Testing the heterogeneous effect of air transport intensity on CO2 emissions in G20 countries: An advanced empirical analysis

Analyzing asymmetric ecological performance under structural change, technological innovation, and trade diversification: fresh insights from the USA

The present research scrutinizes the influences of trade diversification, air transportation, technological innovation, and economic complexity on ecological footprint from 1990 to 2019. The findings of the both time series unit root (with and without structural break) tests confirm that none of a single variable is stationary more than the first difference. Furthermore, the Wald and nonlinear autoregressive distributed lag bound methods check asymmetry and long-term cointegration relationship between the intended variables, respectively. Moreover, this study uses the nonlinear autoregressive distributed lag model to estimate the short-run and long-run coefficients/elasticity of the ecological footprint function. Following the empirical evidence, the findings revealed that positive (negative) components in trade diversification curtail the ecological footprint in the long-run. In addition, a positive shock in air transportation leads to an increase in ecological footprint in the long-run. Nevertheless, a negative shock in air transportation exerts a significant and adverse influence on the level of ecological footprint in the long-run. Furthermore, a positive (negative) shock in technological developments significantly reduces environmental pollution in the US economy in the long-run. Besides, the outcomes from economic complexity discovered a positive shock will significantly overcome the pressure on the environment in the long-run. However, in the short-run, it is observed that negative shock in trade diversification will lead to increase the ecological footprint level in USA. Similarly, a positive shock in air transportation will lead to increase the pollution level in the short-run. In contrast, a negative shock in air transportation will lead to reduce the pressure on the environment in the short-run. Besides, in terms of policy realization, the present research recommends adopting trade synchronization, harmonic trade strategies, and investment in technological innovations to diminish the existing level of ecological footprint in the region. For sustainable development, this study put forward for instantaneously encouraging the expansion of the digital economy and reducing air pollution, accelerating the green transformation, and impelling the industrial agglomeration process in the USA.

Impact of technological innovation and renewable energy on ecological footprint in G20 countries: The moderating role of institutional quality

The connection between ecological footprint and economic complexity has significant implications for environmental sustainability regarding the policy. Additionally, institutional quality is crucial in ensuring environmental sustainability and moderating the link between economic complexity and ecological footprint. The task of achieving sustainable environmental development and preventing further degradation of the environment poses a formidable challenge to policymakers. This study delves into the significance of technology innovation and renewable energy in creating a more sustainable environment. Recognizing the need for a more critical review, this research establishes the dynamic linkage between ecological footprint, renewable energy consumption, and technological innovation, especially in conjunction with a moderating component, particularly institutional quality, in G20 countries from 1990 to 2021. We employ advanced panel approaches to address panel data analysis concerns, such as cross-sectional dependence, slope heterogeneity, unit root, cointegration test and CS-ARDL. The long-term estimator indicates that renewable energy and technological innovation negatively but significantly impact the ecological footprint. Whilst economic growth, FDI, and urbanization have shown a positive and significant impact on ecological footprint; institutional quality negatively moderates the relationship between ecological footprint, renewable energy, and technological innovation in the G20 countries. Further evidence from the Dumitrescu-Hurlin Granger causality test shows that efforts to expand access to renewable energy, technological advancements, and economic growth will significantly affect environmental impacts. Based on our results, it is imperative to introduce more favorable legislation and encourage technological advancements in the field of renewable energy if we want to achieve our sustainable development objectives.

Assessing environmental sustainability in top Middle East travel destinations: insights on the multifaceted roles of air transport amidst other energy indicators

