Economic growth typically results in rising standards of living and prosperity. However, it also invites negative externalities such as environmental degradation due to overexploiting of natural resources. As such, the world is confronted with the dilemma of growth versus environmental sustainability. Developing a model explaining the disparity of economic development concentrating on drivers such as tourism sustainability, technological innovation and the quality of leadership would be important not only to facilitate future economic growth in developing countries, but also to the environmental and sociocultural sustainability which ultimately lead to global sustainable development. The present research objective is to develop and test framework of sustainable development by considering the elements of tourism, technological innovation, and national leadership. This further would facilitate growth, environmental and socio-cultural sustainability. Understanding the integration of these dimensions would enable the building of a Sustainable Development Framework (SDF) that would provide better insight in promoting the SDGs agenda. Ultimately, growth and environmental sustainability can be achieved which will benefit the society, the economy, and nations and of course for future sustainable policy recommendation. Based on the issue above, you are required to propose relevant econometric approaches with the aims to test sustainable development by considering the elements of tourism, technological innovation, and national leadership. Based on the scenario above, justify the selection of the dependent and independent variables used in the mode.
Economic growth typically results in rising standards of living and prosperity. However,
it also invites negative externalities such as environmental degradation due to overexploiting of natural resources. As such, the world is confronted with the dilemma of
growth versus environmental sustainability. Developing a model explaining the
disparity of economic development concentrating on drivers such as tourism
sustainability, technological innovation and the quality of leadership would be
important not only to facilitate future economic growth in developing countries, but also
to the environmental and sociocultural sustainability which ultimately lead to global
sustainable development. The present research objective is to develop and test
framework of sustainable development by considering the elements of tourism,
technological innovation, and national leadership. This further would facilitate growth,
environmental and socio-cultural sustainability. Understanding the integration of these
dimensions would enable the building of a Sustainable Development Framework
(SDF) that would provide better insight in promoting the SDGs agenda. Ultimately,
growth and environmental sustainability can be achieved which will benefit the society,
the economy, and nations and of course for future sustainable policy recommendation.
Based on the issue above, you are required to propose relevant econometric
approaches with the aims to test sustainable development by considering the
elements of tourism, technological innovation, and national leadership.
Based on the scenario above, justify the selection of the dependent and independent variables used in the
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