This study examines the influence of trade dependence, encompassing both export and import dependence, and economic dependence on cultural distance within the context of China and ASEAN countries from 1995 to 2020. Employing random‐effects models and, we investigate the impact of these dependencies on cultural distance and explore the moderating effects of humanistic exchange. Our findings reveal that trade dependence, export dependence, import dependence, and economic dependence exert negative effects on cultural distance between China and ASEAN countries. These findings are supported by the robustness test. We further analyze the moderating effects of humanistic exchange on the relationship between trade dependence, economic dependence, and cultural distance, confirming significant moderating effects specifically for trade dependence. Additionally, we observe that regional trade agreements and cultural exchange programs have heterogeneous effects on the relationship between trade and economic dependence and cultural distance, particularly among China and ASEAN countries with established agreements and programs.
{"title":"Trade dependence and cultural distance: An analysis of economic interactions and humanistic exchanges between China and ASEAN countries","authors":"Hanhui Li, Cavin Pamintuan, Asad Nisar, Rabia Rafique","doi":"10.1111/1477-8947.12562","DOIUrl":"https://doi.org/10.1111/1477-8947.12562","url":null,"abstract":"This study examines the influence of trade dependence, encompassing both export and import dependence, and economic dependence on cultural distance within the context of China and ASEAN countries from 1995 to 2020. Employing random‐effects models and, we investigate the impact of these dependencies on cultural distance and explore the moderating effects of humanistic exchange. Our findings reveal that trade dependence, export dependence, import dependence, and economic dependence exert negative effects on cultural distance between China and ASEAN countries. These findings are supported by the robustness test. We further analyze the moderating effects of humanistic exchange on the relationship between trade dependence, economic dependence, and cultural distance, confirming significant moderating effects specifically for trade dependence. Additionally, we observe that regional trade agreements and cultural exchange programs have heterogeneous effects on the relationship between trade and economic dependence and cultural distance, particularly among China and ASEAN countries with established agreements and programs.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"11 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213683","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article represents the first endeavor to establish a connection between foreign aid and climate‐related financial policies (CRFPs) within the European region. The findings are critical to suggest policy implications for governments in making capital flow effective, especially in mitigating environmental degradation. CRFPs represent the count of climate‐related financial policies implemented by 28 European countries annually from 2010 to 2021. We utilize four distinct indicators to capture foreign aid, namely net foreign aid, net Official Development Assistance (ODA) received development index, net ODA received share, and net ODA received per capita. Our research reveals that foreign aid has an adverse effect on CRFPs, as evidenced across all four measures of foreign aid. Notably, the net ODA received share demonstrates a nonlinear relationship with CRFPs. Additionally, we conducted a study to examine how institutional quality moderates the association between financial aid and the implementation of CRFPs. The findings suggest that good institutional quality amplifies the impact of foreign aid on CRFPs.
{"title":"The nexus of foreign aid, institutional quality, and climate‐related financial policies: Evidence from the global database","authors":"Le Thanh Ha","doi":"10.1111/1477-8947.12553","DOIUrl":"https://doi.org/10.1111/1477-8947.12553","url":null,"abstract":"This article represents the first endeavor to establish a connection between foreign aid and climate‐related financial policies (CRFPs) within the European region. The findings are critical to suggest policy implications for governments in making capital flow effective, especially in mitigating environmental degradation. CRFPs represent the count of climate‐related financial policies implemented by 28 European countries annually from 2010 to 2021. We utilize four distinct indicators to capture foreign aid, namely net foreign aid, net Official Development Assistance (ODA) received development index, net ODA received share, and net ODA received per capita. Our research reveals that foreign aid has an adverse effect on CRFPs, as evidenced across all four measures of foreign aid. Notably, the net ODA received share demonstrates a nonlinear relationship with CRFPs. Additionally, we conducted a study to examine how institutional quality moderates the association between financial aid and the implementation of CRFPs. The findings suggest that good institutional quality amplifies the impact of foreign aid on CRFPs.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"39 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The issue of greenhouse gas emissions from foreign direct investment (FDI) continues to fuel debate in the climate change mitigation literature. Some support the pollution halo hypothesis while others emphasize on the pollution haven hypothesis. Thus, the overall objective of this research is to analyze the effect of agricultural foreign direct investment on methane emissions in Sub‐Saharan Africa. The data for the study are from several sources, mainly FAOSTAT, WDI, and Chin‐Ito Index. For econometric estimations, Dynamic Ordinary Least Squares (DOLS) model is applied to unbalanced panel data and the Fully Modified Ordinary Least Squares (FMOLS) is used for robustness check. The results indicate that increasing agricultural foreign direct investment by 1% increases methane emissions by 3.30% in Sub‐Saharan Africa, thus confirming the pollution haven hypothesis. Consequently, the move toward the Paris Agreement is proving to be delicate in an increasing agricultural FDI context. Thus, the integration of climate change mitigation strategies into the business plans of foreign agricultural investors is strongly recommended in Sub‐Saharan Africa.
