Search Results (46)

The environmental impact of trade liberalization hinges on a central tension between its ‘scale effect’ and its ‘technique and composition effects’. This study uses the Regional Comprehensive Economic Partnership’s (RCEP) influence on China-ASEAN green agricultural trade as a quasi-natural experiment to test the net outcome of this conflict. Leveraging panel data from 2003–2023 and a combined Difference-in-Differences (DID) and Instrumental Variables (IV) methodology, we find that while RCEP-driven agricultural expansion (the scale effect) did significantly increase NO₂ emissions by 21.80 units (p = 0.011), the total effect of RCEP was counter-intuitively and significantly negative. The agreement produced a context-specific environmental co-benefit, achieving a net reduction of 99.45 $\mathsf{\mu }\mathrm{m}\mathrm{o}\mathrm{l}/{\mathrm{m}}^2$ of NO₂ (p = 0.008). The agreement produced a specific reduction in combustion-related air pollution, achieving a net reduction of 99.45 $\mathsf{\mu }\mathrm{m}\mathrm{o}\mathrm{l}/{\mathrm{m}}^2$ of NO₂ (p = 0.008). We caution that this outcome is contextual: it is driven not only by a still-weak green technology effect (a 0.55 unit reduction, p = 0.095) but more critically by a structural shift in trade towards lower-emission fruit and vegetable products (coefficient = −0.13, p = 0.077), suggesting that environmental gains are currently contingent on product composition rather than broad decarbonization. This reveals that environmental pressures from scale are, for now, being offset by structural optimization, highlighting the urgent need for refined emission monitoring and targeted green policies within RCEP to solidify these environmental gains. Full article

This article examines the global efforts to govern and regulate Artificial Intelligence (AI) in response to its rapid development and growing influence across many parts of society. It explores how governance takes place at multiple levels, including international bodies, national governments, industries, companies, and communities. The study draws on a wide range of official documents, policy reports, and international agreements to build a timeline of key regulatory and standardization milestones. It also analyzes the challenges of coordinating across different legal systems, economic priorities, and cultural views. The findings show that while some progress has been made through soft-law frameworks and regional partnerships, deep divisions remain. These include unclear responsibilities, uneven enforcement, and risks of regulatory gaps. The article argues that effective AI governance requires stronger international cooperation, fair and inclusive participation, and awareness of power imbalances that shape policy decisions. Competing global and commercial interests can create obstacles to building systems that prioritize the public good. The conclusion highlights that future governance models must be flexible enough to adapt to fast-changing technologies, yet consistent enough to protect rights and promote trust. Addressing these tensions is critical for building a more just and accountable future of AI. Full article

Manufacturing global value chains (GVCs) play a central role in shaping countries’ export competitiveness. However, existing studies have given limited attention to the impact of regional trade agreements (RTAs) on manufacturing GVCs. This study examines the effects of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) on manufacturing GVCs. Using the Global Trade Analysis Project (GTAP) model, based on the GTAP 10 database with dynamic recursion to 2025, this study simulates various scenarios of tariff and non-tariff barrier (NTB) reductions. This model is linked to a GVC accounting framework to evaluate member countries’ trade performance in manufacturing value added, as well as their participation and position in GVCs. The results show that the CPTPP and RCEP, when implemented separately, significantly boost bilateral value-added trade within their regions, with increases of 99.4% and 65.7%, respectively. Their combined effect further strengthens global value-added trade, raising it by 5.1%. Both agreements also promote greater GVC participation in most manufacturing sectors across member economies, although their influence on sectoral positioning differs across countries. Overall, the findings demonstrate that the CPTPP and RCEP are reshaping regional production networks and affecting manufacturing development in member states. They highlight the growing importance of RTAs in shaping value chains and underscore the need to revitalize global partnerships for sustainable development. For policymakers, the results provide timely evidence on how RTAs can be leveraged to support sustainable growth in manufacturing. Full article

