This study attempts to explore the environmental impacts of globalization under the umbrella of the EKC (environment Kuznets curve) approach in South Asia. For this reason, this study investigates ...the causality between energy usage and growth-driven CO2 emanations. The study adopts the FMOLS (fully modified OLS) technique for the econometric assessment, which portrays a significant demolish of environmental well-being in the region, whereas individual country, such as Nepal, also demonstrates a positive and significant effect of non-environmentally friendly power and globalization index on CO2 emanations. Nonetheless, negative as well as positive signs of GDP and its square (GDP)
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, respectively, validate the EKC theory in the sample region. Furthermore, the empirical finding reveals the feedback effect between economic growth (GDP) and energy usage. Despite this, GDP Granger causes CO2 emanations.
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CEKLJ, EMUNI, FIS, FZAB, GEOZS, GIS, IJS, IMTLJ, KILJ, KISLJ, MFDPS, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, SBMB, SBNM, UKNU, UL, UM, UPUK, VKSCE, ZAGLJ
The health, economic, and social consequences of the SARS-CoV-2 virus have highlighted the need for collaboration among all agents to face a scenario that we have not before seen. The aims of this ...paper are to analyze the involvement that large Spanish companies have shown during the toughest moments of the epidemic and to determine the objectives these companies have pursued with them. The results show that several firms have shown a great commitment with society, developing actions that alleviate the consequences of the COVID-19 like others have developed several strategies with different objectives. More concretely, three clusters of responsibility have been identified: (i) protecting only the interests of shareholders and investors; (ii) favoring the wellbeing of the Spanish society in general and vulnerable groups in particular; and (iii) combining the previous altruistic actions with commercial interests.
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CEKLJ, GEOZS, IJS, IMTLJ, KILJ, KISLJ, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UILJ, UL, UM, UPCLJ, UPUK, ZAGLJ, ZRSKP
The human papillomavirus (HPV) vaccines may provide some level of cross‐protection against high‐risk HPV genotypes not directly targeted by the vaccines. We evaluated the long‐term health and ...economic impacts of routine HPV vaccination using either the nonavalent HPV vaccine or the bivalent HPV vaccine in the context of 48 Gavi‐eligible countries. We used a multi‐modeling approach to compare the bivalent with or without cross‐protection and the nonavalent HPV vaccine. The optimal, that is, most cost‐effective, vaccine was the vaccine with an incremental cost‐effectiveness ratio below the per‐capita gross domestic product (GDP) for each country. By 2100 and assuming 70% HPV vaccination coverage, a bivalent vaccine without cross‐protection, a bivalent vaccine with favorable cross‐protection and the nonavalent vaccine were projected to avert 14.9, 17.2 and 18.5 million cumulative cases of cervical cancer across all 48 Gavi‐eligible countries, respectively. The relative value of the bivalent vaccine compared to the nonavalent vaccine increased assuming a bivalent vaccine conferred high cross‐protection. For example, assuming a cost‐effectiveness threshold of per‐capita GDP, the nonavalent vaccine was optimal in 83% (n = 40) of countries if the bivalent vaccine did not confer cross‐protection; however, the proportion of countries decreased to 63% (n = 30) if the bivalent vaccine conferred high cross‐protection. For lower cost‐effectiveness thresholds, the bivalent vaccine was optimal in a greater proportion of countries, under both cross‐protection assumptions. Although the nonavalent vaccine is projected to avert more cases of cervical cancer, the bivalent vaccine with favorable cross‐protection can prevent a considerable number of cases and would be considered a high‐value vaccine for many Gavi‐eligible countries.
What's new?
The nonavalent human papillomavirus (HPV) vaccine has generally been considered to confer enough additional benefit to warrant a higher price. However, most previous analyses did not fully consider possible cross‐protection by the bivalent vaccine and focused on high‐income countries. This study projected the health and economic tradeoffs of using either vaccine in low‐ and middle‐income countries, incorporating recent data on bivalent cross‐protection and Gavi‐negotiated vaccine prices. Although the nonavalent HPV vaccine was projected to avert more cases of cervical cancer, the bivalent vaccine, with an assumed high and long‐lasting cross‐protective efficacy, would be cost‐effective for nearly half of Gavi‐eligible countries.
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BFBNIB, FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, SBCE, SBMB, UL, UM, UPUK
The industry is a key driver of economic development. However, changes caused by introduction of modern technologies, and increasing complexity of products and production, directly affect the ...industrial enterprises and workers. The critics of the Industry 4.0 paradigm emphasized its orientation to new technologies and digitalization in a technocratic way. Therefore, the new industrial paradigm Industry 5.0 appeared very soon and automatically triggered a debate about the role of, and reasons for applying, the new paradigm. Industry 5.0 is complementing the existing Industry 4.0 paradigm with the orientation to the worker who has an important role in the production process, and that role has been emphasized during the COVID-19 pandemic. In this research, there is a brief discussion on main drivers and enablers for introduction of these new paradigms, then a literature-based analysis is carried out to highlight the differences between two paradigms from three important aspects—people, organization, and technology. The conclusion emphasizes the main features and concerns regarding the movement towards Industry 5.0, and the general conclusion is that there is a significant change of the main research aims from sustainability towards human-centricity. At the end, the analysis of maturity models that evaluates enterprises’ readiness to introduce features of new paradigms is given as well.
