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Işık C, Simionescu M, Ongan S, Radulescu M, Yousaf Z, Rehman A, Alvarado R, Ahmad M. Renewable energy, economic freedom and economic policy uncertainty: New evidence from a dynamic panel threshold analysis for the G-7 and BRIC countries. STOCHASTIC ENVIRONMENTAL RESEARCH AND RISK ASSESSMENT : RESEARCH JOURNAL 2023; 37:1-16. [PMID: 37362842 PMCID: PMC10174606 DOI: 10.1007/s00477-023-02452-x] [Citation(s) in RCA: 14] [Impact Index Per Article: 7.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Accepted: 04/18/2023] [Indexed: 06/13/2023]
Abstract
This study aims to demonstrate the impact of renewable energy consumption (REC) on environmental degradation using the EKC hypothesis testing for the BRIC and G-7 countries. Two EKC models were created and tested, with Model 2 including REC and other independent variables such as economic freedom (EF) and economic policy uncertainty (EPU), which affect the level of renewable energy consumption and CO2 emissions. Empirical findings indicate that the EKC hypothesis is verified faster in the REC-EF-EPU-based EKC model (Model 2) than in the EF-EPU-based EKC model (Model 1) for G-7 countries since the turning point takes place earlier in Model 2 than in Model 1 with REC. This suggests that renewable energy consumption accelerates the reduction of CO2 emissions. Moreover, this earlier turning point results in lower environmental cleaning costs, less time vesting, and saving resources and money for G-7 countries. However, the study found no evidence supporting the EKC hypothesis for the BRIC countries.
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Affiliation(s)
- Cem Işık
- Faculty of Tourism, Anadolu University, Eskişehir, Turkey
| | - Mihaela Simionescu
- University of Bucharest, Faculty of Business Administration, Bucharest, Romania
- Institute of Economic Forecasting, Bucharest, Romania
| | - Serdar Ongan
- Department of Economics, University of South Florida, Tampa, USA
| | - Magdalena Radulescu
- University of Pitesti, Department of Finance, Accounting and Economics, Pitesti, Romania
- Institute of Doctoral and Post-Doctoral Studies, University Lucian Blaga of Sibiu, Sibiu, Romania
| | - Zahid Yousaf
- Government College of Management Sciences, N-35, Khyber Pakhtunkhwa, Mansehra, Pakistan
| | - Abdul Rehman
- College of Economics and Management, Henan Agricultural University, Zhengzhou, 450002 China
| | - Rafael Alvarado
- Esai Business School, Universidad Espiritu Santo, Samborondon, 091650 Ecuador
| | - Munir Ahmad
- College of International Economics & Trade, Ningbo University of Finance and Economics, Ningbo, 315175 Zhejiang China
- “Belt and Road” Bulk Commodity Research Center, Ningbo University of Finance and Economics, Ningbo, 315175 Zhejiang China
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2
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Makhdoom ZH, Gao Y, Song X, Khoso WM, Baloch ZA. Linking environmental corporate social responsibility to firm performance: The role of partnership restructure. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:48323-48338. [PMID: 36757592 PMCID: PMC9909673 DOI: 10.1007/s11356-023-25776-1] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 11/15/2022] [Accepted: 02/02/2023] [Indexed: 06/18/2023]
Abstract
In this study, we integrate the signal institutional theory and stakeholder theory to examine partnership restructure as a critical mechanism linking environmental corporate social responsibility (ECSR) to corporate financial performance. Keeping in line with most prior studies, we first argue that a positive relationship exists between ECSR and firm performance. Then we propose that partnership restructure mediates the nexus between ECSR and firm performance because ECSR may motivate firms to change their partners in the better interests of the firms. In addition, we propose that the firms' industry power will exaggerate while dysfunctional competition will weaken the positive nexus between ECSR and partnership restructure. Evidence based on a survey covering 206 manufacturing firms in China offers good support for our predictions. This last section offers research contributions and implications for the managers based on the findings.
