Search Results (241)

Unemployment and weak economic productivity are significant global issues, particularly in West Africa. Recently, through diverse mechanisms, remittances and foreign direct investment (FDI) have been sources of foreign capital flow that have positively influenced many less developed economies, including ECOWAS (ECOWAS stands for Economic Community of West African States). Nevertheless, these financial flows have exhibited significant inconsistencies, primarily resulting from economic downturns in migrants’ destination countries, with remarkable implications for beneficiary economies. This study, therefore, examines the effect of remittances and FDI on employment in ECOWAS. Specifically, the study assesses the effects of the inflow of remittances and FDI on employment using panel dynamic ordinary least squares (PDOLS) and also investigates the shock effects of remittances and FDI by employing Panel Vector Error Correction (PVECM), which involves variance decomposition. The results show that foreign direct investment (FDI) positively and significantly affects employment. Other variables that show a significant relationship with employment are wage rate, education expenditure, and interest rate. The variance decomposition result revealed that external shocks on remittances and FDI have short- and long-term effects on employment. The above findings imply that foreign direct investment has a far-reaching positive impact on the economy-wide management of the West African sub-region and thus calls for relevant policy options. Full article

Ecosystem services—the benefits humans derive from nature—are foundational to environmental sustainability and economic well-being, with carbon sequestration and storage standing out as critical regulating services in the fight against climate change. This study presents a comprehensive financial valuation of the carbon sequestration, storage and product substitution ecosystem services provided by the Hungarian forest-based sector. Using a multi-scenario framework, four complementary valuation concepts are assessed: total carbon storage (biomass, soil, and harvested wood products), annual net sequestration, emissions avoided through material and energy substitution, and marketable carbon value under voluntary carbon market (VCM) and EU Carbon Removal Certification Framework (CRCF) mechanisms. Data sources include the National Forestry Database, the Hungarian Greenhouse Gas Inventory, and national estimates on substitution effects and soil carbon stocks. The total carbon stock of Hungarian forests is estimated at 1289 million tons of CO₂ eq, corresponding to a theoretical climate liability value of over EUR 64 billion. Annual sequestration is valued at approximately 380 million EUR/year, while avoided emissions contribute an additional 453 million EUR/year in mitigation benefits. A comparative analysis of two mutually exclusive crediting strategies—improved forest management projects (IFMs) avoiding final harvesting versus long-term carbon storage through the use of harvested wood products—reveals that intensified harvesting for durable wood use offers higher revenue potential (up to 90 million EUR/year) than non-harvesting IFM scenarios. These findings highlight the dual role of forests as both carbon sinks and sources of climate-smart materials and call for policy frameworks that integrate substitution benefits and long-term storage opportunities in support of effective climate and bioeconomy strategies. Full article

Light Detection and Ranging (LiDAR) provides three-dimensional information that can be used to extract tree parameter measurements such as height (H), canopy volume (CV), canopy diameter (CD), canopy area (CA), and tree stand density. LiDAR data does not directly give diameter at breast height (DBH), an important input into allometric equations to estimate biomass. The main objective of this study is to estimate tree DBH using existing allometric models. Specifically, it compares three global DBH pantropical models to calculate DBH and to estimate the aboveground biomass (AGB) of the Lake Broadwater Forest located in Southeast (SE) Queensland, Australia. LiDAR data collected in mid-2022 was used to test these models, with field validation data collected at the beginning of 2024. The three DBH estimation models—the Jucker model, Gonzalez-Benecke model 1, and Gonzalez-Benecke model 2—all used tree H, and the Jucker and Gonzalez-Benecke model 2 additionally used CD and CA, respectively. Model performance was assessed using five statistical metrics: root mean squared error (RMSE), mean absolute error (MAE), mean absolute percentage error (MAPE), percentage bias (MBias), and the coefficient of determination (R²). The Jucker model was the best-performing model, followed by Gonzalez-Benecke model 2 and Gonzalez-Benecke model 1. The Jucker model had an RMSE of 8.7 cm, an MAE of −13.54 cm, an MAPE of 7%, an MBias of 13.73 cm, and an R² of 0.9005. The Chave AGB model was used to estimate the AGB at the tree, plot, and per hectare levels using the Jucker model-calculated DBH and the field-measured DBH. AGB was used to estimate total biomass, dry weight, carbon (C), and carbon dioxide (CO₂) sequestered per hectare. The Lake Broadwater Forest was estimated to have an AGB of 161.5 Mg/ha in 2022, a Total C of 65.6 Mg/ha, and a CO₂ sequestered of 240.7 Mg/ha in 2022. These findings highlight the substantial carbon storage potential of the Lake Broadwater Forest, reinforcing the opportunity for landholders to participate in the carbon credit systems, which offer financial benefits and enable contributions to carbon mitigation programs, thereby helping to meet national and global carbon reduction targets. Full article

