Abstract:Economic globalization (EG) accelerates very fast in Central Asia. This could cause environmental degradation, according to the environmental Kuznets curve (EKC) hypothesis. The study aims to determine how the EG of agriculture impacts environmental sustainability, and to test the EKC hypothesis on the agricultural sector in six Central Asian countries. Particularly, some main hypotheses were proposed using secondary data from Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan from 1994… Show more
“…Thus, the implication is that foreign borrowing prioritisation for factors that can promote environmental sustainability is lacking. This outcome supports findings by Akam et al (2021), Sadiq et al (2022), Batmunkh et al (2022) and Farooq et al (2023) for HIPCs, BRICS countries, Central Asia countries, and OIC countries, respectively, that debt stock deteriorates ecological sustainability. In contrast, the result opposed the findings in Sadiq et al (2022), Friday (2022), andZeraibi et al (2023) for BRICS countries, Turkey, and emerging economies, respectively.…”
Section: Discussion Of Findingssupporting
confidence: 86%
“…Sadiq et al (2022) demonstrated using CS-ARDL, AMG, and CCEMG that foreign debt depreciated CO2 emissions in BRICS countries. Also, Batmunkh et al (2022) revealed with the aid of FE, RE, and pooled effect models that debt stock promotes temperature changes in Central Asian countries. Likewise, Akam et al (2022) used the AMG method and confirmed the CO2-emitting effect of external debt in South Africa and Algeria.…”
Since the last decade, ecological preservation has become a critically debated topic in developing and developed nations. Hence, to ensure environmental sustainability, countries and international bodies have been canvassing for measures that support severe restrictions to protect the Earth's biodiversity. Without such an approach, sustaining the ecological quality needed for sustainable growth and development will be a mirage if current greenhouse gas levels are not tamed. Hence, this study investigated the effect of renewable energy consumption on the ecological sustainability of 44 African countries and the accompanying roles of external debt and financial globalisation in the relationship. Second-generation estimation techniques were employed and deduced inferences from the cross-sectional autoregressive distributed lag method used in the study. It was empirically demonstrated that renewable energy is insignificant for ecological sustainability without debt stock and financial globalisation. However, the inclusion of both variables revealed that while renewable energy and financial globalisation accelerated ecological sustainability, external debt worsened it in the short and long-term periods. Therefore, relevant policy measures were proposed in the study.
JEL Classification: H54, N77, O3.
“…Thus, the implication is that foreign borrowing prioritisation for factors that can promote environmental sustainability is lacking. This outcome supports findings by Akam et al (2021), Sadiq et al (2022), Batmunkh et al (2022) and Farooq et al (2023) for HIPCs, BRICS countries, Central Asia countries, and OIC countries, respectively, that debt stock deteriorates ecological sustainability. In contrast, the result opposed the findings in Sadiq et al (2022), Friday (2022), andZeraibi et al (2023) for BRICS countries, Turkey, and emerging economies, respectively.…”
Section: Discussion Of Findingssupporting
confidence: 86%
“…Sadiq et al (2022) demonstrated using CS-ARDL, AMG, and CCEMG that foreign debt depreciated CO2 emissions in BRICS countries. Also, Batmunkh et al (2022) revealed with the aid of FE, RE, and pooled effect models that debt stock promotes temperature changes in Central Asian countries. Likewise, Akam et al (2022) used the AMG method and confirmed the CO2-emitting effect of external debt in South Africa and Algeria.…”
Since the last decade, ecological preservation has become a critically debated topic in developing and developed nations. Hence, to ensure environmental sustainability, countries and international bodies have been canvassing for measures that support severe restrictions to protect the Earth's biodiversity. Without such an approach, sustaining the ecological quality needed for sustainable growth and development will be a mirage if current greenhouse gas levels are not tamed. Hence, this study investigated the effect of renewable energy consumption on the ecological sustainability of 44 African countries and the accompanying roles of external debt and financial globalisation in the relationship. Second-generation estimation techniques were employed and deduced inferences from the cross-sectional autoregressive distributed lag method used in the study. It was empirically demonstrated that renewable energy is insignificant for ecological sustainability without debt stock and financial globalisation. However, the inclusion of both variables revealed that while renewable energy and financial globalisation accelerated ecological sustainability, external debt worsened it in the short and long-term periods. Therefore, relevant policy measures were proposed in the study.
JEL Classification: H54, N77, O3.
“…A. Batmunkh et al (2022), in the process of investigating economic globalisation and environmental sustainability in Central Asia, confirm the hypothesis that the region is at the stage of an industrial economy and propose a roadmap for expanding interstate relations, including joint reclamation of the lands of Southern Mongolia, which will lead to an increase in the yield from steppe lands.…”
The relevance of improving the efficiency of agriculture in Mongolia and, accordingly, the role of personnel management in the implementation of this task has grown especially in recent years when the number of pastures and arable land has substantially decreased due to an increase in the area of mineral extraction. The purpose of the study is to determine the most effective motivation and planning system for them, considering the national characteristics and mentality of agricultural workers, mainly nomadic shepherds, and to form recommendations on the most acceptable management style for this group. The Holfstede typology of cultural dimensions was used as a key method to identify the cultural and behavioural characteristics of the target audience. During the survey conducted among 1514 staff representatives and processing of its results, the average indicators for six cultural dimensions were calculated, and estimates of these indicators were given. According to the obtained data on the typology of cultural dimensions, it was determined that values in the examined social group are largely determined by traditions and customs, which means that a managerial model is in demand that will not impose existing Western management principles but uses its own tools based on relatively democratic principles. Based on the obtained characteristics, recommendations were formed on such key management tools as the principles of subordination, the system of setting tasks and monitoring their implementation, and on the effective motivation of personnel. The practical importance of the study lies in the development of recommendations for improving personnel management and, as a result, increasing efficiency at agricultural enterprises in Mongolia
“…The expansion of international trade is a critical component of globalisation [23]. Today, EG is used in various ways, including export and import, the ER, and FDI [24]. Another study explores the relationship between EG, AVA, and the ecological footprint in the E7 nations: Brazil, China, India, Indonesia, Mexico, Russia and Turkey.…”
Economic globalisation is the integration of national economies into the global economy through the increasing flow of goods, services, capital, and technology across borders and it has contributed to garnering a significant portion of most nations’ national income, although its agricultural value-added aspect has yet to be maximised. This pioneering study explores the impact of economic globalisation on value-added agriculture in a global context based on countries’ income levels. Panel data regression with the stepwise method was employed to quantify the impact of economic globalization on agriculture value added in 101 countries between 2000 and 2021. The findings of our study reveal that economic globalisation, through various channels such as fertilizer consumption, employment in agriculture, agriculture raw materials export and import, exchange rate, and foreign direct investment, significantly influences the agricultural value-added factor globally and across different income levels. Furthermore, the results show that agricultural employment significantly impacts the agricultural value-added factor globally and across all income levels. Also, countries with low and lower-middle-income levels significantly affect agricultural value-added due to exchange rates. In comparison, high-income and lower-middle-income levels have an impact due to foreign direct investment. Finally, the upper-middle-income countries have significantly affected agricultural value-added due to agricultural raw materials imports. This study confirms that employment in agriculture, exchange rate and foreign direct investments positively impact agriculture value-added on the global level and based on the income level of countries.
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