Search Results (238)

Common prosperity serves as a pivotal condition for achieving sustainable development by fostering social equity, bolstering economic resilience, and promoting environmental stewardship. Differential land revenue, as a crucial form of property based on spatial resource occupation, significantly contributes to the achievement of common prosperity, though empirical evidence of its impact is limited. This study explores the potential influence of land utilization revenue disparity on common prosperity from the perspective of urban macro differential rent (UMDR). Utilizing panel data from 280 Chinese cities spanning 2007 to 2020, we discover that UMDR and common prosperity levels exhibit strikingly similar spatiotemporal evolution. Further empirical analysis shows that UMDR significantly raises urban common prosperity levels, with a 0.217 standard unit increase in common prosperity for every 1 standard unit rise in UMDR. This boost stems from enhanced urban prosperity and the sharing of development achievements, encompassing economic growth, improved public services, enhanced ecological civilization, and more equitable distribution of development gains between urban and rural areas and among individuals. Additionally, we observe that UMDR has a more pronounced effect on common prosperity in eastern cities and those with a predominant service industry. This study enhances the comprehension of the relationship between urban land revenue disparities, prosperity, and equitable sharing, presenting a new perspective for the administration to contemplate the utilization of land-based policy tools in pursuit of the common prosperity goal and ultimately achieve sustainable development. Full article

While IPV is often studied as a predictor of housing insecurity, few U.S. studies explore how different forms of housing instability may contribute to intimate partner violence (IPV) risk. Using a mixed-methods approach and a cross-sectional design, this study examined the association between four housing instability domains and IPV among a sample of tenants that had either experienced eviction or were at high risk for eviction. Tenants in Harris and Travis counties (Texas, USA) completed an online survey (n = 1085; March–July 2024). Housing instability was assessed across four domains: homelessness, lease violations, utility hardship, and poor housing quality. IPV was measured using the Hurt, Insult, Threaten, Scream Screener. Covariate-adjusted logistic regression models suggest indicators within the four housing instability domains were associated with IPV risk. Within the homelessness domain, experiences with lifetime homelessness (AOR = 1.92, 95%CI 1.61–2.28), in the past 12 months living in unconventional spaces (AOR = 2.10, 95%CI 1.92–2.29), and moving in with others (AOR = 1.20, 95%CI 1.06–1.36) were associated with IPV. Within the lease violations domain, missed rent payments (AOR = 1.69, 95%CI 1.68–1.71) and non-payment lease violations (AOR = 2.50, 95%CI 2.29–2.73) in the past 12 months were associated with IPV. Utility shutoffs (AOR = 1.62, 95%CI 1.37–1.91) and unsafe housing (AOR = 1.65, 95%CI 1.31–2.09) in the past 12 months were associated with IPV. Homelessness, housing-related economic hardships and substandard living conditions predict an elevated risk of IPV. Full article

In sustainable development studies, a key question is how the abundance of natural resources influences long-run economic growth. However, there is no consensus on this issue. Some literature suggests a negative impact, while other studies find no effect at all, and other research indicates a positive impact. This study aims to examine the relationship between natural resource rents, renewable energy, and economic growth in the Gulf Cooperation Council (GCC) countries over the period from 1990 to 2023. The study utilizes the Method of Moments Quantile Regression (MMQR) to provide reliable findings across different quantiles. We also incorporate a series of control variables, including capital, labor force participation, non-renewable energy, and trade openness. The findings indicate that natural resources rent enhances economic growth in GCC countries, supporting the Rostow hypothesis. Although renewable energy has a positive impact on economic growth, it does not have an effect on natural resource rents. Additionally, capital, labor force participation, non-renewable energy, and trade openness play a critical role in raising economic growth in these countries. Based on the empirical results, this study provides several valuable recommendations for policymakers to enhance the management of natural resources in GCC countries. Full article

