Institutional quality,financial development and sustainable economic growth among lower income countries

This article postulates strong endogenous relationships in lower income countries between institutional quality, financial development and sustained economic growth. These associations were investigated using the vector-error correction model (VECM) and Granger causality method for a sample of 79 countries from 2005 to 2022. The findings show that (1) these variables reinforce each other in the short run. (2) In the long run, both institutional quality and financial development can fuel economic growth. (3) The positive effect of institutional quality on economic growth is greater than that of financial development. Policy implications of these findings are that careful attention should be paid to co-development policies to enhance the institutional quality and the financial system in these economies. Policies should also consider economic growth strategies to enable sustainable economic growth rates.     

可达性视角下东北地区城市群的高铁效应

利用2004—2015年列车实际运营数据,构建广义加权旅行时间模型,探究我国东北地区城市群可达性的空间分布特征。结果表明:①高铁开通后,东北地区城市群的可达性水平有较大程度的提高,地级市较为明显;空间上,提高较为明显的区域集中在铁路沿线以及辽中南城市群的部分城市。②高铁对东北地区第三产业集聚现象并不明显。③城市可达性水平的提高可以促进东北地区城市群经济增长,高铁的开通对于地区经济增长具有溢出效应。     

Long-run dynamics of renewable energy consumption on carbon emissions and economic growth in the European union

This paper examines long-run and short-run dynamics of renewable energy consumption on carbon dioxide (CO₂) emissions and economic growth in the European Union. This study employs cointegration tests, Granger causality tests and vector error correction estimates to examine the direction of Granger causality, the long-run dynamics of economic growth and energy variables on carbon emissions. This study analyses time series data from the World Development Indicators over the period from1961 to 2012. The results of this study support a link between renewable energy consumption, economic growth, industrialization, exports and CO₂ emissions in the long-run and short-run. The results support that the sign of the long-run dynamics from the endogenous variables to the CO₂ emissions variable is negative and significant, which implies that the energy and environmental policies of the European Union aimed at curbing CO₂ emissions must have been effective in the long-term. Furthermore, renewable energy consumption and exports have significant negative impact on CO₂ emissions in the short-run. However, industrialization and economic growth have positive impact on CO₂ emissions in the short-run. The results suggest that both economic growth and industrialization must have been achieved at the cost of harming the environment. The finding suggests that the increasing consumption of renewable energy tends to play an important role in curbing carbon emissions in the region.     

A multi-objective design optimisation of eco-friendly aircraft: the impact of noise fees on airplanes sustainable development

The current work deals with multi-objective optimisations including financial merit factors in the multi-disciplinary conceptual design of a commercial aircraft with a specific focus on noise social cost. The results of optimisations using financial and performance-oriented objective functions have been analysed and combined in a multi-objective optimisation problem using a three-dimensional objective vector. The main novelty of the present work is the analysis of social cost noise fees effectiveness integrated in financial models embracing a wider group of stakeholders’ interests. The foundations of this research lie on the air traffic increase envisaged in the next decades and the contextual growth of the urban areas nearby airport facilities. This scenario requires the aeronautical industry to handle the environment challenge taking into account all the social and economic effects. Indeed, the consolidated technology has approached a saturation point, therefore breakthrough concepts and configurations are mandatory. This matter is addressed as a highly multi-disciplinary problem within conceptual design framework. The financial model proposed is shown to highlight the need of appropriate noise fees as instruments to push all stakeholders towards a technology radical renewal and encourage the aeronautical industry towards a shared strategy in the development of an eco-friendly commercial aviation system.     

Community participation in cultural heritage and environmental policy formulation in Botswana

Cultural heritage does not have direct economic benefits. However, if properly managed it can stimulate social cohesions, improving the environment and have beneficial economic spin offs for the local communities. This paper discusses the role of communities in the formulation of the policies concerning their local environment. It argues that community engagement by policy makers is important in giving legitimacy and ownership of the policies. Furthermore, this paper discusses the potential of cultural heritage in diversifying the economy in Botswana. This paper recommends for the re-assessment of the relationship between the state and local communities which is critical in resuscitating the seemingly ailing community business organizations. In conclusion, it argues for the sustainable management of cultural heritage as a social and economic resource in the next 50 years of Botswana’s independence.     

