Bridging the gap between the short run and the long run in sustainable development strategies

2012 ◽  
pp. 27-46
Author(s):  
Laurent Baechler
Keyword(s):  
Sustainable Development ◽  
Development Strategies ◽  
Long Run ◽  
Short Run

Kautilya's model of sustainable development

Humanomics ◽  
2011 ◽  
Vol 27 (1) ◽  
pp. 41-52 ◽  
Author(s):  
G. Bhalachandran
Keyword(s):  
Sustainable Development ◽  
Political Institutions ◽  
Human Life ◽  
Modern Society ◽  
Modern Concept ◽  
Content Type ◽  
Global Perspectives ◽  
Long Run ◽  
Short Run ◽  
Level Of Understanding

PurposeThe purpose of this seminal paper is to present the concept of sustainability in its purest form as conceived by Kautilya and bring out its relevance to the current issues and the areas of concern in the global perspectives.Design/methodology/approachThis paper goes with the premise that the concept of sustainable development (SD) as enunciated by the western theorists has not been fitted in an integrated framework. An attempt is made in this study, to bring to light an unwritten model of SD of Kautilya, which is universal in approach and relevant to many of the current issues of today.FindingsThe Kautilya's model of SD is an assimilation of idealistic and realistic views of human life. The quintessence of this model is that SD can be realized only if each one in a society lives for the other and all collectively for the welfare of the mankind.Research limitations/implicationsThe success of this model depends on the level of understanding, design of socio‐economic and political institutions required, the goals and the means set for oneself and society and the degree of accountability exhibited in implementing the model.Practical implicationsThis model can be tailored to suit the requirements of modern society in the short run as well as in the long run.Originality/valueThis paper is original in nature because a modern concept like SD is analytically linked to the development‐design of Kautilya with a view to infusing profundity, realism and applicability to it.

The Chances of a National Sustainability Strategy for a Balanced and Stable Development

2018 ◽  
pp. 421-447
Author(s):  
Michael von Hauff
Keyword(s):  
Sustainable Development ◽  
Development Strategies ◽  
National Strategy ◽  
Legal Basis ◽  
Environmental Laws ◽  
Sustainability Strategy ◽  
Short Run ◽  
Stable Development

Laden with statistical details, this chapter compares the national sustainable development strategies in India and Germany. Examining the constitutions and environmental laws, as well as their administration through courts and otherwise, it argues that in both these countries sound legal basis exists for the development and implementation of a sustainable national strategy. Examining closely the overall developmental strategies in India, the chapter finds contradiction between them and the environment strategies. Consequently, it arrives at the conclusion that the overall developmental strategies in India are non-sustainable in the long or even short run.

On the Relationship between Education Reforms and Sustainable Development: Evidence from Nigeria

2021 ◽  
Vol 10 (1) ◽  
pp. 57-78
Author(s):  
Oluwatosin Olatunji Oluyomi ◽  
Felix Odunayo Ajayi ◽  
Emmanuel O. George
Keyword(s):  
Sustainable Development ◽  
Education Reform ◽  
Negative Impact ◽  
Positive Impact ◽  
Education Reforms ◽  
Vector Error Correction ◽  
Environmentally Sustainable ◽  
Endogenous Growth Theory ◽  
Long Run ◽  
Short Run

Nigeria between 1980 and 2018 shows a mixed relationship between education reforms and sustainable development. In 2016, over 45 percent of Nigerian graduates are unemployed and about a 39.4 percent increase in education enrolment rate had resulted in stagnated economic sustainable development in Nigeria. Following the endogenous growth theory and the environmental Kuznets hypothesis underpinnings, this study investigated the cause and effect of education reforms and sustainable development in Nigeria between 1980 and 2018. The descriptive statistics employed describe the data distribution of the included variables while the vector error correction model (VECM) econometric technique was used to determine the short-run and long-run impact of education reforms on economic, social, and environmentally sustainable development in Nigeria. The results found that qualitative education reform has a positive impact on economic and environmentally sustainable development while quantitative education has a negative impact on socially sustainable development in the long run. Further, the short-run, VECM results revealed that qualitative education reforms will speedily affect economic, social, and environmentally sustainable development than the quantitative education reforms within the period of study. The study recommends that quantity and quality education reforms should be seen as complementary and not a substitute in achieving sustainable development by the year 2030 in Nigeria. 

scholarly journals Foreign Direct Investment, Export Performance and Sustainable Development in Nigeria

2019 ◽  
Vol 12 (2) ◽  
pp. 110
Author(s):  
Akintoye Victor Adejumo
Keyword(s):  
Sustainable Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Manufacturing Sector ◽  
Export Performance ◽  
Fdi Inflows ◽  
Export Sector ◽  
Long Run ◽  
Short Run ◽  
Manufactured Exports

