This study examines how trade openness affects sustainable human development in 19 emerging economies from 1996 to 2019.
Authors
Neha Jain, Department of Economics and Finance, Birla Institute of Technology and Science Pilani Campus, Pilani, India and School of Business, University of Petroleum and Energy Studies, Dehradun, India
Anushka Verma, Assistant Professor, Jindal School of Banking & Finance, O.P. Jindal Global University, Sonipat, Haryana, India
Geetilaxmi Mohapatra, Department of Economics and Finance, Birla Institute of Technology and Science Pilani Campus, Pilani, India
Summary
The present study attempts to examine the link between trade openness and sustainable human development (SHD) in 19 emerging economies. The study used the data for the period from 1996 to 2019. The study employed fixed-effect regression with Driscoll–Kraay standard error techniques robust to cross-section dependence.
The study found the favorable impact of trade openness on sustainable development through sustainable human development. Trade openness affects sustainable human growth in many ways. It is a critical component that should not be ignored in sustainable development policies. Moreover, foreign direct investment, economic growth, and renewable energy consumption positively impact the sustainable human development. In contrast, innovations and institutional quality have an adverse impact on SHD. The study also provides policy suggestions for the emerging economies that will promote all the dimensions of sustainable development: economic, social, and environmental.
Published in: Environmental Science and Pollution Research
To read the full article, please click here.