Urban greening initiatives, including the incorporation of street trees, have been widely recognized for a variety of environmental benefits. However, their economic impact on retail, in particular, the impact of street trees on the visibility of signs, has been underexplored. Street trees can obscure retail signs, potentially reducing customer engagement and discouraging retailers from paying higher rents for such locations. This paper investigates how the blocking of retail signage by street trees affects monthly rent in developed commercial districts in Seoul. It identifies, through Google Street View and state-of-the-art deep-learning-based semantic segmentation methods, environmental elements such as street trees, sidewalks, and buildings; quantifies their proportions; and analyzes their impact on rent using OLS regression, controlling for socio-economic variables. The results reveal that rents significantly diminish when street trees blocking views of retail signs increase. Our findings require more nuanced consideration by planners and policymakers in balancing both environmental and economic demands toward sustainable street design and planning. Full article

This study examines the effects of supply chain disruptions and ICT product exports on natural resource rents in European countries between 2004 and 2022. The findings show that strong supply chains increase natural resource rents, while ICT product exports support environmental sustainability and reduce natural resource rents. Patents reduce natural resource rents, while investments made by financial institutions in resource-intensive sectors increase natural resource rents. In addition, urban population growth was found to put pressure on natural resources, leading to a decrease in natural resource rents. Importantly, economic growth has no significant effect on natural resource rents in EU countries. Full article

This study examines the impact of environmental, social, and governance (ESG) performance on economic growth in Saudi Arabia from 1990 to 2022. It uses a tailored ESG index and applies ordinary least squares (OLS) and autoregressive distributed lag (ARDL) models. The analysis reveals that while individual ESG components do not show significant short-term effects, the composite ESG index has a statistically significant positive effect on long-term GDP growth. These findings highlight the importance of integrated ESG strategies in enhancing economic resilience and diversification in resource-based economies. Moreover, although oil rents and trade openness continue to support short-term growth, they are associated with governance and environmental trade-offs, reflecting transitional challenges on the path to sustainability. Thie study provides new empirical evidence on the macroeconomic relevance of ESG in emerging economies and introduces a context-specific ESG index aligned with national policy goals. The results underscore the need to embed of embedding ESG frameworks into national development plans to ensure long-term economic resilience and structural transformation in line with Vision 2030. Full article

In recent decades, Japan has faced rural depopulation due to urban migration, resulting in widespread property abandonment, the “Akiyas”. This paper presents RE-HAK (Refurbish to Host in Akiyas), a blockchain-based framework promoting a circular economy (CE). RE-HAK enables occupants to live rent-free in Akiyas by completing AI-managed refurbishment milestones via smart contracts. Each milestone—waste removal, structural repairs, or energy upgrades—is verified and recorded on the blockchain. Benefits include: (1) rural economic revival through restoration incentives; (2) sustainable CE adoption; (3) preserving property values by halting deterioration; (4) safeguarding cultural heritage via traditional architecture restoration; and (5) transparent management through automated contracts, minimizing disputes. Findings from three case studies demonstrate RE-HAK’s adaptability across skill levels and project scales, though limitations such as rural digital literacy gaps and reliance on government support for scalability are noted. The framework advances Japan’s revitalization goals while offering a replicable model for nations facing depopulation and property abandonment, contingent on addressing technological and policy barriers. Full article

Achieving zero carbon emissions is crucial for mitigating climate change and meeting global targets. This study examines the economic and financial drivers of carbon dioxide (CO₂) and nitrous oxide (N₂O) emissions using a panel dataset of 141 developed and developing countries from 1990 to 2020. Employing the generalised method of moments (GMM), the findings indicate that industrial and manufactural activities remain the dominant source of CO₂ emissions, particularly in developed economies, while agriculture is a major contributor to N₂O emissions, especially in developing countries. While the service sector reduces both emissions, the effect is more pronounced for CO₂ than for N₂O. Urbanisation, trade openness, and natural resource rents also positively correlate with emissions. However, financial development presents a dual effect, offering the potential for emissions reduction through green financing. These insights underscore the need for targeted policies, including stricter industrial regulations, sustainable agricultural practices, green urban planning, and financial strategies that support low-carbon transitions. Full article