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Affiliation(s)
| | - Yongqiang Gao
- School of Management, Huazhong University of Science and Technology, Wuhan, China
| | - Xi Song
- School of Management, Lanzhou University, Lanzhou, China
| | - Wali Muhammad Khoso
- College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, China
| | - Zulfiqar Ali Baloch
- College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, China
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3
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Epané JP, Zengul F, Ramamonjiarivelo Z, McRoy L, Weech-Maldonado R. Resources availability and COVID-19 mortality among US counties. Front Public Health 2023; 11:1098571. [PMID: 36935689 PMCID: PMC10015635 DOI: 10.3389/fpubh.2023.1098571] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/18/2022] [Accepted: 02/07/2023] [Indexed: 03/05/2023] Open
Abstract
The COVID-19 was declared a pandemic by WHO on 03/2020 has claimed millions of lives worldwide. The US leads all countries in COVID-19-related deaths. Individual level (preexisting conditions and demographics) and county-level (availability of resources) factors have been attributed to increased risk of COVID-19-related deaths. This study builds on previous studies to assess the relationship between county-level resources and COVID-19 mortality among 2,438 US counties. We merged 2019 data from AHA, AHRF, and USA FACTS. The dependent variable was the total number of COVID-19-related deaths. Independent variables included county-level resources: (1) hospital staffing levels (FTE RNs, hospitalists, and intensivists) per 10,000 population; (2) hospital capacity (occupancy rate, proportion of teaching hospitals, and number of airborne infection control rooms per 10,000 population); and (3) macroeconomic resources [per capita income and location (urban/rural)]. We controlled for population 65+, racial/ethnic minority, and COVID-19 deaths per 1,000 population. A negative binomial regression was used. Hospital staffing per 10,000 population {FTE RN [IRR = 0.997; CI (0.995-0.999)], FTE hospitalists [IRR = 0.936; CI (0.897-0.978)], and FTE intensivists [IRR = 0.606; CI (0.516-0.712)]} was associated with lower COVID-19-related deaths. Hospital occupancy rate, proportion of teaching hospitals, and total number of airborne infection control rooms per 10,000 population were positively associated with COVID-19-related deaths. Per capita income and being in an urban county were positively associated with COVID-19-related deaths. Finally, the proportion of 65+, racial/ethnic minorities, and the number of cases were positively associated with COVID-19-related deaths. Our findings suggest that focusing on maintaining adequate hospital staffing could improve COVID-19 mortality.
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Affiliation(s)
- Josué Patien Epané
- Department of Healthcare Administration, School of Public Health, Loma Linda University, Loma Linda, CA, United States
| | - Ferhat Zengul
- Department of Health Services Administration, School of Health Professions, University of Alabama at Birmingham, Birmingham, AL, United States
| | - Zo Ramamonjiarivelo
- School of Health Administration, College of Health Professions, Texas State University, San Marcos, TX, United States
| | - Luceta McRoy
- College of Business, Lander University, Greenwood, SC, United States
| | - Robert Weech-Maldonado
- Department of Health Services Administration, School of Health Professions, University of Alabama at Birmingham, Birmingham, AL, United States
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4
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Ali S, Yan Q, Dilanchiev A, Irfan M, Fahad S. Modeling the economic viability and performance of solar home systems: a roadmap towards clean energy for environmental sustainability. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:30612-30631. [PMID: 36441331 PMCID: PMC9707279 DOI: 10.1007/s11356-022-24387-6] [Citation(s) in RCA: 14] [Impact Index Per Article: 7.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 09/07/2022] [Accepted: 11/20/2022] [Indexed: 04/16/2023]
Abstract
Energy is a necessary source of economic development and social prosperity, linked with primary production and consumption activities worldwide. In this regard, solar home systems (SHSs) are beneficial in two ways, i.e., saving vitality overheads and meeting the energy demand of small enterprises. The current study aims to evaluate the performance of adopting SHS to develop the small-scale industry in Pakistan. An inclusive questionnaire survey was conducted, and respondents were selected using the purposive sampling method. As a step further, we scrutinize the moderating role of awareness and understanding of technology between the node of adopting SHS and the monetary enactment of small-scale industry. We authenticate the model using a sample of 357 respondents by applying the partial least square structural equation modeling (PLS-SEM) technique. The results indicate that low-cost energy through SHSs has a progressive and substantial linkage with the demonstration of small-scale industry and enhances the quality of energy supply in Pakistan. Similarly, awareness and understanding of SHS significantly moderate the relationships between enhanced energy supply through SHS, the quality of SHS, and the performance of the small-scale industry. These findings provide a valuable guideline to the regulation developing authorities that more attention is needed to focus on SHS to further improve the performance of small-scale industry.
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Affiliation(s)
- Shahid Ali
- School of Economics and Management, North China Electric Power University, Beijing, 102206, China
| | - Qingyou Yan
- School of Economics and Management, North China Electric Power University, Beijing, 102206, China
- Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing, 102206, China
| | | | - Muhammad Irfan
- School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China.
- Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, 100081, China.
