Covid-19 impact on financial growth and guidelines for green recovery in BRICS: fresh insights from econometric analysis

Huang, Xiaodong; Chang, Lei

doi:10.1007/s10644-022-09460-x

“…Many studies have used stock price fluctuations to analyze the level of impact of different macroeconomic and non-macroeconomic forces on the tourism industry (Anguera-Torrell et al 2021). Studies suggest that fluctuations in natural resource prices can have a negative impact on economic growth (Huang and Lei 2022). While limited prior literature directly addresses the impact of epidemics or pandemics on financial markets, lessons can be drawn from the experience of natural disasters (Goodell 2020).…”

Section: Literature Review and Developing Hypothesesmentioning

confidence: 99%

Navigating Financial Frontiers in the Tourism Economies of Kosovo and Albania during and beyond COVID-19

Lulaj,

Tase,

Gomes

et al. 2024

JRFM

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The problem addressed in this study is the profound impact of the COVID-19 pandemic on the tourism economies of Kosovo (KOS) and Albania (AL), which led to economic–financial stagnation and price increases. The aim was to analyze the financial frontier challenges facing the tourism industry during COVID-19 and beyond and propose effective strategies for shaping a sustainable future for countries within Europe with great potential for tourism development in the current decade. The survey was conducted in 102 locations, including cities, municipalities, regions, villages, and neighborhoods in both countries over the years 2020–2023, while data analysis was performed using a cluster analysis (K-means and hierarchical) and the multidimensional scaling method (Alscal). The results highlighted (a) the severe impact of COVID-19 on both the population and businesses in the tourism sector, which will persist beyond the pandemic, (b) the indispensable role of government intervention in alleviating the financial crisis, (c) the need for innovative approaches and accurate financial management by both the country and businesses to attract tourists, and (d) the importance of control and management for financial sustainability. This paper is of significant importance to tourism destinations as it provides insights into the severe impact of COVID-19 on both the population and businesses in the tourism economies. By highlighting the indispensable role of government intervention, the need for innovative approaches and accurate financial management, and the importance of control and management for financial sustainability, the study offers valuable guidance for tourism destinations in navigating the current crisis and attracting tourists. Furthermore, the paper emphasizes the need for future studies to explore opportunities for long-term financial resilience and growth, contributing to the development of sustainable tourism destinations.

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“…Balancing economic growth and environmental sustainability has been a key focus in various studies. Sustainable development and socioeconomic growth have been highlighted as being balanced through green economic recovery post-pandemic (Huang & Chang, 2022). Furthermore, sustainable tourism has been approached as an interlinked concept where socioecological sustainability depends on an acceptable balance between pressures and responses in coupled environmental, economic, and socio-cultural domains (Hovelsrud et al, 2021).…”

Section: Socio-economic Implicationsmentioning

confidence: 99%

The Role of Environmental Policies in Shaping Oil and Gas Operations: A Comparative Review of Africa and the Usa

Patrick Oputa Odili,

Cosmas Dominic Daudu,

Adedayo Adefemi

et al. 2024

Eng. sci. technol. j.

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This study conducts a comprehensive comparative analysis of the impact of environmental policies on oil and gas operations in Africa and the United States, shedding light on the regulatory frameworks that govern these crucial industries. As global concerns about climate change and environmental sustainability continue to rise, the role of governmental policies in shaping the practices of oil and gas companies has become a focal point of discussion. The research explores the diverse approaches taken by African nations and the USA in formulating and implementing environmental policies for the oil and gas sector. It investigates the regulatory landscapes, enforcement mechanisms, and the degree of alignment with international environmental standards in each region. The study employs a multidimensional framework, considering economic, social, and environmental dimensions, to assess the effectiveness of these policies in mitigating the environmental impact of oil and gas activities. By conducting a comparative review, the research identifies best practices, challenges, and areas for improvement in both regions. It examines the balance between fostering economic growth through energy production and ensuring sustainable environmental practices. Additionally, the study delves into the socio-economic implications of these policies, evaluating their effects on local communities, employment, and overall well-being. Through the analysis of case studies, regulatory documents, and industry reports, this research contributes to the ongoing dialogue on the role of environmental policies in shaping the oil and gas sector. The findings aim to inform policymakers, industry stakeholders, and environmental advocates about effective strategies for promoting sustainable practices while supporting the energy needs of growing economies. Ultimately, the comparative insights offered by this study contribute to the development of globally applicable guidelines for environmentally responsible oil and gas operations. Keywords: Oil and Gas, Environment, USA, Africa, Review.

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“…Balancing economic growth and environmental sustainability has been a key focus in various studies. Sustainable development and socioeconomic growth have been highlighted as being balanced through green economic recovery post-pandemic (Huang & Chang, 2022). Furthermore, sustainable tourism has been approached as an interlinked concept where socio-ecological sustainability depends on an acceptable balance between pressures and responses in coupled environmental, economic, and socio-cultural domains (Hovelsrud et al, 2021).…”

Section: Socio-economic Implicationsmentioning

confidence: 99%

The role of environmental policies in shaping oil and gas operations: A comparative review of Africa and the USA

Oladipo Olugbenga Adekoya,

Cosmas Dominic Daudu,

Chinelo Emilia Okoli

et al. 2024

Int. J. Sci. Res. Arch.

0

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This study conducts a comprehensive comparative analysis of the impact of environmental policies on oil and gas operations in Africa and the United States, shedding light on the regulatory frameworks that govern these crucial industries. As global concerns about climate change and environmental sustainability continue to rise, the role of governmental policies in shaping the practices of oil and gas companies has become a focal point of discussion. The research explores the diverse approaches taken by African nations and the USA in formulating and implementing environmental policies for the oil and gas sector. It investigates the regulatory landscapes, enforcement mechanisms, and the degree of alignment with international environmental standards in each region. The study employs a multidimensional framework, considering economic, social, and environmental dimensions, to assess the effectiveness of these policies in mitigating the environmental impact of oil and gas activities. By conducting a comparative review, the research identifies best practices, challenges, and areas for improvement in both regions. It examines the balance between fostering economic growth through energy production and ensuring sustainable environmental practices. Additionally, the study delves into the socio-economic implications of these policies, evaluating their effects on local communities, employment, and overall well-being. Through the analysis of case studies, regulatory documents, and industry reports, this research contributes to the ongoing dialogue on the role of environmental policies in shaping the oil and gas sector. The findings aim to inform policymakers, industry stakeholders, and environmental advocates about effective strategies for promoting sustainable practices while supporting the energy needs of growing economies. Ultimately, the comparative insights offered by this study contribute to the development of globally applicable guidelines for environmentally responsible oil and gas operations.

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Covid-19 impact on financial growth and guidelines for green recovery in BRICS: fresh insights from econometric analysis

Cited by 4 publications

References 36 publications

Navigating Financial Frontiers in the Tourism Economies of Kosovo and Albania during and beyond COVID-19

Navigating Financial Frontiers in the Tourism Economies of Kosovo and Albania during and beyond COVID-19

The Role of Environmental Policies in Shaping Oil and Gas Operations: A Comparative Review of Africa and the Usa

The role of environmental policies in shaping oil and gas operations: A comparative review of Africa and the USA

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