{"title":"Impact of foreign direct investment on methane emissions in agriculture: An empirical evidence based on Sub‐Saharan Africa","authors":"Mikémina Pilo, Komlan Olakossan Gbegnon","doi":"10.1111/1477-8947.12555","DOIUrl":"https://doi.org/10.1111/1477-8947.12555","url":null,"abstract":"The issue of greenhouse gas emissions from foreign direct investment (FDI) continues to fuel debate in the climate change mitigation literature. Some support the pollution halo hypothesis while others emphasize on the pollution haven hypothesis. Thus, the overall objective of this research is to analyze the effect of agricultural foreign direct investment on methane emissions in Sub‐Saharan Africa. The data for the study are from several sources, mainly FAOSTAT, WDI, and Chin‐Ito Index. For econometric estimations, Dynamic Ordinary Least Squares (DOLS) model is applied to unbalanced panel data and the Fully Modified Ordinary Least Squares (FMOLS) is used for robustness check. The results indicate that increasing agricultural foreign direct investment by 1% increases methane emissions by 3.30% in Sub‐Saharan Africa, thus confirming the pollution haven hypothesis. Consequently, the move toward the Paris Agreement is proving to be delicate in an increasing agricultural FDI context. Thus, the integration of climate change mitigation strategies into the business plans of foreign agricultural investors is strongly recommended in Sub‐Saharan Africa.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"14 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Oluwatoyin Abidemi Somoye, Awosusi Abraham Ayobamiji
Global challenges, such as the COVID‐19 impacts, climate crisis, and geopolitical tensions, have prompted economic transformations. These issues have led to macroeconomic data assuming non‐normal distributions, necessitating a nonlinear analytical approach. As a result, this study unveils the influence of energy intensity, renewable energy, economic growth, and financial development on carbon dioxide emissions in Iceland from 1995Q1 to 2020Q4 using the Quantile‐on‐Quantile Kernel‐Based Regularized Least Squares (QQKRLS) and Wavelets Quantile Correlation (WQC) methods. The QQKRLS results showed that energy intensity, renewable energy, and economic growth are negatively associated with carbon dioxide emissions across various quantiles, while financial development is positively linked with carbon dioxide emissions. Furthermore, the WQC outcomes confirm the results of the QQKRLS. In addition, in the short and medium term, financial development negatively affects carbon dioxide emissions across various quantiles, while in the long term, financial development positively influences carbon dioxide emissions. In light of the results gleaned from this study, Iceland should continue on its path of renewable energy investments, create policies that will completely decouple economic growth from carbon dioxide emissions, and ensure that the development of the financial system is funding clean energy activities. This provides a roadmap for sustainable economic and environmental development.
