NATIONAL RESOURCES MANAGEMENT AND SUSTAINABLE ECONOMIC DEVELOPMENT
DOI:
https://doi.org/10.53555/es.v8i2.2485Keywords:
National Resource Management, Sustainable Economic Development, Renewable Energy, EconomicGrowth, Institutional QualityAbstract
This study investigates the relationship betweennational resource management and sustainable economic development,with a particular focus on renewable energy production, investment, and energy mix composition. Drawing on cross-sectional data from 80 countries obtained from the Global Renewable Energy and Indicators Dataset, the researchemploys descriptive statistics, correlation analysis, and Ordinary Least Squares (OLS) regression to assess the impact ofrenewable resource indicators on economic performance. Sustainable economic development is proxiedby GrossDomestic Product (GDP), Innovation Index, and Economic Freedom Index, while renewable energy production,investments, and renewable share serve as primary explanatory variables, alongside governance and institutionalcontrols.The empirical findings reveal significant cross-country variation in renewable energy indicators and innovationcapacity. Correlation results indicate moderate associations between renewable investments and innovation, but weakdirect relationships between renewable indicators and GDP. Regression analysis further demonstrates that renewableenergy production, investment, and renewable share do not exert statistically significant short-term effects on GDP. Theseresults suggest that the contribution of national resource management to sustainable development is indirect and mediatedby institutional quality, financial development, and policy frameworks rather than immediate output expansion.The studyconcludes that renewable energy expansion alone is insufficient to ensure sustainable economic growth. Effectivegovernance, regulatory consistency, technological innovation, and macroeconomic stability are critical in transforming renewable resource potential into long-term economic and environmental benefits. The findings provide important policy insights for designing integrated strategies that align renewable energy development with sustainable economic objectives.
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