Empowering sustainable development in emerging economies: The role of renewable energy and domestic investment
研究了1990-2022年14个新兴经济体中可再生能源、非可再生能源发电、全球化和国内固定资本对可持续发展的影响，发现国内固定资本和可再生能源促进可持续发展，而全球化和非可再生能源则产生负面影响。
We empirically examine the effects of renewable- and non-renewable electricity generation, globalisation, and domestic fixed capital on sustainable development in 14 emerging economies from 1990 to 2022. The findings reveal that both stochastic and absolute convergence exist within the sustainable development indices of these economies. The conditional convergence results indicate that domestic fixed capital and renewable electricity generation promote sustainable development. In contrast, globalisation and non-renewable electricity production negatively affect sustainable development. Finally, employing Phillips-Sul's club convergence methodology, we identify two distinct convergence clubs: Club 1 , comprising Brazil, China, Chile, Colombia, Greece, the Korean Republic, and Malaysia, and Club 2 , which includes Hungary, Poland, the Philippines, Saudi Arabia, and South Africa. Therefore, we conclude that while emerging countries strive for economic growth, tailored policy frameworks are essential to balance environmental sustainability and growth objectives, while emphasising the need for international cooperation and sustainable practices across both the clubs.