{"title":"Can energy intensity, clean energy utilization, economic expansion, and financial development contribute to ecological progress in Iceland? A quantile‐on‐quantile KRLS analysis","authors":"Oluwatoyin Abidemi Somoye, Awosusi Abraham Ayobamiji","doi":"10.1111/1477-8947.12564","DOIUrl":"https://doi.org/10.1111/1477-8947.12564","url":null,"abstract":"Global challenges, such as the COVID‐19 impacts, climate crisis, and geopolitical tensions, have prompted economic transformations. These issues have led to macroeconomic data assuming non‐normal distributions, necessitating a nonlinear analytical approach. As a result, this study unveils the influence of energy intensity, renewable energy, economic growth, and financial development on carbon dioxide emissions in Iceland from 1995Q1 to 2020Q4 using the Quantile‐on‐Quantile Kernel‐Based Regularized Least Squares (QQKRLS) and Wavelets Quantile Correlation (WQC) methods. The QQKRLS results showed that energy intensity, renewable energy, and economic growth are negatively associated with carbon dioxide emissions across various quantiles, while financial development is positively linked with carbon dioxide emissions. Furthermore, the WQC outcomes confirm the results of the QQKRLS. In addition, in the short and medium term, financial development negatively affects carbon dioxide emissions across various quantiles, while in the long term, financial development positively influences carbon dioxide emissions. In light of the results gleaned from this study, Iceland should continue on its path of renewable energy investments, create policies that will completely decouple economic growth from carbon dioxide emissions, and ensure that the development of the financial system is funding clean energy activities. This provides a roadmap for sustainable economic and environmental development.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"107 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Muhammad Faheem, Muhammad Zahid, Haseeb Ur Rahman, Amin Jan, Syed Emad Azhar Ali
The study aims to inquire about the level of understanding of Sustainable Development Goals (SDGs), Sustainable Finance (SF), and Financial Inclusion (FI) among business graduates. The data were collected through a self‐administered questionnaire from 342 business graduates from different universities in a developing country like Pakistan. The findings revealed that the respondents have a no‐to‐low understanding of SF, FI, and the role or importance of these in achieving the 17 SDGs. The findings suggest major revisions in the structure and contents of different business degrees in Pakistan. Overall, the study opens new avenues for research and provides important insights for all the key stakeholders, including universities, higher education institutions (HEIs), the Higher Education Commission (HEC), students, and parents. The study also has social and practical implications for various stakeholders in the HEIs.
{"title":"Sustainable development goals, sustainable finance, and financial inclusion: An awareness perspective of business graduates","authors":"Muhammad Faheem, Muhammad Zahid, Haseeb Ur Rahman, Amin Jan, Syed Emad Azhar Ali","doi":"10.1111/1477-8947.12558","DOIUrl":"https://doi.org/10.1111/1477-8947.12558","url":null,"abstract":"The study aims to inquire about the level of understanding of Sustainable Development Goals (SDGs), Sustainable Finance (SF), and Financial Inclusion (FI) among business graduates. The data were collected through a self‐administered questionnaire from 342 business graduates from different universities in a developing country like Pakistan. The findings revealed that the respondents have a no‐to‐low understanding of SF, FI, and the role or importance of these in achieving the 17 SDGs. The findings suggest major revisions in the structure and contents of different business degrees in Pakistan. Overall, the study opens new avenues for research and provides important insights for all the key stakeholders, including universities, higher education institutions (HEIs), the Higher Education Commission (HEC), students, and parents. The study also has social and practical implications for various stakeholders in the HEIs.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"2 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213684","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Muhammad Ramiz Murtaza, Fan Hongzhong, Atta Ullah, Saba Khan
A global surge in socio‐economic activities is putting a massive burden on ecological balance, which has become one of the major challenges worldwide. Yet, it is complicated for national and international authorities to find eco‐friendly and interlinked socio‐economic developments due to a lack of empirical evidence. In this era of digitalization, digital financial inclusion has an ability to create a balance among economy, ecology, and society by conserving natural resources. Meanwhile, it minimizes ecological burden by promoting sustainable energy transition at all societal levels, which is the main agenda of the United Nations (UN) Climate Change 28th Conference of Parties (UN‐COP28). Focusing on these intentions, this research aims to explore the dynamic influence of digital financial inclusion (DFI), sustainable energy transition (SET), and governance (GOV) on global ecological footprints (EFT) by taking a sample of 121 nations within a timeframe of 2003–2022. This study utilizes a two‐step system generalized method of moments (GMM) and Driscoll–Kraay (D–K) regression as prime and robust empirical techniques, respectively. The outcomes reveal that DFI significantly reduces EFT worldwide and upper‐middle‐income samples; however, it significantly enhances EFT in high‐income nations. While DFI has a negative and insignificant connection with EFT in lower‐middle and low‐income countries. Moreover, SET significantly declines EFT in all categories, and mixed outcomes are found for the linkage between GOV and EFT. Some vital policy implications for ecological sustainability are also provided in this research work.
