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Review on Valuation of Environmental Amenity and Pollution 环境美化和污染估值回顾
Pub Date : 2024-04-23 DOI: 10.56556/jescae.v3i2.837
Mekuannet Worku Tefera
The importance of enhancing environmental quality to promote economic development by improving societal well-being and sustainable development on quality of environment have attracted significant attention from researchers in recent years. The focus has been on creating pleasing environments and establishing economic value for such quality improvements in both developed and developing nations. This goes beyond designing the most suitable regulatory instruments; it also involves ensuring the quality of supporting regulatory institutions and their capacity. Although it's evident that human activities significantly impact on health of the environment by emitting pollution, decision-makers find it challenging to grasp the effects of environmental quality and make decisions regarding it due to limited information about the value of environmental conditions (i.e. amenity services and pollution) and their interactions. This paper reviews various studies on the economic valuation of environmental conditions and pollution, the relationship between environmental pollution and amenity services, and the factors influencing the improvement of environmental conditions (including socio-economic variables). The evidence from these studies indicates a causal link between pollution levels in the environment and environmental amenities, and consequently, economic performance.
近年来,通过改善社会福祉和环境质量的可持续发展来提高环境质量以促进经济发展的重要性引起了研究人员的极大关注。研究的重点是在发达国家和发展中国家创造令人愉悦的环境,并为这种质量改善确定经济价值。这不仅包括设计最合适的监管工具,还包括确保辅助监管机构的质量及其能力。虽然人类活动排放污染对环境健康的影响显而易见,但由于有关环境条件(即美化环境服务和污染)的价值及其相互作用的信息有限,决策者很难把握环境质量的影响并做出相关决策。本文回顾了有关环境状况和污染的经济价值、环境污染和完善生活服务之间的关系以及影响环境状况改善的因素(包括社会经济变量)的各种研究。这些研究的证据表明,环境污染水平与环境便利设施之间存在因果关系,因此也与经济表现有关。
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引用次数: 0
The Threshold level of Institutional Quality in the Nexus between Financial Development and Environmental Sustainability in Nigeria 尼日利亚金融发展与环境可持续性之间关系中的机构质量阈值水平
Pub Date : 2024-02-21 DOI: 10.56556/jescae.v3i1.741
Grace Oje
Empirics on the relationship between financial development and environmental sustainability remain ambiguous in the literature. The threshold level at which institutional quality facilitates the relationship between financial development and environmental sustainability in respect to the Nigerian economy is still an open question. This study investigates the threshold level of institutional quality in the link between financial development and environmental sustainability in Nigeria from 1986 to 2020. Times series threshold autoregression technique was applied to determine the threshold level of institutional quality. The result of the threshold revealed that 4.32 is the threshold level of institutional quality in Nigeria. Below the threshold level financial development is not stimulated to improve environmental sustainability but above the threshold level institutional quality stimulates financial development to improve environmental sustainability. This study suggests that institutional credibility and transparency should be enhanced beyond the threshold level to effect the needed change in increasing environmental preservation in Nigeria.
文献中关于金融发展与环境可持续性之间关系的经验仍然模糊不清。就尼日利亚经济而言,制度质量促进金融发展与环境可持续性之间关系的临界水平仍是一个悬而未决的问题。本研究调查了 1986 年至 2020 年尼日利亚金融发展与环境可持续性之间关系的制度质量临界水平。研究采用了时间序列阈值自回归技术来确定制度质量的阈值水平。阈值结果显示,4.32 是尼日利亚制度质量的阈值水平。低于阈值水平不会刺激金融发展以改善环境可持续性,但高于阈值水平的制度质量会刺激金融发展以改善环境可持续性。这项研究表明,应提高机构的可信度和透明度,使其超过临界水平,以实现所需的变革,增强尼日利亚的环境保护。
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引用次数: 0
Influences of foreign direct investment and carbon emission on economic growth in Vietnam 外国直接投资和碳排放对越南经济增长的影响
Pub Date : 2024-01-01 DOI: 10.56556/jescae.v3i1.670
Asif Raihan
Over the course of the previous three decades, Vietnam has seen a phase of economic growth, resulting in the influx of foreign direct investment (FDI). However, it is essential to note that there was an extensive rise in carbon dioxide (CO2) emissions throughout this period. The objective of this research is to analyze the impact of FDI and CO2 emissions on Vietnam's economic growth, utilizing time series data from 1990 to 2021. The stationarity of the data was assessed using unit root tests, while an autoregressive distributed lag (ARDL) procedure was utilized to examine the long- and short-run associations between the components. Based on the research outcomes, it is seen that a marginal rise of one percent in both FDI and CO2 emissions is associated with a corresponding long-term gain of 1.36 percent and 1.11 percent in gross domestic product (GDP). Furthermore, in the short term, these increments yield an increase of 0.61 percent and 0.29 percent in GDP. The conclusions of this study will provide valuable insights for policymakers in crafting policies that effectively promote sustainable development. Specifically, these policies would aim to strike a balance between capital growth derived from foreign investments and economic expansion, while concurrently mitigating carbon emissions.