This study proposes a hybrid approach to analyze and forecast non-stationary financial time series by combining statistical models with deep neural networks. A model is introduced that integrates three key components: the Generalized Autoregressive Score (GAS) model, which captures volatility dynamics; an attention mechanism (ATT), which identifies the most relevant features within the sequence; and a Long Short-Term Memory (LSTM) neural network, which receives the outputs of the previous modules to generate price forecasts. This architecture is referred to as GAS-ATT-LSTM. Both unidirectional and bidirectional variants were evaluated using real financial data from the Nasdaq Composite Index, Invesco QQQ Trust, ProShares UltraPro QQQ, Bitcoin, and gold and silver futures. The proposed model’s performance was compared against five benchmark architectures: LSTM Bidirectional, GARCH-LSTM Bidirectional, ATT-LSTM, GAS-LSTM, and GAS-LSTM Bidirectional, under sliding windows of 3, 5, and 7 days. The results show that GAS-ATT-LSTM, particularly in its bidirectional form, consistently outperforms the benchmark models across most assets and forecasting horizons. It stands out for its adaptability to varying volatility levels and temporal structures, achieving significant improvements in both accuracy and stability. These findings confirm the effectiveness of the proposed hybrid model as a robust tool for forecasting complex financial time series. Full article

Background/Objectives: Childhood stunting remains a critical public health issue in low- and middle-income countries. Despite Malaysia’s economic growth, there is limited large-scale evidence on the determinants of stunting among children from infancy to primary school age. This cross-sectional study, part of South East Asian Nutrition Surveys II (SEANUTS II), aimed to determine sociodemographic and environmental risk factors for stunting among 2989 children aged 0.5–12 years. Methods: Children were recruited from four regions in Peninsular Malaysia (Central, East Coast, 2022–2030Northern, Southern). Standing height or recumbent length was measured, and stunting was classified based on WHO criteria (height-for-age Z-score below −2 standard deviations). Parents reported information on socioeconomic status, sanitation facilities, and hygiene practices. Multivariate binary logistic regression was used to determine the determinants of stunting. Results: Stunting prevalence was 8.9%, with infants (aOR = 2.92, 95%CI:1.14–7.52) and young children (aOR = 2.92, 95%CI:1.80–4.76) having higher odds than school-aged children. Key biological predictors included low birth weight (aOR = 2.41; 95%CI:1.40–4.13) and maternal height <150 cm (aOR = 2.24; 95%CI:1.36–3.70). Chinese (aOR = 0.56; 95%CI:0.35–0.88) and Indian children (aOR = 0.16; 95%CI:0.05–0.52) had a lower risk of stunting compared to Malays. Conclusions: This study highlights the ongoing challenge of childhood stunting in Malaysia, with age, birth weight, ethnicity, and maternal height identified as key determinants. These findings call for early identification of at-risk households and targeted support, especially through education and financial aid to foster healthy child growth. Full article

This study compares two risk tolerance scales used in the Survey of Consumer Finances (SCF), namely the long-standing 4-point scale and the newer 11-point scale, to determine which better captures an individual’s investment risk preferences. The analysis includes exploring how each scale relates to household demographics, socioeconomic factors, and ownership of risky versus conservative investments. By utilizing prospect theory, the findings reveal that while both scales effectively measure risk tolerance, the 11-point scale provides a more detailed understanding of differences in asset ownership across risk levels. For financial professionals, these results highlight the value of using a more granular risk assessment tool to better align investment strategies with client preferences, leading to improved client relationships and outcomes. Full article

