Navigating environmental vulnerability and resource dependence: Toward equitable and sustainable growth pathways in resource-rich economies
Authors
Rejaul Karim
Abstract
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:
CO2 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 largescale,
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.