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Abstract
This paper quantitatively examines the relationship between the Community of Shared Future for Mankind (CSFM) and sustainable development. Using the entropy method to quantify CSFM's core principles and the super-efficiency Slack-Based Measure model in Data Envelopment Analysis to calculate green total factor productivity (GTFP) as a proxy for sustainable development, the study finds a significant positive correlation. Robustness checks using PCA, Malmquist index, OLS, PLS, MLE, Ridge, and Lasso regressions confirm the findings. Policy recommendations are proposed to promote sustainable development globally.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
Oct 26, 2024
Authors
Zhiqiang Cai, Wenjie Zhang
Tags
Community of Shared Future
sustainable development
green total factor productivity
entropy method
data envelopment analysis
policy recommendations
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