Research in Globalization最新文献

{"title":"Natural resource use, industrialization and climate change in Africa: Blueprints for sustainable regional development","authors":"Forbe Hodu Ngangnchi ,&nbsp;Nkwetta Ajong Aquilas ,&nbsp;Mukete Emmanuel Mbella","doi":"10.1016/j.resglo.2024.100245","DOIUrl":"10.1016/j.resglo.2024.100245","url":null,"abstract":"<div><p>Climate crisis continue to animate environmental policy debate and remains a fundamental global concern. While natural resources use and industrialization are main drivers of climate change especially in developing countries like Africa, previous empirical studies have failed to analyze the simultaneous effect of both on climate change. To close this gap, the current study investigates the relationship between natural resources use, industrialization and climate change in Africa. Specifically, this study analyzes the effect of natural resources rents and value added in manufacturing on carbon dioxide emissions. Addressing these issues is important, as the implications of natural resources extraction and industrial development on environmental sustainability cannot be underestimated. This paper is very relevant because of the limited research on comprehensive frameworks that integrate natural resources use with industrialization policies specific to Africa. Using data from 2005 to 2022 for 45 African countries obtained from the African Infrastructural and World Bank databases, and employing the Cross-Sectional Feasible Generalized Least Squares, Driscoll-Kraay effects, Dynamic Driscoll-Kraay effects and Panel Quantile on Quantile regression techniques, the empirical findings revealed that natural resources rents and industrialization adversely contribute to climate change in Africa. Quantitative results show that a 1% increase in natural resource rents increased carbon dioxide emissions by 0.000103% for both Feasible Generalized Least Squares and Driscoll-Kraay estimates and by 0.00813% for the Dynamic Driscoll-Kraay estimates. Furthermore, a 1% increase in value added in manufacturing led to a 0.377% increase in carbon dioxide emissions for both Feasible Generalized Least Squares and Driscoll-Kraay estimates and a 0.157% increase for Dynamic Driscoll-Kraay estimates. The result also shows that the effect of natural resource extraction and industrialization on climate change become negative at both the 25% quantile and 50% quantile. However, this turning point becomes nullified at the 75% and at 90% quantiles. Africa should adopt a green path to natural resource use and industrialization.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100245"},"PeriodicalIF":0.0,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000546/pdfft?md5=f857638f3ab4328e12a3eb62959ea11d&pid=1-s2.0-S2590051X24000546-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141964271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The environmental impact of international trade in Sub-Saharan Africa: Exploring the role of policy and institutions for environmental sustainability","authors":"Desmond Mbe-Nyire Mpuure ,&nbsp;Emmanuel Duodu ,&nbsp;Adamu Braimah Abille ,&nbsp;Eric Atanga Ayamga","doi":"10.1016/j.resglo.2024.100240","DOIUrl":"10.1016/j.resglo.2024.100240","url":null,"abstract":"<div><p>Considering the potential role of environmental institutions in abating environmental pollution, this study deviates from previous studies by assessing how policy and institutions for environmental sustainability (PIES) mitigate the adverse effects of aggregate and disaggregated trade on the environment in Sub-Saharan Africa (SSA). Using Driscoll and Kraay method, generalized method of moments, and Dumitrescu and Hurlin causality test on data from 2005 to 2020 for 24 SSA countries, the results show that the adverse effects of overall and disaggregated trade on environmental degradation significantly reduces in the presence of PIES. The causal analysis revealed a bidirectional relationship between total trade, exports, imports, and environmental degradation. The study concludes that international trade cannot guarantee environmental sustainability in light of the 2030 SDGs without effective PIES. Therefore, the study calls for the strengthening of PIES to ensure environmental sustainability even as SSA countries move to deepen intra and inter-continental trade within the context of the African Continental Free Trade Area Agreement (AFCFTA).