在过去的三十年中,越南经历了经济增长阶段,外国直接投资(FDI)大量涌入。然而,必须指出的是,在此期间,二氧化碳(CO2)排放量大幅上升。本研究旨在利用 1990 年至 2021 年的时间序列数据,分析外国直接投资和二氧化碳排放对越南经济增长的影响。利用单位根检验评估了数据的静态性,同时利用自回归分布滞后(ARDL)程序检验了各组成部分之间的长期和短期关联。研究结果表明,外国直接投资和二氧化碳排放量每增加 1%,国内生产总值(GDP)就会相应增加 1.36%和 1.11%。此外,在短期内,这些增量可使国内生产总值分别增长 0.61% 和 0.29%。本研究的结论将为决策者制定有效促进可持续发展的政策提供宝贵的见解。具体而言,这些政策的目标是在外国投资带来的资本增长和经济扩张之间取得平衡,同时减少碳排放。
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引用次数: 0
Estimating Circular Economic Potential of Organic Fraction of Municipal Solid Waste in Small City 估算小城市城市固体废物有机部分的循环经济潜力
Pub Date : 2023-12-12 DOI: 10.56556/jescae.v2i4.683
I. M. Gunamantha, I. Gede, Astra Wesnawa, Ni Made Oviantari, Ni Wayan Yuningrat, Putu Lilik, Pratami Kristiyanti, Komang Widiadnyana
The current waste management paradigm leads to a circular economic approach. To implement it, it is necessary to know the potential for resource recovery from waste, including organic fraction of municipal solid waste (OFMSW). This research aims to investigate the potential for resource recovery from OFMSW generated in Buleleng Regency, Bali Province, Indonesia. Five technologies were assessed for their potential to transform OFMSW into resources, namely anaerobic decomposition (AD), densification and drying to produce solid fuel, composting, processing with black soldier fly (BSF), and processing for eco-enzymes production. The potential for resource recovery is estimated using a simple linear relationship mathematical model using data available from the literature and secondary data of waste generation in Buleleng Regency. The study estimated 37,489.08 tons OFMSW is generated in Buleleng in 2023. The estimate shows that revenue potential from densification and drying about 9,336 million IDR, followe by composting about 2,471 million IDR, anaerobic digestion about 1,939 million IDR, BSF about 145 million IDR, and eco-enzyme about 13 million IDR. Finally, by estimating the quantity of resources available in OFMSW and their potential market value, it can be taken into consideration in planning and managing the circularity of OFMSW.
