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Does Ethical Behaviour Affect Sustainable Development? Evidence from Developed and Developing Countries

Wang, Hui, Chen, Haiming and Tawiah, Vincent orcid logoORCID: 0000-0003-1679-387X (2023) Does Ethical Behaviour Affect Sustainable Development? Evidence from Developed and Developing Countries. Sustainability, 15 (13). ISSN 2071-1050

Abstract
This paper examines the relationship between ethical behavior and green growth for a large sample of 109 countries, comprised of developed and developing countries. We applied panel corrected the standard error (PCSE) and system generalized moment of method (S-GMM) to achieve the set-aside objectives. We use the recent data from Organisation for Economic Cooperation and Development (OCED). Our results show that high ethical behavior is associated with an increase in green growth, suggesting that the ethical standard plays a significant role in achieving sustainable development. We also find that the relationship between ethical behavior and green growth is more pronounced in developed countries than in developing countries. This is attributed to the ethical standard laid down in most of the developed countries. The results are unaffected by alternative variable measurements and econometric estimations. Our findings highlight the need for policymakers to consider non-economic and technological factors such as ethics to achieve growth that is both environmentally and economically sustainable.
Metadata
Item Type:Article (Published)
Refereed:Yes
Uncontrolled Keywords:environment; ethical behavior; green growth; sustainable development
Subjects:Business > Commerce
Business > Innovation
Social Sciences > Globalization
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:MDPI AG
Official URL:https://www.mdpi.com/2071-1050/15/13/10246
Copyright Information:Authors
ID Code:33071
Deposited On:11 Aug 2026 13:37 by Tam Nguyen . Last Modified 11 Aug 2026 13:37
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