Green hydrogen is gaining global attention as a zero-carbon energy carrier with the potential to drive sustainable energy transitions, particularly in regions facing rising fossil fuel costs and resource depletion. In sub-Saharan Africa, financing mechanisms and structured off-take agreements are critical to attracting investment across the green hydrogen value chain, from advisory and pilot stages to full-scale deployment. While substantial funding is required to support a green economic transition, success will depend on the effective mobilization of capital through smart public policies and innovative financial instruments. This review evaluates financing mechanisms relevant to sub-Saharan Africa, including green bonds, public–private partnerships, foreign direct investment, venture capital, grants and loans, multilateral and bilateral funding, and government subsidies. Despite their potential, current capital flows remain insufficient and must be significantly scaled up to meet green energy transition targets. This study employs a mixed-methods approach, drawing on primary data from utility firms under the H₂Atlas-Africa project and secondary data from international organizations and the peer-reviewed literature. The analysis identifies that transitioning toward Net-Zero emissions economies through hydrogen development in sub-Saharan Africa presents both significant opportunities and measurable risks. Specifically, the results indicate an estimated investment risk factor of 35%, reflecting potential challenges such as financing, infrastructure, and policy readiness. Nevertheless, the findings underscore that green hydrogen is a viable alternative to fossil fuels in sub-Saharan Africa, particularly if supported by targeted financing strategies and robust policy frameworks. This study offers practical insights for policymakers, financial institutions, and development partners seeking to structure bankable projects and accelerate green hydrogen adoption across the region. Full article

This paper examines the impact of carbon capture and storage (CCS) deployment on national carbon intensity (CI) across 43 countries from 2010 to 2020. Using a dynamic common correlated effects (DCCE) log–log panel, we estimate the elasticity of CI with respect to sectoral CCS facility counts within four income-group panels and the full sample. In the high-income panel, CCS in direct air capture, cement, iron and steel, power and heat, and natural gas processing sectors produces statistically significant CI declines of 0.15%, 0.13%, 0.095%, 0.092%, and 0.087% per 1% increase in facilities, respectively (all p < 0.05). Upper-middle-income countries exhibit strong CI reductions in direct air capture (–0.22%) and cement (–0.21%) but mixed results in other sectors. Lower-middle- and low-income panels show attenuated or positive elasticities—reflecting early-stage CCS adoption and infrastructure barriers. Robustness checks confirm these patterns both before and after the 2015 Paris Agreement and between emerging and developed economy panels. Spatial analysis reveals that the United States and United Kingdom achieved 30–40% CI reductions over the decade, whereas China, India, and Indonesia realized only 10–20% declines (relative to a 2010 baseline), highlighting regional deployment gaps. Drawing on these detailed income-group insights, we propose tailored policy pathways: in high-income settings, expand tax credits and public–private infrastructure partnerships; in upper-middle-income regions, utilize blended finance and technology-transfer programs; and in lower-income contexts, establish pilot CCS hubs with international support and shared storage networks. We further recommend measures to manage CCS’s energy and water penalties, implement rigorous monitoring to mitigate leakage risks, and design risk-sharing contracts to address economic uncertainties. Full article

In 2025, the U.S. reciprocal tariff policy destabilized global multilateral trade and accelerated the advance of regional trade cooperation. As the world’s most populous regional trade agreement, the Regional Comprehensive Economic Partnership (RCEP) plays an important role in regional economic and trade integration. In this paper, the RCEP’s signing is considered a quasi-natural experiment, and a double machine learning (DML) model is used to analyze the impact of the RCEP’s implementation on the export of forest products among member countries. The sample used for the empirical analysis is product dimension panel data of RCEP member countries from 2012 to 2023. We found that the implementation of the RCEP agreement has facilitated the growth of forest product exports among member countries, as evidenced by the synchronized growth in the quantity, type, and price of forest product exports. Heterogeneity analysis reveals that the positive effects of RCEP implementation vary significantly across product categories and across countries. Our study provides evidentiary support for scholars to more fully understand the policy effects of the RCEP and may also serve as a policy reference for RCEP member countries to expand intra-regional forest product exports. Full article