- School of Business Administration, ILMA University, Karachi, 75190, Pakistan.
| | - Shah Fahad
- School of Economics and Management, Leshan Normal University, Leshan, 614000, China
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5
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Zhan L, Guo P, Pan G. The effect of mandatory environmental regulation on green development efficiency: evidence from China. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:9782-9792. [PMID: 36063272 PMCID: PMC9442595 DOI: 10.1007/s11356-022-22815-1] [Citation(s) in RCA: 7] [Impact Index Per Article: 3.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/20/2022] [Accepted: 08/27/2022] [Indexed: 05/22/2023]
Abstract
The existing literature finds that mandatory environmental regulation (MER) can significantly reduce environmental pollution. However, much less is known about how the implementation of MER affects green development efficiency (GDE). Based on the Air Pollution Control Action Plan which was enforced in 2013 in China's most developed regions as an exogenous shock, we find that first, MER has a significant negative effect on the improvement of GDE by reducing regional scale efficiency. Second, MER mainly reduces the GDE of cities with stronger regulation intensities and with larger economic volumes. Third, MER also has a negative impact on regional green total factor productivity by changing technical progress. We suggest that when implementing MER, governments should enhance regional and global cooperation, promote green technology, and use comprehensive policy tools to stimulate firms' green innovation.
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Affiliation(s)
- Lei Zhan
- School of Economics and Trade, Hunan University, Changsha, 410006 Hunan China
- School of Finance, Hunan University of Technology and Business, Changsha, 410205 Hunan China
| | - Ping Guo
- School of Economics and Trade, Hunan University, Changsha, 410006 Hunan China
| | - Guoqin Pan
- School of Economics, Nankai University, Tianjin, 300071 China
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6
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Du L, Razzaq A, Waqas M. The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:1540-1561. [PMID: 35917071 PMCID: PMC9344445 DOI: 10.1007/s11356-022-22221-7] [Citation(s) in RCA: 47] [Impact Index Per Article: 23.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/04/2022] [Accepted: 07/21/2022] [Indexed: 05/04/2023]
Abstract
Small- and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.
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Affiliation(s)
- Lijie Du
- Sichuan Tourism University, Chengdu, China
- Faculty of Business, City University of Macau, Macau, China
| | - Asif Razzaq
- School of Economics and Management, Dalian University of Technology, Dalian, 116000 People’s Republic of China
| | - Muhammad Waqas
- Schools of Economics, Bahauddin Zakariya University, Multan, Pakistan
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7
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Pu S, Ali Turi J, Bo W, Zheng C, Tang D, Iqbal W. Sustainable impact of COVID-19 on education projects: aspects of naturalism. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:69555-69572. [PMID: 35567688 PMCID: PMC9107217 DOI: 10.1007/s11356-022-20387-8] [Citation(s) in RCA: 2] [Impact Index Per Article: 0.7] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/09/2021] [Accepted: 04/18/2022] [Indexed: 05/06/2023]
Abstract
History records show that pandemics and threats have always given new directions to the thinking, working, and learning styles. This article attempts to thoroughly document the positive core of coronavirus 2019 (COVID-19) and its impact on global social psychology, ecological stability, and development. Structural equation modeling (SEM) is used to test the hypotheses and comprehend the objectives of the study. The findings of the study reveals that the path coefficients for the variables health consciousness, naturalism, financial impact and self-development, sustainability, compassion, gregariousness, sympathy, and cooperation demonstrate that the factors have a positive and significant effect on COVID-19 prevention. Moreover, the content analysis was conducted on recently published reports, blog content, newspapers, and social media. The pieces of evidence from history have been cited to justify the perspective. Furthermore, to appraise the opinions of professionals of different walks of life, an online survey was conducted, and results were discussed with expert medical professionals. Outcomes establish that the pandemics give birth to creativity, instigate innovations, prompt inventions, establish human ties, and foster altruistic elements of compassion and emotionalism.
