Energy transition in sport and public facilities: pioneering sustainable economic pathways

IF 4 3区 经济学 Q1 ECONOMICS
Xiangyu Du, Wuyang Xie, Weimin Guan
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Abstract

This study explores the factors influencing the adoption of green energy utilities in sports and public facilities across the G7 nations spanning from 2000 to 2021. The Augmented Mean Group (AMG) estimation method employed indicates that Foreign Direct Investment (FDI) has not exerted a significant impact on the green sports sector. Moreover, a 1% increase in Green Power Consumption (GPC) correlates with a nearly 0.29% rise in the growth of green energy sport utilities trade. Conversely, higher Tax Revenues (TAXR) hinder green energy sport utilities trade by almost 0.42%, attributable to increased financial burdens and the potential lack of incentives. The research emphasizes the positive role of Good Governance (GOV) in fostering sustainability and attracting investments, thereby propelling the expansion of eco-friendly sports facilities. Causal analysis underscores bidirectional relationships among the variables under examination. To promote the deployment of green energy in sports and public facilities, recommended policy measures include encouraging green FDI, implementing environmentally friendly taxation, advocating for sustainability in corporate management, and leveraging trade agreements to advance the trade of green energy utilities.

体育和公共设施的能源转型:开辟可持续经济之路
本研究探讨了影响 2000 年至 2021 年七国集团体育和公共设施采用绿色能源的因素。所采用的增量均值组(AMG)估计方法表明,外国直接投资(FDI)对绿色体育领域没有产生显著影响。此外,绿色电力消费(GPC)每增长 1%,与绿色能源体育设施贸易增长近 0.29%相关。相反,税收收入(TAXR)的增加则会阻碍绿色能源体育设施贸易增长近 0.42%,原因在于财政负担的增加和潜在激励措施的缺乏。研究强调了善治(GOV)在促进可持续性和吸引投资方面的积极作用,从而推动了生态友好型体育设施的扩张。因果分析强调了研究变量之间的双向关系。为促进绿色能源在体育和公共设施中的应用,建议采取的政策措施包括鼓励绿色外国直接投资、实施环境友好型税收、倡导企业管理的可持续性,以及利用贸易协定推动绿色能源公用事业的贸易。
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来源期刊
CiteScore
4.80
自引率
6.50%
发文量
78
期刊介绍: Economic Change and Restructuring has been accepted for SSCI and will get its first Impact Factor in 2020!Since the early 1990s fundamental changes in the world economy, under the auspices of increasing globalisation, have taken place On one hand, the disappearance of the centrally planned economies and the progressive formation of market-oriented economies, have brought about countless systematic changes, where new economic structures, institutions, competences and skills involve complex processes, changes which are still underway and which necessitate adaptation and restructuring to form competitive market economies. On the other hand, many developing economies are making great strides as regards economic reform and liberalisation, and are emerging as new global players. They show an innovative capacity to position themselves in the global economy and to compete with industrialised countries, which are generally believed to be witnessing the rapid erosion of their established positions. These developments are accompanied by the exacerbation of the world competition. Both processes involve transition and the emerging economies, in searching for a new role and scope for public policies and for a new balance between public and private partnership, seem to currently be converging, especially with respect to the policies needed to create appropriate and effective market institutions and integrated reform policies, and to increase the standards of the population''s education levels. Thus, liberalisation and development policies, in attempting to strike a difficult balance between social and environmental needs, must be integrated more coherently. This complexity calls for new analytical and empirical approaches that can explain these new phenomena, which often go beyond the over-simplified facts and conventional ''wisdom'' that emerged at the start of the transition in the early 1990s. Economic Change and Restructuring (formerly ''Economics of Planning''), by keeping abreast of developments affecting both transitional and emerging economies, is aimed to attract original empirical and policy analysis contributions that are focused on various issues, including macroeconomic analysis, fiscal issues, finance and banking, industrial and trade development, and regional and local development issues. The journal aspires to publish cutting edge research and to serve as a forum for economists and policymakers working in these fields.Officially cited as: Econ Change Restruct
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