This study examines the impact of inward foreign direct investment (FDI) on economic growth in South and Southeast Asia from 2006 to 2022, using a comprehensive panel dataset and multiple econometric techniques. The baseline estimation employs Feasible Generalized Least Squares (FGLS), with robustness checks using Fixed Effects with Driscoll–Kraay standard errors, the Common Correlated Effects Mean Group (CCEMG) estimator, and Two-Stage Least Squares (2SLS). The results consistently show that FDI and Gross Capital Formation (GCF) significantly promote growth, while the Human Capital Index (HCI), Trade Openness (TO), and Inflation (I) have limited or adverse effects. Government spending (GS) is negatively associated with growth, suggesting inefficiencies in public resource allocation. The findings underscore the importance of enhancing absorptive capacity through investments in education, institutional quality, and trade facilitation. Policy recommendations include adopting performance-based budgeting and independent audits, drawing on Malaysia’s anti-corruption and audit reforms. To address the weak impact of human capital, this study advocates for expanding public–private partnerships in technical and vocational education, modelled on Singapore’s SkillsFuture initiative. Additionally, digital investment platforms like Indonesia’s Online Single Submission (OSS) system and infrastructure upgrades are recommended to reduce trade costs and improve the investment climate. Finally, the study calls for deeper regional integration through harmonized investment regulations under the ASEAN Comprehensive Investment Agreement (ACIA) and the development of cross-border special economic zones (SEZs). These recommendations are grounded in empirical evidence and tailored to the region’s structural characteristics, offering actionable insights for policy-makers. Full article

The global corn trade is an important pillar of the agricultural economy, but its supply chain is vulnerable to geopolitical conflicts, climate change, and market volatility. As one of the major importers of corn in the world, China has long relied on the United States and Ukraine, and the risk of import concentration is prominent. The complicated international situation intensifies the external uncertainty of China’s import supply chain. This study utilized bilateral trade data from 2010 to 2023 and employed advanced methodologies including complex network modeling, network index quantification, and simulation analysis to assess the impacts of external risks from major trading partners on China’s corn import system and trace risk transmission pathways. The research objectives focused on examining the structural evolution of China’s corn import trade network over the past decade, evaluating its resilience against external shocks, and identifying the critical roles played by key node countries in risk propagation mechanisms. The results showed that the resilience of China’s corn import trade network had been enhanced in recent years and that the complementarity of planting cycles in the Northern and Southern Hemispheres and the adjustment of trade structure caused by the Russia–Ukraine conflict had improved its risk resistance. The United States, France, Romania, and Turkey were key intermediate nodes in risk transmission due to their geographical advantages and trade hub statuses. The risk transmission path presented regional heterogeneity. China should strengthen trade with countries in the Southern Hemisphere and built a more stable import system by taking advantage of complementary resource endowments and growth periods. Bilateral agreements with transit countries could ensure security of supply. Reserve centers and modern logistics infrastructure should be built in key areas. In addition, platforms such as the Regional Comprehensive Economic Partnership could promote harmonized standards and digital support for corn trade, and regional financial instruments and supply chain optimization could have balanced risks. Full article

This study examines the quarterly export data of forest products at the Harmonized System 6-digit level from China′s 31 provinces to destination economies from 2017 to 2023 to examine the impact of the Regional Comprehensive Economic Partnership agreement on bilateral forest product trade. A time-varying Difference-in-Differences model is constructed using the effective dates of the agreement for each member, combined with the Propensity Score Matching method, comparing export flows between China with member and non-member economies in the pre- and post-agreement periods. The main findings indicate that the effective commitments of the Regional Comprehensive Economic Partnership in destination economies have significantly enhanced the bilateral exports of forest products from China’s provinces. Compared with non-member destination economies, China’s exports of timber forest products to member countries increased by over 22% after the agreement came into effect, with notable increases in eastern coastal provinces and in processed forest products including wooden furniture and paper products. To maximize the promotion of forest product exports under this framework, it is suggested that China enhance transportation links between its central and western inland provinces to reduce transportation costs. Additionally, closer trade cooperation among member countries is recommended to facilitate the development of trade in intermediate products. Furthermore, the strengthened collaboration between upstream and downstream industries could facilitate the integrated development of the regional timber processing industry supply chain. Full article