当前的废物管理模式是一种循环经济方法。要实施这种方法,就必须了解从废物(包括城市固体废物中的有机部分)中回收资源的潜力。本研究旨在调查印度尼西亚巴厘省 Buleleng 地区产生的城市固体废物有机部分的资源回收潜力。研究评估了五种技术将城市固体废弃物转化为资源的潜力,即厌氧分解(AD)、变密和干燥以生产固体燃料、堆肥、用黑兵蝇(BSF)处理以及用于生产生态酶的处理。资源回收的潜力是通过一个简单的线性关系数学模型,利用文献中的数据和布勒伦地区废物产生的二手数据估算出来的。研究估计,2023 年布勒楞将产生 37,489.08 吨 OFMSW。估算结果显示,浓缩和干燥的收入潜力约为 93.36 亿印尼盾,其次是堆肥约 24.71 亿印尼盾,厌氧消化约 19.39 亿印尼盾,BSF 约 1.45 亿印尼盾,生态酵素约 1300 万印尼盾。最后,通过估算 OFMSW 可用资源的数量及其潜在市场价值,可以在规划和管理 OFMSW 循环利用时加以考虑。
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引用次数: 0
A Nonlinear Approach to the Analysis of the Financial Innovation-Money Demand Nexus in Nigeria 分析尼日利亚金融创新与货币需求关系的非线性方法
Pub Date : 2023-12-08 DOI: 10.56556/jescae.v2i4.707
E. Ogbaro, C. Olaniyi, Oluwasegun Eseyin, B. C. Olopade
This study examines the asymmetric roles of financial innovation in the money demand function in Nigeria using annual data over the period 1981-2020. This is with a view to providing insight into how changes in financial innovation have contributed to the level and stability of the money demand function. The study questions the fundamental assumption of the existing literature that growing trends in financial innovation have symmetric or linear effects on the country’s money demand. Hence, it adopts the nonlinear autoregressive distributed lag (NARDL) with bounds testing procedure together with the cumulative sum of recursive as well as the cumulative sum of squares of recursive residuals tests. Results show that the link between financial innovation and money demand is asymmetric and that of the two partial sum variables, only positive changes in financial innovation have significant effects with the sign being positive in both the short run and long run. This shows that assumptions of linearity and no asymmetric structure reported in extant studies for financial innovation are somewhat misleading. Findings also confirm the stability of demand for money in Nigeria on account of the introduction of asymmetric effects of financial innovation. The study concludes that the financial innovation-money demand nexus is asymmetric and that there is stability in the country’s money demand function once asymmetry or nonlinearity is captured in the nexus. Therefore, it recommends the need for monetary authorities to pay attention to positive changes in financial innovation when policies on money demand are formulated for the purpose of enhancing the effectiveness and reliability of monetary policy as a tool for stabilising the economy.
本研究利用 1981-2020 年期间的年度数据,研究了金融创新在尼日利亚货币需求函数中的不对称作用。目的是深入了解金融创新的变化如何促进了货币需求函数的水平和稳定性。研究质疑了现有文献的基本假设,即金融创新的增长趋势会对国家的货币需求产生对称或线性的影响。因此,研究采用了非线性自回归分布滞后(NARDL)的边界检验程序,以及递归残差累积和以及递归残差累积平方和检验。结果表明,金融创新与货币需求之间的联系是非对称的,在两个偏和变量中,只有金融创新的正向变化才会产生显著影响,并且在短期和长期中的符号都是正的。这表明,现有研究中关于金融创新的线性和非对称结构的假设存在一定的误导性。研究结果还证实,由于引入了金融创新的非对称效应,尼日利亚的货币需求保持稳定。研究得出结论,金融创新与货币需求之间的关系是非对称的,一旦在这种关系中捕捉到非对称或非线性,该国的货币需求函数就会保持稳定。因此,研究建议货币当局在制定货币需求政策时需要关注金融创新的积极变化,以提高货币政策作为稳定经济工具的有效性和可靠性。
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引用次数: 0
To Study the Mutual Fund Investment Return Against the Rising Inflation in Malaysia 研究马来西亚共同基金在通货膨胀下的投资回报
Pub Date : 2023-11-09 DOI: 10.56556/jescae.v2i4.669
Wee Win Yeoh
The primary objective in investment had been no doubt to overcome the inflation pressure within the economy over time to avoid losing out purchasing power as well as increasing the dollar value through investing and hence creating higher wealth for the individuals. The benchmark for the rising inflation rate in Malaysia had been concerning for the investors which triggered the motivation of the study to explore the study on mutual fund investment return in comparison against the inflation rate for the country. With this, the quantitative analysis had been introduced with the correlation analysis and regression analysis to test the significance of the relationship between the mutual fund investment return and the inflation rate in Malaysia. The results had shown existence of negative correlation between the two variables but remained not significant from inflation rate to influence the investment return of mutual fund. In addition, the comparative analysis conducted had been evidenced to show greater return on average for the past 11 years of study to surpass the inflation rate in Malaysia. With the higher return on investment for mutual as negative correlation against the inflation growth, it is recommended for the investors to invest in mutual fund especially in the time of recession in the country.
