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16 pages, 4330 KiB  
Article
Scaling Relationships Among the Floral Organs of Rosa chinensis var. minima: Implications for Reproductive Allocation and Floral Proportionalities
by Zhe Wen, Karl J. Niklas, Yunfeng Yang, Wen Gu, Zhongqin Li and Peijian Shi
Plants 2025, 14(15), 2446; https://doi.org/10.3390/plants14152446 - 7 Aug 2025
Abstract
Although the allocation of biomass among floral organs reflects critical trade-offs in plant reproductive strategies, the scaling relationships governing biomass allocations remain poorly resolved, particularly in flowers. Here, we report the fresh mass scaling allocation patterns among four floral organs (i.e., sepals, petals, [...] Read more.
Although the allocation of biomass among floral organs reflects critical trade-offs in plant reproductive strategies, the scaling relationships governing biomass allocations remain poorly resolved, particularly in flowers. Here, we report the fresh mass scaling allocation patterns among four floral organs (i.e., sepals, petals, stamens, and carpels), and the two subtending structural components (i.e., the pedicel and receptacle) of 497 flowers of the hypogynous Rosa chinensis var. minima (miniature rose) using reduced major axis protocols. The two-parameter Weibull probability density function was also applied to characterize the distributions of floral organ mass, and revealed skewed tendencies in all six measured traits. The results show that the numerical values of the scaling exponents (α) for all pairwise power-law relationships significantly exceeded unity (α > 1), indicating disproportionate investments in larger floral structures with increasing overall flower size. Specifically, the scaling exponent of corolla fresh mass vs. calyx fresh mass was α = 1.131 (95% confidence interval [CI]: 1.086, 1.175), indicating that petal investment outpaces sepal investment as flower size increases. Reproductive organs also exhibited significant disproportionate investments (i.e., allometry): the collective carpel (gynoecium) fresh mass scaled allometrically with respect to the collective stamen (androecium) mass (α = 1.062, CI: 1.028, 1.098). Subtending axial structures (pedicel and receptacle) also had hyperallometric patterns, with pedicel mass scaling at α = 1.167 (CI: 1.106, 1.235) with respect to receptacle mass. Likewise, the combined fresh mass of all four foliar homologues (sepals, petals, androecium, and gynoecium) scaled disproportionately with respect to the biomass of the two subtending axial structures (α = 1.169, CI: 1.126, 1.214), indicating a prioritized resource allocation to reproductive and display organs. These findings are in accord with hypotheses positing that floral display traits, such as corolla size, primarily enhance pollen export by attracting pollinators, while maintaining fruit setting success through coordinated investment in gynoecium development. The consistent hyperallometry across all organ pairwise comparisons underscores the role of developmental integration in shaping floral architecture in Rosaceae, as predicted by scaling theory. By integrating morphometric and scaling analyses, this study proposes a tractable methodology for investigating floral resource allocation in monomorphic-flowering species and provides empirical evidence consistent with the adaptive patterns of floral traits within this ecologically and horticulturally significant lineage. Full article
(This article belongs to the Section Plant Modeling)
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17 pages, 1045 KiB  
Article
Professional Development for Teachers in the Digital Age: A Comparative Analysis of Online Training Programs and Policy Implementation
by Yuanhai Gu, Jun He, Wenjuan Huang and Bo Sun
Behav. Sci. 2025, 15(8), 1076; https://doi.org/10.3390/bs15081076 - 7 Aug 2025
Abstract
In the digital age, online teacher professional development (TPD) has become a key strategy for enhancing instructional quality and ensuring equitable access to continuous learning. This research compares and analyzes Chinese online teacher professional development (TPD) with the United States over a period [...] Read more.