{"title":"The dynamic role of digital financial inclusion, sustainable energy transition, and governance in achieving global ecological sustainability","authors":"Muhammad Ramiz Murtaza, Fan Hongzhong, Atta Ullah, Saba Khan","doi":"10.1111/1477-8947.12557","DOIUrl":"https://doi.org/10.1111/1477-8947.12557","url":null,"abstract":"A global surge in socio‐economic activities is putting a massive burden on ecological balance, which has become one of the major challenges worldwide. Yet, it is complicated for national and international authorities to find eco‐friendly and interlinked socio‐economic developments due to a lack of empirical evidence. In this era of digitalization, digital financial inclusion has an ability to create a balance among economy, ecology, and society by conserving natural resources. Meanwhile, it minimizes ecological burden by promoting sustainable energy transition at all societal levels, which is the main agenda of the United Nations (UN) Climate Change 28th Conference of Parties (UN‐COP28). Focusing on these intentions, this research aims to explore the dynamic influence of digital financial inclusion (DFI), sustainable energy transition (SET), and governance (GOV) on global ecological footprints (EFT) by taking a sample of 121 nations within a timeframe of 2003–2022. This study utilizes a two‐step system generalized method of moments (GMM) and Driscoll–Kraay (D–K) regression as prime and robust empirical techniques, respectively. The outcomes reveal that DFI significantly reduces EFT worldwide and upper‐middle‐income samples; however, it significantly enhances EFT in high‐income nations. While DFI has a negative and insignificant connection with EFT in lower‐middle and low‐income countries. Moreover, SET significantly declines EFT in all categories, and mixed outcomes are found for the linkage between GOV and EFT. Some vital policy implications for ecological sustainability are also provided in this research work.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"180 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ecological impairments are considered one of the most contentious and uncertain subjects in intercontinental mediums, and they are also considered a significant apprehension for the entire world. Therefore, environmentalists and policymakers have turned their deliberation from conventional economic expansion to green economic growth. Even though existing studies have deliberated numerous determinants of environmental degradation, financial development, economic policy uncertainty, globalization, and renewable energy influence on ecological footprint is comparatively unexplored simultaneously, especially in financially developed economies. Hence, the present study explored the impact of financial development, economic policy uncertainty, globalization, and renewable energy on ecological footprint from 1995 to 2021. After confirming the issue of potential cross‐sectional dependency, this study employs a second‐generation econometric procedure to estimate robust and consistent estimates. The estimated results from augmented mean group (AMG) and common correlated effect mean group (CCEMG) estimators explored that financial development and renewable energy significantly protect the environment. Conversely, globalization and economic policy uncertainty increase the overall level of ecological footprint in the region. Based on these estimated results, the present research suggests some feasible policy insinuations for accomplishing targets of the Sustainable Development Goals (SDG‐7 and SDG‐13).
{"title":"The triple helix of environmental prosperity: Economic policy uncertainty, financial expansion, and green energy in a financially flourishing bloc","authors":"Fazale Naeem, Yuping Deng, Muhammad Naveed","doi":"10.1111/1477-8947.12542","DOIUrl":"https://doi.org/10.1111/1477-8947.12542","url":null,"abstract":"Ecological impairments are considered one of the most contentious and uncertain subjects in intercontinental mediums, and they are also considered a significant apprehension for the entire world. Therefore, environmentalists and policymakers have turned their deliberation from conventional economic expansion to green economic growth. Even though existing studies have deliberated numerous determinants of environmental degradation, financial development, economic policy uncertainty, globalization, and renewable energy influence on ecological footprint is comparatively unexplored simultaneously, especially in financially developed economies. Hence, the present study explored the impact of financial development, economic policy uncertainty, globalization, and renewable energy on ecological footprint from 1995 to 2021. After confirming the issue of potential cross‐sectional dependency, this study employs a second‐generation econometric procedure to estimate robust and consistent estimates. The estimated results from augmented mean group (AMG) and common correlated effect mean group (CCEMG) estimators explored that financial development and renewable energy significantly protect the environment. Conversely, globalization and economic policy uncertainty increase the overall level of ecological footprint in the region. Based on these estimated results, the present research suggests some feasible policy insinuations for accomplishing targets of the Sustainable Development Goals (SDG‐7 and SDG‐13).","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"21 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142226922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The enormous ensembles of energy resources have elevated Sub‐Saharan Africa (SSA) to a prominent position in the world energy scene as a leading region in forming a sustainable energy future. However, over half of the population in the region lives without electricity and less than 20% of the population has access to clean fuels. The excessive reliance on fossil fuels such as coal, kerosene, and solid biomass has implications for environmental outcomes in SSA. Nevertheless, the environmental impact of energy poverty from the SSA perspective remains an under‐explored terrain in the research landscape. In this context, to address the pressing challenges of energy poverty and environmental sustainability, this study aims to explore the threat energy poverty poses on the ecological footprints, focusing on “land‐use, carbon footprint, forestry resources, and fishing ground” across 35 SSA countries using disaggregated data covering the period 2000 and 2021. This study employs the novel Method of the Moments Quantile Regression following the Stochastic Impacts by Regression on Population, Affluence and Technology model as the reference theoretical and analytical framework. The findings disclose heterogeneous effects of rural and urban energy poverty on ecological footprint items. When comparing the magnitudes, we found that rural energy poverty has a more detrimental impact on land‐use than urban energy poverty. Energy poverty is found to have no reliable power to explain the variation in carbon footprint and fishing ground. In the meantime, urban energy poverty exerts a positive effect on forestry resource sustainability. Surprisingly, population density is found to have a significant and desirable impact on land‐use. Based on the obtained results, numerous policy suggestions have been discussed along with some prospects for future research.
