The Impact of Economic Governance on Sustainable Progress: The Role of Environmental Policies and Natural Resource Management

Document Type : Original Article

Authors

1 Department of Accounting, Faculty of Administrative Sciences and Economics, Arak University, Arak, Iran

2 Department of Management, Faculty of Administrative Sciences and Economics, Arak University, Arak, Iran.

Abstract

Sustainable development, as a global strategic objective, requires harmonization between economic growth, environmental protection, and social justice. In Iran, challenges such as heavy reliance on natural resources, institutional weaknesses, and environmental issues complicate achieving this goal. This study investigates the impact of economic governance on sustainable progress in Iran, focusing on the mediating role of environmental policies and natural resource management. Data were collected through a structured questionnaire from 241 experts in economics, environmental studies, and natural resources. Analyses were conducted using Structural Equation Modeling (SEM) and Method of Moments Quantile Regression (MMQR). The results revealed that economic governance has a significant positive effect on sustainable progress. Environmental policies and natural resource management, acting as mediators, strengthen this relationship. Quantile regression analysis indicated that these effects are stronger in regions with higher development levels. These findings emphasize the importance of integrating environmental policies and natural resource management within the framework of economic governance to achieve sustainable progress in Iran.

Keywords