This study sets out to examine the role of manufacturing sector Foreign Direct Investment (FDI) in the quest for export sector diversification in Nigeria for sustainable development. This objective was achieved by estimating the effects of manufacturing sector FDI on manufactured goods export from Nigeria using the Autoregressive Distributed Lag estimating technique. The study discovered that FDI inflows into the country’s manufacturing sector impacted negatively on manufactured exports in the short run. The short run result nevertheless gave way to a positive and significant influence of FDI on manufactured exports in the long run, indicating that this form of foreign capital is important for manufactured export promotion in Nigeria. The resulting long run positive FDI- spillovers on export performance in Nigeria is in tandem with the neoliberal theoretical viewpoint that developing countries can rely on FDI as ladder to sustainable development. The findings suggest that sustainable development can be enhanced in Nigeria by exploiting the channel of positive spillovers from sector specific FDI inflows. The study concludes that with appropriate policy stance, one important way of pursuing the long run goal of sustainable development is to route FDI inflows in the direction of the country’s manufacturing sector.

Exploring East Asian Sustainable Governance Via Municipal International Cooperation

2001 ◽  
Vol 16 (1) ◽  
pp. 75-90
Author(s):  
Seung-Ho Ahn
Keyword(s):  
Sustainable Development ◽  
Public Goods ◽  
International Cooperation ◽  
East Asian ◽  
Global Public Goods ◽  
Long Run ◽  
Globalizing World ◽  
The World ◽  
Short Run ◽  
Conceptual Evolution

This paper begins with a look into the emergence of global public goods in a globalizing world and argues for the potential of Municipal International Cooperation (MIC) as an effective vehicle for rectifying the under-provision of global public goods. It continues with a review of the evolution, tools and issues of MIC. Next is an investigation of the conceptual evolution of ‘sustainable development’ as a powerful catchword in current MIC programs and some exemplary cases of MIC in pursuit of sustainable development. Finally, the paper ends with a discussion about the need for an MIC approach to East Asian Sustainable Governance in the years ahead. Our motto, therefore, perhaps should be “Cities of the world unite, you have nothing to lose but your slums, your poverty and your military expendability.” On this note of modest long-run optimism, I had better conclude for fear that the pessimism of short-run catches up with us first.

scholarly journals Estimating the Nexus of Tourism on Sustainable Development Goals in Nigeria

2021 ◽  
Vol 20 ◽  
pp. 751-771
Author(s):  
Ngozi Helen Oguchi ◽  
Fen Luo
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Tourism Industry ◽  
Distributed Lag ◽  
Long Run ◽  
Time Series Dataset ◽  
Causality Tests ◽  
Short Run ◽  
Development Goals

Tourism industry has become one of the principal sources of economic growth and a viable platform of employment both in Africa and globally. Considering that economic growth and job creation are the focal points of sustainable development goals (SDGs), this study is focused on investigating the relationship they have with tourism in Nigeria. A gross domestic product (GDP) time series dataset is utilized to represent economic growth variable while, statistical data obtained from the WTTC is employed to denote Tourism revenues and arrivals in Nigeria. The study employed Autoregressive Distributed Lag (ARDL) bounds test of cointegration, the Error Correction model and Granger causality tests to empirically examine the impacts tourism has on economic growth and employment in the LACKET states of Nigeria for the period between 1999 to 2019. Generally, the investigations indicate that both in the short - and long - run, tourism is positively related to economic growth and employment rate in Nigeria. However, regarding short -run relationship, a lower positive link of tourism revenue is recorded.

scholarly journals Economic development: How should we proceed?

2004 ◽  
Vol 44 (160) ◽  
pp. 39-73 ◽  
Author(s):  
Stojan Stamenkovic ◽  
Miladin Kovacevic ◽  
Davor Savin ◽  
Ivan Nikolic ◽  
Vladimir Vuckovic
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Legal Protection ◽  
Living Standards ◽  
Long Run ◽  
Innovative Management ◽  
Technological Base ◽  
Short Run ◽  
Sustainable Economic Growth

This paper attempts to answer the following questions: where were we in a systemic and development sense in October 2000? What changes have occurred in the last three years? What are the main problems regarding economic development and, opposed to them, the created stereotypes? What are the key mistakes from economic aspect? What should be done in the short run and in the medium run? In addition to providing the necessary level of investment as the most important tool of sustainable development and growth in gross domestic product, it is also necessary to ensure: conditions for efficient market functioning, firm and uncompromising legal protection of businesses innovative management, modern technological base. If such conditions are fulfilled, it will be possible to transform the economy, to ensure sustainable economic growth and to regularly service foreign debts. The alternative is a populist scenario, with a short-run rise in living standards and its fall in the medium and long run.

scholarly journals Does the Level of Absorptive Capacity Matter for Carbon Intensity? Evidence from the USA and China