毫无疑问,投资的主要目标是克服经济内部的通货膨胀压力,以避免失去购买力,并通过投资增加美元价值,从而为个人创造更高的财富。马来西亚通货膨胀率上升的基准一直受到投资者的关注,这引发了研究的动机,探讨共同基金投资回报与该国通货膨胀率的比较研究。在此基础上,引入定量分析,运用相关分析和回归分析来检验马来西亚共同基金投资收益与通货膨胀率之间关系的显著性。结果表明,通货膨胀率与基金投资收益之间存在负相关关系,但通货膨胀率对基金投资收益的影响不显著。此外,进行的比较分析显示,在过去11年的研究中,平均回报率高于马来西亚的通货膨胀率。由于共同基金的投资回报率与通货膨胀率呈负相关关系,因此建议投资者投资共同基金,特别是在国家经济衰退时期。
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引用次数: 0
Mathematical Modeling of Dynamic Interactions in Green Energy Transition for Economic and Environmental Sustainability 面向经济和环境可持续性的绿色能源转型动态相互作用的数学建模
Pub Date : 2023-10-12 DOI: 10.56556/jescae.v2i4.648
Abdulgaffar Muhammad, Edrin Jeroh, Yusuf Ibrahim Nuhu, Micah Ezekiel Elton Mike, Mohammed Bello Idris
In the pursuit of a harmonious coexistence between economic growth and environmental sustainability, this paper delves into the intricate realm of "Mathematical Modeling of Dynamic Interactions in Green Energy Transition for Economic and Environmental Sustainability." Building upon the foundational contributions of Polimeni, Mayumi, Giampietro, and Alcott (2008), we navigate a complex mathematical landscape where equations articulate the interplay of energy consumption (E), economic production (P), and carbon emissions (C). As the equations come to life, they illuminate pathways that offer theoretical insights into the intricate dynamics at play. These pathways, shaped by nuanced parameters, provide a theoretical foundation to decipher the complex interactions between renewable technologies, economic growth, and environmental balance. Guided by the perspectives of Edenhofer et al. (2014) and Grubler (1998), we transcend equations to explore the strategic realm where policies and strategies find their genesis. The theoretical insights unearthed through this exploration serve as guiding lights for policymakers and stakeholders. Armed with this theoretical compass, policymakers navigate the complexities of green energy transition, crafting interventions that resonate with the rhythm of sustainable progress. These insights enrich the spectrum of strategies aimed at fostering economic prosperity without compromising the delicate equilibrium of the environment. Within the symphony of design, theory metamorphoses into actionable strategies, intricately woven into the fabric of growth and sustainability. This paper underscores the pivotal role of theoretical frameworks in shaping effective policies and strategies, providing a roadmap for a future where equilibrium and progress dance in synchrony.
