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Advanced Studies in Economic Growth, Environment and Sustainability

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A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 6 July 2024 | Viewed by 3194

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Special Issue Editors

Dr. Roberto Cervelló-Royo

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Guest Editor

Faculty of Business Administration and Management, Universitat Politécnica de Valencia, 46022 Valencia, Spain
Interests: green finance; sustainable development ; ESG; urban and regional economics; land use and policy
Special Issues, Collections and Topics in MDPI journals

Dr. Marta García-Mollá

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Guest Editor

Valencian Centre for Irrigation Studies (CVER), Universitat Politécnica de Valencia, 46022 Valencia, Spain
Interests: water management; governance; technological change; irrigation

Dr. Rosa Puertas

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Guest Editor

Department of Economy and Social Sciences (DECS), Universitat Politécnica de Valencia, 46022 Valencia, Spain
Interests: sustainable production; environmental policies; efficiency; development

Special Issue Information

Dear Colleagues,

In recent years, the Sustainable Development Goals (SDGs) have emphasized the associations between economic growth and environment. Thus, the main goal is that countries can achieve sustainable financial and economic growth, while also preventing environmental degradation. Environmental degradation includes the deterioration of land, soil, water, and the atmosphere. In fact, the Sustainable Development Goals (SDGs) include, but are not limited to, (6) clean water and sanitation, (7) affordable and clean energy, (12) responsible consumption and production, (14) life below water, and (15) life on land, among others. Therefore, a strong institutional quality jointly with a sustainable economic development can prevent environmental degradation.

Furthermore, good governance can dictate to which extent countries are able to achieve sustainable green development. The aim of this Special Issue is to present an updated set of studies, theoretical ideas and methodological developments dealing with the economic growth–environment–sustainability nexus. Loosely, we look for papers addressing issues related to the climate and environmental risk management regarding water, land, and soil. Moreover, we are concerned about how the use of resilience is being extended beyond the discussion of disasters and the environment into the wider context of adaptation to climate change. This Special Issue will include, but is not limited to, the following topics: (i) how economic growth does contribute to sustainable development; (ii) how sustainability does contribute to mitigate climate change; (iii) the introduction of good practices in sustainable development that enhance the environment; (iv) implications of different contexts, namely the good use of water, energy and fossil fuel combustion; (v) implications of adopting corporate governance, market structure, and geographical, cultural and gender aspects or others and; (vi) exploring the moderating effects in the relationship between economic growth and sustainable development.

The insights expected to be obtained with this set of papers about the impacts on the environment resulting from sustainable economic growth will be useful to all stakeholders, particularly shareholders, managers, policymakers and regulatory bodies to help fight the climate crisis. Finally, besides supplementing the existing literature, it is expected that the present Special Issue presents the main avenues for future research on this topic.

Dr. Roberto Cervelló-Royo
Dr. Marta García-Mollá
Dr. Rosa Puertas
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

economic growth
environmental degradation
climate change
sustainable development
water management
governance
resilience

Published Papers (5 papers)

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Research

18 pages, 586 KiB

Open AccessArticle

Analyzing GDP Growth Drivers in Saudi Arabia: Investment or Consumption: An Evidence-Based ARDL-Bound Test Approach

by Mwahib Gasmelsied Ahmed Mohammed

Sustainability 2024, 16(9), 3786; https://doi.org/10.3390/su16093786 - 30 Apr 2024

Abstract

This study delves into the intricate interplay of economic growth components, specifically focusing on consumption and investment in Saudi Arabia from 2000 to 2022. Employing vector error correction models and co-integration techniques, we analyze the short- and long-term dynamics within the relationship of consumption, investment, and economic growth. Granger causality analysis is also used to discern these pivotal variables’ causal connections. Our empirical analysis reveals a persistent long-term cointegration relationship among the variables, underscoring the enduring nature of their interdependency. Furthermore, our findings highlight consumption and investment’s statistically significant positive impact on economic growth. Notably, the short-term analysis unveils a stable model characterized by an annual adjustment to equilibrium of 100%. Moreover, the Granger causality study demonstrates unidirectional causal linkages among consumption, investment, and economic growth. These findings hold substantial implications for policy formulation in Saudi Arabia. Policymakers must grasp the ramifications of burgeoning prosperity and evolving private consumption patterns on future environmental outcomes. Achieving sustainable long-term results necessitates equal emphasis on bolstering private consumption and fostering other facets of economic growth. Full article

(This article belongs to the Special Issue Advanced Studies in Economic Growth, Environment and Sustainability)

28 pages, 6343 KiB

Open AccessArticle

Analyzing Green Growth Efficiency in China and Investigating the Spatial Effects of Fiscal Decentralization: Case Study of Prefecture-Level Cities

by Yiming Li and Liru Bai

Sustainability 2024, 16(8), 3408; https://doi.org/10.3390/su16083408 - 18 Apr 2024

Viewed by 495

Abstract

Due to inadequate resource availability and environmental contamination, the Chinese government has placed a high priority on ecological civilization in recent years. Emphasis has been placed on the environmentally friendly conversion of the economy and the sustainable progress of society. China has established a fiscal decentralization system that divides financial responsibilities between the central and local governments. Due to their proximity advantage, local governments, as agents of the central government, can effectively deliver public services, optimize resource allocation, encourage innovation in green science and technology, and facilitate green growth in the region. However, local governments may exhibit myopic behaviors that impede the sustainable development of the region in their pursuit of regional growth ambitions. Therefore, this paper aims to investigate whether the institutional factor of fiscal decentralization promotes or inhibits the efficiency of green development in China. Using data from Chinese prefecture-level cities between 2010 and 2020, this paper presents the SBM-DDF model to measure the green growth efficiency (