In natural resource-dependent economies, global resource price volatility makes financial systems more vulnerable to economic shocks. The relationship between natural resource rent and bank stability lies in how fluctuations in resource revenues can affect financial institutions’ stability. The purpose of this paper is twofold. First, it explores the effect of natural resource rent (NRR) on bank stability (BS) in the Middle East and North Africa (MENA) region. Second, it examines whether institutional quality (IQ) moderates the association between BS and NRR. To achieve these goals, we used a sample of 68 conventional banks located in the MENA region between 2005 and 2020 and performed the System Generalized Method of Moments (SGMM) as an econometric approach. The empirical findings show that NRR is negatively and significantly associated with BS, while IQ significantly enhances BS in the MENA region. Additionally, the outcomes support evidence that the MENA banks benefit from an interaction between IQ and NRR. This result was confirmed for both the Z-ROA and Z-ROE as measures of BS. The results of this paper could have several useful applications for policymakers and bankers. Policymakers should prioritize strengthening institutional frameworks to mitigate the adverse effects of resource dependence on financial stability. In addition, bankers are invited to focus on improving institutional quality by fostering an institutional environment, including compliance with anti-corruption standards and coordination with regulatory bodies to boost financial resilience. Full article

Mining has significantly shaped Eastern European economies, particularly during their transition from centrally planned to market-oriented systems. While abundant natural resources can lead to a “resource curse” that hinders economic growth, they also offer opportunities for sustainable development if managed effectively. This study investigates the dynamics of mineral resource rents in Eastern Europe, shaped by economic freedom, urbanization, educational achievement, and international trade, from 1990 to 2021. Using methods such as MMQR, AMG Robustness Analysis, CCEMG, fixed effects, cointegration, Granger causality, and unit root tests, the study provides a comprehensive analysis of these relationships. The findings reveal that educational achievement reduces reliance on mineral resource rents by fostering human capital and supporting economic diversification. Urbanization similarly decreases resource dependency by promoting innovation and technological advancement. Trade openness also shows a negative link with mineral rents, suggesting that global integration facilitates shifts toward more advanced, technology-driven sectors. Economic freedom presents mixed results, highlighting the need for strong governance to ensure sustainable and equitable outcomes. This study is novel in integrating these factors into a unified framework, specifically applied to Eastern Europe’s post-communist transition, a region often overlooked in global resource studies. The results contribute most directly to Sustainable Development Goal 4 on Quality Education by demonstrating how human capital development reduces resource dependence and promotes economic resilience, and to Sustainable Development Goal 8 on Decent Work and Economic Growth, by showing that trade openness and economic diversification can drive sustainable economic progress. Ultimately, the study offers actionable insights for balancing economic growth with environmental and social sustainability in transitional economies. Full article

The global economy faces a critical challenge: balancing economic survival through natural resource utilization with the imperative of long-term environmental sustainability. Green innovation presents a viable solution, yet its effectiveness hinges on establishing well-structured legislative frameworks. This study, covering the period 1996 to 2022, examines the moderating effect of green innovation on the relationship between natural resource rents and ecological footprint while also considering the roles of globalization, financial development, and energy transition in the ten most resource-abundant countries. Utilizing the augmented mean group (AMG) estimator, the findings indicate that natural resource rents significantly contribute to ecological footprint, reinforcing concerns about resource-driven environmental degradation. However, green innovation mitigates these adverse effects, promoting sustainable resource management in alignment with SDG 12 (Responsible Consumption and Production). Additionally, renewable energy and globalization positively influence environmental conditions, reinforcing the drive toward clean and affordable energy (SDG7), while economic growth, financial development, and non-renewable energy exacerbate environmental harm. Furthermore, foreign direct investment (FDI) increases ecological footprint, reinforcing the Pollution Haven Hypothesis for resource-rich economies. Rigorous robustness checks using CCEMG, FMOLS, and DOLS methodologies, along with country-specific analyses, affirm the empirical validity of these results. In light of these conclusions, the paper advocates for legislative reforms to enhance sustainability and optimize resource utilization, ensuring a balanced approach to economic development and environmental preservation. Full article

