Institute of Governance Jurisprudence, Zhejiang Shuren University, Hangzhou, Zhejiang Province, China.
Department of Economics, Division of Management and Administrative Science, University of Education, Lahore, Pakistan.
PLoS One. 2024 Mar 21;19(3):e0297350. doi: 10.1371/journal.pone.0297350. eCollection 2024.
The question of whether productive capacities and institutional quality facilitate or impede progress towards sustainable development is a significant issue that has not been extensively explored in prior literature. Despite their importance, these variables are often overlooked in the literature on sustainable development, yet they play a crucial role in enabling efforts to achieve sustainable development. In this study, we examined how productive capacities affect sustainable development, with a moderating impact of institutional quality. The sample was comprised of 44 Belt and Road Initiative (BRI) economies, covering the period from 2000 to 2018. Using a two-step system GMM, we found that the relation between productive capacities and sustainable development is dynamic, positive, and significant. Additionally, institutional quality played a moderating role in achieving sustainable development, especially among regionally connected countries. Our findings suggest that sustainable development is strongly linked to a country's productive capacities. Therefore, improving productive capacities and institutional quality may lead to long-term development and sustainability. These results are valuable to academia as they provide new thought regarding the influence of productive capacities and institutional quality on sustainable development, and policymakers may benefit from the suggestions presented regarding productive capacities and institutional quality.
生产能力和制度质量是否有助于或阻碍可持续发展的问题是一个重要问题，但在先前的文献中并未得到广泛探讨。尽管这些变量很重要，但在可持续发展文献中往往被忽视，但它们在实现可持续发展的努力中起着至关重要的作用。在这项研究中，我们研究了生产能力如何影响可持续发展，并考虑了制度质量的调节作用。样本包括 44 个“一带一路”倡议（BRI）经济体，涵盖 2000 年至 2018 年期间。我们使用两步系统 GMM 发现，生产能力与可持续发展之间的关系是动态的、积极的和显著的。此外，制度质量在实现可持续发展方面发挥了调节作用，特别是在区域联系紧密的国家中。我们的研究结果表明，可持续发展与一个国家的生产能力密切相关。因此，提高生产能力和制度质量可能会带来长期的发展和可持续性。这些结果对学术界具有重要意义，因为它们提供了关于生产能力和制度质量对可持续发展影响的新思考，政策制定者可能会从有关生产能力和制度质量的建议中受益。