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 407 ◽  
Author(s):  
Kamalova Mariyakhan ◽  
Elyas Abdulahi Mohamued ◽  
Muhammad Asif Khan ◽  
József Popp ◽  
Judit Oláh
Keyword(s):  
Sustainable Development ◽  
Technology Transfer ◽  
Co2 Emissions ◽  
Absorptive Capacity ◽  
Animal Health ◽  
Carbon Intensity ◽  
Distributed Lag ◽  
Long Run ◽  
The Usa ◽  
Short Run

Interest in the rapid growth of CO2 emissions, together with the economic performance of various countries continues to attract researchers and practitioners’ interest. Alongside, concerns regarding global warming and its effects on human and animal health, and thus sustainable development, escalate. The present study employs the nonlinear autoregressive distributed lag to identify short- and long-run dynamics and the asymmetric nexus between absorptive capacity, and CO2 emissions intensity from 1970 to 2018 in the case of the USA and China. In the short-run, an increase in technology transfer based on human resources increases CO2 emissions in China. Contrarily, the decrease in technology transfer based on infrastructure has an emissions-decreasing effect in China. In the long-run, the effects of an increase in absorptive capacity based on innovation and infrastructure developments provide positive and significant impetus to mitigate the carbon intensity in China and the USA. The results are robust using GHG intensity. Thus, policymakers and researchers have to consider the pivotal role of absorptive capacity in facilitating sustainable development.

The Impact Of Unemployment And Interest Rate On Inflation In Sri Lanka

GIS Business ◽  
2018 ◽  
Vol 13 (4) ◽  
pp. 54-65
Author(s):  
S. Selvanayagam ◽  
A.M. M. Mustafa
Keyword(s):  
Sustainable Development ◽  
Interest Rate ◽  
Sri Lanka ◽  
Government Expenditure ◽  
Annual Data ◽  
Sri Lankan ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
The Impact

Three major economic indicators such as Inflation, unemployment and interest rate have an important role in an economy in terms of sustainable development. The long-term progress of the Sri Lankan economy is destabilized. The linkage or the impact among these variables is very important for developing country such as Sri Lanka to overcome the destabilized hurdles. The study intends to investigate the impact of unemployment and interest rate on inflation in Sri Lanka. Also, this study was analyzed the short and long run relationship among the variables. Phillip’s relationship between the variables inflation and unemployment also was discussed in details. Fifty-three years of annual data for period of 1953- 2015 of the variables inflation, unemployment, interest rate, money supply (M2) and government expenditure used for the analysis. Parametric and non-parametric approaches have been employed in this study. The Autoregressive Distributed Lag (ARDL) model with co-integration technique has been employed to find the short and long run relationship of the variable. The statistical package EViews 9 and Microsoft excel were used for the analysis. The study reveals that unemployment is negatively impact on inflation in short and long run in Sri Lanka, which is statistically significance. Further, the study revealed that the Phillip’s relationship between inflation and unemployment exist in Sri Lankan economy. The interest rate is also negatively impact on inflation in short run and positively impact in long run. Results are statistically significance at 5% confidence level and theoretically expected. This study recommends that the relationship between the variables should be noted and utilized the Engine of growth concept in order to achieve sustainable development of Sri Lanka. Job opportunities to be extended further more. Further, the study suggests that using quarterly data to analysis this kind of time series will reflect relationship accurate.

scholarly journals Two centuries of Malthus

Stanovnistvo ◽  
1998 ◽  
Vol 36 (1-2) ◽  
pp. 7-24
Author(s):  
Branislav Djurdjev
Keyword(s):  
Sustainable Development ◽  
Critical Mass ◽  
Industrial Society ◽  
Limits To Growth ◽  
Theoretical Concepts ◽  
Long Run ◽  
Peasant Society ◽  
Short Run ◽  
Technological Level ◽  
The Right

The article is an endeavour to comparatively review classic and modern theories and/or theoretical concepts regarding relationship between population development and the overall sustainable development. On the second centennial anniversary of the first essay that initiated numerous discussions regarding this relationship, it cannot be said that the scientific elite is any nearer the consensus. Not only that the hypothesis of Malthus, Neo-Malthusians and Marxist thinkers are being built upon, but completely new ideas regarding this relationship are springing up. Disregarding the ideological differences but placing emphasis on the technological discrepancies prevailing to this day, the article also indicates that these apparently irreconcilable theories can permeate and complement each other. The Malthusian theory could be valid in a peasant society, but the socialists pointed to its flows in the industrial society. The Neo-Malthusians modernized the teachings of Malthus and in the "Limits to Growth" we find a more exact support to the fears of Neo-Malthusians. The theo1y of E. Boserup provides not only a consistent explanation of the relationship between population growth so far and sustainable development but also points to the essence of theoretical differences. On the short run, at a certain technological level (that is, manner of production) everybody is in the right: constant growth in population ultimately results in declining yields (excess population). On the long run, critical mass of population creates a new technological level which, in the beginning, requires higher population density (new "laws" of the population).

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