In the digital age, online teacher professional development (TPD) has become a key strategy for enhancing instructional quality and ensuring equitable access to continuous learning. This research compares and analyzes Chinese online teacher professional development (TPD) with the United States over a period of ten years, from 2014 to 2024. This study uses a mixed-methods approach based on policy documents, structured surveys, and interviews to investigate how governance regimes influence TPD outcomes for fair education. Both countries experienced a massive expansion of web-based TPD access and engagement, with participation rates over 75% and effectiveness scores over 4.3 by 2024. China focused on fast scaling by way of centralized mandates and investments in infrastructure, while the United States emphasized gradual expansion through decentralized, locally appropriate models. Most indicators had converged by the end of the period, even with these different approaches. Yet, qualitative evidence reveals persisting gaps in functional access and contextual appropriateness, especially in rural settings. Equality frameworks with attention to teacher agency, policy implementation, and digital usability must supplant weak access metrics. A hybrid paradigm presents itself as an attractive means toward building equitable and productive digital TPD environments through the symbiotic integration of China’s successful scalability and the United States’ professional autonomy. Full article
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13 pages, 2838 KiB  
Article
Differential Effects of Two Herbivore-Induced Plant Volatiles on the Oviposition of Chilo suppressalis
by Xiaowei Yang, Chang Liu, Xixi Jia, Chen Zhang, Lanzhi Han, Wanlun Cai and Yunhe Li
Plants 2025, 14(15), 2384; https://doi.org/10.3390/plants14152384 - 2 Aug 2025
Viewed by 229
Abstract
Herbivore-induced plant volatiles (HIPVs) are well known for their roles in herbivore deterrence and attraction of natural enemies, but their direct impact on insect reproduction remains largely unexplored. In this study, we provide novel evidence that two representative HIPVs, 2-heptanol and α-cedrene, exert [...] Read more.
Herbivore-induced plant volatiles (HIPVs) are well known for their roles in herbivore deterrence and attraction of natural enemies, but their direct impact on insect reproduction remains largely unexplored. In this study, we provide novel evidence that two representative HIPVs, 2-heptanol and α-cedrene, exert opposing effects on the reproduction of Chilo suppressalis, a major rice pest. While both volatiles repelled adults, α-cedrene unexpectedly enhanced oviposition, whereas 2-heptanol significantly suppressed egg laying. To examine these effects, we conducted oviposition assays, preoviposition and longevity tests, combined with qPCR and transcriptome analyses to explore underlying molecular responses. Mechanistically, α-cedrene upregulated Kr-h1, a gene linked to juvenile hormone signaling and vitellogenesis, promoting reproductive investment. Transcriptomic profiling revealed divergent molecular responses: α-cedrene activated reproductive pathways, whereas 2-heptanol induced stress- and immune-related genes, suggesting a trade-off between stress defense and reproduction. These findings demonstrate that HIPVs can exert compound-specific reproductive effects beyond repellency. This work fills a key knowledge gap and highlights the potential of HIPVs as precision tools in pest management strategies that exploit behavioral and physiological vulnerabilities beyond repellency. Full article
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23 pages, 849 KiB  
Article
Assessment of the Impact of Solar Power Integration and AI Technologies on Sustainable Local Development: A Case Study from Serbia
by Aco Benović, Miroslav Miškić, Vladan Pantović, Slađana Vujičić, Dejan Vidojević, Mladen Opačić and Filip Jovanović
Sustainability 2025, 17(15), 6977; https://doi.org/10.3390/su17156977 - 31 Jul 2025
Viewed by 172
Abstract
As the global energy transition accelerates, the integration of solar power and artificial intelligence (AI) technologies offers new pathways for sustainable local development. This study examines four Serbian municipalities—Šabac, Sombor, Pirot, and Čačak—to assess how AI-enabled solar power systems can enhance energy resilience, [...] Read more.
As the global energy transition accelerates, the integration of solar power and artificial intelligence (AI) technologies offers new pathways for sustainable local development. This study examines four Serbian municipalities—Šabac, Sombor, Pirot, and Čačak—to assess how AI-enabled solar power systems can enhance energy resilience, reduce emissions, and support community-level sustainability goals. Using a mixed-method approach combining spatial analysis, predictive modeling, and stakeholder interviews, this research study evaluates the performance and institutional readiness of local governments in terms of implementing intelligent solar infrastructure. Key AI applications included solar potential mapping, demand-side management, and predictive maintenance of photovoltaic (PV) systems. Quantitative results show an improvement >60% in forecasting accuracy, a 64% reduction in system downtime, and a 9.7% increase in energy cost savings. These technical gains were accompanied by positive trends in SDG-aligned indicators, such as improved electricity access and local job creation in the green economy. Despite challenges related to data infrastructure, regulatory gaps, and limited AI literacy, this study finds that institutional coordination and leadership commitment are decisive for successful implementation. The proposed AI–Solar Integration for Local Sustainability (AISILS) framework offers a replicable model for emerging economies. Policy recommendations include investing in foundational digital infrastructure, promoting low-code AI platforms, and aligning AI–solar projects with SDG targets to attract EU and national funding. This study contributes new empirical evidence on the digital–renewable energy nexus in Southeast Europe and underscores the strategic role of AI in accelerating inclusive, data-driven energy transitions at the municipal level. Full article
19 pages, 1188 KiB  
Article
Incentive Scheme for Low-Carbon Travel Based on the Public–Private Partnership
by Yingtian Zhang, Gege Jiang and Anqi Chen
Mathematics 2025, 13(15), 2358; https://doi.org/10.3390/math13152358 - 23 Jul 2025
Viewed by 179
Abstract
This paper proposes an incentive scheme based on a public–private partnership (PPP) to encourage low-carbon travel behavior by inducing the mode choice shift from private cars to public transit. The scheme involves three key entities: travelers, the government, and the private sector. Travelers [...] Read more.
