Navigating environmental vulnerability and resource dependence: Toward equitable and sustainable growth pathways in resource-rich economies
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Issued Date
2025-12-01
Resource Type
ISSN
03014207
Scopus ID
2-s2.0-105021088324
Journal Title
Resources Policy
Volume
111
Rights Holder(s)
SCOPUS
Bibliographic Citation
Resources Policy Vol.111 (2025)
Suggested Citation
Nahiduzzaman M., Sarker S.K., Kuri B.C., Dhar B.K., Roy P.P., Karim R. Navigating environmental vulnerability and resource dependence: Toward equitable and sustainable growth pathways in resource-rich economies. Resources Policy Vol.111 (2025). doi:10.1016/j.resourpol.2025.105768 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/113181
Title
Navigating environmental vulnerability and resource dependence: Toward equitable and sustainable growth pathways in resource-rich economies
Author(s)
Corresponding Author(s)
Other Contributor(s)
Abstract
This study examines how environmental vulnerability and resource dependence shape economic sustainability in resource-rich economies, advancing beyond the traditional Environmental Kuznets Curve and Resource Curse frameworks. Using panel data from 147 countries covering the period 1990 to 2020, we analyze five stressors: CO<inf>2</inf> emissions, food price volatility, natural resource depletion, population density, and forest area. The analysis employs a panel ARDL framework, supplemented by FMOLS, DOLS, Granger causality, and robustness diagnostics. Results reveal marked heterogeneity across income groups. In high-income economies, forest conservation and demographic density enhance economic resilience, while emissions hinder renewable energy adoption. In middle-income economies, resource depletion and food price volatility drive short-term growth but reinforce a green growth paradox. In low-income economies, structural weaknesses limit responsiveness, locking development into extraction and emission-intensive paths. The study contributes by providing the first large-scale, income-stratified analysis of multidimensional stressors on growth and renewable energy, by strengthening methodological rigor with spuriousness and causality checks, and by offering context-sensitive policy pathways. Policy priorities include carbon pricing and forest-based carbon markets for high-income economies, governance reforms and green infrastructure investment for middle-income economies, and concessional finance for renewable energy and food system stabilization in low-income contexts.