Sustainable Development, Год журнала: 2025, Номер unknown

Опубликована: Апрель 3, 2025

ABSTRACT This study examines the impact of regional transition and multilateral cooperation mechanisms on green development (GD) climate change mitigation across 64 Belt Road Initiative (BRI) partner nations (21 Asia, 22 Europe, 21 Africa Middle East) from 2006 to 2021. Using advanced econometric methods like two‐step system GMM, 2SLS, dynamic fixed effect, cointegration, research reveals that significantly enhances GD, supporting sustainability action. However, specific factors within cooperation, such as trade, investment, institutional negatively affect GD resilience, while money finance show insignificant negative impacts. Infrastructure connectivity positively correlate with movement people has a positive but statistically effect. The varies regions. highlights BRI's substantial contribution both pre‐ post‐introduction spillover variables, emphasizing its role in promoting sustainable development, particularly Asia Europe. differential impacts East raise concerns about environmental effects large‐scale infrastructure investments. provides valuable insights into partnerships, change, offering theoretical practical evidence for futures. It underscores importance balancing economic regions vulnerable resource curse. findings contribute discourse global sustainability, policymakers evidence‐based strategies enhance adaptation through initiatives BRI.

Язык: Английский