Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330997 
Year of Publication: 
2021
Citation: 
[Journal:] Research in Globalization [ISSN:] 2590-051X [Volume:] 3 [Article No.:] 100065 [Year:] 2021 [Pages:] 1-12
Publisher: 
Elsevier, Amsterdam
Abstract: 
Partnership and cooperation remain the essence of United Nations 2030 (UN2030) Agenda. However, the regional cooperation framework often lacks comprehensive economic analysis and estimation of probabilistic impacts of any country's socio-economic and environmental activities on the people and ecosystems of other countries. This study attempts to develop an index on a country-pair basis that elucidates six channels of bilateral cooperation and respective strengths of those: trade, technological advancement, labors' productivity, regional interconnectedness, human development, and emission management. Criteria Importance Through Inter-criteria Correlation (CRITIC) objective weighting method is applied for multi-criteria decision-making. Empirical analysis encompasses all South Asian countries. Results show that India remains the country with the highest impact on the other countries in this South Asian region followed by Sri Lanka and Bangladesh. Bhutan, Afghanistan and the Maldives have the highest probability of attaining the gain from other South Asian countries. The study also analyzes countries' component-wise strengths of bilateral impacts.
Subjects: 
Bilateral and regional cooperation
Sustainable development
Multi-criteria decision-making
Sustainability impact index
South Asia
JEL: 
C43
F63
O19
Q01
R11
R58
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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