</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100240"},"PeriodicalIF":0.0,"publicationDate":"2024-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000492/pdfft?md5=f9d27ddcf3d3135c69c2457418ca176c&pid=1-s2.0-S2590051X24000492-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141962978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of financial globalization in the long-run volatility between forex and stock markets during COVID-19: Evidence from Africa","authors":"Michael Insaidoo ,&nbsp;William Gabriel Brafu-Insaidoo ,&nbsp;James Atta Peprah ,&nbsp;William Godfred Cantah","doi":"10.1016/j.resglo.2024.100242","DOIUrl":"10.1016/j.resglo.2024.100242","url":null,"abstract":"<div><p>This study examines the long-run volatility between forex and stock markets and the role of financial globalization in this relationship in Africa, during the COVID-19 pandemic period, using panel Fully Modified Ordinary Least Squares (FMOLS) and panel Dynamic Ordinary Least Squares (DOLS) approaches. Our empirical outcomes revealed bi-directional long-run volatility between the two financial markets in the COVID-19 pandemic period. The results further established that, financial globalization reduces forex markets’ volatility effects on stock markets’ volatility, whilst it heightens stock markets’ volatility effects on forex markets’ volatility in Africa, during the COVID-19 pandemic period. The implications of this study, include the need to harness the stabilising potential of financial globalization in the long-run volatility between forex and stock markets, primarily through asset diversification, enhanced information flow, and market efficiency in African financial markets.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100242"},"PeriodicalIF":0.0,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000510/pdfft?md5=1107ef99bd9cefc8f14a2844fa848a44&pid=1-s2.0-S2590051X24000510-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141963815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Achieving carbon neutrality in an emerging oil-producing country: Renewable energy transition and international trade flows in Ghana","authors":"Clement Oteng ,&nbsp;Camara Kwasi Obeng ,&nbsp;Pius Gamette","doi":"10.1016/j.resglo.2024.100244","DOIUrl":"10.1016/j.resglo.2024.100244","url":null,"abstract":"<div><p>Over the past decade, climate variabilities have emerged as shaping the dynamics of international trade. The adverse externalities posed by climate change require a corresponding improvement in the production of food, trade and the adoption of abundant renewable energy resources. Our study focused on evaluating the impact of renewable energy transition on international trade flows in Ghana. We employed the dynamics ARDL simulation model to analyse our results using data from various institutions. We found that energy transition using both low carbon energy and renewable energy in electricity generation by 1% and 5% significantly increases the balance of trade to the 4th year after which energy transition decreases the balance of trade to the 9th year. After the 9th year, energy transition by both percentages increases the trade balance of Ghana. We observe that the energy transition by 5% has a higher impact than the energy transition by 1%. Additionally, it is observed that using the share of renewable energy in electricity generation has a decreasing rate relative to the first four years. Drafting renewable energy plans such as allocation of funds, supportive policy frameworks and incentives such as green financing, subsidies, and tax incentives can enhance and develop renewable energy infrastructure to increase renewable energy efficiency and reliability for international trade.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100244"},"PeriodicalIF":0.0,"publicationDate":"2024-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000534/pdfft?md5=bdc795675d9a49d72a32dfecc8ebe8c4&pid=1-s2.0-S2590051X24000534-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141962977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corruption’s impact on non-performing loans of banks in emerging markets: Empirical insights","authors":"Abdul Rehman ,&nbsp;Waqas Mehmood ,&nbsp;Ahnaf Ali Alsmady ,&nbsp;Arshian Sharif","doi":"10.1016/j.resglo.2024.100241","DOIUrl":"10.1016/j.resglo.2024.100241","url":null,"abstract":"<div><h3>Purpose</h3><p>This study investigates the impact of control of corruption (COC) on nonperforming loans (NPLs) in South Asian countries.</p></div><div><h3>Methodology</h3><p>The present study selected three South Asian countries (Pakistan, India, and Bangladesh) from 2000 to 2019. Further, the current research employed the fixed effect model (FEM) analysis on a sample of 81 conventional banks based in South Asian countries.</p></div><div><h3>Findings</h3><p>The result reveals that control of corruption has a significant and negative association with NPLs, indicating that weak control of corruption would lead to an increase in NPLs in the sample countries.</p></div><div><h3>Implications</h3><p>The findings provide insights to the policymakers in making strategic decisions about NPLs regarding control of corruption impact.