{"title":"From traditional innovation to green innovation: How an occurrence of natural disasters influences sustainable development?","authors":"Yan Ma, Gen‐Fu Feng, Chun‐Ping Chang","doi":"10.1002/sd.2802","DOIUrl":"https://doi.org/10.1002/sd.2802","url":null,"abstract":"Abstract With the high incidence of extreme events, it is important to examine how the occurrence of natural disasters influences long‐term sustainable development. We give evidence from the changing process of innovation. Using data from OECD countries from 1985 to 2018, we conclude that environmental threats from the occurrence of natural disasters drive countries to pay more attention to sustainable development and promote the change of innovation type from traditional to green innovation. Moreover, for different types of natural disasters, volcanic activities, landslides, and floods show a positive influence, while epidemics dampen it. Based on the sub‐sample analysis, this impact is more pronounced in countries with high levels of economic development, oil exports and right‐wing parties in power. Furthermore, renewable energy consumption acts as a positive moderator, while the moderating effects of government efficiency, corruption and globalization are inhibiting. Our paper provides new insights into natural disaster economics and sustainable development.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"62 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135539988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate governance for sustainability: Connecting environmental, social and economic goals","authors":"Basit Ali Bhat, Manpreet Kaur Makkar, Nitin Gupta","doi":"10.1002/sd.2779","DOIUrl":"https://doi.org/10.1002/sd.2779","url":null,"abstract":"Abstract This paper examines corporate governance's influence on corporate Sustainability in South Asian firms. Recent developments in social injustice, environmental issues and economic turmoil in South Asian countries have motivated the authors. The study used the GMM unbalanced panel data estimation on top South Asian listed firms. The time‐period of the sample taken is of ten years (2012–2022). This study reveals that among South Asian nations, companies listed in the Indian and Bangladesh stock markets have a high percentage of sustainability disclosure reporting. The study's findings show that Board size, independence, and qualification positively impact environmental sustainability reporting performance. In contrast, CEO Duality significantly negatively influences social, environmental, and economic sustainability. The study has implications for the companies and policymakers of South Asian countries and encouraged the firms to restructure the board to enhance its effectiveness to monitor better and support all aspects of corporate sustainability.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"412 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135636571","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Import competition and sustainable development of global value chains: Evidence from China","authors":"Zhenzhen Feng, Huimin Tang","doi":"10.1002/sd.2817","DOIUrl":"https://doi.org/10.1002/sd.2817","url":null,"abstract":"Abstract As the largest developing country and the second largest importer, China provides meaningful research on import competition and the global value chain (GVC). This article uses theoretical models and empirical tests to explore whether and how import competition affects the sustainable development of Chinese firms' GVCs. Moreover, we utilize China's entry into the WTO as a quasi‐natural experiment for import competition to further test the robustness of our findings. Ultimately, we find that import competition reduces the sustainable development of GVCs by decreasing the quality of imported intermediate inputs, which inhibits technology spillover, and by increasing the substitution of foreign inputs for domestic materials. Heterogeneous analyses show that import competition negatively affects ordinary trade and mixed trade firms while having no significant impact on processing trade firms. Moreover, this negative effect is especially significant for firms in eastern and central regions.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"110 S137","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135818246","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Food prices and poverty in Africa","authors":"Chimere O. Iheonu, Sodiq A. Oladipupo","doi":"10.1002/sd.2805","DOIUrl":"https://doi.org/10.1002/sd.2805","url":null,"abstract":"Abstract This study investigated the effect of food prices on poverty in 37 sub‐Saharan African economies between 2001 and 2020. The study employed Prais‐Winsten regression, variations of the Fixed Effects model to account for conventional biases in econometric modeling, and the Method of Moment Quantile Regression with Fixed Effects to account for existing poverty levels. The findings revealed that a higher proportion of Africans will fall into poverty due to the increase in food prices. This result is consistent with the presence of endogeneity, cross‐sectional dependence, and unobservable heterogeneity. The study also reveals that the increase in food prices has a greater effect in sub‐Saharan African countries with lower levels of poverty as compared to those with high poverty levels, showing that rising food prices disproportionately hurt countries with low poverty levels, pushing more Africans below the poverty line in those countries. The study recommends the need for the implementation of supply‐side agricultural policies that enhance productivity in the sector, thereby boosting aggregate agricultural supply and precipitating a decline in food prices.