covering the time frame from 1974 to 2022 for G-20 nations. The findings exhibit that GDP per capita, human capital stock, rent from natural resources, FDI and mild inflation rate have a favorable impact on sustainable economic growth of G-20 nations. Conversely, the results affirm that CO 2 emission, agriculture sector and trade openness have adverse effect on sustainable economic growth. The findings have major policy implications for the government, policymakers and the international bodies for ensuring the sustainable economic growth around the world. The findings assert that this goal requires substantial initiatives from international bodies, public authorities and NGOs to raise awareness and enhance economic literacy among the general public.

Sustainable FuturesVol. 8
Guru Jambheshwar University of Science and Technology (IN)
Openalex Percentile: Top 3%
Sustainable Development and Environmental Policy
7.81
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.