The Middle Eastern region is well-known for its flourishing tourism industry as the aviation sector contributes over US$213 billion to the regional GDP while air transport-related activities account for over 3.3 million jobs. Howbeit, the environmental impacts of this flourishing industry remain questionable. Hence, this study examines the tourism-emissions nexus in the Middle Eastern region from the perspective of air transportation while underscoring the multifaceted roles of major indicators like globalization, income, and energy use in the region. The empirical analysis of data spanning from 1975 to 2018 was conducted with advanced panel data analytical approach using the CS-ARDL technique. The sample selection was guided by available statistics on international tourist arrivals from the United Nations World Tourism Organization (UNWTO 2020), with a focus on the case of the five leading travel destinations in the region including Saudi Arabia, the United Arab Emirates (UAE), Egypt, Oman, and Qatar. The robustness of the evaluated outputs was checked after which result-based policy suggestions were enunciated for authorities and other regional stakeholders. The analysis indicated that air transportation although boosting tourism has constituted significant detrimental environmental impacts on the reviewed destinations with an estimated long-run elasticity of ∼1.03. Additionally, while the trio of globalization, energy utilization, and income expansion exacerbate environmental degradation, the lowest carbon-triggering magnitude was observed from the regional income expansion. Thus, while the aviation sector facilitates the growing quest to diversify from a primary sector-based economy (mainly resources exploitation) to other prospective service industries like tourism, the study posits the need for authorities to put measures in place to address the environmental side effect of air transportation.

The nexus between indicators for sustainable transportation: a systematic literature review

The relationship between indicators for sustainable transportation is a pressing issue that has argued the attention of policymakers, engineers, and academics. The transportation sector plays a crucial role in economic growth, while also having significant environmental consequences. This systematic literature review offers a comprehensive overview of the different research methodologies utilized to estimate the interrelationships between the transport sector, environmental degradation, and economic growth. Our study analyzed 977 citations sourced from Web of Science and SCOPUS, spanning the years 2010 to June 2022. The PRISMA methodology was employed for organizing and identifying articles. After a thorough evaluation, 52 published articles from 25 international journals were selected for further examination. Our findings show that researchers have used a variety of modeling approaches to shed light on this complex issue, with multivariate co-integration techniques, decomposition analysis, and the generalized method of moments being among the most widely used methods in recent years. This review provides perspectives to policymakers and decision-makers, enabling them to create effective energy and environmental strategies for a long-term, sustainable transportation future.

Exploring renewable energy, financial development, environmental quality, and economic growth nexus: new evidence from composite indices for environmental quality and financial development

The association between trade, financial development, consumption of renewable energy, environmental quality, foreign direct investment, and economic growth is important for sustainable growth and environmental strategies. Hence, this research unveils this association in selected low- and high-income economies from 1996 to 2020. Unlike most of the previous literature, this study uses a composite environmental quality index, a composite financial development index, and a composite trade share measure to better represent environmental quality, financial development, and trade openness, respectively. The Continuously Updated Fully Modified and Continuously Updated Bias Corrected estimators along with the Dumitrescu Hurlin causality method are utilized to scrutinize the nature of the linkage between the modeled variables. The long-run estimation provided that consumption of renewable energy and environmental quality augment economic growth in high-income nations, while both these variables do not contribute to the economic growth in low-income countries. Financial development upsurges economic growth in high- as well as low-income nations. Interestingly, trade openness boosts economic growth in high-income countries, while in low-income countries, it obstructs economic growth. In causal linkage, the conservation hypothesis for low-income countries and the feedback hypothesis for high-income countries are confirmed in the context of consumption of renewable energy and economic growth association. The supply-leading hypothesis for low-income countries and the feedback hypothesis for high-income countries are supported regarding the financial development-economic growth nexus. Moreover, one-way causality from growth to environmental quality and bidirectional causality between environmental quality and economic growth for low- and high-income countries are established, respectively. Lastly, exhaustive environmental and economic policies are directed.

Transportation, Environmental Degradation, and Health Dynamics in the United States and China: Evidence From Bootstrap ARDL With a Fourier Function

Transportation and environmental degradation, with indirect and direct effects, play a significant role in determining the health of a nation's citizens. This study uses bootstrap ARDL with a Fourier function to examine transportation, environmental degradation, and health dynamics in the United States and China. In the long run, the results support the cointegration relationship between transportation, environmental degradation, and health in both countries. The results show the contingency of the causality where a negative impact of transportation on environmental degradation exists in the United States while a positive impact exists in China. The effect of environmental degradation on health is negative in the United States while a positive effect exists in China. Regarding the causal direction between the variables of interest, the implications provide policymakers in developing strategy and policy for sustainable development.