Purpose Social development is the ultimate goal of every nation, and climate change is a major stumbling block. Climate Risk Index has documented several climate change events with their devastations in terms of lives lost and economic cost. This study aims to link the climate change and renewable energy with the social progress of extreme climate affected countries. Design/methodology/approach This research used the top 50 most climate-affected countries of the decade and estimated the impact of climate risk on social progress with moderation effects of renewable energy and technology. Several competing panel data models such as quantile regression, bootstrap quantile regression and feasible generalized least square are used to generate robust estimates. Findings The results confirm that climate hazards obstruct socioeconomic progress, but renewable energy and technology can help to mitigate the repercussion. Moreover, improved institutions enhance the social progress of nations. Research limitations/implications Government should improve the institutional quality that enhances their performance in terms of Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption to increase social progress. In addition, society should use renewable energy instead of fossil fuels to avoid environmental degradation and health hazards. Innovation and technology also play an important role in social progress and living standards, so there should be free hand to private business research and development, encouraging research institutes and universities to come forward for innovation and research. Practical implications The ultimate goal of all human struggle is to have progress that facilitates human beings to uplift their living standard. One of the best measures that can tell us about a nation’s progress is Social Progress Index (SPI), and one of many factors that can abruptly change it is the climate; so this study is an attempt to link the relationship among these variables and also discuss the situation where the impact of climate can be reduced. Social implications Although social progress is an important concept of today’s economics discussion, relatively few studies are using the SPI to measure social well-being. Similarly, there is consensus about the impact of climate on people, government and crops but relatively less study about its overall impact on social progress, so this study attempts to fill the gap about the relationship between social progress and climate change. Originality/value The main contribution of this study is the solution for the impact of climate risk. Climate risk is not in human control, and we cannot eliminate it, but we can reduce the negative impacts of climate change. Moderator impact of renewable energy decreases the negative impact of climate change, so there is a need to use more renewable energy to mitigate the bad consequences of climate on social progress. Another moderator is technology; using technology will also mitigate the negative consequences of the climate, so there is a need to facilitate technological advancement.
China Pakistan Economic Corridor (CPEC) is a plan to kick start practical cooperation between China and Pakistan, as well as support China and the rest of West Central, which is expected to propel Pakistan's and China's already strong relationship to new heights. Hope for economic transformation and assistance in overcoming Pakistan's power shortage. The strategic significance of CPEC must be described and studied from various historical, economic, cultural, and political perspectives. As it aims to construct a network of roads, highways, and railways from Khunjerab, Pakistan's border with China to Gwadar. So, this initiative presents a significant opportunity for Pakistan's economic growth. Because of its depth, Gwadar is an important port. This article emphasizes the economic status of Pakistan influenced by CPEC, the effect of its infrastructure on GDP growth, Impact on trade and the revenue generated. Moreover, the effect of CPEC on the social and environmental aspects is also explained.
Poverty exists without any face; it is a multifaceted and complex phenomenon. Poverty and famines existed before human civilization and culture. Human culture existed 0.07 million years ago, and civilization began 6000 years ago. In a modern civilized society, ‘first famine in human history occurred in 1708 B.C. From 1708 BC to 1878 AD, 350 famines occurred in various spheres of the world. The Encyclopedia Britannica listed 31 main famines from prehistoric to the 1960s. The sub-continent has also faced eleven severe famines from 1769-70 to 1943, and about 40.9 million people have died due to these famines. Similarly, more than 2 billion people live below the poverty line. Besides, China left 800 million people due to ‘Open Door Policy’. Now she is changing the world's shape through BRI. Africa is a complex and perplexing region of the world. Because, Africa is facing all the root problems of the world, i.e., poverty, massive unemployment and income inequality, mono-culture political economy, border disputes, intra-state wars, and ethnic and lingual clashes. In the land of Africa, the first famine was recorded 2273 years ago in Ethiopia’. About 2,582 languages[i] and 1,382 dialects are found on the African continent. From 1945 to 1999, humanity faced 25 interstate wars, most of which occurred in Africa. Therefore, 127 civil wars happened among 73 states in the same era, and 16.2 million people died. The Export and Import Bank of China will spend 1US$ trillion on the African continent in 2025. [i] Language which is speaking in Africa, Arabic (170 million) English (130 million), Swahili (100), French (115), Berber (50), Hausa (50), Portuguese (20) and Spanish (10) (Spolsky, 2018)
This study attempts to explain the factors of satisfaction in the patient's perspective from the private healthcare sector of Lahore. The data was collected from in-patients of eight major hospitals in Lahore city of Pakistan. The study distributed 450 questionnaires among patients of different hospitals for data collection and received 322 fully filled questionnaires for data analysis. The study applied different statistical tools to analyze the data. The findings show that among all six variables, physical facility is the most influential predictor of patient satisfaction in the private healthcare sector of Lahore. The analysis further explored that all hypotheses of the study are proved to be true and significant.
This study has chosen top three economies of the world to explore the relationship between energy consumption and economic growth by using annual data from 1985-2020. The results of ARDL approach shows that energy has a positive and significant impact on the economic growth of USA, China and Japan. Japan is the largest beneficiary in the short run as well in the long run, followed by USA and China.
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