This paper proposes an incentive scheme based on a public–private partnership (PPP) to encourage low-carbon travel behavior by inducing the mode choice shift from private cars to public transit. The scheme involves three key entities: travelers, the government, and the private sector. Travelers can choose between private cars and public transit, producing different emissions. As the leader, the government aims to reduce total emission to a certain level with limited budgets. The private sector, as an intermediary, invests subsidies in low-carbon rewards to attract green travelers and benefits from a larger user pool. A two-layer multi-objective optimization model is proposed, which includes travel time, monetary cost, and emission. The objective of the upper level is to maximize the utilities of the private sector and minimize social costs to the government. The lower layer is the user equilibrium of the travelers. The numerical results obtained through heuristic algorithms demonstrate that the proposed scheme can achieve a triple-win situation, where all stakeholders benefit. Moreover, sensitivity analysis finds that prioritizing pollution control strategies will be beneficial to the government only if the unit pollution control cost coefficient is below a low threshold. Contrary to intuition, larger government subsidies do not necessarily lead to better promotion of low-carbon travel. Full article
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22 pages, 774 KiB  
Article
From Responsibility to Returns: How ESG and CSR Drive Investor Decision Making in the Age of Sustainability
by Areej Faeik Hijazin, Sajead Mowafaq Alshdaifat, Ahmad Ali Atieh and Elina F. Hasan
J. Risk Financial Manag. 2025, 18(8), 406; https://doi.org/10.3390/jrfm18080406 - 22 Jul 2025
Viewed by 381
Abstract
This paper examines the moderating role of corporate social responsibility (CSR) on the relationship between environmental, social, and governance (ESG) dimensions and investor decision-making in Jordan. Data were collected using a structured questionnaire designed for institutional investors and financial analysts, capturing perceptions of [...] Read more.
This paper examines the moderating role of corporate social responsibility (CSR) on the relationship between environmental, social, and governance (ESG) dimensions and investor decision-making in Jordan. Data were collected using a structured questionnaire designed for institutional investors and financial analysts, capturing perceptions of ESG, CSR, and investment behavior. A stratified random sample of 350 professionals across the financial, industrial, and service sectors was surveyed. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The findings show that environmental and social dimensions have positive effects on investor decisions, with governance dimensions having a negative effect. Notably, CSR has a negative moderating effect on the governance dimensions and investor decision, with no observed statistical moderating effect for environmental or social dimensions. This research unravels the multidimensional role of CSR in building the ESG-investor decision interface and identifies a counterintuitive negative moderating impact of CSR on governance, contributing to the existing literature on sustainability alignment in emerging markets. The results offer practical implications for companies aiming to attract sustainability-oriented investors by indicating the necessity for an integrated and genuine CSR and ESG approach. Full article
(This article belongs to the Special Issue Bridging Financial Integrity and Sustainability)
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25 pages, 1940 KiB  
Article
Linking R&D Expenditure to Labour Market and Economic Performance: Empirical Evidence from the European Union
by Wojciech Chmielewski, Marta Postuła and Krzysztof Gawkowski
Sustainability 2025, 17(14), 6595; https://doi.org/10.3390/su17146595 - 19 Jul 2025
Viewed by 300
Abstract
This article examines how research-and-development (R&D) expenditure—as a share of GDP—both in total and disaggregated by sector (business enterprise and government)—shapes key socioeconomic outcomes in the EU-27. Drawing on Eurostat panel data for 2013–2022, we estimate fixed- and random-effects models with sector-specific lags. [...] Read more.
