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Sustainable common prosperity and resource rents: Regional analysis

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  • Wang, Lihong
  • Gu, Weiyu

Abstract

This study assesses how resource rent affects sustainable common prosperity in Asian regions from 2000 to 2019. Results indicate that a 1% increase in resource rent correlates with a decrease in sustainable common prosperity by 0.15% in Eastern Asia, 0.26% in Western Asia, and 0.465% in Central Asia, highlighting the complexities of managing resource revenues. Negative coefficients for state healthcare expenditure across all regions underscore challenges in healthcare effectiveness. Unemployment adversely impacts sustainable prosperity due to income loss and strains on public resources. Economic growth positively impacts Eastern Asia but negatively affects Western and Central Asia due to resource dependency and governance issues. Good governance promotes social cohesion and equitable development. To promote sustainable common prosperity, policies should focus on transparent resource management, fostering green growth, and engaging the private sector in sustainable job creation through partnerships and skills development.

Suggested Citation

  • Wang, Lihong & Gu, Weiyu, 2024. "Sustainable common prosperity and resource rents: Regional analysis," Resources Policy, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:jrpoli:v:97:y:2024:i:c:s0301420724006500
    DOI: 10.1016/j.resourpol.2024.105283
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    More about this item

    Keywords

    Resource rent; Sustainable common prosperity; Sustainable resources; Sustainable literacy; Asian regions;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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