Going away or going green in NAFTA nations? Linking natural resources, energy utilization, and environmental sustainability through the lens of the EKC hypothesis

Jahanger, Atif; Yu, Yang; Hossain, Mohammad Razib; Murshed, Muntasir; Balsalobre‐Lorente, Daniel; Khan, Uzma

doi:10.1016/j.resourpol.2022.103091

Cited by 98 publications

(22 citation statements)

References 92 publications

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“…A supportive financial environment provides businesses with sustainable investment and access to capital to drive sustainable economic growth and achieve SDGs (Zhan & Santos‐Paulino, 2021). A financial environment for sustainable development is essential because, without appropriate investment, the SDGs could deteriorate (Jahanger, Yu, et al, 2022). Fifth, the rule of law environment.…”

Section: Literature Review and Theoretical Analysismentioning

confidence: 99%

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Yin

Yuan

Zhou

2023

Sustainable Development

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The existing research on the business environment index system has a single viewpoint, which can hardly reflect the requirements of SDGs on the business environment. Few studies have focused on the “front end” factors determining the business environment. Based on panel data from 2011 to 2020, this study measures the business environment in 275 Chinese cities and uses the ArcGIS software and Natural Breaks (Jenks) to examine its spatiotemporal characteristics. The PSM‐DID model is utilized to examine the policy implications of the reform of government functions on the business environment. The findings demonstrate that China's urban business environment's total score has risen, and its geographic characteristics are “strong in the east and weak in the west.” Among the various sub‐dimensions of the business environment, the largest contribution is the infrastructure environment, followed by the rule of law environment. The reform of government functions can improve the business environment from the second year onward. Regional and city‐level heterogeneities exist in the effects of the reform of government functions on the business environment. In addition, informatization level, population density, and consumption level can optimize the business environment. This study provides a guide for accelerating the creation of a marketized, legalized, international, and sustainable business environment.

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Section: Literature Review and Theoretical Analysismentioning

confidence: 99%

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Yin

Yuan

Zhou

2023

Sustainable Development

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“…Thus the rising trend in tourism needs a massive amount of energy for different sectors such as transport. The transport sector plays a significant role in entraining the tourist and offering its services to move from one place to another, but outdated transport or energy-intensive transport further raises the environmental damage (Balsalobre-Lorente et al, 2021; Ghosh et al, 2022; Jahanger et al, 2022). Another possibility is that the domestic construction activities in the transport sector do not follow international standards.…”

Section: Resultsmentioning

confidence: 99%

The Impact of Economic Corridor and Tourism on Local Community's Quality of Life under One Belt One Road Context

Wang,

Abbas,

Al-Sulati

et al. 2023

Eval Rev

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Economic corridors unlock new economic opportunities and tourism development in the region to achieve sustainable development goals. Green economic growth is conducive to environmental sustainability. Economic mega-projects of CPEC promote tourism that leads to communities’ well-being and better quality of life. Modern infrastructure development contributes significantly to economic growth and tourism activities. This study’s objectives emphasize exploring tourism and sustainable development pursuits under OBOR economic projects that open doors to improving residents' quality of life. The growing world is an eyewitness to a continuous rise in emissions and its severe consequences for humankind. It is necessary to show off the leading factors that result in tourism and economic activities causing environmental pollution rather than blame policymakers. Undoubtedly, many studies previously focused on demonstrating the influence of socio-economic factors that lead to better environmental quality. However, the empirical literature on tourism, social well-being, foreign direct investment, and the Environment in Belt and Road developed economies needed improvement. This research applied a series of advanced estimators that help demonstrate the study’s probable results. This study explores the role of Social well-being (HDI), tourism development, FDI, renewable energy, information & communication technology (ICT), and urbanization on CO2 emissions in Belt and Road (BRI) developed economies.Estimated results exhibited the significant contribution of ICT and renewable energy to sustainability. Besides, FDI contributes to emissions reduction after its threshold level. Conversely, urbanization and tourism activities contribute to environmental pollution. The study outcomes stated inverted/EKC U-shaped hypotheses related to specified economies. Finally, the analysis based on the D-H panel causality test constructs exciting results.The present study concludes that economic corridor plays a vital role in tourism development, the community’s well-being, and SDGs goals (sustainable development) impact on environmental safety. The findings suggest essential and applicable policies to attain the desired sustainability level. Findings contribute to the literature on tourism, well-being, and sustainability. Further studies can use insights using this methodology.

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“…The environmental Kuznets curve (EKC) is a phenomenon that frequently occurs. However, there are conflicting results in the empirical evidence regarding this element of economic growth and environment (Chen H et al, 2022;Dai et al, 2022;Jahanger et al, 2022;Korkut Pata et al, 2022;Kostakis et al, 2023;Pata and Samour, 2022;Voumik et al, 2022;Wang et al, 2023). The effects of the qualitative degradation of environmental circumstances have made global warming one of the most critical issues currently affecting rising and industrial Asian nations.…”

Section: Introductionmentioning

confidence: 99%

The role of institutional quality in assessing the environmental externality of financial inclusion: A DCCE approach

Latif

Safdar

Liaquat

et al. 2023

Front. Environ. Sci.

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Controlling environmental contamination requires the use of environmental regulation. The growth of green finance depends on digital finance. The objectives of the study are threefold: first, to explore the impact of digital financial inclusion in deriving climate change; second, to trace the shape of the financial inclusion-based environmental Kuznets curve; and third, to investigate the intersecting effect of digital financial inclusion and institutional quality on environmental quality. Using panel data from 48 Asian economies between 1996 and 2020, heterogeneity, non-stationarity, and cross-sectional dependence are addressed using an econometric method called “dynamic common correlated effects (DCCE).” The empirical evidence confirms a significant relationship between environmental performance and financial inclusiveness. Furthermore, the findings also validated the inverted U-shape environmental Kuznets curve based on financial inclusiveness. Our research suggests that a strong institutional framework has the potential to mitigate the long-term negative consequences of financial inclusion on the environment. To establish coordinated control of environmental quality, the government fully utilizes the environmental regulation and digital inclusive finance environmental governance. Consequently, to achieve environmental sustainability, policymakers in Asian countries should develop policies that enhance financial inclusion and institutional quality.

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Going away or going green in NAFTA nations? Linking natural resources, energy utilization, and environmental sustainability through the lens of the EKC hypothesis

Cited by 98 publications

References 92 publications

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

Evaluation and optimization of business environment based on sustainable development perspective: Exploring the role of the reform of government functions

The Impact of Economic Corridor and Tourism on Local Community's Quality of Life under One Belt One Road Context

The role of institutional quality in assessing the environmental externality of financial inclusion: A DCCE approach

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