丰富的能源资源使撒哈拉以南非洲（SSA）在世界能源舞台上占据了突出位置，成为形成可持续能源未来的领先地区。然而，该地区一半以上的人口没有电力供应，只有不到 20% 的人口能够获得清洁燃料。对煤炭、煤油和固体生物质等化石燃料的过度依赖对撒南非洲的环境结果产生了影响。然而，从撒哈拉以南非洲地区的角度来看，能源贫困对环境的影响仍然是研究领域中尚未充分开发的领域。在此背景下，为应对能源贫困和环境可持续性的紧迫挑战，本研究旨在利用 2000 年至 2021 年期间的分类数据，探讨能源贫困对生态足迹的威胁，重点关注 35 个撒南非洲国家的 "土地利用、碳足迹、林业资源和渔场"。本研究采用了新颖的矩量回归法（Method of the Moments Quantile Regression）和人口、富裕程度和技术随机影响回归模型（Stochastic Impacts by Regression on Population, Affluence and Technology model）作为参考理论和分析框架。研究结果显示了农村和城市能源贫困对生态足迹项目的不同影响。在比较影响程度时，我们发现农村能源贫困比城市能源贫困对土地利用的不利影响更大。在解释碳足迹和渔场的变化方面，能源贫困没有可靠的解释力。同时，城市能源贫困对林业资源的可持续性有积极影响。出乎意料的是，人口密度对土地利用有显著的理想影响。根据研究结果，我们讨论了许多政策建议，并展望了未来的研究前景。
{"title":"Energy poverty and environmental sustainability in Sub‐Saharan Africa: Evidence from method of moments quantile regression","authors":"Mohammed Alnour, Faik Bilgili, Kamran Khan","doi":"10.1111/1477-8947.12551","DOIUrl":"https://doi.org/10.1111/1477-8947.12551","url":null,"abstract":"The enormous ensembles of energy resources have elevated Sub‐Saharan Africa (SSA) to a prominent position in the world energy scene as a leading region in forming a sustainable energy future. However, over half of the population in the region lives without electricity and less than 20% of the population has access to clean fuels. The excessive reliance on fossil fuels such as coal, kerosene, and solid biomass has implications for environmental outcomes in SSA. Nevertheless, the environmental impact of energy poverty from the SSA perspective remains an under‐explored terrain in the research landscape. In this context, to address the pressing challenges of energy poverty and environmental sustainability, this study aims to explore the threat energy poverty poses on the ecological footprints, focusing on “land‐use, carbon footprint, forestry resources, and fishing ground” across 35 SSA countries using disaggregated data covering the period 2000 and 2021. This study employs the novel Method of the Moments Quantile Regression following the Stochastic Impacts by Regression on Population, Affluence and Technology model as the reference theoretical and analytical framework. The findings disclose heterogeneous effects of rural and urban energy poverty on ecological footprint items. When comparing the magnitudes, we found that rural energy poverty has a more detrimental impact on land‐use than urban energy poverty. Energy poverty is found to have no reliable power to explain the variation in carbon footprint and fishing ground. In the meantime, urban energy poverty exerts a positive effect on forestry resource sustainability. Surprisingly, population density is found to have a significant and desirable impact on land‐use. Based on the obtained results, numerous policy suggestions have been discussed along with some prospects for future research.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"5 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142213691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The world community faces serious challenges such as climate change, biological loss, and environmental degradation. Developing ecological technologies is vital for coping with these unreversible crises. This study proposed a modified green knowledge production function to achieve sustainable development goals and generate policies for promoting environmental technologies. It examined the impact of market demands, environmental research and development expenditures, human capital, and environmental protection policies on the production of green environment technologies. Panel data included 16 OECD countries from 1990 to 2019. Data analysis strategies included the Gengenbach, Urbain, and Westerlund panel co‐integration test, fully modified least squares, mean group dynamic least squares, and estimators such as feasible generalized least squares and panel‐corrected standard errors for robust checks. A novel panel causality test via a half‐panel jackknife estimator was also applied for causality analyses. The findings showed that human capital, market size, and environmental policy stringency played significant roles in producing environmental technologies and innovations. Although environmental expenditures made by the government positively affected the supply of green innovation, no statistically significant results were observed. The study highlights the importance of enhancing environmental innovation factors by promoting policies, including human capital development, environmental sanctions, and market demands for a sustainable environment.
