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.     

Environmental pollution,hydropower and nuclear energy generation before and after catastrophe: Bathtub-Weibull curve and MS-VECM methods

In this paper, the life span of hydro and nuclear energy generations and the relationship between hydro and nuclear energy generations, environmental pollution, and economic growth were investigated for Japan covering the period of 1960–2018 by employing the Bathtub-Weibull curve and Markov switching-vector error correcting (MSVEC) method, respectively. According to the Bathtub-Weibull curve analysis, a rising failure rate for nuclear energy was found, indicating that the life of nuclear energy has expired, but a decreasing failure rate for hydroelectric energy has been detected. Then two different MSVEC models were used. The MSVEC method, unlike traditional approaches, determines the relationship between variables under different regimes. The results of MSVEC methods indicate three important points. First, regime-dependent asymmetry and regime changes are crucial for policy recommendations. Second, the shocks to hydropower and nuclear energy generations cause temporary deviations from the long-run growth path in both regimes. Lastly, the increase in hydropower generation leads to a decrease in environmental pollution and an increase in GDP, and an increase in nuclear power generation increases pollution and growth in both regimes.     

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.     

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.     

碳汇造林项目促进了当地经济发展吗?--基于四川县域面板数据的PSM-DID实证研究

林业是重要的碳汇资源,在减缓全球气候变化、改善自然生态环境、促进经济可持续发展等方面有着至关重要的作用。作为林业碳汇的重要实现形式,碳汇造林项目兼具生态保护、促进经济发展与贫困减缓等重要功能,其实施成效究竟如何需要进一步验证。为此,本文从理论上分析了碳汇造林项目对县域经济发展的影响机理,利用2000—2016年四川47个县域的面板数据,采用PSM-DID模型估计了碳汇造林项目对县域经济发展的平均效应和动态效应,并对其影响机理进行了验证。结果显示:①碳汇造林项目的实施显著地促进了地区实际GDP和人均实际GDP的增长,这一结论在进行稳健性检验后依然成立;②囿于项目周期较长,此促进作用在短期内尚不能立竿见影,具有明显的滞后效应,且实施的时间越长,对当地经济发展的促进作用越大;③碳汇造林项目主要通过优化当地产业结构、提高居民储蓄率、提升地区政府财政收支水平等途径促进当地经济发展。因此,为更好地发挥碳汇造林项目对县域经济发展的促进作用,应继续拓展碳汇造林项目的覆盖区域,加大专项投资力度,引导碳汇造林项目向生态脆弱的深度贫困地区倾斜;在更加注重碳汇造林项目的长期效应的同时,应建立完善项目运行的长效稳定机制,防范潜在的自然与市场风险,保障项目对地区经济发展的长期驱动力;加快改善地区的融资环境,鼓励居民和企业将储蓄和融资能力有效转化为投资能力,充分依托碳汇造林项目促进当地经济可持续发展。     

平板显示器回收的新挑战

显示屏（监视器和电视机）经历了从阴极射线管到平板显示器技术的快速变化。截至目前为止,只有少量的平板显示器已记录在废物收集点。平板显示器的数量越来越多,在未来需要足够的用于回收的基础设施。本文旨在通过液晶显示屏幕的回收对经济影响的案例研究来提供数量、成分、回收利用技术和经验的基本数据。对于组件和材料也适用于其他类型的电子产品,如黑色金属和有色金属,印刷电路板或电缆,回收途径和技术是众所周知的和可用的。目前,液晶显示器（LCD）在欧洲不回收。处置时,例如,通过焚烧,有价值的材料,其成分是不再可用。例如：铟具有重要战略意义的应用,如,太阳能光伏作为一种稀缺资源。液晶显示器在欧洲具有回收基础设施,因此是有用的。     

基于农村信用体系建设的涉农经济组织和农户信用提升研究

我国涉农经济组织和农户的信用存在一些难以规避的缺陷,导致农业贷款难的困境。本文从涉农经济组织和农户信用道德建设,信用制度与法律建设,产权制度,信用环境,信用标准及信用等级评定,信用组织创新,征信和信用担保中介服务市场,农村信用管理等八个方面阐述了农村信用体系建设的基本思路,并讨论了涉农经济组织和农户的信用提升问题。     

长治市社会经济发展与环境质量变化相关趋势分析

系统阐述了长治市的社会经济发展及主要环境污染指标的变化趋势,利用库兹涅茨曲线对二者相互关系进行了相关性分析。     

应用后续确定性问题校正条件价值评估——以福建省鼓山风景名胜区非使用价值评估为例

条件价值(CV)法是评估环境与资源价值的重要手段,后续确定性问题可有效便捷地提高CV结果的有效性。应用10刻度量化表式后续确定性问题对鼓山风景名胜区非使用价值CV评估结果进行校正。问卷采用双边界二分式,面对面调查获得518份有效调查问卷。结果显示:具有正支付意愿的受访者,其付费加入"鼓山保护协会"的确定度呈正态分布,确定度的平均值为6.72;确定度与受访者的收入、受访者对鼓山的熟悉程度呈显著正相关;受访者对起始投标值敏感。当确定度门槛值取7或8时,正支付率从51.5%分别下降至27.8%或23.3%,而平均支付意愿分别从33.24元下降至19.74元或16.36元,采用后续确定性问题校正后CV结果下降了一半左右。     

基于分解模型与VEC模型的沈阳经济区经济与环境时空关系研究

选择GDP、工业废水排放量、工业废气排放量、工业废物产生量4个指标,从横向的空间作用关系及纵向的时间作用关系对沈阳经济区经济增长与环境演化关系进行了动态综合分析.对于空间作用关系,采用完全分解模型,利用沈阳经济区内8个城市的面板数据,将经济与环境关系分解为经济规模效应、空间结构效应和技术效应,判定了由于经济增长造成的工业废物排放的增减变化而带来的区域环境压力扰动程度.对于时间作用关系,选择协整与向量误差修正模型(VEC),依次对指标序列进行了单位根检验、VAR估计、Johansen协整检验及向量自回归的VEC修正,进而对沈阳经济区经济与环境指标前期与当期作用关系进行了长期修正与短期校正.结果表明:对于工业废物排放,技术效应发挥了最突出的减量作用,经济效应的增量效应凸显,而空间结构效应的作用不明显;GDP与工业废水排放量、工业废气排放量、工业废物产生量之间的作用关系均经历了由波动到平稳的过程,但在研究期内GDP与工业废水排放之间的稳定性相对较弱,保持GDP与工业废气排放、工业废物产生各自的均衡关系,对各变量的优化有促进作用,而保持GDP与工业废水排放的均衡关系,则对各变量的优化有抑制作用.