This article examines how research-and-development (R&D) expenditure—as a share of GDP—both in total and disaggregated by sector (business enterprise and government)—shapes key socioeconomic outcomes in the EU-27. Drawing on Eurostat panel data for 2013–2022, we estimate fixed- and random-effects models with sector-specific lags. Business R&D expenditure is associated with lower female and male unemployment and faster GDP growth. Government R&D expenditure, by contrast, widens the gender pay gap and dampens GDP per capita after two years, although it attracts foreign direct investment in the short and medium term. The diminishing impact of R&D over time underscores the need for policies that sustain innovation benefits. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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28 pages, 8203 KiB  
Article
Sustainable Development of Central and Northern Euboea (Evia) Through the Protection and Revealing of the Area’s Cultural and Environmental Reserve
by Kyriakos Lampropoulos, Anastasia Vythoulka, George Petrakos, Vasiliki (Betty) Charalampopoulou, Anastasia A. Kioussi and Antonia Moropoulou
Land 2025, 14(7), 1467; https://doi.org/10.3390/land14071467 - 15 Jul 2025
Viewed by 523
Abstract
This study explores a strategic framework for the sustainable development of Northern and Central Euboea (Evia), Greece, through the preservation and promotion of cultural and environmental assets. This research aims to redirect tourism flows from overdeveloped coastal zones to underutilized inland areas by [...] Read more.
This study explores a strategic framework for the sustainable development of Northern and Central Euboea (Evia), Greece, through the preservation and promotion of cultural and environmental assets. This research aims to redirect tourism flows from overdeveloped coastal zones to underutilized inland areas by leveraging local heritage and natural resources. The methodology was developed within the context of the AEI research project and combines bibliographic research, stakeholder consultation, GIS analysis, and socioeconomic assessment. Based on this framework, a series of thematic cultural routes and agritourism initiatives were designed to enhance regional attractiveness and resilience. The study proposes the utilization of ICT tools such as GIS-based mapping, a digital development platform, and an online tourism portal to document, manage, and promote key assets. The socioeconomic impact of the proposed interventions was evaluated using an input–output model, revealing that each EUR 1 million invested in the region is expected to generate EUR 650,000 in local GDP and create 14 new jobs. The results underscore the potential of alternative tourism to stimulate inclusive and sustainable growth, particularly in post-disaster rural regions. This integrated approach can serve as a model for other territories facing similar environmental, economic, and demographic challenges. Full article
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35 pages, 1054 KiB  
Article
Digital Transformation and Precision Farming as Catalysts of Rural Development
by Andrey Ronzhin, Aleksandra Figurek, Vladimir Surovtsev and Khapsat Dibirova
Land 2025, 14(7), 1464; https://doi.org/10.3390/land14071464 - 14 Jul 2025
Viewed by 608
Abstract
The European Union’s developing rural development plan places digital and precision agriculture at the centre of agricultural modernisation and economic development. This article examines how agricultural practices in rural EU regions are being influenced by smart technology, such as drones, IoT sensors, satellite-based [...] Read more.
The European Union’s developing rural development plan places digital and precision agriculture at the centre of agricultural modernisation and economic development. This article examines how agricultural practices in rural EU regions are being influenced by smart technology, such as drones, IoT sensors, satellite-based research, and AI-driven platforms, through an analysis of recent data from sources across the European Union. This study applies a mixed-methods approach, combining quantitative analysis of strategic policy documents and EU databases, to evaluate the ways in which precision agriculture reduces input consumption, increases productivity, reduces labour shortages and rural area depopulation, and improves sustainability. By investing in infrastructure, developing communities for data exchange, and organising training for farmers, European policies such as the Strategic Plans of the Common Agricultural Policy (CAP), the SmartAgriHubs initiative, and the AgData program actively encourage the transition to digital agriculture. Cyprus is analysed as a case study to show how targeted investments and initiatives supported by the EU can help smaller countries, with limited natural resources, to realise the benefits of digital transformation in agriculture. A special focus is placed on how solutions adapted to agro-climatic and socioeconomic conditions can contribute to strengthening the competitiveness of the agricultural sector, attracting young people to get involved in this field and opening up new economic opportunities. The results of previous research indicate that digital agriculture not only improves productivity but also proves to be a strategic mechanism for attracting and retaining young people in rural areas. Thus, this work additionally contributes to the broader goal of the European Union—the development of smart, inclusive, and sustainable rural areas, in which digital technologies are not only seen as tools for efficiency but also as key means for integrated and long-term rural development. Full article
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18 pages, 470 KiB  
Article
The Impact of Financial Development on Renewable Energy Consumption: Evidence from RECAI Countries
by Dilber Doğan, Yakup Söylemez, Şenol Doğan and Neslihan Akça
Sustainability 2025, 17(14), 6381; https://doi.org/10.3390/su17146381 - 11 Jul 2025
Viewed by 397
Abstract
Many environmental risks, such as global warming and depletion of natural resources, force governments to achieve economic growth and financial development without causing environmental degradation. The dependency of countries’ dependence on fossil fuels also causes energy supply security problems due to the associated [...] Read more.
