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Nexus Between Sustainable Development, Adjusted Net Saving, Economic Growth, and Financial Development in South Asian Emerging Economies

Author

Listed:
  • Shahab Ud Din

    (Karakoram International University)

  • Muhammad Yar Khan

    (COMSATS University Islamabad)

  • Majid Jamal Khan

    (COMSATS University Islamabad)

  • Memoona Nilofar

    (Karakoram International University)

Abstract

In this paper, we empirically examine the association between sustainable development, adjusted net savings, financial development, economic growth and resources rent, using panel ordinary least squares technique, and panel generalized method of moments for a yearly panel data of three South Asia emerging economies, during the period of study from 1990 to 2020. We observed positive and significant effect of sustainable development goal index, financial development, and economic growth on the adjusted net saving, while the inflation rate and natural resource rent have negative and significant effect on sustainable development in South Asian emerging countries.

Suggested Citation

  • Shahab Ud Din & Muhammad Yar Khan & Majid Jamal Khan & Memoona Nilofar, 2022. "Nexus Between Sustainable Development, Adjusted Net Saving, Economic Growth, and Financial Development in South Asian Emerging Economies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2372-2385, September.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:3:d:10.1007_s13132-021-00818-6
    DOI: 10.1007/s13132-021-00818-6
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    Cited by:

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    2. Alex Adegboye & Abrams M.E. Tagem, 2023. "Tax and sustainable development in sub-Saharan Africa: Beyond accountability and responsiveness," WIDER Working Paper Series wp-2023-54, World Institute for Development Economic Research (UNU-WIDER).
    3. Ayad, Fayssal, 2023. "Mapping the path forward: A prospective model of natural resource depletion and sustainable development," Resources Policy, Elsevier, vol. 85(PA).
    4. Saud, Shah & Haseeb, Abdul & Haider Zaidi, Syed Anees & Khan, Irfan & Li, Huiyun, 2024. "Moving towards green growth? Harnessing natural resources and economic complexity for sustainable development through the lens of the N-shaped EKC framework for the European Union," Resources Policy, Elsevier, vol. 91(C).

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