{"title":"Green innovation for a sustainable environment: Modeling the new green knowledge production function for OECD countries","authors":"Ferhat Özbay","doi":"10.1111/1477-8947.12552","DOIUrl":"https://doi.org/10.1111/1477-8947.12552","url":null,"abstract":"The world community faces serious challenges such as climate change, biological loss, and environmental degradation. Developing ecological technologies is vital for coping with these unreversible crises. This study proposed a modified green knowledge production function to achieve sustainable development goals and generate policies for promoting environmental technologies. It examined the impact of market demands, environmental research and development expenditures, human capital, and environmental protection policies on the production of green environment technologies. Panel data included 16 OECD countries from 1990 to 2019. Data analysis strategies included the Gengenbach, Urbain, and Westerlund panel co‐integration test, fully modified least squares, mean group dynamic least squares, and estimators such as feasible generalized least squares and panel‐corrected standard errors for robust checks. A novel panel causality test via a half‐panel jackknife estimator was also applied for causality analyses. The findings showed that human capital, market size, and environmental policy stringency played significant roles in producing environmental technologies and innovations. Although environmental expenditures made by the government positively affected the supply of green innovation, no statistically significant results were observed. The study highlights the importance of enhancing environmental innovation factors by promoting policies, including human capital development, environmental sanctions, and market demands for a sustainable environment.","PeriodicalId":49777,"journal":{"name":"Natural Resources Forum","volume":"318 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142226923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xiaoli Wang, Jie Yang, Mahmood Ahmad, Zahoor Ahmed
Achieving sustainable development while mitigating environmental degradation is a pressing global challenge. Economic development, accompanied by industrialization, fossil fuel consumption, and unsustainable use of natural resources, is widely identified in the literature as a leading cause of environmental degradation. Green energy transition (GET) and economic complexity—the shift towards more advanced and knowledge‐driven manufacturing, can be crucial strategies in reducing ecological degradation and helping countries achieve climate change mitigation targets. Green finance can play an important role in environmental sustainability, while geopolitical risk can impede countries' climate mitigation efforts. In this context, this study investigates the impact of GET, economic complexity, green finance, and geopolitical risk on the ecological footprint in OECD countries from 1995 to 2021. These four critical factors are integrated into the same environmental policy framework due to their potential to influence environmental sustainability in OECD economies. The study employed the Method of Moments Quantile Regression to provide robust estimates across different quantiles. The empirical outcomes unveiled that GET significantly reduces the ecological footprint across all quantiles. The economic complexity posed a significant and negative impact across all quantiles except at the lower quantile (τ = 0.10). Green finance also poses a negative impact, indicating its effectiveness in promoting environmental sustainability. However, geopolitical risk exacerbates the ecological footprint. The control variables, GDP and urbanization, are found to increase the ecological footprint. In terms of policy implications, this study suggests that policymakers should focus on increasing the share of green energy, fostering economic complexity and green finance, and mitigating geopolitical tensions to reduce the ecological footprint and achieve environmental sustainability in OECD nations.
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