The Asia-Pacific region has gradually become a driver of global economic growth, with economic integration agreements (EIAs) and climate distance playing increasingly important roles in the agri-food trade in the 21st century. The recent signing and implementation of the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have garnered global attention. This study examines the roles of different types of regional trade agreements and climate distance in the agri-food trade in the Asia-Pacific region and constructs a trade system involving 19 member countries of the RCEP and the CPTPP by analyzing panel data from 2003 to 2022. The Poisson pseudo-maximum likelihood estimator is employed to estimate an augmented gravity model that considers domestic trade flows, endogeneity issues, reverse causality, globalization effects, long-term effects, and overlapping membership. The empirical findings demonstrate that partial scope agreements and EIAs significantly promote bilateral agri-food trade, whereas temperature distance acts as a barrier and precipitation distance has a negligible effect. Overlapping members of the RCEP and CPTPP exhibit cumulative positive effects three years after the implementation of EIAs, resulting in an approximately 52.1% increase in the bilateral agri-food trade after ten years. Additionally, overlapping membership mitigates the long-term negative impact of temperature distance. This study reveals that the seven overlapping members of the RCEP and CPTPP in the Asia-Pacific region achieve greater benefits more quickly through EIAs, suggesting that overlapping membership can be an effective adaptive strategy for dealing with climate change. Full article

Asia accounted for 167.1 million tons of global fisheries and aquaculture production, 75 percent of the world’s total. Seafood, especially aquaculture products, is a dominant and growing sector and crucial in the Asia-Pacific region for ensuring global food security, supporting sustainable livelihoods, reducing poverty for small-scale fisheries, and promoting environmental sustainability. However, amidst the current backdrop of the World Trade Organization (WTO)‘s inefficiency and dysfunctional mechanism, coupled with a slowdown in global economic growth and the resurgence of trade unilateralism and protectionism, these challenges have created significant barriers to trade, limiting market access and hindering the sustainable growth of the seafood industry. The implementation of the Regional Comprehensive Economic Partnership (RCEP) offers Asia-Pacific economies a promising opportunity to expand trade and stimulate economic growth sustainably. In this study, we aim to provide a comprehensive overview of the potential effects of the RCEP on aquatic products trade among the parties. A key marginal contribution in our study is that we adjusted the existing tariff rates under other FTAs to the same period as tariff rates under RCEP and compared the concession rates between these different FTAs to clearly illustrate the potential tariff effects of RCEP. On the non-tariff side, we analyze specific provisions in the RCEP agreement that could potentially affect aquatic products trade and evaluate their possible impacts. The results showed that, as of 2022, in almost all RCEP parties, the average tariffs under the RCEP agreement are generally higher than those under other existing FTAs, which indicates that the tariff concession efforts under RCEP are limited for most parties. However, due to certain progressiveness compared to other FTAs in terms of its provisions on non-tariff measures, such as rules of origin, sanitary and phytosanitary measures (SPS) regulations, etc., RCEP has the potential to benefit a broader range of countries and products, making market access more convenient and inclusive for the seafood industry. Full article

The purpose of this study was to investigate the buffering (moderating) effect of environmental uncertainty (EU) on the relationship between the critical success factors (CSFs) of public–private partnership projects (PPPPs) and sustainable performance. A survey approach was adopted to collect primary data from construction industries that have signed an agreement with the public sector. The public sector includes federal and provincial government departments such as the National Highway Authority (NHA) and the Frontier Works Organization (FWO) for the construction of roads, and the private sector includes engineering companies registered with the Pakistan engineering council. The non-probability convenience sampling technique was used to select the sample, and the Krejcie and Morgan table was used to calculate the sample size. A total of 500 questionnaires were distributed but 394 completed questionnaires were used in the analysis of the data, yielding a response rate of 78.8%. Confirmatory factor analysis was conducted to check the reliability and validity of the scales; the findings revealed that the scales met the threshold, and all the factor loadings, average variance extracted, composite reliability, Cronbach alpha, and discriminant validities met the cut-off level. Hence, the questionnaires were found to be reliable and valid. The results revealed that environmental uncertainty significantly moderates the CSFs (technical, procurement, and economic factors) of PPPs and the sustainable performance of PPPPs. Furthermore, the interaction terms of all moderating effects revealed negative beta values; this implies that a low level of uncertainty results in better economic performance, better technical and procurement factors, and highly sustainable performance. It is concluded from the findings that if EU is high, then the sustainability of PPPPs is low; moreover, fewer economic resources and no technical support and procurement also have a weak impact on enhancing sustainable performance. On the contrary, if EU is low, there is a high level of sustainability in PPPPs. Full article

