Paradigm Shift in Green Investments: A Potential Platform for Creating Employment Opportunities and Economic Stability in Saudi Arabia

IF 0.3 Q4 ENVIRONMENTAL STUDIES Global Environment Pub Date : 2022-10-01 DOI:10.3197/ge.2022.150306

Nadia Yusuf, Lamia Saud Shesha

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Abstract

This study focuses on the paradigm shift towards green investment to enhance the resilience of economies and job opportunities under conditions of severe recession and accelerated environmental challenges, and asks what impact the present scenario of COVID-19 leaves on the economy situation. The present study has only focused on the impacts of environmental factors (EF), environmental consciousness (EC), and temporal orientation (TO) on green investment, testing these using a fixed effects model. A representative sample from a homogeneous group is included in the final dataset. However, panel data of 84 observations from 21 cities during the period 2015-2019 are included in the completed sample. The hypothesis constructed for this study was tested for 84 observations from 21 cities between 2015 and 2019. Data from the Saudi General Authority is extracted and tested through regression models. The results show that environmental factors, environmental consciousness and temporal orientation are likely to influence green investment across different regions in Saudi Arabia. Present knowledge about green investment is contributed to through this study that highlights implications for environmentally friendly production activities.

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绿色投资模式转变:沙特阿拉伯创造就业机会和经济稳定的潜在平台

本研究侧重于在严重衰退和环境挑战加剧的情况下，向绿色投资的范式转变，以增强经济韧性和就业机会，并探讨COVID-19当前情景对经济形势的影响。本研究仅关注环境因素(EF)、环境意识(EC)和时间取向(TO)对绿色投资的影响，并采用固定效应模型进行了检验。最终数据集中包含来自同质组的代表性样本。然而，完成的样本中包含了2015-2019年期间来自21个城市的84次观察的面板数据。为本研究构建的假设在2015年至2019年期间对21个城市的84次观察进行了检验。通过回归模型提取和检验来自沙特阿拉伯总局的数据。结果表明，环境因素、环境意识和时间取向可能影响沙特阿拉伯不同地区的绿色投资。本研究强调了对环境友好型生产活动的影响，为目前有关绿色投资的知识作出了贡献。

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来源期刊

Global Environment ENVIRONMENTAL STUDIES-

CiteScore

0.50

自引率

25.00%

发文量

期刊介绍： The half-yearly journal Global Environment: A Journal of History and Natural and Social Sciences acts as a forum and echo chamber for ongoing studies on the environment and world history, with special focus on modern and contemporary topics. Our intent is to gather and stimulate scholarship that, despite a diversity of approaches and themes, shares an environmental perspective on world history in its various facets, including economic development, social relations, production government, and international relations. One of the journal’s main commitments is to bring together different areas of expertise in both the natural and the social sciences to facilitate a common language and a common perspective in the study of history. This commitment is fulfilled by way of peer-reviewed research articles and also by interviews and other special features. Global Environment strives to transcend the western-centric and ‘developist’ bias that has dominated international environmental historiography so far and to favour the emergence of spatially and culturally diversified points of view. It seeks to replace the notion of ‘hierarchy’ with those of ‘relationship’ and ‘exchange’ – between continents, states, regions, cities, central zones and peripheral areas – in studying the construction or destruction of environments and ecosystems.