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Regional sustainable development: The relationship between natural capital utilization and economic development

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  • Xianhui Hou
  • Jingming Liu
  • Daojun Zhang

Abstract

With the importance of sustainable development widely accepted, the relationship between natural capital utilization and economic development has become a global focus. This study analyzes the relationship between the utilization of natural capital and economic development in the countries along China's “Belt and Road” initiative using a panel regression model. The results show that the labor force, rural and urban populations, and exports and imports have a significant impact on both natural capital consumption and economic development. However, the impact of exports and imports on economic development here is contrary to economic theory and experience. We also find that there is still resource dependence in economic development and that natural capital consumption has a long‐run impact on it. To address this, the “Belt and Road” countries should adopt comprehensive national and regional measures to build a mutually beneficial cooperative mechanism and trade environment.

Suggested Citation

  • Xianhui Hou & Jingming Liu & Daojun Zhang, 2019. "Regional sustainable development: The relationship between natural capital utilization and economic development," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(1), pages 183-195, January.
    • Handle: RePEc:wly:sustdv:v:27:y:2019:i:1:p:183-195
    DOI: 10.1002/sd.1915
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    Cited by:

    1. Chao Wei & Qiaowen Lin & Li Yu & Hongwei Zhang & Sheng Ye & Di Zhang, 2021. "Research on Sustainable Land Use Based on Production–Living–Ecological Function: A Case Study of Hubei Province, China," Sustainability, MDPI, vol. 13(2), pages 1-21, January.
    2. Enxiang Cai & Weiqiang Chen & Hejie Wei & Jiwei Li & Hua Wang & Yulong Guo & Xinwei Feng, 2020. "The coupling characteristics of population and residential land in rural areas of China and its implications for sustainable land use," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 646-656, July.
    3. Liu, Jingming & Hou, Xianhui & Wang, Zhanqi & Shen, Yue, 2021. "Study the effect of industrial structure optimization on urban land-use efficiency in China," Land Use Policy, Elsevier, vol. 105(C).
    4. Yu Hao & Yingting Wang & Qiuwei Wu & Shiwei Sun & Weilu Wang & Menglin Cui, 2020. "What affects residents' participation in the circular economy for sustainable development? Evidence from China," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1251-1268, September.
    5. Parvaneh Sobhani & Hassan Esmaeilzadeh & Seyed Mohammad Moein Sadeghi & Isabelle D. Wolf & Yaghoub Esmaeilzadeh & Azade Deljouei, 2022. "Assessing Spatial and Temporal Changes of Natural Capital in a Typical Semi-Arid Protected Area Based on an Ecological Footprint Model," Sustainability, MDPI, vol. 14(17), pages 1-16, September.
    6. Yigang Wei & Yan Li & Meiyu Wu & Yingbo Li, 2020. "Progressing sustainable development of “the Belt and Road countries”: Estimating environmental efficiency based on the Super‐slack‐based measure model," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 521-539, July.
    7. Yani Wang & Mingyi Du & Lei Zhou & Guoyin Cai & Yongliang Bai, 2019. "A Novel Evaluation Approach of County-Level City Disaster Resilience and Urban Environmental Cleanliness Based on SDG11 and Deqing County’s Situation," Sustainability, MDPI, vol. 11(20), pages 1-13, October.
    8. Zhicheng Lai & Lei Li & Zhuomin Tao & Tao Li & Xiaoting Shi & Jialing Li & Xin Li, 2023. "Spatio-Temporal Evolution and Influencing Factors of Ecological Well-Being Performance from the Perspective of Strong Sustainability: A Case Study of the Three Gorges Reservoir Area, China," IJERPH, MDPI, vol. 20(3), pages 1-25, January.
    9. Haotian You & Xu Tang & Weixi Deng & Haoxin Song & Yu Wang & Jianjun Chen, 2022. "A Study on the Difference of LULC Classification Results Based on Landsat 8 and Landsat 9 Data," Sustainability, MDPI, vol. 14(21), pages 1-24, October.
    10. Ayad, Fayssal, 2023. "Mapping the path forward: A prospective model of natural resource depletion and sustainable development," Resources Policy, Elsevier, vol. 85(PA).
    11. Fang Su & Nini Song & Nannan Ma & Altynbek Sultanaliev & Jing Ma & Bing Xue & Shah Fahad, 2021. "An Assessment of Poverty Alleviation Measures and Sustainable Livelihood Capability of Farm Households in Rural China: A Sustainable Livelihood Approach," Agriculture, MDPI, vol. 11(12), pages 1-16, December.

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