Journal Articles - Business and Management - 2022
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PublicationImpact of coal rents, transportation, electricity consumption, and economic globalization on ecological footprint in the USA( 2022)Over the last three decades, the world has been facing the phenomenon of the ecological deficit as the ecological footprint is continuously rising due to the persistent decline of the per-capita bio-capacity. Moreover, there is a substantial increase in globalization and electricity consumption for the same period, and transportation is contributing to economic prosperity at the cost of environmental sustainability. Understanding the determinants of ecological footprint is thus critical for suggesting appropriate policies for environmental sustainability. As a result, this study analyzes the impacts of economic globalization, transportation, coal rents, and electricity consumption in ecological footprint in the context of the USA over the period 1995 to 2018. The data have been extracted from “Global Footprint Network,” “Swiss Economic Institute,” and “World Development Indicators.” The current study has also applied the flexible Fourier form nonlinear unit root test to examine the stationarity among variables. For the empirical estimation, a novel technique, the “quantile auto-regressive distributive lag model,” is applied in the study to deal with the nonlinear associations of the variables and to evaluate the long-term stability of variables across quantiles. The study’s findings indicate that coal rents, transportation, and globalization significantly and positively contribute to the deterioration of ecological footprints at different quantile ranges in the short and long run. Electricity consumption is found to have a positive and significant impact at lower quantile ranges in the long run but not have a significant impact in the short run. The study suggested that lowering the dependence of the transport sector on fossil fuels, more use of hydroelectricity, and stringent strategies to curb coal consumption would be helpful to reduce the positive influence of these variables on ecological footprints in the USA.
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PublicationInfluence of Green Investment, Environmental Tax and Sustainable Environment: Evidence from ASEAN Countries( 2022)Currently, sustainable environment (SE) has become a global requirement due to the uncertainty of the environmental conditions and require researchers’ and policymakers’ attention. Therefore, the present research examines the role of green investment and environmental taxes on the SE in ASEAN countries. The researchers have also used economic growth (EG) and population growth as the control variables. The present article has used secondary sources of data collection such as the Organization for Economic Co-operation and Development and world development indicators (WDI) and extracted secondary data from 1981 to 2020. The current research has applied the Augmented Dickey-Fuller test to examine the stationarity and applied the panel pooled mean group model to test the association between the constructs. The results revealed that green investment and environmental taxes have a negative linkage with carbon (CO2) emission that shows a positive linkage with the SE in ASEAN countries. The results also exposed that EG and population growth have a positive linkage with CO2 emission that shows a negative linkage with the SE in ASEAN countries. The present article has provided the guidelines to the policymakers while establishing new regulations regarding SE through green investment and environmental taxes.
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PublicationNatural resources commodity prices volatility and economic performance: Evaluating the role of green finance( 2022)COVID-19 has been one of the biggest sources of economic downfall around the globe. During this period, global economic activities are badly affected. The role of natural resources commodity prices is equally important to determine the economic performance of an economy. Therefore, this study aims to evaluate the importance of natural resources volatility, green finance, investment in energy resources, and innovation on the economic performance of the provincial data of China. This study uses novel panel data approaches, i.e., Pesaran unit root test, Westerlund cointegration approach, augmented mean group, and Dumitrescu-Hurlin causality test. The study found that natural resources are of great importance to uplift the economic performance of an economy as its effect is found positive. Moreover, the effect of green finance, investment in energy resources, and innovation is equally important for improved economic performance. This study recommends stability in natural resources prices volatility, promotion of green finances and more investment towards energy resources. The empirical outcomes from this study provide a novel path for achieving high economic performance.
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PublicationSharing economy benefits and sustainable development goals: Empirical evidence from the transportation industry of Vietnam( 2022)Sustainable development goals (SDGs) are the foremost requirement of the entire world, and a sharing economy is potentially the best way to achieve them, a phenomenon which needs to be emphasized. This study empirically investigates the impact of the environmental, social and economic benefits of a sharing economy on SDG achievement, along with the mediating impact of innovative culture on the association between these benefits of a sharing economy and SDG achievement. This study gathered primary data from sample of employees of transportation industry of Vietnam. The study employs PLS-SEM using Smart-PLS to analyse the association among the constructs. The findings show that the social and economic benefits positively and significantly relate to SDGs achievement. Additionally, the findings also indicate that in the presence of innovative culture as a mediator, the determinants of sharing economy benefits are significantly correlated with sustainable development goals. This study provides guidelines for regulators formulating regulations related to SDG achievement through a sharing economy.
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PublicationCommodity dynamism in the COVID-19 crisis: Are gold, oil, and stock commodity prices, symmetrical?( 2022)The current research intends to examine the commodities’ dynamism connection with stock prices under the COVID-19 crisis. DCC-GARCH modeling was applied to the data of Asian economies, including China, India, Sri Lanka, Bangladesh, and Pakistan to achieve the study objectives. The study’s results indicated a significant connection between gold prices with stock prices and oil prices for all Asian stock markets. The results of the study constructs were symmetrical. In general, the connection grows with the frequency. The lowest frequency months contributed the most to the total relationship, followed by more than 12 months. Overall, gold and oil prices influence the Asian stock markets. These research findings can avoid contagion in times of economic uncertainty. This study also suggested policy implications for better decision-making of key stakeholders. Dynamic coefficient values were about 0.8 of β2 because nations’ internal markets were more closely linked. There are also dynamic relationship factors between crude oil and foreign currency markets, where the correlations in India and China have always been around 0.