Designing policy framework for sustainable development in Next-5 largest economies amidst energy consumption and key macroeconomic indicators

Scrutinizing the nexus between green innovations and the sustainability of environmental system: novel insights from European database

A study is presented in this paper that examines the effect of environmental innovation (EI) on environmental performance (EP). Six measures are used to reflect environmental innovation, including the percentage of enterprises that invest in environmental innovation, the percentage of enterprises implementing environmental innovation activities, the number of ISO 14001 certificates, patents related to environmental innovation, the total R&D personnel and researchers, and the amount of green early-stage investments. The estimation results show that EI positively impacts EP in 21 European countries using different econometric techniques during the 2011-2019 period. By using various econometric techniques (namely a panel-corrected standard errors (PCSE) model, a feasible generalized least square estimates (FGLS) model, and the two-step general method of moment (the two-step GMM), our research demonstrates how environmental innovation impacts on environmental quality. The short- and long-term effects of autoregressive distributed lag (ARDL) methods were also investigated using pooled mean groups (PMGs) to distinguish the short-run and long-run influences of EI. The relationship between EI and EP is explored by demonstrating how EI affects EP short- and long-term and comparing its influence on EP across many component measures of EI: air quality, sanitation, drinking water, heavy metals, waste management, biodiversity, habitat, ecosystem services, water resources, and agriculture. Notably, we find that the influences of EI become more pronounced in a country characterized by a well-developed institutional system. Our findings suggest policy implications to help countries invest in research and development with concerns about environmental damage mitigations more effectively. These findings are critical to suggest a way to help countries pursue ecological sustainability.

The impact of environmental cleanliness and cultural factors on child health in Africa

Africa is a region with abundant natural resources, but the child mortality rate is higher. Despite World Health Organization (WHO) support, the region remained the highest with the number of child mortality rate. Given this fact, this study examines the role of environmental degradation, clean water source, and sanitation facilities on child mortality and life expectancy/longevity in Africa. To achieve this objective, we employ pooled regression and system generalized method of moment (S-GMM) on 33 African countries between 2000 and 2014. We found that environmental degradation is positively related to child mortality and life expectancy or longevity. However, clean water sources and sanitation facilities help to reduce the child mortality rate and help to improve life expectancy. Also, we found cultural norms improve child mortality and life expectancy. Our results imply that African countries are benefitting from cultural values, clean water sources, and sanitation facilities.

Dynamic common correlated effects of pandemic uncertainty on environmental quality: fresh insights from East-Asia and Pacific countries

It is well known that pandemic-related uncertainty affects various macroeconomic indicators, including environmental quality. Due to pandemic outbreaks, the reduction in economic activities affects the environmental quality in many economies. The study explores the impact of pandemic uncertainty on environmental quality in East-Asia and Pacific countries. Most past research use only CO₂ emissions, which is an inappropriate measurement of environmental quality. Besides CO₂ emissions, we have utilized other pollutants like N₂O and CH₄ emissions along with ecological footprint. The traditional econometric approaches ignore cross-sectional dependence and heterogeneity and give biased outcomes. Hence, we have employed a new method, “Dynamic Common Correlated Effects (DCCE),” which can excellently deal with the problems mentioned above. The short-run and long-run DCCE estimations show a negative and significant influence of pandemic uncertainty on ecological footprint, CO₂ and CH₄ emissions in whole and lower-income group of East-Asia and Pacific region. Moreover, pandemic uncertainty has a negative relationship with all indicators of environmental quality in higher-income economies. The study provides a unique opportunity to examine how pandemic uncertainty through anthropogenic activities affects environmental quality and serves as a significant resource for policymakers in planning and estimating the effectiveness of environmental quality measures. It is necessary to carry out sustainable environmental policies in East-Asia and Pacific region according to the vulnerabilities and resilience to global pandemic uncertainty.

The impact of semi-urbanization on carbon emissions: a spatial econometric perspective

Whether semi-urbanization can effectively help reduce carbon emissions has become increasingly attractive to scholars and policymakers. To the knowledge of the authors, there are no empirical studies that were conducted to explore the impact of semi-urbanization on carbon emissions from a spatial perspective. By employing panel data for the years between 2000 and 2014 of 30 Chinese provinces, this paper examines the relationship between semi-urbanization and carbon emissions by using a spatial regression method. Also, the spatial transmission mechanisms between semi-urbanization and carbon emissions are analyzed. Empirical results indicate a positive spatial spillover effect on carbon emissions across various regions. Simultaneously, we find that semi-urbanization not only facilitates emission reduction in a particular region, but also significantly reduces the carbon emissions in surrounding regions, ultimately implying a significant and negative total effect. Moreover, semi-urbanization has decreased carbon emissions, that is, for every 1% increase in semi-urbanization, the carbon emissions will decrease by 0.803%. Furthermore, semi-urbanization, industrial structure, technological progress, human capital, and energy consumption show spillover impacts on carbon emissions, yet their impact mechanisms vary substantially across various regions. Based on these findings, we suggest several related policy implications for mitigating carbon emissions and promoting semi-urbanization in China.

Economic Development, Fiscal Ecological Compensation, and Ecological Environment Quality

Focusing on the exploration of the important role of fiscal ecological compensation in green development, this paper incorporates fiscal ecological compensation into the analytical framework of green development. Based on samples of data from county areas in China in 2017 and 2018, this paper empirically examines the shape of the green development routes in county areas in China. On this basis, this paper explores the impact and mechanism of fiscal ecological compensation on the green development path in China. The empirical results show that there is a nonlinear, N-shaped relationship between economic development and the ecological environment in China within the range of the sample examined. Fiscal ecological compensation has a direct governance effect on the ecological environment of deterring ecological damage and providing financial compensation. Fiscal ecological compensation has an indirect impact on the ecological management of different regions by influencing economic development. Therefore, while focusing on transforming the economic development model, local governments should adopt policy instruments such as expanding the coverage of financial ecological compensation, deepening the design of the financial ecological compensation system, and systematically evaluating the effects of financial ecological compensation policies. The government should further improve and optimize the fiscal eco-compensation system in order to help China’s green and high-quality development.

Travel-Business Stagnation and SME Business Turbulence in the Tourism Sector in the Era of the COVID-19 Pandemic

The COVID-19 pandemic, apart from having an impact on public health, has also caused the stagnation of travel-bureau businesses and the management of small and medium enterprises (SMEs) in the tourism sector. This study aims to analyze the COVID-19 pandemic as a determinant of travel-business stagnation and turbulence in small and medium enterprises (SMEs), the influence of human resources, business development, and product marketing on the productivity of the travel and SME business, the direct and indirect effects of business innovation, economic digitization, and the use of technology on business stability and economic-business sustainability. This study uses an explanatory sequential qualitative–quantitative approach. Data were obtained through observation, in-depth interviews, surveys, and documentation. This study is focused on assessing the efforts made by travel-agency-business actors and SMEs in responding and adapting to changes in the business environment, both internally and externally. Human resources, business development, and product marketing together affect the productivity of travel agents and SMEs with a coefficient of determination of 95.84%. Furthermore, business innovation, economic digitization, and the use of technology simultaneously affect business stability with a coefficient of determination of 63.8%, and business stability affects the sustainability of travel and SMEs with a coefficient of determination of 67.6%. This study recommends a strategy for travel-agency-business sustainability and the stability of SMEs’ economic-business management towards increasing economic growth in the North Toraja Regency, South Sulawesi, Indonesia.