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Sustainability
Volume 14
Issue 22
10.3390/su142214684
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Article

Globalization and Sustainable Development: Empirical Evidence from CIS Countries

by
Oruj Gasimli
1,
Ihtisham ul Haq
2,*,
Shahid Munir
2,
Muhammad Hasnain Khalid
3,
Sisira Kumara Naradda Gamage
4,*,
Alam Khan
2 and
Muhammad Ishtiaq
5
1
Department of Economics and Management, Azerbaijan University, 71 Jeyhun Hajibeyli St. Nasimi District, Baku AZ 1007, Azerbaijan
2
Department of Economics, Kohat University of Science and Technology, Kohat 26000, Pakistan
3
Department of Economics, University of Haripur, Haripur 22620, Pakistan
4
Department of Economics, Faculty of Social Sciences and Humanities, Rajarata University of Sri Lanka, Mihintale 50300, Sri Lanka
5
School of Economics and Management, Beijing University of Technology, Beijing 100124, China
*
Authors to whom correspondence should be addressed.
Sustainability 2022, 14(22), 14684; https://doi.org/10.3390/su142214684
Submission received: 23 September 2022 / Revised: 26 October 2022 / Accepted: 4 November 2022 / Published: 8 November 2022
Versions Notes

Abstract

Sustainable development is the ultimate objective of the nations around the world, and the adoption of development strategies is the driving force for obtaining long-run economic growth, environmental protection and social inclusion. On other hand, globalization integrates the countries around the globe economically, politically and socially. Thus, it is vital to conduct a study on the impact of globalization on sustainable development in Commonwealth of Independent States (CIS) countries, as most of the countries are in a transition state from socialism to capitalism and are opening their doors to the world. Globalization comprises three main components, which are economic, political and social. Henceforth, this study investigates the effect of economic globalization, political globalization and social globalization on sustainable development. Energy has been highlighted in the literature and received attention from researchers as a factor of income and environmental quality; thus, it is added as a control variable in this study. The long-run relationships among variables are established through panel cointegration once the order of integration is determined. This study finds a positive and significant effect of economic globalization and political globalization on sustainable development, whereas energy consumption is deteriorating in CIS countries. Policy implications are recommended.
Keywords: globalization; sustainable development; energy globalization; sustainable development; energy

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MDPI and ACS Style

Gasimli, O.; Haq, I.u.; Munir, S.; Khalid, M.H.; Gamage, S.K.N.; Khan, A.; Ishtiaq, M. Globalization and Sustainable Development: Empirical Evidence from CIS Countries. Sustainability 2022, 14, 14684. https://doi.org/10.3390/su142214684

AMA Style

Gasimli O, Haq Iu, Munir S, Khalid MH, Gamage SKN, Khan A, Ishtiaq M. Globalization and Sustainable Development: Empirical Evidence from CIS Countries. Sustainability. 2022; 14(22):14684. https://doi.org/10.3390/su142214684

Chicago/Turabian Style

Gasimli, Oruj, Ihtisham ul Haq, Shahid Munir, Muhammad Hasnain Khalid, Sisira Kumara Naradda Gamage, Alam Khan, and Muhammad Ishtiaq. 2022. "Globalization and Sustainable Development: Empirical Evidence from CIS Countries" Sustainability 14, no. 22: 14684. https://doi.org/10.3390/su142214684

APA Style

Gasimli, O., Haq, I. u., Munir, S., Khalid, M. H., Gamage, S. K. N., Khan, A., & Ishtiaq, M. (2022). Globalization and Sustainable Development: Empirical Evidence from CIS Countries. Sustainability, 14(22), 14684. https://doi.org/10.3390/su142214684

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