The agricultural sector is a cornerstone of many developing economies, supporting millions of livelihoods, contributing significantly to GDP, and ensuring food security and social stability. This study explores the crucial role of off-takers in enhancing the resilience and sustainability of agricultural clusters. Through predetermined purchase agreements, off-takers offer market certainty, stabilize income for smallholder farmers, and provide essential support in capital access, technical assistance, and technology adoption. Employing a Systematic Literature Review (SLR) method and secondary data analysis, along with a case study focusing on an agricultural cluster in West Java, Indonesia, this research highlights how off-takers contribute to price stability, promote entrepreneurial skills among farmers, and foster social entrepreneurship. The findings emphasize the importance of building strategic partnerships between farmers, off-takers, and government entities to strengthen agricultural competitiveness, support sustainable rural economies, and ensure food security. Practical recommendations are provided for policymakers and stakeholders to optimize off-taker engagement in agricultural clusters, thereby fostering thriving agricultural ecosystems and economic prosperity in rural communities. Full article

The historic New York City (NYC) Watershed Memorandum of Agreement signed in 1997, which established the Watershed Protection and Partnership Program (WPPP), aimed to safeguard water quality for downstream NYC communities and enhance community vitality within the upstream watershed. Up to now, the focus has been on maintaining water quality, with less attention on the socioeconomic and demographic well-being of the upstream communities. This study bridges this gap by examining the socioeconomic and demographic trends within the upstream watershed communities. We collected census data from the U.S. Census Bureau and American Community Survey (ACS) from 1990, 2000, 2010, and 2020. The data were collected primarily for the Catskill-Delaware Watershed region, as well as the five immediate watershed counties, New York State, the U.S., and two rural counties similar in population density to the Watershed to serve as comparison areas. This study analyzed demographic factors and economic, and community characteristics to identify trends and shifts over time. Our findings reveal the demographic shift towards an older retiree population, decreasing labor force, higher unemployment rates, higher disparities in income distribution, and longer commute times in the Watershed compared to our comparison areas. The Watershed also experiences higher home vacancies than the comparison areas, suggesting a shift towards seasonal or second-home use of properties. While this study offers insights into socioeconomic and demographic shifts in watershed communities, its reliance on census data may limit the precision in establishing causal links between watershed protection measures and these shifts. Incorporating qualitative analysis in future research will deepen our understanding of these relationships. Full article

This study examines the readiness of Sultan Qaboos University (SQU) students for the knowledge-based economy, focusing on their awareness, perceptions, and skills. As Oman transitions towards a knowledge-based economic model, understanding and enhancing students’ preparedness has become crucial. This research employs a quantitative approach, utilizing a questionnaire distributed to SQU students across various colleges and academic levels, achieving a 66.04% response rate. The key findings reveal that while many students consider knowledge economy skills very important, some express neutral awareness about these skills. Students ranked creativity and innovation (85.82%) and critical thinking and problem solving (85.11%) as the most essential skills. The study identifies significant relationships between enhancing students’ knowledge-based economy skills (ESKBE) and both awareness of the knowledge-based economy (AWS) and the impact of technology on education and employment (ITEE). Students generally view the knowledge economy positively, with 55% agreeing it will have a positive societal impact. However, they recognize challenges, including resistance to change (53.5% agreement) and limited access to education and training (49.3% agreement). The need for government involvement in addressing these challenges was strongly emphasized (54.3% agreement). Based on these findings, the study recommends that SQU enhance its curriculum to explicitly develop key skills, improve awareness of knowledge economy demands, further integrate technology into educational practices, strengthen industry partnerships, promote lifelong learning initiatives, and engage more actively with policymakers. This paper also provides a unique look at higher education’s role in the changing economy, as seen through graduates. It offers empirical evidence for the necessity of universities to change to serve the knowledge economy and, at the same time, make a case on how complex this transformation is. The results matter not only for SQU but also—in a more general sense, at least as far as knowledge-based economies are concerned—globally with respect to higher education institutions. Full article