Comparative Analysis of GDP PerCapita, Logistic Performance, and Carbon Dioxide Emissions: A Case of SAARCCountries

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 techniquesused 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 rateThestudy results showed that logistic infrastructure positively affected our GDP per capita. Similarly, LAB and GCF also directly impactedyour GDP per capitawhileCO2 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, andpromote inclusive economic growth to ensure a prosperous and resilient future for all.