Drivers and barriers to a green economy. A review of selected balkan countries

Licastro, Antonio; Sergi, Bruno S.

doi:10.1016/j.clet.2021.100228

Cited by 33 publications

(26 citation statements)

References 92 publications

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“…Despite the advantages of the green economy model encounters, it has some significant limitations (Mealy & Teytelboym, 2020) and its implementation differs a lot in different countries and regions of the world (Licastro & Sergi, 2021). As noted by D' Amato and Korhonen (2021), the main actions that need to be implemented to establish a green economy include the assessment of ecosystem services, restoration and maintenance of ecosystems, development of nature-based solutions and green infrastructures.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Smart territories as a driver for the transition to sustainable regional development and green economy

Nikitaeva¹,

Chernova²,

Molapisi³

2022

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Relevance. Even though there is a general agreement regarding the importance of the transition to a green economy, this process still has a long way to go, which makes the research on the role of smart territories particularly relevant. Research objective. The study aims to describe the opportunities and areas of digital transformation of territories with a focus on the transition to a green economy. Data and methods. The research methods include content analysis, case study, mapping, and matrix analysis. The data sources were scientific articles presented in the Scopus database, materials from the Ministry of Finance and Economic Development, the Ministry of Mineral Resources, Green Technologies, and Energy Security, materials from the Central Bureau of Statistics of Botswana, the Botswana Energy Company. Results. Using the case of Botswana, the study showed that the establishment of a smart territory is the core mechanism of a transition to a green economy. Smart territories help regional governments to reach the sustainable development goals by using cutting-edge digital technologies. Conclusions. The article proposes a new approach to analyzing the transition to a green economy. This approach can also be applied to reconsider the composition and roles of the drivers of territorial development. The proposed methodology can be used to create a smart contour for the development of a given territory, taking into account the region’s industrial specialization, and to identify the most promising areas and "bottlenecks".

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Section: Theoretical Frameworkmentioning

confidence: 99%

Smart territories as a driver for the transition to sustainable regional development and green economy

Nikitaeva¹,

Chernova²,

Molapisi³

2022

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“…Meanwhile, most of the Asian countries' initiatives in the incorporation of GE practices are lagging behind the developed countries (Shao et al, 2021). Reasons like weak governance, brain drain, lack of technical knowledge on how to move forward, unemployment, and rampant corruption hinder the GE progress in several countries (Licastro and Sergi, 2021). A study by emphasizes that there is a positive correlation between GE practices and the environmental performance of the industries.…”

Section: Open Access Edited Bymentioning

confidence: 99%

“…Since both reforms need a drastic change, developing countries are faced with many challenges. A study by Licastro and Sergi (2021) found some Balkan countries, such as Slovenia, Croatia, Serbia, Bosnia, and Herzegovina, those lack sufficient motivation, adequate policies, and awareness among their populations and companies to transition to GE. Furthermore, because of the unsatisfactory level of potential profitability and efficient intervention, the industrial community of developing countries is reluctant to adopt GE practices.…”

Section: Green Economy In Developing Countriesmentioning

confidence: 99%

“…Products developed through GE are well received in the domestic market Licastro and Sergi (2021) Technical and research and development (R&D) (C2)…”

Section: Dimension Critical Factor Description Referencesmentioning

confidence: 99%

“…There is no framework for measuring the industries' performance in terms of GE Licastro and Sergi (2021) Policy and regulation (C3) Regulatory push (C31) Government has not enforced the GE act strictly (He et al, 2019;Bilgaev et al, Products developed through GE practices must be given trademark certification Liu and Dong (2021) Green action plan (C53) Separate action plan has to be formulated to promote GE practices (He et al, 2019;Barua and Aziz, 2022) Frontiers in Environmental Science frontiersin.org…”

Section: Impact Evaluation (C22)mentioning

confidence: 99%

See 2 more Smart Citations

Causality analytics among key factors for green economy practices: Implications for sustainable development goals

Karuppiah

Sankaranarayanan

Ali

et al. 2022

Front. Environ. Sci.

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The green economy (GE) concept is believed to have the ability to turn natural resources into wealth in a sustainable manner. As a result, the GE concept is viewed as a magic key to the attainment of sustainable development goals (SDGs). This study aims to identify and evaluate the critical factors in GE practices. Based on literature review and industrial interaction, five dimensions of critical factors, namely, economic and market, technical and R&D, policy and regulation, networks and social capital, and public perceptions, with a total of 20 critical factors were identified and evaluated. The Fermatean fuzzy system (FFS)-based decision-making trial and evaluation laboratory (DEMATEL) technique has been used to evaluate the causality among the critical factors. Results reveal that win-win anticipations, the commitment of key stakeholders, the domestic market structure, cost of alternatives, and financial assistance are the top five critical factors in GE practices. Three critical factors are classified under the cause category, and the remaining 17 critical factors come under the effect category. This study contributes to the literature on GE by revealing the causal interrelationship among the critical factors. This will guide industrial management to take appropriate actions in the implementation of GE practices.

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Toward a green economy: The nexus between economic and environmental factors in MENA countries, ARDL bounds approach

Idris

Seraj

Özdeşer

2023

Environmental Quality Mgmt

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With the transition of the global economy toward a green economy, it is important to analyze the elements that can either support or impede this transformation. Therefore, in this study, we aimed to evaluate the potential of the green economy in the Middle East and North Africa (MENA) countries by analyzing the correlation between economic and environmental factors. The objective of this study is to explore the potential of the green economy in MENA countries by analyzing key factors such as access to clean fuel, GDP, and CO 2 emissions. The study aims to distinguish between long-and short-term effects, assess the presence of a long-run relationship or cointegration between the parameter estimates, and evaluate the progress of MENA countries toward a green economy based on the impact of economic, and environmental factors. Using quarterly and seasonally adjusted data from 2000 to 2018, the auto-regressive distributed lag (ARDL) technique was employed to examine the co-integration of the factors in the long and short terms. Multiple cointegration techniques were also used to determine the feasibility of a green economy by analyzing the relationship between access to clean fuel for technology and cooking, GDP, and CO 2 emissions. The study's findings indicate a clear long-and short-term relationship between the analyzed factors, as confirmed by the error correction model (ECM) which suggests that the variables are cointegrated and potentially relevant. Additionally, the result of the autoregressive distributed lag bound test shows that the green economy variables, GDP, CO 2 emissions, and access to clean fuel, are cointegrated in the long-term.

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Drivers and barriers to a green economy. A review of selected balkan countries

Cited by 33 publications

References 92 publications

Smart territories as a driver for the transition to sustainable regional development and green economy

Smart territories as a driver for the transition to sustainable regional development and green economy

Causality analytics among key factors for green economy practices: Implications for sustainable development goals

Toward a green economy: The nexus between economic and environmental factors in MENA countries, ARDL bounds approach

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