经济和气候弹性对可持续发展的影响：跨国分析

A CROSS-COUNTRY ANALYSIS Md. Bokhtiar Hasan, Gazi Salah Uddin, Donghyun Park, Md. Sumon Ali, and John Beirne ADB ECONOMICSWORKING PAPER SERIES ADB Economics Working Paper Series Impact of Economic and Climate Resilience onSustainable Development: A Cross-Country Analysis Md. Bokhtiar Hasan (bokhtiar_bank@yahoo.com)is an associate professor at the Islamic University,Bangladesh. Gazi Salah Uddin (gazi.salah.uddin@liu.se)is an associate professor at Linköping University, Sweden.Md. Sumon Ali (mali7@miners.utep.edu)is a PhD student at the University of Texas at El Paso,United States. Donghyun Park (dpark@adb.org)is an economic advisor and John Beirne(jbeirne@adb.org) is a principal economist at theEconomic Research and Development ImpactDepartment, Asian Development Bank. Md. Bokhtiar Hasan, Gazi Salah Uddin,Donghyun Park, Md. Sumon Ali, and John Beirne No. 795 | August 2025 TheADB Economics Working Paper Seriespresents research in progress to elicit commentsand encourage debate on development issuesin Asia and the Pacific. The views expressedare those of the authors and do not necessarilyreflect the views and policies of ADB orits Board of Governors or the governmentsthey represent. Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) © 2025 Asian Development Bank6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, PhilippinesTel +63 2 8632 4444; Fax +63 2 8636 2444www.adb.org Some rights reserved. Published in 2025. ISSN 2313-6537 (print), 2313-6545 (PDF)Publication Stock No. WPS250309-2DOI: http://dx.doi.org/10.22617/WPS250309-2 The views expressed in this publication are those of the authors and do not necessarily reflect the views and policiesof the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for anyconsequence of their use. The mention of specific companies or products of manufacturers does not imply that theyare endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned. By making any designation of or reference to a particular territory or geographic area in this document, ADB does notintend to make any judgments as to the legal or other status of any territory or area. This publication is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be boundby the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisionsand terms of use at https://www.adb.org/terms-use#openaccess. This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributedto another source, please contact the copyright owner or publisher of that source for permission to reproduce it.ADB cannot be held liable for any claims that arise as a result of your use of the material. Please contact pubsmarketing@adb.org if you have questions or comments with respect to content, or if you wishto obtain copyright permission for your intended use that does not fall within these terms, or for permission to usethe ADB logo. Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda. ABSTRACT Economicand climate shocks inflict huge economic costs and undermine sustainabledevelopment (SD). This study is the first comprehensive attempt to empirically assess theinfluence of economic and climate resilience, which can mitigate those costs, on SD. Our analysisis based on a panel dataset of 31 countries from 2007 to 2021 and advanced econometrictechniques, includingpanel-correctedstandarderrors,feasiblegeneralizedleastsquares, panelquantile regression, and local projections. We find that economic and climate resilience havesignificant effects on SD. Furthermore, dynamic analysis indicates that both types of resiliencehave persistent effects on SD and quantile analysis validates the robustness and consistency ofour findings across different stages of development. Keywords:sustainable economic development, economic resilience, climate resilience, paneldata analysis JEL codes:C33, O11, Q01, Q54 1. Introduction In 2015, at the United Nations General Assembly, United Nations member states adoptedthe 2030 Agenda for Sustainable Development, embracing 17 Sustainable Development Goals(SDGs) and 169 associated targets aimed at ensuring global progress by 2030 (UNDP, 2015).This ambitious agenda is designed to promote progress in three core dimensions—economic,social, and environmental—with the supreme goals of promoting “people, planet, and prosperity”while ensuring that no one is left behind (Fuso Nerini et al., 2019; Simionescu et al., 2024).However, efforts to realize these objectives are severely challenged by two escalating disruptions:economic and climate change crises. Over the past deca