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Forestry and Governance as Two Pillars of Sustainable Development: Empirical Verification

Author

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  • Mehmood, Bilal
  • Raza, Mohsin
  • Ramzan, Abida

Abstract

Purpose: One of the most common global concerns is Sustainable development for last three decades. For it, good governance of forestry can play a significant role. Accordingly, current paper empirically analyzes their relationship.Design/Methodology/Approach: An index of Sustainable development is built. Then the data of forest area and governance indicator for period 2005-2019 for 128 countries, is subjected to estimation. In regression analysis, system generalized method of moments (SYS-GMM) is used for dynamic panel data specification, which can cater the issue of endogeneity in micro panels. Additionally, sample is bifurcated into developed countries and developing countries for segregated estimates.Findings: Empirical results reveal positive effect of forestry and effective governance on sustainable development index.Implications/Originality/Value: Recommendations include improving the governance practices and adoption of contemporary forms of forest management.

Suggested Citation

  • Mehmood, Bilal & Raza, Mohsin & Ramzan, Abida, 2022. "Forestry and Governance as Two Pillars of Sustainable Development: Empirical Verification," Sustainable Business and Society in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 4(2), pages 573-580, June.
    • Handle: RePEc:src:sbseec:v:4:y:2022:i:2:p:573-580
    DOI: http://doi.org/10.26710/sbsee.v4i2.2421
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