This study examines access to rental housing in the metropolitan area of Las Palmas de Gran Canaria, linking it to socio-economic inequalities and the increasing precarization. In recent years, housing affordability has worsened due to rising rents, stagnant wages, and speculative dynamics—particularly those linked to tourism and platform-based economies. Drawing on official data from the State Reference System for Rental Housing Prices (SERPAVI) and income statistics at the census tract level, this research quantifies housing affordability and spatial disparities through indicators such as economic effort rates. The analysis identifies patterns of exclusion and urban fragmentation, showing that large sectors of the population—especially those earning the minimum age—face severe barriers to accessing adequate housing. The findings highlight the insufficiency of current public policies and propose the expansion of social rental housing and stricter rental market regulation as necessary steps to ensure fairer urban conditions. Full article

In contemporary times, energy sustainability and security have become essential economic concerns globally. Nonetheless, in addition to these concerns, inadequate governance inside a corporation within the energy industry may result in corruption and energy instability within the sector. The primary purpose of this study was to examine the influence of a new array of corporate governance controversies on the energy security of 102 listed energy businesses in Europe. To achieve the purpose of this study, entropy weight and TOPSIS multicriteria approaches were used. The data were obtained from the Refinitiv Eikon database for fiscal year 2024. The findings reveal that the most significant influence, among the identified governance concerns that affect the energy security of European energy corporations, is the detrimental effect of the directors’ people. Moreover, the criteria that constitute bribery, corruption, and fraud scandals seem to be the second most significant element affecting the energy security of the enterprises in this industry. The risk of corruption in governance is exacerbated in the realm of renewable energy due to several converging factors: the urgent demands to implement new projects in response to the climate crisis, apprehensions regarding energy security, potential access to lucrative contracts, and the existence of ‘rent-seeking’ gatekeepers within the processes central to the development and operation of renewable energy assets. Full article

Achieving sustainable models is a crucial challenge today, where government actions play a fundamental role. Therefore, this study aims to analyze the impact of fiscal decentralization on CO₂ emissions in 40 economies between 2000 and 2020. To this end, an unbalanced panel was constructed, and the Method of Moments Quantile Regression (MMQR) was employed. As a robustness check, Driscoll and Kraay’s standard errors approach was used. The MMQR results indicate that fiscal decentralization has a positive and significant effect across all quantiles of CO₂ emissions. Additionally, it was found that revenue-side decentralization has a greater impact on the lower quantiles of CO₂ emissions, while expenditure-side decentralization has a stronger effect on the upper quantiles. The findings also reveal that renewable energy mitigates CO₂ emissions, whereas economic growth, resource rents, and information and communication technologies increase them, although the latter with lower statistical significance. These findings are expected to serve as a basis for public policy formulation aimed at improving environmental quality. Full article

With the rapid development of industrial internet, blockchain, and other new-generation information technology, the shared manufacturing model provides a new way to address the problems of low resource utilization of the traditional manufacturing industry and serious duplication of construction through the mechanism of collaborative resource sharing. Concurrently, to meet the requirements of sustainable development, manufacturing enterprises need to balance economic efficiency with production efficiency in their production practices. This study investigates an identical parallel machine offline scheduling problem with rental costs and shared service costs of shared machines. In machine renting, manufacturers with a certain number of identical parallel machines will incur fixed rental costs, unit variable rental costs, and shared service costs when renting the shared machines. The objective is to minimize the sum of the makespan and total sharing costs. To address this problem, an integer linear programming model is established, and several properties of the optimal solution are provided. A heuristic algorithm based on the number of rented machines is designed. Finally, numerical simulation experiments are conducted to compare the proposed heuristic algorithm with a genetic algorithm and the longest processing time (LPT) rule. The results demonstrate the effectiveness of the proposed heuristic algorithm in terms of calculation accuracy and efficiency. Additionally, the experimental findings reveal that the renting and scheduling results of the machines are influenced by various factors, such as the manufacturer’s production conditions, the characteristics of the jobs to be processed, production objectives, rental costs, and shared service costs. Full article