Wildfires are becoming an increasingly severe threat to European forests, driven by climate change, land use changes, and socio-economic factors. Integrated solutions for wildfire prevention, early detection, emergency management, and ecological restoration are urgently needed to enhance forest resilience. The Horizon 2020 SILVANUS project developed a comprehensive multi-sectoral platform combining technological innovation, stakeholder engagement, and sustainable forest management strategies. This report analyses the Slovak Republic’s participation in SILVANUS, applying a seven-criterion fit–gap framework (governance, legal, interoperability, staff capacity, ecological suitability, financial feasibility, and stakeholder acceptance) to evaluate the platform’s alignment with national conditions. Notable contributions include stakeholder-supported functional requirements for wildfire prevention, climate-sensitive forest models for long-term adaptation planning, IoT- and UAV-based early fire detection technologies, and decision support systems (DSS) for emergency response and forest-restoration activities. The Slovak pilot sites, particularly in the Podpoľanie region, served as important testbeds for the validation of these tools under real-world conditions. All SILVANUS modules scored ≥12/14 in the fit–gap assessment; early deployment reduced high-risk fuel polygons by 23%, increased stand-level structural diversity by 12%, and raised the national Sustainable Forest Management index by four points. Integrating SILVANUS outcomes into national forestry practices would enable better wildfire risk assessment, improved resilience planning, and more effective public engagement in wildfire management. Opportunities for adoption include capacity-building initiatives, technological deployments in fire-prone areas, and the incorporation of DSS outputs into strategic forest planning. Potential challenges, such as technological investment costs, inter-agency coordination, and public acceptance, are also discussed. Overall, the Slovak Republic’s engagement with SILVANUS demonstrates the value of participatory, technology-driven approaches to sustainable wildfire management and offers a replicable model for other European regions facing similar challenges. Full article

In this work, we examine the correlation between financial inclusion and the Environmental, Social, and Governance (ESG) factors of sustainable development with the assistance of an exhaustive panel dataset of 103 emerging and developing economies spanning 2011 to 2022. The “Account Age” variable, standing for financial inclusion, is the share of adults owning accounts with formal financial institutions or with the providers of mobile money services, inclusive of both conventional and digital entry points. Methodologically, the article follows an econometric approach with panel data regressions, supplemented by Two-Stage Least Squares (2SLS) with instrumental variables in order to control endogeneity biases. ESG-specific instruments like climate resilience indicators and digital penetration measures are utilized for the purpose of robustness. As a companion approach, the paper follows machine learning techniques, applying a set of algorithms either for regression or for clustering for the purpose of detecting non-linearities and discerning ESG-inclusion typologies for the sample of countries. Results reflect that financial inclusion is, in the Environmental pillar, significantly associated with contemporary sustainability activity such as consumption of green energy, extent of protected area, and value added by agriculture, while reliance on traditional agriculture, measured by land use and value added by agriculture, decreases inclusion. For the Social pillar, expenditure on education, internet, sanitation, and gender equity are prominent inclusion facilitators, while engagement with the informal labor market exhibits a suppressing function. For the Governance pillar, anti-corruption activity and patent filing activity are inclusive, while diminishing regulatory quality, possibly by way of digital governance gaps, has a negative correlation. Policy implications are substantial: the research suggests that development dividends from a multi-dimensional approach can be had through enhancing financial inclusion. Policies that intersect financial access with upgrading the environment, social expenditure, and institutional reconstitution can simultaneously support sustainability targets. These are the most applicable lessons for the policy-makers and development professionals concerned with the attainment of the SDGs, specifically over the regions of the Global South, where the trinity of climate resilience, social fairness, and institutional renovation most significantly manifests. Full article

