Dynamic Linkages among Stages of Economic Development, Human Development and the Natural Environment: On the Road towards Sustainability in the Globalization Era

Abstract

The chapter points to the interactive nature of the different aspects of sustainability of development and investigates the interrelations among the various facets of development or sustainability. It further makes deeper analysis of the dynamic relations among human development, the natural environment, and economic growth. Using simultaneous equation econometric models for 1990–2019 in a cross section of 110 countries, it observes that economic growth in terms of growth of per capita national income is important for both human development as well as for environmental conservation and protection. For environmental sustainability it is thus both growth policy and direct environmental policies relating to protecting human health and health of the ecosystem would be of prime importance.

Citation

Mukherjee, S. (2022), "Dynamic Linkages among Stages of Economic Development, Human Development and the Natural Environment: On the Road towards Sustainability in the Globalization Era", Chandra Das, R. (Ed.) Globalization, Income Distribution and Sustainable Development, Emerald Publishing Limited, Leeds, pp. 131-145. https://doi.org/10.1108/978-1-80117-870-920221019