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"43 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135868093","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do green finance, green technology innovation, and institutional quality help achieve environmental sustainability? Evidence from the developing economies","authors":"Litu Sethi, Biswanath Behera, Narayan Sethi","doi":"10.1002/sd.2811","DOIUrl":"https://doi.org/10.1002/sd.2811","url":null,"abstract":"Abstract One possible way to achieve sustainable economic growth is by limiting carbon dioxide (CO 2 ) emissions. The developing countries, in particular, which significantly contribute to global carbon dioxide emissions, need a paradigm shift towards sustainable production and consumption to achieve economic growth while ensuring environmental sustainability. This study thus analyzes the role of green technology innovation, green finance, renewable energy use, institutional quality, and agricultural value added in attaining environmental sustainability by abating CO 2 emissions for 25 select developing countries from 1998 to 2019. This study uses the Driscoll‐Kraay and two‐step SGMM estimators to assess the impact of independent variables on the response variable, acknowledging the endogeneity problem in the model. The empirical findings reveal that green finance, green technology innovation, and institutional quality induce CO 2 emissions, whereas agricultural value‐added and renewable energy use are observed to have detrimental effects on CO 2 emissions. Moreover, the moderation effect of green technology innovation and institutional quality with green finance is observed to have a weak and insignificant impact on CO 2 emissions. The study thus recommends that developing countries enforce policies to promote investments and innovation in the clean energy sector to attain sustainable development goals by mitigating carbon emissions.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"118 1‐3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135818528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of spirituality, culture, behaviour on sustainable consumption intentions","authors":"Noopur Saxena, Ruchika Sharma","doi":"10.1002/sd.2813","DOIUrl":"https://doi.org/10.1002/sd.2813","url":null,"abstract":"Abstract Sustainable consumption is a growing area of research due to the climate change and environmental degradation. The present study examines a conceptual model by integrating spirituality with cultural values from Hofstede cultural dimensions theory and constructs from Theory of Planned Behaviour (TPB) to determine sustainable consumption intention. The paper also examines the moderating role of gender. The data was gathered from 726 customers. Structural equation modelling was used to analyse the main variables influencing sustainable consumption intentions. Spirituality, collectivism and long‐term orientation were found to have a positive impact on attitudes that leads to sustainable consumption intention. Thus, this study helps to improve the predictive ability of the Theory of Planned Behaviour by incorporating spirituality as a behavioural belief and collectivism and long‐term orientation as cultural dimensions. The findings show that gender has no moderating effect. The study outlines the process for converting a person's cultural values, norms, and beliefs into a purchase intention. As a result, the research offers practitioners and decision‐makers insight into how to boost intention towards sustainable consumption.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"102 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135818973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can green credit policies improve corporate <scp>ESG</scp> performance?","authors":"Linzhi Han, Yafang Shi, Jianghua Zheng","doi":"10.1002/sd.2803","DOIUrl":"https://doi.org/10.1002/sd.2803","url":null,"abstract":"Abstract Green credit policy, as an environmental regulation instrument in the financial sector, is gradually having an impact on corporate performance in environmental, social, and corporate governance (ESG). Based on the implementation of the Green Credit Guidelines policy, this paper investigates the impact of green credit policies on corporate ESG performance from 2011 to 2019 using the double‐difference propensity score matching method (PSM‐DID) and the Heckman two‐stage method, using a sample of A‐share listed companies. It was found that the implementation of the Green Credit Guidelines effectively improved the ESG performance of firms in green credit‐restricted industries relative to non‐green credit‐restricted industries. It is further found that this is mainly due to the increased green focus of corporate executives, while the incremental effect of green credit policies on corporate ESG performance is further strengthened by the increased quality and quantity of corporate green technology innovation. Finally, heterogeneity analysis reveals that the boosting effect of green credit policy on ESG performance of enterprises in green credit‐restricted industries is more prominent in the sample of enterprises with more analyst attention, less financially developed regions and private ones. How to leverage the green credit policy dividend to enhance the ESG performance of enterprises, further refine, and improve the green credit policy to help enterprises' sustainable development are the most direct policy implications of this paper.