为了追求经济增长与环境可持续性之间的和谐共存,本文深入研究了“绿色能源转型中经济与环境可持续性动态相互作用的数学建模”这一复杂的领域。在Polimeni, Mayumi, Giampietro和Alcott(2008)的基础贡献的基础上,我们探索了一个复杂的数学景观,其中方程阐明了能源消耗(E),经济生产(P)和碳排放(C)之间的相互作用。随着方程变得生动,它们照亮了为复杂的动态提供理论见解的途径。这些路径由细微的参数形成,为解读可再生能源技术、经济增长和环境平衡之间复杂的相互作用提供了理论基础。在Edenhofer等人(2014)和Grubler等人(1998)的观点指导下,我们超越方程,探索政策和战略起源的战略领域。通过这一探索发现的理论见解为政策制定者和利益相关者提供了指路明灯。有了这一理论指南针,政策制定者就能驾驭绿色能源转型的复杂性,制定出与可持续发展节奏共鸣的干预措施。这些见解丰富了旨在促进经济繁荣而不损害环境微妙平衡的各种战略。在设计的交响乐中,理论转化为可操作的策略,复杂地编织成增长和可持续性的结构。本文强调了理论框架在制定有效政策和战略方面的关键作用,为均衡与进步同步的未来提供了路线图。
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引用次数: 1
A review of tropical blue carbon ecosystems for climate change mitigation 缓解气候变化的热带蓝碳生态系统综述
Pub Date : 2023-10-01 DOI: 10.56556/jescae.v2i4.602
Asif Raihan
Tropical blue carbon ecosystems encompass several components such as mangroves, seaweed, and seagrass, which play a crucial role in delivering a diverse array of services including regulation, provisioning, cultural, and support functions to a significant human population. The preservation and rehabilitation of tropical marine ecosystems hold significant importance for society due to the adverse consequences associated with their degradation, which include the impairment of crucial services such as coastal protection and the provision of seafood resources. Nonetheless, a significant knowledge deficit persists about the comprehensive capabilities of blue carbon ecosystems in terms of mitigating climate change and delivering socio-economic advantages. Hence, the primary objective of this study is to critically examine the economic significance of ecosystem services rendered by blue carbon habitats, along with the associated obstacles, governance mechanisms, and conservation approaches employed to address climate change mitigation through these ecosystems. The integration of blue carbon ecosystems conservation, protection, and restoration should be prioritized within mitigation and carbon stock conservation plans across local, national, and global scales. This article reviews various forms of governance, such as market-based instruments, public investment, partnership initiatives, and community-based management, that have the potential for future implementation. In a broader context, safeguarding tropical marine habitats is an ecological necessity that warrants recognition as a potential avenue for generating more cash and alleviating national debts across various countries. This review paper presents a comprehensive overview of the existing knowledge regarding severely degraded tropical blue carbon ecosystems, with the aim of offering a structured framework that can be utilized by stakeholders to facilitate their efforts in restoring these ecosystems.
热带蓝碳生态系统包括红树林、海藻和海草等几个组成部分,它们在向大量人口提供各种服务方面发挥着至关重要的作用,包括调节、供应、文化和支持功能。热带海洋生态系统的保护和恢复对社会具有重要意义,因为其退化会产生不利后果,包括损害沿海保护和提供海产品资源等关键服务。尽管如此,关于蓝碳生态系统在减缓气候变化和提供社会经济优势方面的综合能力,仍然存在重大的知识缺口。因此,本研究的主要目标是批判性地研究蓝碳栖息地提供的生态系统服务的经济意义,以及相关的障碍、治理机制和通过这些生态系统解决气候变化缓解问题所采用的保护方法。在地方、国家和全球范围内的减排和碳储量保护计划中,应优先考虑蓝碳生态系统养护、保护和恢复的整合。本文回顾了各种形式的治理,例如基于市场的工具、公共投资、伙伴关系倡议和基于社区的管理,这些都有可能在未来实现。在更广泛的背景下,保护热带海洋栖息地是一种生态必要性,值得承认是各国产生更多现金和减轻国家债务的潜在途径。这篇综述文章全面概述了关于严重退化的热带蓝碳生态系统的现有知识,旨在为利益相关者提供一个结构化的框架,以促进他们恢复这些生态系统的努力。
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引用次数: 3
Enhancing Municipal Solid Waste Management in Rapidly Urbanizing Areas: A Case Study of Rudrapur City, India 快速城市化地区加强城市固体废物管理:以印度鲁德拉普尔市为例
Pub Date : 2023-10-01 DOI: 10.56556/jescae.v2i4.616
None Sonu kaur, None Anjali Punera
Urban solid waste management is a crucial challenge, involving treatment, recycling, and energy conversion for environmental and public health protection. This research explores the management of municipal solid waste in the city of Rudrapur, located in the Himalayan foothills, in the midst of rapid urbanization and industrial development. Rudrapur is confronted with an increasing waste production as a consequence of its expanding population. The study examines waste distribution, evaluates current practices, and proposes effective waste management solutions for local governance. Using secondary data, interviews, and fieldwork, the study assesses waste generation, collection, transportation, processing, and disposal. The waste, comprising biodegradables, recyclables, and non-recyclables, presents challenges like inadequate equipment, unregulated dumping, and inefficiencies. Composite scores reveal disparities in waste management among city wards, uncovering infrastructure and practice gaps. Recommendations include source segregation, expanded composting, improved waste processing, and public awareness. Modern techniques like Geographic Information Systems (GIS) and remote sensing can enhance waste management strategies. The study underscores the urgency of addressing improper waste disposal's environmental and health impacts. By tackling deficiencies and embracing innovation, Rudrapur can transition to a sustainable solid waste management system, fostering a cleaner and healthier urban environment.