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Affiliation(s)
- Song Pu
- Guiyang Preschool Education College, Guiyang, China
| | - Jamshid Ali Turi
- Bahria Business School, Bahria University, Islamabad Campus, Islamabad, Pakistan
| | - Wang Bo
- University of Malaya, Kuala Lumpur, 50603 Malaysia
- Guiyang Preschool Education Normal College, Gui Yang, China
| | - Chen Zheng
- Weinan Vocational & Technical College, Shaanxi, China
| | - Dandan Tang
- University of Malaya, Kuala Lumpur, 50603 Malaysia
| | - Wasim Iqbal
- Department of Management Science, College of Management, Shenzhen University, Shenzhen, China
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8
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Yan R, Cao F, Gao K. Determining the COVID-19 effects on spillover between oil market and stock exchange: a global perspective analysis. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:66109-66124. [PMID: 35501434 PMCID: PMC9059909 DOI: 10.1007/s11356-022-19607-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 01/09/2022] [Accepted: 03/03/2022] [Indexed: 06/14/2023]
Abstract
This paper investigates volatility spillovers between the global crude oil market and the stock markets of the global oil stock markets (Russian, Canada, China, Kuwait, and the USA) pre and after the COVID-19 pandemic. We use wavelet Granger causality methods to study the volatility spillovers between global oil stock markets, mainly from January 1, 2019, to March 31, 2021. Our Results (1) shows that WTI and Brent oil prices had a negative mean return before COVID-19 but a positive mean return during the pandemic spread. Other Results (2) find the positive, significantly lowest, and highest frequency during the COVID-19 outbreak for all selected countries. The results also show that the link between oil WTI & Brent prices and stock markets return in the lowest (33-66 days) and highest frequency range (4-16) before the Covid-19 epidemic, especially in the first quarter of 2020. Before the COVID-19 period, the Russian oil stock market is seriously prejudiced with oil prices on a modest scale, but not after the pandemic's start. This study also perceives direction opposite between the COVID-19 period. The Canadian and United States America oil and stock markets influence the lowest scale in the previous COVID-19 sample for the U.S. market. Moreover, this paper exposed that oil marketing highest oil futures in their portfolios than stock shares for all times. We found that oil price shocks had a more significant impact on the stock markets of the United States and Canada than on the stock markets of other countries.
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Affiliation(s)
- Ran Yan
- School of public finance and tax, Central University of Finance and Economics, Beijing, 100081 China
- Fanli business school, Nanyang Institute of Technology, Nanyang, 473004 China
| | - Fuguo Cao
- School of public finance and tax, Central University of Finance and Economics, Beijing, 100081 China
| | - Ke Gao
- School of Economics, Peking University, Beijing, 100871 China
- Development Research Center of Shandong Provincial People’s Government, Jinan, 250011 China
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Ongan S, Işık C, Bulut U, Karakaya S, Alvarado R, Irfan M, Ahmad M, Rehman A, Hussain I. Retesting the EKC hypothesis through transmission of the ARMEY curve model: an alternative composite model approach with theory and policy implications for NAFTA countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:46587-46599. [PMID: 35169946 DOI: 10.1007/s11356-022-19106-0] [Citation(s) in RCA: 9] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 10/08/2021] [Accepted: 02/03/2022] [Indexed: 06/14/2023]
Abstract
We investigate the validity of the environmental Kuznets curve (EKC) hypothesis for the NAFTA countries. In this investigation, we approach this hypothesis from a different methodology and propose employing the ARMEY curve hypothesis since the mathematical-functional propositions of both hypotheses were constructed on the same inverted U-shaped relationships. Thus, for the first time, it can be interpreted that the EKC hypothesis is empirically tested through a transmission mechanism of the ARMEY curve hypothesis in a single composite model. Therefore, this approach makes our study different from all empirical studies in the relevant literature. We apply the Augmented Mean Group (AMG) estimator to this aim. Empirical findings indicate that the ARMEY curve hypothesis was verified only for the USA. However, this new approach proposed in this study cannot test the EKC hypothesis through the ARMEY curve model for any NAFTA country since this approach requires verification of the ARMEY curve hypothesis and a significant composite model for the same NAFTA country. If our composite model was significant, it might make it possible to numerically determine a maximum real GDP per capita level that would minimize or maximize CO2 emission levels for the USA. Therefore, this study introduces-proposes this new methodology as an alternative way of testing the EKC hypothesis in the relevant literature for future empirical studies.
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Affiliation(s)
- Serdar Ongan
- Department of Economics, University of South Florida, Tampa, FL, USA
| | - Cem Işık
- Faculty of Tourism, Anadolu University, Eskişehir, Turkey.