Many environmental risks, such as global warming and depletion of natural resources, force governments to achieve economic growth and financial development without causing environmental degradation. The dependency of countries’ dependence on fossil fuels also causes energy supply security problems due to the associated risks at regional and global levels. These reasons lead countries to diversify and increase their renewable energy investments. In this context, this study focuses on the most attractive countries in terms of renewable energy investments and analyzes the relationships between renewable energy consumption (REC), carbon dioxide emissions (CO2), economic growth (EGRO), financial development (FD), and energy dependence (EDP) using the panel regression method. This research uses data from 38 countries between 1991 and 2021 within the scope of the “Renewable Energy Attractiveness Index” (RECAI) created by Ernst & Young. As a result of the heterogeneity and cross-sectional dependency tests, the data were analyzed using the Westerlund cointegration test, the Augmented Mean Group (AMG) estimator, and the Emirmahmutoglu and Kose causality test. The findings from this study show that FD and EGRO have a positive and significant effect on REC, whereas they have a negative and significant relationship with CO2 emissions. Findings from the causality test show that FD has an impact on both CO2 and EGRO. In addition, within the scope of this study, a causality was determined between EDP and REC, and a mutual relationship between energy demand and CO2 was revealed. In light of these findings, governments should increase their investments in renewable energy to ensure sustainable economic growth and energy supply security while minimizing environmental degradation. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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26 pages, 2151 KiB  
Article
Belt and Road Initiative and Sustainable Development: Evidence from Bangladesh
by Syeda Nasrin Akter, Shuoben Bi, Mohammad Shoyeb, Muhammad Salah Uddin and Md. Mozammel Haque
Sustainability 2025, 17(14), 6234; https://doi.org/10.3390/su17146234 - 8 Jul 2025
Viewed by 711
Abstract
The Belt and Road Initiative (BRI) prioritizes infrastructure investment to enhance regional connectivity and foster sustainable economic development. Therefore, this empirical study aims to examine the impact of the BRI, specifically through Chinese foreign direct investment (CFDI) on sustainable growth in Bangladesh. The [...] Read more.
The Belt and Road Initiative (BRI) prioritizes infrastructure investment to enhance regional connectivity and foster sustainable economic development. Therefore, this empirical study aims to examine the impact of the BRI, specifically through Chinese foreign direct investment (CFDI) on sustainable growth in Bangladesh. The study employs the Mann–Kendall trend analysis and the generalized method of moments (GMM). For the Mann–Kendall trend analysis, sectoral FDI and output data from four major industrial sectors, obtained from Bangladesh Bank and CEIC for the period 1996–2020, are used to analyze trends in industrial development. Additionally, to assess the BRI’s role in sustainable development, this study compares green gross domestic product (GGDP) and gross domestic product (GDP) using a GMM analysis of CFDI inflows across 16 industrial sectors from 2013 to 2022, sourced from various databases. Findings reveal that CFDI significantly contributes to domestic industrial growth, particularly in the manufacturing and construction sectors. Although Bangladesh joined the BRI in 2016, a notable surge in CFDI appears from 2011–2012, partially driven by Bangladesh’s economic liberalization policies, and reflects early strategic investment consistent with China’s expanding economic diplomacy, which was later formalized under the BRI framework. The two-step system GMM results demonstrate that CFDI has a stronger impact on GGDP (0.0350) than on GDP (0.0146), with GGDP showing faster convergence (0.6027 vs. 0.1800), highlighting more robust and rapid sustainable growth outcomes. This underscores the significant Chinese investment in green sectors in Bangladesh. The study also demonstrates that the BRI supports the achievement of Sustainable Development Goals (SDGs) 7 (green energy) and 9 (sustainable infrastructure). These insights offer valuable direction for future research and policy, suggesting that Bangladesh should prioritize attracting green-oriented CFDI in sectors like energy, manufacturing, and construction, while also strengthen. Full article
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24 pages, 651 KiB  
Article
Security Investment and Pricing Decisions in Competitive Software Markets: Bug Bounty and In-House Strategies
by Netnapha Chamnisampan
Systems 2025, 13(7), 552; https://doi.org/10.3390/systems13070552 - 7 Jul 2025
Viewed by 333
Abstract
In increasingly competitive digital markets, software firms must strategically balance cybersecurity investments and pricing decisions to attract consumers while safeguarding their platforms. This study develops a game-theoretic model in which two competing firms choose among three cybersecurity strategies—no action, bug bounty programs, and [...] Read more.