城市固体废物管理是一项至关重要的挑战,涉及处理、回收和能源转换,以保护环境和公众健康。本研究探讨了位于喜马拉雅山麓的鲁德拉普尔市在快速城市化和工业发展过程中的城市固体废物管理。由于人口不断增长,鲁德拉普面临着日益增加的废物生产。该研究考察了废物分布,评估了当前的做法,并为地方治理提出了有效的废物管理解决方案。利用二手数据、访谈和实地调查,本研究评估了废物的产生、收集、运输、处理和处置。这些垃圾包括可生物降解物、可回收物和不可回收物,它们面临着设备不足、倾倒不受监管和效率低下等挑战。综合得分揭示了各城市在废物管理方面的差异,揭示了基础设施和实践方面的差距。建议包括污染源隔离、扩大堆肥、改进废物处理和提高公众意识。地理信息系统(GIS)和遥感等现代技术可以加强废物管理战略。这项研究强调了解决不当废物处置对环境和健康影响的紧迫性。通过解决不足和拥抱创新,鲁德拉普可以过渡到可持续的固体废物管理系统,营造一个更清洁、更健康的城市环境。
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引用次数: 0
Review on the Stock Investment in Malaysia in Overcoming the Inflation of the Malaysian Economy 马来西亚股票投资在克服马来西亚经济通货膨胀中的作用
Pub Date : 2023-09-24 DOI: 10.56556/jescae.v2i3.609
Wee Win Yeoh
The purpose of the study is targeted to explore and investigate the potential performance of the stock investment in Malaysia in overcoming the inflation of the Malaysian economy. The primary goal of the investment is motivated to overcome the inflation rate to avoid losing the purchasing power. This leads to the problem statement for the study to investigate the performance of the KLSE market index growth against the inflation rate in Malaysia. The methodology of the research had focus in the application using past ten years of data including the range from 2013 to 2022 to compare the growth of the inflation against the KLSE market index. The findings had provided the sufficient evidence to showed that the inflation rate in average had exceed the KLSE market index growth reflecting that the investment in overall Malaysian stock is not favourable to overcome the increasing inflation in the country. In addition, the average Fixed Deposit (FD) rate in Malaysia had surpassed both the inflation rate and KLSE market index growth in average for the past ten years performance. The recommendation drawn from the study had proposed more solid management of the portfolio by not over diversifying the portfolio for the stock investment. The outcome for the study had provide the significant contribution and refenrece towards the academic and investors to gain future input.
本研究的目的是有针对性地探讨和调查在克服马来西亚经济的通货膨胀在马来西亚的股票投资的潜在表现。投资的主要目标是克服通货膨胀率,以避免失去购买力。这导致问题陈述的研究,以调查马来西亚的通货膨胀率对KLSE市场指数增长的表现。研究方法侧重于使用过去十年的数据,包括2013年至2022年的范围,将通货膨胀率的增长与KLSE市场指数进行比较。调查结果提供了足够的证据表明,平均通货膨胀率超过了KLSE市场指数的增长,反映了对马来西亚整体股票的投资不利于克服该国日益增长的通货膨胀。此外,马来西亚的平均定期存款(FD)利率在过去十年的表现中超过了通货膨胀率和KLSE市场指数的平均增长率。从该研究中得出的建议是,不要过度分散股票投资组合,从而对投资组合进行更稳健的管理。研究结果为学术界和投资者获得未来的投入提供了重要的贡献和参考。
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引用次数: 0
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Journal of Environmental Science and Economics
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