</p></div><div><h3>Originality</h3><p>The significant increase in NPLs is worrying as it may undermine banks’ ability to grant credit and support a country’s economic recovery. The increasing trend of NPL rates and limited studies in related literature assessing NPLs in the South Asian region has motivated this study, which examines the external and internal factors that may influence NPLs</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100241"},"PeriodicalIF":0.0,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000509/pdfft?md5=2dc9d691a7d4affa77d39d3cd40a6860&pid=1-s2.0-S2590051X24000509-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141952820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Introduction to special issue on “diaspora direct investment”","authors":"Badar Alam Iqbal ,&nbsp;Mohd Nayyer Rahman","doi":"10.1016/j.resglo.2024.100239","DOIUrl":"10.1016/j.resglo.2024.100239","url":null,"abstract":"<div><p>In this introduction to the themed issue “Diaspora Direct Investment,” we firstly provide a review of the relevant extant literature followed by a discussion on determinants and policy implications. Next, we summarize the six papers included in this special issue. The topics that are touched upon are remittances, foreign direct investment and ecological footprint, diaspora direct investment, interest rate environments, multinational enterprises and their effects on poverty, and diaspora engagement. As a relatively new topic in international investment, the selected papers provide novel contributions to the broad theme and focus on under-researched areas of international investment determinants. Our review of the literature provides a brief overview of past studies on diaspora investment (including direct investment) and the conclusions derived therefrom. We conclude by suggesting research gaps to be filled by future studies on diaspora direct investment.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100239"},"PeriodicalIF":0.0,"publicationDate":"2024-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000480/pdfft?md5=29b8a960d59ce32700b54a6ef8052263&pid=1-s2.0-S2590051X24000480-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141622195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does crowdfunding contribute to digital financial inclusion?","authors":"Md. Abdul Halim","doi":"10.1016/j.resglo.2024.100238","DOIUrl":"https://doi.org/10.1016/j.resglo.2024.100238","url":null,"abstract":"<div><p>This study extensively examines crowdfunding to promote and enhance digital financial inclusion. The goal of this research is to investigate the role of crowdfunding in digital financial inclusion and to establish a standardized measure for comparing the level of financial inclusion across various economies worldwide. Through a comprehensive analysis of relevant scholarly literature and empirical data, this research study presents an in-depth investigation. The study shows that crowdfunding can contribute to financial inclusion through various models, including Reward-based CrowdFunding, Community-based CrowdFunding, Segregated Client Model, Notary Model, Guaranteed Return Model, Crowd-funding Asset Securitized Model, Donation-based CrowdFunding, Equity-based CrowdFunding, and Debt-based CrowdFunding. This study also shows that Singapore maintains its top position as the most financially inclusive market. Singapore is positioned at the top regarding the pillars of government assistance, employer support, and financial system support, ranking first, second, and third, respectively. This study will provide valuable insights for organizations seeking to establish their own crowdfunding platforms, as well as individuals interested in showcasing their businesses on such platforms.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100238"},"PeriodicalIF":0.0,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000479/pdfft?md5=91a44b1cda9e178ece491c1f6fb28fdc&pid=1-s2.0-S2590051X24000479-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141607192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"People centric governance model for smart cities development: A systematic review, thematic analysis, and findings","authors":"Benoie Parappallil Mathew,&nbsp;Deepak Bangwal","doi":"10.1016/j.resglo.2024.100237","DOIUrl":"https://doi.org/10.1016/j.resglo.2024.100237","url":null,"abstract":"<div><p>In the Gulf Cooperation Council (GCC) region, comprising Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman, advanced urban planning and cutting-edge projects signify a dedication to modernity and prosperity. These nations, renowned for substantial energy reserves, are crucial players in the global energy landscape, contributing 45% of proven oil reserves, 25% of oil exports, and 18% of proven natural gas reserves. Significant investments in planned cities showcase the GCC region’s commitment to renewable energy with megaprojects serving as key promoters of a nationalist vision for modernization and sustainability. Criticism has been directed at ambitious designs and sustainability rhetoric, as seen in projects like Masdar City, originally envisioned as carbon-neutral but encountering challenges in realization.