This study focuses on the importance of sustainability in the tourism and accommodation sector in terms of energy use. Energy, which is one of the biggest cost components in accommodation facilities, not only brings a financial burden but also leads to environmental degradation through significant carbon emissions. On the other hand, as environmental awareness increases globally, the number of environmentally sensitive travellers increases and accommodations that stand out with sustainable practices and use renewable energy sources are preferred. There is a lack of comprehensive research on this subject in Northern Cyprus. This study is a preliminary study for a more comprehensive study. Due to the key role of managers in the transition to sustainable energy use in accommodation facilities, their opinions are very important in determining the situation. Therefore, the study aims to learn the evaluations of hotel managers in order to determine the status of sustainable energy practices in accommodation facilities. Our findings indicate that although hotel managers in Northern Cyprus are aware of holistic energy management, legal and infrastructural barriers significantly hinder the practical implementation of environmentally friendly energy practices. Full article

The impact of Environmental, Social, and Governance (ESG) scores on financial performance remains a subject of debate, as the literature reports mixed evidence regarding their effect on stock returns. This research aims to examine the relationship between ESG ratings and the change in ESG scores, or ESG Momentum, concerning both returns and risk of a large sample of stocks traded on U.S. exchanges. The study examined a sample of 3856 stocks traded on U.S. exchanges, considering 20 years of quarterly data from December 2002 to December 2022. We applied multi-factor models and tested them through pooled ordinary, fixed effects, and random effects panel regression methods. Our results show negative relationships between ESG scores and stock returns and between ESG Momentum and volatility. Contrarily, we find positive associations between ESG Momentum and returns and between ESG scores and volatility. Although high ESG scores are generally associated with lower long-term stock returns, an increase in a company’s ESG rating tends to translate into immediate positive returns and reduced risk. Accordingly, investors may benefit from strategies that focus on companies actively improving their ESG performance, while firms themselves stand to gain by signaling continuous advancement in ESG-related areas. Full article

The E-7 nations face significant challenges in harmonizing artificial intelligence (AI) adoption with sustainable economic and environmental goals. While AI holds transformative potential to revolutionize energy structures, modernize infrastructure, broaden financial inclusion, and reduce carbon emissions, its effective integration is frequently hindered by policy inertia, economic limitations, and long-standing institutional barriers. Using the multi-level perspective (MLP), this study employs the method of moments quantile regression (MMQREG) on panel data from 2004 to 2024 to investigate the determinants of artificial intelligence (AI) adoption, focusing on the roles of energy structure (ES), infrastructure (INFRA), financial inclusion (FI), economic growth (GDP), patent activity (Tpatent), population (TP), and carbon emissions (CE) across E-7 nations. The study findings reveal that economic growth and energy structure play a significant role in driving AI adoption, while inadequacies in infrastructure and limited financial inclusion significantly hinder AI progress. Additionally, the analysis reveals a positive relationship between AI adoption and CO₂ emissions, where early stages of technology uptake lead to increased emissions, but sustained integration eventually results in efficiency gains that help to reduce them. These findings underscore the need for E-7 nations to adopt targeted policies that modernize digital and physical infrastructure, broaden financial access, and expedite the transition to sustainable energy systems. This study offers actionable insights for policymakers to align digital innovation with sustainable development goals. Full article

The global crude oil market, known for its pronounced volatility and nonlinear dynamics, plays a pivotal role in shaping economic stability and informing investment strategies. Contrary to traditional research focused on price forecasting, this study emphasizes the more investor-centric task of predicting returns for West Texas Intermediate (WTI) crude oil. By spotlighting returns, it directly addresses critical investor concerns such as asset allocation and risk management. This study applies advanced machine learning models, including XGBoost, random forest, and neural networks to predict crude oil return, and for the first time, incorporates sustainability and external risk variables, which are shown to enhance predictive performance in capturing the non-stationarity and complexity of financial time-series data. To enhance predictive accuracy, we integrate 55 variables across five dimensions: macroeconomic indicators, financial and futures markets, energy markets, momentum factors, and sustainability and external risk. Among these, the rate of change stands out as the most influential predictor. Notably, XGBoost demonstrates a superior performance, surpassing competing models with an impressive 76% accuracy in direction forecasting. The analysis highlights how the significance of various predictors shifted during the COVID-19 pandemic. This underscores the dynamic and adaptive character of crude oil markets under substantial external disruptions. In addition, by incorporating sustainability factors, the study provides deeper insights into the drivers of market behavior, supporting more informed portfolio adjustments, risk management strategies, and policy development aimed at fostering resilience and advancing sustainable energy transitions. Full article