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"115 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135818379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who wins and who loses in global <scp>SDGs</scp> rankings? Clarifying the influence of the <scp>North‐South</scp> divide and foreign direct investment on spillover effects","authors":"Chong‐Wen Chen","doi":"10.1002/sd.2806","DOIUrl":"https://doi.org/10.1002/sd.2806","url":null,"abstract":"Abstract The Sustainable Development Report (SDR) provides comprehensive global rankings based on countries’ performance and efforts toward the 17 Sustainable Development Goals (SDGs). However, the spillover effects reflecting how one country’s actions influence others remain underexplored, especially regarding their interplay with SDGs performance. This paper delves into the cross‐border adverse impacts on the environment and society arising from these spillovers, examining their correlation with SDGs rankings within the context of the North‐South divide and foreign direct investment (FDI). The analysis reveals a pronounced association between higher SDGs scores and amplified negative spillover effects. While this trend is predominant among advanced Northern countries, certain developing Southern nations also exhibit similar tendencies, potentially obstructing the SDGs of more vulnerable states. This paper argues that many countries achieve their SDGs by exploiting the ecological and social resources of others, suggesting a deviation from genuine sustainability and the core ethos of the 2030 Agenda: “Leave No One Behind.” To provide a clearer perspective on countries’ developmental trajectories, this paper proposes conceptual metrics and utilizes data visualization to re‐assess sustainability progression over time. It also introduces four developmental tendencies: exploitative, degraded, waning, and sustainable development. The findings emphasize that countries aiming to transition from exploitative or degraded development to sustainability must address consumerism, prioritize SDG 12 (Responsible Consumption and Production), and counteract the degradation of SDG 13 (Climate Action). Crucially, a competitive mindset and a lack of international collaboration will hinder SDGs, underscoring the pressing need for collective action on environmental and social justice and equity.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"239 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135973985","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jian Wang, Yuzhen Zhang, Angelina Kissiwaa Twum, Andrew Osei Agyemang
{"title":"Realizing sustainable development goals in <scp>sub‐Saharan Africa</scp>: The role of industrialization on consumption‐based carbon emission","authors":"Jian Wang, Yuzhen Zhang, Angelina Kissiwaa Twum, Andrew Osei Agyemang","doi":"10.1002/sd.2809","DOIUrl":"https://doi.org/10.1002/sd.2809","url":null,"abstract":"Abstract The study analyzed the linkage among industrialization, trade openness, and consumption‐based carbon emissions in Sub‐Sahara Africa (SSA) to establish how Sustainable Development Goals (SDG) 8 and 9 can be achieved without negatively affecting the climate—SDG 13. Based on insights drawn from the environmental governance and economic integration theories, we developed a model that connects industrialization, trade openness and consumption‐based carbon emission in SSA, as the region strives to balance development with climate protection. We used purposive sampling to select 30 out of 46 countries in SSA with readily available data on the International Energy Agency and the World Development Indicators databases from 2000 to 2021. The study utilized the dynamic common correlated effect and the pooled mean group estimators for the empirical analysis. The results revealed that industry growth has an affirmative link with consumption‐based carbon emissions. Similarly, urban growth recorded a positive association with carbon emission. Moreover, trade openness positively moderates the link between industry growth and carbon emissions. The findings affirm the need for strengthening policies and regulations to promote industry growth (SDG 9), while ensuring climate protection in SSA to achieve SDG 13.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"13 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135974705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A comparative view of the level of agricultural sustainability – The case of European Union member states","authors":"Anna Nowak, Monika Różańska‐Boczula","doi":"10.1002/sd.2804","DOIUrl":"https://doi.org/10.1002/sd.2804","url":null,"abstract":"The paper aims to fill the research gap in monitoring agriculture's sustainable development in the European Union (EU) member states. The assessment used a synthetic index based on indicators related to three dimensions: economic, social and environmental. The surveys have a high practical value. Not only did they reveal differences between member states regarding agricultural sustainability, but they also captured the areas of utmost attention to particular countries. The countries were classified into four groups based on the synthetic measure. Member states with the highest level of sustainability in the agricultural sector were Austria, Estonia, Belgium and Czechia. Study outcomes also made it possible to identify the indicators with the strongest impact on the four groups of countries. These included the area under organic farming, ammonia emission, pesticide sales, and labour productivity. Due to the differentiation of agriculture in the EU, the member states largely need to undertake measures towards sustainable development in this sector.","PeriodicalId":48174,"journal":{"name":"Sustainable Development","volume":"40 3-4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135221598","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}