</p><p>The implementation of Smart Cities in Oman is in its early stages, marked by a lack of comprehensive industry-level studies and an absence of an established frameworkbased approach. Limited industry-level studies address citizen-centric Smart governance thereby impacting Quality of Life. Current research emphasizes technology and innovation rather than the cultural sentiments of the local community resulting in gaps in people-centric approach. Moreover, there’s no empirical research to validate the influence of People on Public-Private Partnership enterprises in Smart City development, necessitating the development of a conceptual framework or model to highlight the influence of people on Smart Cities. This deficiency is resulting in a stagnation of innovation and an insufficient quality of life. The goal is to measure the effectiveness of the participatory governance model in improving the quality of life for residents within the smart city. By addressing the identified deficiencies through the application of participatory governance, the research aims to pave the way for a more effective and people-centric approach to smart city development, ultimately fostering innovation, enhancing the quality of life, and promoting sustainable and inclusive outcomes.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100237"},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000467/pdfft?md5=3decf0744a80d9c1ece5abf091e6f822&pid=1-s2.0-S2590051X24000467-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141595999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A novel framework for waste management in smart city transformation with industry 4.0 technologies","authors":"Aalok Kumar","doi":"10.1016/j.resglo.2024.100234","DOIUrl":"10.1016/j.resglo.2024.100234","url":null,"abstract":"<div><p>Most of the developed and developing nations focus on the transformation of city livelihood through the development of smart cities. Waste management in smart cities is a critical concern for policymakers and smart city administration. The fourth industrial transformation (hereafter Industry 4.0) helps to improve waste management practices in smart cities to improve the sustainability of the city. This paper tries to develop a roadmap for industry 4.0 technologies relevant to managing waste in smart cities. This paper proposes a novel framework for analyzing the deployment enablers of Industry 4.0 technologies, implementation barriers, current best practices, and opportunities for digital technologies (EBPO) for smart city transformation. The proposed EBPO conceptual framework is analyzed in the context of studies conducted in developed and developing countries. The EBPO presents the unique linkages among the technological advancements for managing waste in smart cities. The present research is an early attempt to explore the relevance of industry 4.0 technologies in the smart waste management context for improving environmental sustainability. The keyword and theme mapping analysis proposes <em>three</em> major waste management clusters in smart cities. This paper provides insight for improving EBPO elements for smart cities’ waste management. The policy and theoretical implications are presented for smart city stakeholders. The paper also highlights the different dimensions of the EBPO framework.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100234"},"PeriodicalIF":0.0,"publicationDate":"2024-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000431/pdfft?md5=b7024578fde50a7d4ab453789890e33b&pid=1-s2.0-S2590051X24000431-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141951783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does higher education matter in mitigating chronic disease Mortality? evidence from MENA countries with consideration of Globalization, economic Growth, and environmental pollution","authors":"Marouane Zouine,&nbsp;Mohamed Jallal el adnani,&nbsp;Salah eddine salhi","doi":"10.1016/j.resglo.2024.100236","DOIUrl":"https://doi.org/10.1016/j.resglo.2024.100236","url":null,"abstract":"<div><p>This study investigates the relationship between higher education and mortality rates from chronic and fatal diseases in MENA countries from 2000 to 2020. Utilizing a robust panel econometric framework with Generalized Least Square, Fully Modified Ordinary Least Squares (FMOLS), and Dynamic Ordinary Least Squares (DOLS), we analyze empirical data while controlling for globalization, CO2 emissions, and GDP per capita. Our findings reveal a significant negative correlation between education and mortality rates, paralleled by similar trends for globalization and GDP per capita. Conversely, CO2 emissions are found to increase mortality rates, highlighting the detrimental impact of environmental degradation on public health. This underscores the pivotal role of education, globalization, and economic development in reducing mortality rates associated with chronic and fatal diseases. The study advocates for increased investments in education and healthcare infrastructure to address disparities and enhance public health outcomes, alongside promoting responsible globalization practices to further improve health metrics.</p></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"9 ","pages":"Article 100236"},"PeriodicalIF":0.0,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2590051X24000455/pdfft?md5=96a4c2b780c63f2fbb6a6718c0553206&pid=1-s2.0-S2590051X24000455-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141484746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}