| | - Umit Bulut
- Faculty of Economics and Administrative Sciences, Kirsehir Ahi Evran University, Kırşehir, Turkey
| | - Sahir Karakaya
- Department of Economics, Galatasaray University, İstanbul, Turkey
| | - Rafael Alvarado
- Esai Business School, Universidad Espritu Santo, Samborondon, 091650, Ecuador
| | - Muhammad Irfan
- School of Management and Economics, Beijing Institute of Technology, Beijing, China
- Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, China
- Department of Business Administration, ILMA University, Karachi, 75190, Pakistan
| | - Munir Ahmad
- School of Economics, Zhejiang University, Hangzhou, 310058, China
| | - Abdul Rehman
- College of Economics and Management, Henan Agricultural University, Zhengzhou, 450002, China
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10
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Innovation Research in Tourism and Hospitality Field: A Bibliometric and Visualization Analysis. SUSTAINABILITY 2022. [DOI: 10.3390/su14137889] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/28/2022]
Abstract
New studies have constantly been emerging in the field of tourism. However, it is not clear to what extent which study contributes to the literature and tourism application areas. There are a few bibliometric studies that illustrate the intellectual structure of the tourism innovation field. Therefore, the purpose of this study is to determine the performance and intellectual structure of research studies conducted on innovation in the field of tourism. For this purpose, a bibliometric analysis of 387 research studies, which were published over the period 1975–2021 and cited in SCI-EXPANDED, SSCI, A&HCI indexes of WoS, is performed. Co-citation analysis indicates that innovation research studies in tourism can be categorized into three groups: (1) conceptualization and types of innovation in tourism, (2) review research on innovation in tourism, and (3) methodological studies. According to the co-word analysis, sharing economy, open innovation, sustainability, and technology are the most popular topics of recent times. A steady increase is observed in the number of citations to articles in the field of tourism innovation after 2008. The research study has crucial impacts in terms of guiding the researchers who would study in this field and providing the intellectual appearance of the field.
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Ameer W, Chau KY, Mumtaz N, Irfan M, Mumtaz A. Modeling COVID-19 Impact on Consumption and Mobility in Europe: A Legacy Toward Sustainable Business Performance. Front Psychol 2022; 13:862854. [PMID: 35712213 PMCID: PMC9195302 DOI: 10.3389/fpsyg.2022.862854] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/26/2022] [Accepted: 04/11/2022] [Indexed: 12/23/2022] Open
Abstract
This article has explored the impact of coronavirus disease 2019 (COVID-19)-induced decline in consumer durables and mobility on nitrogen dioxide (NO2) emission in Europe by providing empirical and graphical justifications based on consumer price index (CPI) and gross domestic product (GDP) deflator indexes. The empirical estimations show that carbon dioxide (CO2) and NOx emission along with other greenhouse gases drastically decreased in the wake of COVID-19-induced lockdowns and decrease in the demand of consumer goods in Europe. This means that COVID-19 improved environment in the European region. However, high cost (e.g., unemployment, loss of life, and social segregation) makes COVID-19 an unstable solution to environmental woes where positive impact of COVID-19 on environment achieved in short run cannot be guaranteed in the long run. Besides environment, COVID-19 drastically curtailed economic activities and exposed them to the risk of economic crisis particularly in case of Europe.
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Affiliation(s)
- Waqar Ameer
- Economics School of Shandong Technology and Business University, Yantai, China
| | - Ka Yin Chau
- Faculty of Business, City University of Macau, Macao, Macao SAR, China
| | - Nosheen Mumtaz
- School of Economics and Management, Anhui University of Science and Technology, Huainan, China
| | - Muhammad Irfan
- Faculty of Management Sciences, Department of Business Administration, ILMA University, Karachi, Pakistan
- *Correspondence: Muhammad Irfan ; orcid.org/0000-0003-1446-583X
| | - Ayesha Mumtaz
- School of Public Administration, Hangzhou Normal University, Hangzhou, China
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12
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Purchase Intention and Satisfaction of Online Shop Users in Developing Countries during the COVID-19 Pandemic. SUSTAINABILITY 2022. [DOI: 10.3390/su14106302] [Citation(s) in RCA: 6] [Impact Index Per Article: 2.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/21/2022]
Abstract
The aim of the research is to gain an understanding of consumer behavior in developing countries in the electronic environment. For this purpose, the four constructs of the PREVEINCOSA scale were analyzed: purchase intention as the dependent variable and trust, perceived value, and satisfaction as the determining variables of the former. For this purpose, by means of convenience sampling, an online questionnaire was shared with citizens in Mexico, Peru, and Colombia. A total of 330 questionnaires were collected from people who knew or had bought clothes in an online shop of the small company. Structural equation modeling (SEM) was used to validate the model and test the hypotheses. The results indicate that trust and satisfaction directly and positively influence value perception and online purchase intention and that value perception directly and positively influences online purchase intention of the small business consumer in Mexico, Peru, and Colombia. These results may be useful for the small fashion business sector in developing countries since it is observed that the online sales channel is not yet developed, which makes it necessary to develop strategies to reach customers in a more effective way. On the other hand, given the importance of this sector for the economy of developing countries, this study can be useful to governments who can establish public policies to provide training and technical assistance to benefit the development and competitiveness of this sector.
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