Perceived importance of sustainability dimensions in the Portuguese metal industry

The growing interest of stakeholders regarding the contribution of organizations to Sustainable Development is influencing organizational behavior and strategic planning. The purpose of the present paper is to analyze the perception of the importance of organizational sustainability dimensions in a relevant economic sector: the metal industry. Survey data was collected from a sample of 211 Portuguese industries, and non-parametric statistical tests were used to validate five research hypotheses regarding the importance of the economic, environmental, social and cultural dimensions of sustainability. The results obtained demonstrate awareness of the sampled industries regarding all sustainability dimensions, recognizing that their importance has been increasing over the years, and prospecting that this importance will continue to increase in the future. The industries in this sample revealed different degrees of perceived importance for the different sustainability dimensions: the highest importance was given to the economic dimension, and culture was considered the least important sustainability dimension. However, the perception of the respondents is that these differences will be less relevant in the future. The results also show that companies with certified management systems reveal a higher perceived importance regarding sustainability dimensions. Also, industries with higher values of annual turnover, number of employees and export sales tend to give higher degrees of importance to sustainability dimensions. Considering the economic, environmental and social impacts of metal industries at an international level, the awareness of this industrial sector regarding the importance of sustainability is a relevant step to the commitment towards Sustainable Development.     

中国城市空气污染对人口流动的推拉效应研究

传统城市发展理论认为,空气污染会导致人口流出。然而,本文以城市雾霾数据为例,分类别构建固定效应模型后发现,空气污染会促进百强城市的人口净流入(形成拉力效应),非百强城市的人口净流出(形成推力效应)。拉力效应与传统的城市发展理论不符。本文认为,当城市间收入差距过大时,流入居民会形成高水平的收入预期,促使其愿意承受更严重的空气污染,该预期可量化为空气污染的拉力效应。据此进一步研究收入水平对推拉效应的调节作用发现,随着收入水平上升,其能放大百强城市的拉力效应和非百强城市的推力效应,即进一步促进百强城市的人口净流入和非百强城市的人口净流出。在此基础上,本文对百强城市和非百强城市分别提出政策建议,以期能为我国区域协调发展、城镇化科学转型提供理论支持。     

生态缺水条件下流域生态经济系统安全性分析

生态用水和社会经济用水的竞争状况使得研究水资源短缺地区的流域生态经济系统安全状况、有效进行生态缺水条件下流域生态经济系统的调控十分必要.从宏观角度出发,首先分析了流域生态经济系统演化的机制和影响因素,在此基础上,通过建立指标体系,提出了构建流域主要指标为状态变量的生态经济系统演化模型,并利用模型进行系统安全性分析.以潮白河流域为例,构建了人口数量、人均GDP、生态系统指数以及生态用水比例为状态变量的生态经济系统演化模型.模型模拟结果表明,如果不加以调控,该流域将无法提供生态经济系统的安全保障.提出了提高生态用水比例、控制经济增长速度和积极进行生态建设、控制水土流失的对策,为实现潮白河流域的生态经济系统安全保障服务.     

中国经济增长对碳排放的影响分析

通过相关分析探讨了中国国内生产总值(GDP)的增长与碳排放量的关系.结果表明,二者有明显的相关性(R2＝0.958 1).进一步研究认为,由于中国投资率在35%～40%以上,且工业增加值占GDP的比重超过50%,因此中国过分依赖投资的经济增长方式和以第二产业(工业)为主的经济结构在很大程度上是导致温室气体排放量增加的主要原因.未来在全球化背景下,经济增长可转变为更多地依靠科技创新、技术进步和制度的改进,因此,调整经济增长方式和产业结构,可以在保持发展经济的同时,使碳排放强度呈逐渐下降的趋势.     

Cybersecurity and dynamic operation in practice: Equipment impacts and safety guarantees

Though dynamic operation of chemical processes has been extensively explored theoretically in contexts such as economic model predictive control or even considering the potential for cyberattacks on control systems creating non-standard operating policies, important practical questions remain regarding dynamic operation. In this work, we look at two of these with particular relevance to process safety: (1) evaluating dynamic operating policies with respect to process equipment fidelity and (2) evaluating procedures for determining the parameters of an advanced control law that can promote both dynamic operation as well as safety if appropriately designed. Regarding the first topic, we utilize computational fluid dynamics and finite element analysis simulations to analyze how cyberattacks on control systems could impact a metric for stress in equipment (maximum Von Mises stress) over time. Subsequently, we develop reduced-order models showing how both a process variable and maximum Von Mises stress vary over time in response to temperature variations at the boundary of the equipment, to use in evaluating how advanced control frameworks might impact and consider the stress. We close by investigating options for obtaining parameters of an economic model predictive control design that would need to meet a variety of theoretical requirements for safety guarantees to hold. This provides insights on practical safety aspects of control theory, and also indicates relationships between control and design from a safety perspective that highlight further relationships between design and control under dynamic operation to deepen perspectives from the computational fluid dynamics and finite element analysis discussions.