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IZUM, KILJ, NUK, PILJ, PNG, SAZU, UL, UM, UPUK
The aim of this paper is to examine the causal relationship between financial development, trade, economic growth, energy consumption and carbon emissions in Turkey for the 1960–2007 period. The ...bounds F‐test for cointegration test yields evidence of a long-run relationship between per capita carbon emissions, per capita energy consumption, per capita real income, the square of per capita real income, openness and financial development. The results show that an increase in foreign trade to GDP ratio results an increase in per capita carbon emissions and financial development variable has no significant effect on per capita carbon emissions in the long- run. These results also support the validity of EKC hypothesis in the Turkish economy. It means that the level of CO2 emissions initially increases with income, until it reaches its stabilization point, then it declines in Turkey. In addition, the paper explores causal relationship between the variables by using error-correction based Granger causality models.
► Relationship between financial development, trade, growth, energy consumption and carbon emissions is examined. ► It shows that an increase in foreign trade results in an increase in carbon emissions. ► Financial development has no significant effect on carbon emissions in the long run. ► These results also support the validity of EKC hypothesis in Turkish economy.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UL, UM, UPCLJ, UPUK
We investigate how urban railroad and highway configurations have influenced urban form in Chinese cities since 1990. Each radial highway displaces 4% of central city population to surrounding ...regions, and ring roads displace about an additional 20%, with stronger effects in the richer coastal and central regions. Each radial railroad reduces central city industrial GDP by about 20%, with ring roads displacing an additional 50%. We provide evidence that radial highways decentralize service sector activity, radial railroads decentralize industrial activity, and ring roads decentralize both. Historical transportation infrastructure provides identifying variation in more recent measures of infrastructure.
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BFBNIB, CEKLJ, INZLJ, IZUM, KILJ, NMLJ, NUK, PILJ, PNG, SAZU, UL, UM, UPUK, ZRSKP
Transport is one of the most important economic sectors in the world. It is a fundamental and important element of a country’s GDP. Gross Domestic Product (GDP) is considered one of the most ...important indicators of economic performance of a country. GDP can be compiled for both a country and a region. Changes in technology and economic structure of the production system of an area are the central issues of long-term economic growth according to the increase in the gross value added of a region. In this paper, the authors focus on finding out how the development of road freight transport performance affects the economy of a region. At the same time, they try to answer the question to what extent transport regulation can influence the economic development of an area. The research is mainly focused on EU policies aimed at regulating road freight transport.
We consider alternative history scenarios in which explicit climate mitigation begins before the present day, estimating the total costs to date of delayed action. Considering a 2(1.5) degree Celsius ...stabilization target, peak costs are greater and reached sooner with a later start to mitigation, reaching 15(17)% of global GDP in 2085(2070) for a 1990 start and 18(35)% in 2080(2035) for a 2020 start. Further mitigation delay costs a best estimate of an additional 0.5(5) trillion dollars per year. Additional simulations show how optimal mitigation pathways evolve without imposing a warming limit, finding that median abatement levels and costs are not strongly dependent on start date. However, whereas 18(5) percent of optimal solutions starting in 1980 meet the 2(or 1.5) degree target, 5(or 0)% of 2020 simulations meet the goals. Discounted damages due to delayed mitigation action rise by 0.6 trillion US dollars per year in 2020.
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IZUM, KILJ, NUK, PILJ, PNG, SAZU, UL, UM, UPUK
This paper documents the evolution of international financial integration since the global financial crisis using an updated dataset on external assets and liabilities, covering 212 economies for the ...period 1970–2015. It finds that the growth in cross-border positions in relation to world GDP has come to a halt. This reflects much weaker capital flows to and from advanced economies, with diminished cross-border banking activity, and an increase in the weight of emerging economies in global GDP, as these economies have lower external assets and liabilities than advanced economies. Cross-border FDI positions have continued to expand, unlike positions in portfolio instruments and other investment. This expansion reflects primarily positions vis-à-vis financial centers, suggesting that the complexity of the corporate structure of large multinational corporations is playing an important role. The paper also explores the cross-country drivers of foreign ownership of domestic debt securities, highlighting in particular the role of the euro debt crisis in explaining its evolution.
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BFBNIB, CEKLJ, DOBA, EMUNI, FIS, FZAB, GEOZS, GIS, IJS, IMTLJ, IZUM, KILJ, KISLJ, MFDPS, NLZOH, NMLJ, NUK, OBVAL, OILJ, PILJ, PNG, SAZU, SBCE, SBJE, SBMB, SBNM, SIK, UILJ, UKNU, UL, UM, UPUK, VKSCE, ZAGLJ
The aim of this paper is to examine the causal relationship between CO
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emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia over the period of ...1971–2012. The long-run relationship is investigated by the auto-regressive distributed lag (ARDL) bounds testing approach to cointegration and error correction method (ECM). The results of the analysis reveal a positive sign for the coefficient of financial development, suggesting that the financial development in Tunisia has taken place at the expense of environmental pollution. The Tunisian case also shows a positive monotonic relationship between real GDP and CO
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emissions. This means that the results do not support the validity of environmental Kuznets curve (EKC) hypothesis. In addition, the paper explores causal relationship between the variables by using Granger causality models and it concludes that financial development plays a vital role in the Tunisian economy.
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CEKLJ, EMUNI, FIS, FZAB, GEOZS, GIS, IJS, IMTLJ, KILJ, KISLJ, MFDPS, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, SBMB, SBNM, UKNU, UL, UM, UPUK, VKSCE, ZAGLJ
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