This study investigates the impact of geopolitical risk (GPR) on energy consumption. For empirical analysis, we utilize the dataset of BRICS nations spanning 25 years from 1998 to 2022. We employ three econometric models, namely fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and autoregressive distributed lag (ARDL), to analyze the relationships between GPR and energy consumption.
View Article and Find Full Text PDFThis paper aims to examine the potential for portfolio returns by adding together conventional and energy stocks with varying proportions. We examine the risk and return characteristics of a portfolio comprising energy and non-energy stocks from twenty countries. The period for daily data ranges from 2 July 1999 to 2 July 2021.
View Article and Find Full Text PDFAfrican countries are characterized by high unofficial activities, coupled with a fiscal structure that could either undermine or promote these activities to affect the environment. This study examines the direct and indirect environmental impacts of the unregulated economy and the fiscal instruments of government expenditure and tax using the panel quantiles regression technique. Driven by data availability, our analysis covers 46 countries when the fiscal variables are not considered, while 41 and 38 countries are respectively included in the models involving government expenditure and tax revenue from 2000 to 2016.
View Article and Find Full Text PDFGlobal warming remains the most devastating environmental issue embattling the global economies, with significant contributions emanating from CO emissions. The continued rise in the level of greenhouse gas (GHG) emissions serves as a compelling force which constitutes the core of discussion at the recent COP26 prompting nations to commit to the net-zero emission target. The current research presents the first empirical investigation on the roles of technological advancement, demographic mobility, and energy transition in G7 pathways to environmental sustainability captured by CO emissions per capita (PCCO2) from 2000 to 2019.
View Article and Find Full Text PDFEconomic and environmental policy actions are often substitutionary in their impacts, as one man's food could be another's poison. One of the critical emphases at the recent Conference of Parties 26 (COP26) is the need for coal to be phased out in the energy consumption basket of nations to achieve environmental sustainability, but this could be at the expense of the positive performance of other socio-economic fundamentals. The best bet could then be to maintain an optimal consumption level to strike a balance.
View Article and Find Full Text PDFThis study focuses on uncovering the effect of country risks and renewable energy consumption on environmental quality. In this context, the study examines Mexico, Indonesia, Nigeria, and Turkey (MINT) nations; takes economic growth, trade openness, and urbanization into account; includes data from 1990 to 2018; applies cross-sectional autoregressive distributed lag (CS-ARDL) as the main model while common correlated effects mean group (CCEMG) and augmented mean group (AMG) for robustness checks. The empirical results show that (i) economic growth, political risk, urbanization, and trade openness contribute to an increase in ecological footprint; (ii) economic and financial risks as well as renewable energy use have a positive influence on environmental quality; (iii) a unidirectional causality exists from economic risk, financial risk, political risk, economic growth, urbanization, and trade openness to the ecological footprint: (iv) the validity of the EKC hypothesis for the MINT economies is verified; (v) the robustness of CS-ARDL results are validated by CCEMG and AMG approaches.
View Article and Find Full Text PDFExpanding food production to commensurate with population growth has often come at a cost resulting from environmental problems. Industries generate pollutants that destroy the environment and negatively affect the level of food security. These trends threaten the sustainability of food systems and undermine the capacity to meet food security needs.
View Article and Find Full Text PDFOver the past decades, emerging stock markets have started to significantly contribute to economic growth through mobilizing long-term capital by pooling funds, facilitating savings and investments into profitable projects and improving corporate governance structure. A plethora of empirical studies is devoted to investigate the determinants of different capital markets but due to highly controversial and inconclusive findings about macroeconomic determinants, this study contributes to the body of existing literature by empirically investigating the macroeconomic forces that drive the stock market development of Pakistan from 1980 to 2019. By applying Ng-Perron and Zivot-Andrews unit root tests (to determine the integrating orders of variables) and Autoregressive Distributed Lag (ARDL) bounds testing approach, our results confirm cointegration among variables and exhibit the significant positive impact of economic growth and banking sector development on stock market development and negative affect of inflation, foreign direct investment and trade openness on it in long run.
View Article and Find Full Text PDFConsumer buying behavior is an important aspect in every marketing strategy to produce maximum output from the market. This study aims to determine how advertisement affects consumer buying behavior and brand loyalty by considering a mediator between brand awareness and the moderating role of perceived quality. For this purpose, this study targets the rising cosmetics industry.
View Article and Find Full Text PDFThis study investigates lean principles among Nigerian entrepreneurs and SME managers in the operational process in the aftermath of COVID-19 pandemic in Nigeria. It offers the panacea to the challenge of social-economic shocks and their adverse effects on SMEs' business activities in Nigeria. The study adopts a conceptual approach to investigate lean entrepreneurship practice by SMEs in Nigeria.
View Article and Find Full Text PDFThe COVID-19 pandemic has resulted in substantial constraints for small and medium enterprises (SMEs) worldwide. The techniques in which SMEs handle recent crises and the degree to which environmental performance is advantageous when the marketplace experiences an adverse shock is fairly untouched in the literature. To assess this probability, we examine, using data from 6,597 SMEs in 13 developing countries, the effect of firm environmental efficiency on firm financing during the COVID-19 outbreak.
View Article and Find Full Text PDFIt is evident in the literature that both intellectual capital and big data analytics create value to the organizations independently, but how threats, opportunities, capabilities and value creation for intellectual capital change with big data adoption is largely unexplored. This paper aims to develop an analytical framework for identifying challenges, opportunities, capabilities and value creation in the face of complementarity between big data and components of intellectual capital. The paper uses a Collective Intelligence approach as a theoretical background.
View Article and Find Full Text PDFEfficient environmental resource management is a serious concern for sustainable development in developing countries. This study determines the impact of institutional quality on sustainable development, based on total factor productivity improvements through the environmental regulatory process by way of abatement policies using an augmented endogenous sustainable growth model. Based on panel data covering 66 developing countries from 1984 to 2019, the employed methods involve the fixed effects and the system generalized method of moments (GMM).
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