The interaction between environment and individual personality determines career. Over the past decades, the role of personality traits in explaining entrepreneurship cannot get much attention of researchers. To fill this gap, this study aims to investigate the effect of personality traits (extraversion, openness to experience, conscientiousness, neuroticism, and agreeableness) on the entrepreneurial intentions (EI) along with the mediating role of financial risk taking (FRT). Sample size consists of 500 students of business and management of different universities of Pakistan, out of which 466 useable questionnaires were collected and analyzed. The results of the study are consistent with conventional wisdom as explored by past studies. In line with past studies and proposed hypothesis, we found that both extraversion and openness to experience have a positive association with FRT, whereas neuroticism, conscientiousness, and agreeableness have negative association with FRT. The results also revealed that there is positive association between FRT and EI; however, FRT did not mediate the relationship between agreeableness and EI.
Southeast Asian countries have seen substantial economic growth over the years, but they have not been able to maintain environmental quality at the same time. Non-renewable sources constitute a significant proportion of energy consumption in the ASEAN which can have repercussions for long-term sustainable development. While the impacts of energy consumption and economic growth on environmental quality have been studied before, literature is quiet about the nexus between globalization, renewable and non-renewable energy, economic growth, and CO2 emissions in the ASEAN context. To fill in this gap in the literature, the present study estimates the effect of globalization, economic growth, and renewable and non-renewable energy on CO2 emission under the umbrella of the EKC hypothesis over the 1995 to 2020 period. Due to the presence of cross-sectional dependence and heterogeneity of slope parameters, second-generation techniques of co-integration, unit root, and long and short-run estimations are used. According to the findings of CS-ARDL estimation, non-renewable energy and globalization contribute to environmental deterioration, whereas renewable energy has a positive contribution to environmental quality improvement in ASEAN countries. Moreover, the findings prove the validation of the EKC hypothesis in the selected economies. The study concludes that the region is developing at the expense of environmental quality while also pursuing enormous globalization initiatives. The policy implications and directions of the findings for sustainable development are discussed.
The present study estimates the impact of natural resources, eco-innovations and economic growth on CO2 emissions in Pakistan over 1990-2019 period. For empirical estimation, Vector Autoregressive Model (VAR) and Granger Causality Analysis, Variance Decomposition Analysis and Impulse Response Function are applied after checking the stationarity properties and long run cointegration among the variables. According to the empirical findings, natural resources have significant positive impact, whereas eco-innovations have negative impact on CO2 emission in Pakistan. Bi-directional causal association is present between CO2 and eco-innovations, and CO2 and economic growth, but no causal association is present between natural resources and CO2 emission. In addition, Variance Decomposition Analysis and Impulse Response Function show the forecasted effects of natural resources, eco-innovations and economic growth on future CO2 emissions. The findings are robust to various policy recommendations. The study recommends the policymakers and the government to implement strict regulations to curb the over utilization of natural resources. Government should also start new businesses and research and development programs in collaboration with private sector to promote eco-friendly technologies that will help in mitigation of environmental pollution in Pakistan.
There is ongoing discussion about the use of information and communication technologies (ICT) to promote sustainable development. While one side fiercely advocates using ICT technologies to drive and carry out sustainable development, others passionately struggle to highlight their many drawbacks. The present study adds to ongoing discussion by estimating the effect of ICT on sustainable development in G-7 economies over 1995-2020 period, which is an unreached area in the literature. The study also holds its novelty by considering Adjusted Net Savings (ANS) for measurement of sustainable development. As cross sectional dependence (CSD) and slope heterogeneity are present in data, second-generation panel estimation technique Cross sectional Augmented Distributed Lag Model (CS-ARDL) is used for the long run and the short run estimation. The findings assert that ICT technologies have positive effect on sustainable development in G-7 countries. In addition, the study also finds the positive contribution of renewable energy and negative contribution on non-renewable energy in sustainable development of the selected countries. The study recommends the governments to adopt effective policies to implement and improve infrastructure quality in terms of digital technologies to achieve sustainable development in selected economies.
Tourism is influenced by a wide range of factors and forces including exogenous ones that have no direct link to the tourism industry. Terrorism and natural disasters are two examples of such factors. Individuals, organizations and culture, all are affected by them. This study analyzes the impact of natural disasters and terrorism on tourism growth by using a panel data for the period 1995-2019 collected from a variety of sources. Tourism is the dependent variable whereas natural disasters, terrorism are independent and economic growth, tourism employment, tourism investment and alcohol consumption are the control variables of the study. This study used pooled mean group and robust least square estimation. The findings show that natural disasters and terrorism have varying degrees of impact on tourism growth. While there is a positive outcome in some situations, the overall influence is negative. Findings of the study suggest that understanding the relationship between natural disasters, terrorism, and tourism is beneficial to destination operators who are responsible for rehabilitation, restoration, and promotion.
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