The role of eco-innovation and globalization towards carbon neutrality in the USA

203

The empirical research investigated the relationship between tourism development and environmental suitability to propose a framework for sustainable ecotourism. The framework suggested a balance between business and environmental interests in maintaining an ecological system with the moderating help of government support and policy interventions. The study population encompasses tourism stakeholders, including tourists, representatives from local communities, members of civil administration, hoteliers, and tour operators serving the areas. A total of 650 questionnaires were distributed to respondents, along with a brief description of key study variables to develop a better understanding. After verifying the instrument's reliability and validity, data analysis was conducted via hierarchical regression. The study findings revealed that a substantial number of people perceive socio-economic benefits, including employment and business openings, infrastructure development from tourism development, and growth. However, the state of the natural and environmental capital was found to be gradually degrading. Alongside the social environment, social vulnerability is reported due to the overutilization of land, intrusion from external cultures, and pollution in air and water due to traffic congestion, accumulation of solid waste, sewage, and carbon emissions. The study suggested a model framework for the development of sustained ecotourism, including supportive government policy interventions to ensure effective conservation of environmental and natural resources without compromising the economic viability and social well-beings of the locals. Furthermore, the variables and the constructs researched can be replicated to other destinations to seek valuable inputs for sustainable destination management elsewhere.

Section: Environment and Sustainability Of Ecosystemmentioning

confidence: 90%

Section: Introductionmentioning

confidence: 99%

Impact of tourism development upon environmental sustainability: a suggested framework for sustainable ecotourism

Baloch

Shah

Iqbal

et al. 2022

203

“…Many empirical studies analyze the determinants of environmental quality (Cetin 2016 ; Cetin et al 2018a ; Chien et al 2021a , 2022 ; Sun et al 2021 , 2022 ; Farooq et al 2021 ; Anwar et al 2021a , b , 2022a , b ; Habiba et al 2022 ; Çetin et al 2022 ; Liu et al 2022 ). Recent studies have focused on various determinants of environmental quality such as renewable energy (Sharif et al 2020 ), tourism (Wangzhou et al 2022 ), natural resources (Safdar et al 2022 ), political instability (Sohail et al 2022 ), globalization (Karaduman 2022 ), income inequality (Ozturk et al 2021 ), insurance sector (Li et al 2022 ), agriculture sector (Çetin et al 2020 ), information and communication technology (Chien et al 2021b ), urbanization (Cetin et al 2018b ).…”

Section: Empirical Literature Summarymentioning

confidence: 99%

Environmental quality and health expenditures efficiency in Türkiye: the role of natural resources

Saygın

Demir

Karaduman

et al. 2022

The environmental pollution caused by climate change and global warming pose significant risks to health. This raises the question how environmental disturbances can affect health expenditures. Based on this, this study examines the asymmetric effect of environmental quality on health expenditures in Türkiye using the non-linear ARDL (NARDL) model for the 1975–2019 period. In addition to environmental quality, natural resources, economic growth, and trade openness variables are also included in the health expenditure model. The findings support the existence of an asymmetric cointegration relationship between the series. The findings also indicate that positive environmental pollution shocks affect health expenditures positively in the long run, while negative environmental pollution shocks do not have a statistically significant effect on health expenditures. Positive and negative natural resource shocks affect health expenditures negatively in the long run. Despite the effect of positive economic growth shocks on health expenditures is positive but statistically insignificant, the effect of negative economic growth shocks is positive and significant. Besides, positive trade openness shocks have a negative effect on health expenditures and negative trade openness shocks have a positive effect. The findings prove that the steps to be taken to protect the environment in the current period will increase the effectiveness of health expenditures in the future. This situation has a guiding feature for policy-makers in terms of policy decisions.

“…Third, the results of the mechanism test show that factors such as R&D investment, knowledge flow, talent aggregation, resource allocation efficiency, financing capability, and digital transformation enhancement are important ways to improve total factor productivity. The government should encourage technological innovation to promote the use of renewable energy and thus achieve sustainable development (Chien et al 2021 ; Sun et al 2021 ). The government should improve regulations on knowledge protection and develop a positive talent introduction policy.…”

Section: Conclusion Suggestions and Limitationsmentioning

confidence: 99%

The impact of smart city pilots on corporate total factor productivity

Chen

2022

The existing literature on smart city pilots mainly focuses on the city level and rarely addresses the firm level. This paper assesses the impact of smart city pilot policy (SCP) on firms’ total factor productivity (TFP) and explores the impact of SCP under different heterogeneities as well as the mechanisms of action of the SCP. The LP approach is used in this paper to measure firms’ TFP, and the impact of SCP is analyzed by the DID model with firms’ panel data from 2009 to 2019 as research objects. First, it was found that the SCP can significantly increase the TFP of firms (0.041). Second, through heterogeneity analysis, we found that SCP can strengthen the monopoly position of monopolistic firms and state-owned enterprises. Moreover, the SCP can also alleviate the development imbalance of TFP between firms in coastal and non-coastal areas. In addition, SCP can significantly improve TFP of heavy polluting enterprises. Finally, we find that the important ways for SCP to improve firms’ TFP is increasing investment in technological innovation, talent agglomeration, attracting financing, improving resource allocation efficiency, and digital transformation. The study provides unique insights for policy makers and business managers in China and other emerging countries to enhance TFP and achieve corporate sustainable development.