In increasingly competitive digital markets, software firms must strategically balance cybersecurity investments and pricing decisions to attract consumers while safeguarding their platforms. This study develops a game-theoretic model in which two competing firms choose among three cybersecurity strategies—no action, bug bounty programs, and in-house protection—before setting prices. We demonstrate that cybersecurity efforts and pricing are interdependent: investment choices significantly alter market outcomes by influencing consumer trust and competitive dynamics. Our analysis reveals that a bug bounty program is preferable when consumer sensitivity to security and the probability of ethical vulnerability disclosures are high, while in-house protection becomes optimal when firms must rebuild credibility from a weaker competitive position. Furthermore, initial service quality gaps between firms critically shape both investment intensity and pricing behavior. By jointly endogenizing security efforts and prices, this study offers new insights into strategic cybersecurity management and provides practical guidance for software firms seeking to integrate security initiatives with competitive pricing strategies. Full article
(This article belongs to the Section Systems Practice in Social Science)
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13 pages, 1831 KiB  
Article
Sialic Acid and Colchicine Functionalized Silica Nanoparticles: A Novel Approach to Leishmanicidal Selective Treatments
by Adan Jesus Galue-Parra, Sandra Jimenez-Falcao, Esther Arribas-Yuste, Clotilde Marin and Jose Manuel Mendez-Arriaga
Biomedicines 2025, 13(7), 1648; https://doi.org/10.3390/biomedicines13071648 - 6 Jul 2025
Viewed by 523
Abstract
Background/Objectives: Leishmaniasis remains a neglected tropical disease, with nearly one million new cases annually and limited investment in research. Current treatments, primarily based on pentavalent antimonials, are associated with severe side effects and increasing resistance. This study aims to develop a novel therapeutic [...] Read more.
Background/Objectives: Leishmaniasis remains a neglected tropical disease, with nearly one million new cases annually and limited investment in research. Current treatments, primarily based on pentavalent antimonials, are associated with severe side effects and increasing resistance. This study aims to develop a novel therapeutic strategy using a nanomaterial functionalized with sialic acid (SA) and colchicine (COL) to selectively target Leishmania braziliensis parasites. Methods: A nanostructured system was engineered by functionalizing its surface with SA and COL. SA was chosen to mimic host cell surfaces, enhancing parasite attraction, while COL was selected for its known leishmanicidal properties. The nanomaterial was designed to concentrate extracellular parasites on its surface via SA-mediated interactions, thereby increasing local COL efficacy. Results: The functionalized nanomaterial demonstrated a dual mechanism: SA facilitated the selective accumulation of Leishmania braziliensis parasites on the nanostructure surface, while COL exerted a cytotoxic effect. This synergistic interaction resulted in enhanced parasite mortality in vitro, suggesting improved selectivity and potency compared to conventional treatments. Conclusions: The proposed nanomaterial offers a promising alternative for leishmaniasis treatment by combining targeted parasite attraction with localized drug delivery. This strategy may reduce systemic toxicity and improve therapeutic outcomes. Full article
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23 pages, 1585 KiB  
Article
Safe Haven for Bitcoin: Digital and Physical Gold or Currencies?
by Halilibrahim Gökgöz, Aamir Aijaz Syed, Hind Alnafisah and Ahmed Jeribi
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 171; https://doi.org/10.3390/jtaer20030171 - 5 Jul 2025
Viewed by 1235
Abstract
The recent economic turmoil and the increasing volatility of bitcoins have necessitated the need for exploring safe-haven assets for bitcoins. In this quest, the present study aims to investigate the safe haven for bitcoins by examining the dynamic relationship between bitcoins, gold, foreign [...] Read more.
