Comparative Analysis of GDP Per Capita, Logistic Performance, and Carbon Dioxide Emissions: A Case of SAARC Countries

Abstract

This study investigated the association between economic growth, environmental sustainability, and social development in SAARC countries. The study uses robust and balanced panel data from 2008 to 2021. The advanced econometric techniques used for empirical analyses, specifically Dynamic Ordinary Least Squares (DOLS). It provided valuable observations on the relationships between economic and environmental factors. The independent variable logistic infrastructure, gross capital formation, labour force participation rate, and carbon dioxide emission significantly affect our dependent variable growth rate The study results showed that logistic infrastructure positively affected our GDP per capita. Similarly, LAB and GCF also directly impacted your GDP per capita while CO2 negatively impacted the GDP per capita of the projected economies. These findings suggest that policymakers must adopt holistic approaches that prioritize sustainable development goals, mitigate environmental degradation, and promote inclusive economic growth to ensure a prosperous and resilient future for all.