Experimental models have been widely used to study the mechanisms of inflammation due to their genetic and physiological relevance to humans. These models include rodents (rats and mice), zebrafish, and nematodes (C. elegans). Considering the similarities and divergences between experimental models and the human organism, this narrative review aimed to compare and discuss their applicability in inflammation studies. Rodents, in particular, share significant similarities with humans across approximately 85% of their genome, making them ideal for investigating complex diseases and inflammatory responses. Zebrafish also stand out for showing high conservation of the immune system compared to humans, being useful for studies of adaptive and innate inflammation. Despite not having adaptive immunity, Caenorhabditis elegans is a robust model for understanding innate immune responses, especially in studies involving host–pathogen interactions. These organisms allow us to efficiently investigate the acute and chronic phases of inflammation, offering an accessible platform to study complex biological processes that are unfeasible in humans due to ethical and financial constraints. Thus, the use of these models has been essential for inflammation research. However, the use of each one will depend on the research question and hypothesis raised. Full article

The increasingly observable financial vulnerability of households in emerging market countries makes it imperative to investigate the factors influencing it. Considering that China stands as a representative of emerging market economies, analyzing the factors influencing household financial vulnerability in China presents great reference significance for the sustainable development of households in emerging market countries. Using data from the China Household Finance Survey (CHFS) household samples, this paper presents the regional distribution of households with financial vulnerability in China. Utilizing machine learning (ML), this research examines the factors that influence household financial vulnerability in China and determines the most significant ones. The results reveal that households with financial vulnerability in China takes up a proportion of more than 63%, and household financial vulnerability is lower in economically developed coastal regions than in medium and small-sized cities in the central and western parts of China. The analysis results of the SHAP method show that the debt leverage ratio of a household is the most significant feature variable in predicting financial vulnerability. The ALE plots demonstrate that, in a household, the debt leverage ratio, the age of household head, health condition, economic development and literacy level are significantly nonlinearly related to financial vulnerability. Heterogeneity analysis reveals that, except for household debt leverage and insurance participation, the key characteristic variables exerting the most pronounced effect on financial fragility differ between urban and rural households: household head age for urban families and physical health status for rural families. Furthermore, digital financial inclusion and social security exert distinct impacts on financial vulnerability, showing significantly stronger effects in high per capita GDP regions and low per capita GDP regions, respectively. These findings offer valuable insights for policymakers in emerging economies to formulate targeted financial risk mitigation strategies—such as developing household debt relief and prevention mechanisms and strengthening rural health security systems—and optimize policies for household financial health. Full article

Language-in-education policies often serve hidden political and economic agendas, and thus language policy research must examine policies beyond official state discourse. This article critically analyzes Morocco’s Language Alternation Policy (LAP), introduced in 2019, using the historical–structural approach. It examines the broader historical context and structural factors that shape the adoption and implementation of LAP. While the official policy discourse frames LAP as an egalitarian reform aimed at promoting balanced multilingualism by alternating instructional media in science education, its de facto implementation reveals a stark contradiction. The ideological underpinnings of LAP are the resurgence of French as the exclusive medium of instruction in science and technology classrooms. This policy undercuts a decades-long Arabization of science and the promotion of the Amazigh language, as well as denying Moroccans the potential advantages of learning English. The disparity between official policy discourse and implementation reveals the influence of France’s neocolonial agenda, exercised through Francophonie, international clientelism, and financial patronage. Through implementing LAP to align with France’s interests in Morocco, French-trained political actors undermine the country’s decolonization efforts and preserve the long-standing socioeconomic privileges of the francophone elite. We analyze how LAP functions ideologically to resolidify France’s cultural and linguistic hegemony and reinforce pre- and post-independence linguistic and social inequalities. Full article