The recent economic turmoil and the increasing volatility of bitcoins have necessitated the need for exploring safe-haven assets for bitcoins. In this quest, the present study aims to investigate the safe haven for bitcoins by examining the dynamic relationship between bitcoins, gold, foreign exchange, and stablecoins. This is achieved by calculating hedge ratios and portfolio weight ratios for various asset classes, by employing adaptive-based techniques such as generalized orthogonal generalized autoregressive conditional heteroscedasticity, corrected dynamic conditional correlation, corrected asymmetric dynamic conditional correlation, and asymmetric dynamic conditional correlation under various market and time-varying conditions. The empirical estimate reveals that all the selected asset classes are effective risk diversifiers for bitcoins. However, among all the asset classes, as per the hedge and portfolio weight ratio, Japanese yen, stablecoin for Japanese yen and Great Britain Pound, and Crypto Holding Frank Token (lowest-cost hedging strategies) are the most effective risk diversifiers when compared with bitcoins. Moreover, while considering external economic shocks, the empirical estimate posits that stablecoins are more stable risk diversifiers compared to the asset class they represent. Furthermore, in terms of the bivariate portfolio analysis formed with bitcoin, this study concludes that the weight of bitcoin is more stable when combined with gold, tether gold, Euro, Great Britain Pound, Swiss franc, and Japanese Yen. Thus, these assets are attractive for long-term investment strategies. This study provides investors and policymakers with significant insight into understanding safe-haven assets for bitcoin’s volatility and constructing a flexible portfolio that is dependent on the investment timeline and the prevailing market conditions. Full article
(This article belongs to the Special Issue Blockchain Business Applications and the Metaverse)
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29 pages, 1010 KiB  
Article
Dissecting the Economics of Tourism and Its Influencing Variables—Facts on the National Capital City (IKN)
by Iis Surgawati, Surya Darma, Agus Muriawan Putra, Sarifudin Sarifudin, Misna Ariani, Ihsan Ashari and Dio Caisar Darma
Tour. Hosp. 2025, 6(3), 125; https://doi.org/10.3390/tourhosp6030125 - 1 Jul 2025
Viewed by 588
Abstract
The field of tourism economics has consistently attracted big attention from scholars across various countries. Tourism is inherently linked to economic aspects. Concurrently, Indonesia has relocated its Ibu Kota Negara/National Capital City, now named “IKN”, from Jakarta to East Kalimantan. In addition to [...] Read more.
The field of tourism economics has consistently attracted big attention from scholars across various countries. Tourism is inherently linked to economic aspects. Concurrently, Indonesia has relocated its Ibu Kota Negara/National Capital City, now named “IKN”, from Jakarta to East Kalimantan. In addition to extensive public infrastructure development, the Indonesian government is also working to revitalize the tourism sector in IKN. To assess the economic feasibility of this sector, an in-depth study is necessary. This research aims to examine labor absorption, tourist visits, and economic growth as indicators of successful tourism economic performance. It also analyzes the variables that influence these indicators, including (1) wages, (2) occupancy rates, (3) room rates, (4) food and beverage facilities, (5) inflation, (6) hotel and lodging taxes, (7) restaurant and eating-house taxes, and (8) investment. The regression testing method employs Ordinary Least Squares (OLS). According to the data analyzed from 2013 to 2024, the authors identified three main points: First, tourist visits and inflation have positive and significant impacts on labor absorption. Second, labor absorption, wages, occupancy rates, economic growth, and investment positively and significantly influence tourist visits. Third, tourist visits, room rates, food and beverage facilities, and inflation have positive and significant effects on economic growth. The implications of this research can be enlightening for regulators and future initiatives. This is particularly important for guiding further empirical investigations and policy planning aimed at accelerating economic development in the tourism sector. Full article
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