The role of financial development indicators in sustainable development-environmental degradation nexus

2021 ◽  
Author(s):  
Xiaolong Li ◽  
Zhiyuan Yu ◽  
Asma Salman ◽  
Qaisar Ali ◽  
Muhammad Hafeez ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Development ◽  
Environmental Degradation ◽  
Development Indicators

scholarly journals Can Indicators Bridge the Gap between Science and Policy? An Exploration into the (Non)Use and (Non)Influence of Indicators in EU and UK Policy Making

2014 ◽  
Vol 9 (3) ◽  
pp. 316-343 ◽  
Author(s):  
Léa Sébastien ◽  
Tom Bauler ◽  
Markku Lehtonen
Keyword(s):  
Sustainable Development ◽  
Case Studies ◽  
Policy Making ◽  
Science And Policy ◽  
Development Indicators ◽  
Energy Indicators ◽  
The Uk ◽  
Evidence For Policy ◽  
The Eu

This article examines the various roles that indicators, as boundary objects, can play as a science-based evidence for policy processes. It presents two case studies from the EU-funded POINT project that analyzed the use and influence of two highly different types of indicators: composite indicators of sustainable development at the EU level and energy indicators in the UK. In both cases indicators failed as direct input to policy making, yet they generated various types of conceptual and political use and influence. The composite sustainable development indicators served as “framework indicators”, helping to advocate a specific vision of sustainable development, whereas the energy indicators produced various types of indirect influence, including through the process of indicator elaboration. Our case studies demonstrate the relatively limited importance of the characteristics and quality of indicators in determining the role of indicators, as compared with the crucial importance of “user factors” (characteristics of policy actors) and “policy factors” (policy context).

scholarly journals The Role of Monitoring in Sustainable Development

2019 ◽  
Vol 7 (1) ◽  
pp. 245-254
Author(s):  
Vladyslav Smilka
Keyword(s):  
Sustainable Development ◽  
Sustainable Consumption ◽  
Monitoring And Evaluation ◽  
International Standards ◽  
Management Decision ◽  
National Agency ◽  
The Sustainable Development ◽  
Development Indicators ◽  
Object State

Abstract The field of sustainable development has global goals focused on the repletion of wants of natural resources for present-day generations in terms of sustainable consumption so that future generations can meet their needs. Sustainable development can be achieved by substantially transforming national agency systems. The aim of the research is to determine role of monitoring and evaluation in the system of sustainable development of the territory. The methods used in this study are general scientific techniques and methods – analysis, logical access method, monographic and other methods. Some international standards for sustainable development have been adopted today. Monitoring and targeted indicator ratings are measures that promote sustainable development. The following conceptual approaches to monitoring can be distinguished for the purpose of monitoring: 1) monitoring as information and analytical support for the management decision support system; 2) monitoring aimed at generating new knowledge; 3) monitoring as a system for tracking quantitative and qualitative changes; 4) monitoring as sequential activity algorithm; 5) object state on-line monitoring; 6) proactive monitoring. Aims should be set to manage the sustainable development process and evaluate the effectiveness of the tools used to achieve it. Sustainable development indicators are necessary to establish the degree of responsibility of their values to the criteria for sustainable development.

The Role of Technology to Achieve Sustainable Economic Development in Africa

2016 ◽  
Vol 4 (2) ◽  
pp. 30-41
Author(s):  
Sally M. Farid
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
African Countries ◽  
Potential Growth ◽  
Annual Series ◽  
Development Indicators ◽  
Telecommunications Infrastructure ◽  
Sustainable Economic Development ◽  
The World

Objective - The purpose of this paper is to study how the technological innovation can achieve and promote sustainable development particularly in Africa. It considers forms of innovation technology that could enhance sustainable development. Methodology/Technique - The data used in this paper includes 54 African countries and the study period is from 2000 to 2014, using data on IT that measures the stock of telecommunications infrastructure as telecommunications investment. The GDP series represents annual real GDP in the prices of 2000. Annual series for IT and GDP were collected from the World Development Indicators of the World Bank database in 2015. Findings - The paper presents the concept and strategies of Sustainable Economic Development, discusses existing technologies in sustainable development, shows the role of technology in sustainable development, and presents the information and communication technology to promote economic development in Africa and the obstacles to set up policies for innovation technology in Africa. Novelty - The results have major implications. Firstly, the access to telecommunications services contributes towards economic growth. Secondly, an appropriate regulatory environment is necessary to realize the potential growth in telecommunications demand generated by increased income. Type of Paper - Empirical Keywords: Technology; Sustainable Economic Development; ICT in Africa.

The role of financial development and corruption in environmental degradation of Sub-Saharan African countries

2020 ◽  
Vol 31 (4) ◽  
pp. 895-913 ◽  
Author(s):  
Nura Sani Yahaya ◽  
Mohd Razani Mohd‐Jali ◽  
Jimoh Olajide Raji
Keyword(s):  
Financial Development ◽  
Environmental Degradation ◽  
Empirical Studies ◽  
Ordinary Least Squares ◽  
Efficient Technology ◽  
African Countries ◽  
Credit Allocation ◽  
Content Type ