Analysis of tourism and sustainable development in <scp>MENA</scp> economies

Osinubi, Tolulope Temilola; Ajide, Folorunsho M.; Osinubi, Olufemi B.

doi:10.1002/bsd2.245

Cited by 5 publications

(5 citation statements)

References 65 publications

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“…However, a weak AML system may aggravate capital flight and make the financial system of the economy more vulnerable (Bartlett, 2002;Kumar, 2012). This study uses the extended standard growth model, following the extant literature (Koirala & Pradhan, 2019;Osinubi et al, 2022;Osinubi et al, 2023). The model is a form of output-input relationship with a basis from Solow growth model expressing output as a function of inputs.…”

Section: Empirical Framework and Model Specificationmentioning

confidence: 99%

“…This represents a composite index of three indicators for proper capturing of economic, environmental and social sustainability as used by existing studies (Ajide et al, 2023;Destek & Aydın, 2022;Hirai, 2022;Osinubi et al, 2023). The AML data is obtained from the Basel AML database of the Basel Institute on Governance.…”

Section: Measurement Of Variables and Data Sourcesmentioning

confidence: 99%

“…ML activities provide the platform through which illicit activities are supported and financed with possible adverse effects on sustainable development (Sarigul, 2013). Sustainable development involves meeting present development agenda without sacrificing the ability to meet the need of future generations (Barua, 2020;Koirala & Pradhan, 2019;Osinubi et al, 2023).…”

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confidence: 99%

“…However, the cost and impact of ML extend beyond the financial sector and economic growth. Sustainable development is broad compared to economic growth, and captures economic, social and environmental sustainability (Ajide et al, 2023;Destek & Aydın, 2022;Koirala & Pradhan, 2019;Osinubi et al, 2023).…”

mentioning

confidence: 99%

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Benefit or burden? An exploratory analysis of the impact of anti‐money laundering regulations on sustainable development in developing economies

Ajide,

Ojeyinka

2023

Sustainable Development

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Over the years, efforts have been put in place to address money laundering activities including financial crime and illicit funding controls. These efforts have been recognized to promote financial integrity and effective governance systems. They have been further adjudged by the United Nations' sustainable development (Goal‐16) with a major concern to achieve peaceful, just and inclusive development. Previous studies reveal that money laundering activities have major implications for economic growth. However, little is known about the main implications of anti‐money laundering (AML) regulations on sustainable development. On this note, this study contributes to the ongoing debate by investigating the relationship between AML regulations and sustainable development in 72 developing economies, consisting 29 upper middle income, 33 low middle income and 10 low income countries. Using instrumental variable generalized method of moment (IV‐GMM), panel quantile estimation technique and dynamic panel threshold analysis, the findings are as follows. First, AML regulations promote sustainable development. Second, the panel quantile regression reveals that countries with moderate AML regulations attain higher sustainable development than those with excessive regulations. Further results on regional analysis show that AML regulations are more effective in Latin America, South Asia, Europe & Central Asia and Middle East & North Africa than in Sub‐Saharan Africa and East Asia & Pacific. These results are robust and stable after conducting a number of robustness analyses. The study suggests that effective AML regulations should be moderate and well‐implemented to further improve economic, social and environmental sustainability in developing countries.

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Section: Empirical Framework and Model Specificationmentioning

confidence: 99%

Section: Measurement Of Variables and Data Sourcesmentioning

confidence: 99%

mentioning

confidence: 99%

mentioning

confidence: 99%

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Benefit or burden? An exploratory analysis of the impact of anti‐money laundering regulations on sustainable development in developing economies

Ajide,

Ojeyinka

2023

Sustainable Development

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“…This conceptualization is for the services sector, such as hospitality, which necessitates micro influences in terms of its resource‐based view that then gives a strategic gain on a macro level. The involvement of employees in pro‐environmental behavior benefits the organizational sustainability directly and preserves the natural environment indirectly (Massoudi et al, 2020; Osinubi et al, 2023; Ying et al, 2020).…”

Section: Literature Review‐hypotheses Developmentmentioning

confidence: 99%

Fostering sustainable tourism in Pakistan: Exploring the influence of environmental leadership on employees' green behavior

Ashraf,

Ali,

Khan

et al. 2023

Bus Strat Dev

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This study addresses a critical gap in the theory by exploring the impact of Environmentally Specific Servant Leadership (ESSL) on Employees' Voluntary Green Behavior (EVGB) within the dynamic framework of Pakistan's tourism industry. It also advances understanding by investigating the pivotal mediating roles of Psychological Green Climate (PGC) and Green Commitment (GC) in the relationship between ESSL and EVGB. Drawing upon the principles of Self‐Determination Theory (SDT) and Social Identity theory (SIT) we designed the research framework and collected data from employees working in various firms in Pakistan's tourism sector. We employed a multistage (phase I‐convenience; phase II purposive) sampling technique to gather data from 492 employees representing various small and medium‐sized Hotels, Restaurants, and Catering firms within the hospitality and tourism sector. The collected data underwent validation and analysis using Confirmatory Factor Analysis (CFA) in SPSS AMOS and was further examined through the Andrew Hayes Process Macro model 4. The findings reveal a significant role of ESSL in fostering EVGB. Furthermore, our findings highlighted the significant mediating roles of PGC and GC in the relationship between ESSL‐EVGB. These findings underscore the potential effectiveness of promoting environmental sustainability as a means to encourage environmentally responsible behavior among individuals working in the tourism sector. The implications of our findings are particularly noteworthy for the tourism and hospitality sector. Companies in such industry can leverage ESSL as a valuable tool for inspiring green behavior in their staff, emphasizing both environmental responsibility and service to others as key drivers of environmentally friendly actions.

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Female economic participation and sustainable development in African countries: The moderating role of governance

Osinubi,

Simatele

2024

Sustainable Development

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This study examines the impact of female economic participation on sustainable development and the moderating role of governance in African countries using data between 2002 and 2022. Despite the significant contributions of women to the economy, they remain underrepresented in economic governance. The study employs the two‐step dynamic system GMM approaches with fixed effects and Driscoll–Kraay standard errors, and to address potential endogeneity. The findings reveal that while female economic participation positively affects sustainable development, poor governance weakens this relationship, suggesting a substitutive rather than complementary role of governance. The study establishes a governance threshold of 2.667, on a scale of 0–5, above which female economic participation significantly enhances sustainable development. Subregional analyses indicate varying impacts, with governance complementing female economic involvement in Central and Southern Africa but acting as a substitute in East, North, and West Africa. These insights underscore the need for enhanced governance and targeted policies to empower women and promote sustainable development across the African continent and the need for incorporating context.

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Analysis of tourism and sustainable development in MENA economies

Cited by 5 publications

References 65 publications

Benefit or burden? An exploratory analysis of the impact of anti‐money laundering regulations on sustainable development in developing economies

Benefit or burden? An exploratory analysis of the impact of anti‐money laundering regulations on sustainable development in developing economies

Fostering sustainable tourism in Pakistan: Exploring the influence of environmental leadership on employees' green behavior

Female economic participation and sustainable development in African countries: The moderating role of governance

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