G G E

) in cities. The study then analyzes the spatial impact of fiscal decentralization on

G G E

using a dynamic panel model and a dynamic SAR model. The empirical results show that China’s green development level has steadily increased in recent years, and

G G E

reflects climbing pressure and regional differences. Secondly, increasing the vertical fiscal decentralization of local governments promotes

G G E

growth, while increasing fiscal freedom hinders it. Additionally, fiscal decentralization in neighboring cities also affects local

G G E

, with spatial spillover effects. Finally, the impact of fiscal decentralization on

G G E

is spatio-temporally heterogeneous. This paper expands on the research regarding the factors that affect the efficiency of green growth in China, specifically focusing on institutional factors at a theoretical level. Additionally, this paper provides targeted policy recommendations based on the aforementioned findings. These recommendations hold great practical significance for China in improving its fiscal decentralization system and achieving sustainable economic development. Full article

(This article belongs to the Special Issue Advanced Studies in Economic Growth, Environment and Sustainability)

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13 pages, 271 KiB

Open AccessArticle

Exploring the Impact of the Digital Economy on Green Total Factor Productivity—Evidence from Chinese Cities

by Zuoyufan Sheng, Chengpeng Zhu and Mo Chen

Sustainability 2024, 16(7), 2734; https://doi.org/10.3390/su16072734 - 26 Mar 2024

Viewed by 432

Abstract

The digital economy promotes economic development, industrial upgrading, and environmental protection. In this study, we calculated green total factor productivity (GTFP) based on the SBM-DDF model and used the entropy method and principal component analysis to calculate a digital economy index. We used panel data from 282 Chinese cities to measure the driving effect of the digital economy on green total factor productivity. The study results show that the digital economy significantly increases GTFP. We then assessed the heterogeneity of this impact. We also explored the mechanisms by which the digital economy promotes green development and found that the digital economy can indirectly increase industrial production efficiency by promoting innovation in green technologies. Full article

(This article belongs to the Special Issue Advanced Studies in Economic Growth, Environment and Sustainability)

25 pages, 2218 KiB

Open AccessArticle

Investigating the Impact of Multiple Factors on CO₂ Emissions: Insights from Quantile Analysis

by Yuldoshboy Sobirov, Sardorbek Makhmudov, Mukhammadyusuf Saibniyazov, Akobir Tukhtamurodov, Olimjon Saidmamatov and Peter Marty

Sustainability 2024, 16(6), 2243; https://doi.org/10.3390/su16062243 - 07 Mar 2024

Viewed by 957

Abstract

This study investigates the impacts of alternative energy use, urbanization, GDP, agriculture, ICT development, and FDI on carbon dioxide (CO₂) emissions in the 14 leading CO₂-emitting countries in Asia. This research comprises various econometric techniques, including MMQR, FMOLS, DOLS, and Driscoll–Kraay, to extend the data analysis from 1996 to 2020. The findings provide significant support for an inverted U-shaped link between economic expansion and environmental deterioration, known as the environmental Kuznets curve. Moreover, this paper verifies that the GDP square, renewable energy use, and agriculture are shown to help to decrease pollution, as indicated by the research findings. On the contrary, urbanization and the GDP are demonstrated to be variables that contribute to carbon emissions. Furthermore, the panel quantile regression models validate that the impacts of each explanatory variable on CO₂ emissions vary across various quantiles. Finally, this analysis provides valuable suggestions to scholars, environmentalists, politicians, and authorities for identifying and mitigating the main cause of emissions. Full article

(This article belongs to the Special Issue Advanced Studies in Economic Growth, Environment and Sustainability)

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19 pages, 2020 KiB

Open AccessArticle

Can the Carbon Emissions Trading Pilot Policy Improve the Ecological Well-Being Performance of Cities in China?

by Jianfeng Guo, Xiaotong Ou, Yan Li and Kecheng Liu

Sustainability 2024, 16(2), 841; https://doi.org/10.3390/su16020841 - 18 Jan 2024

Viewed by 713

Abstract

Adhering to ecological priorities and promoting environmental regulations is essential for improving ecological well-being performance (EWP); conversely, EWP is a crucial measure of social and economic sustainability. From the perspective of high-quality development, we see China’s cities’ adoption of the carbon emissions trading pilot (CETP) policy as a quasi-natural experiment, and we use the difference-in-differences (DID) approach to analyze how market-based carbon credits affect the urban EWP and its action mechanism. The findings of the empirical study show that: (1) The implementation of CETP can effectively improve the quality of urban development, with an increase of 29.1% in the EWP value, effectively contributing to the realization of the goal of high-quality development; (2) the urban EWP levels in China are higher in the east, lower in the west and lowest in the middle, but they all show a fluctuating upward trend; (3) according to the heterogeneity study, the implementation of CETP has a scale effect and significant urban locational differences, and its impact on EWP of cities is greater in “advanced cities” and central region cities; (4) the implementation of CETP can advance industrial structure upgrading, thereby promoting the EWP level, but the mediating effect of technological innovation is not significant. The possible innovations in this paper are as follows: (1) It broadens the existing research system on the effectiveness of CETP policies. (2) It reconstructs the index system of EWP from the perspective of high-quality development so that its measurement results can reflect the quality of urban development more comprehensively. (3) The research samples of CETP and EWP are enriched by using prefectural-level data. Full article

(This article belongs to the Special Issue Advanced Studies in Economic Growth, Environment and Sustainability)

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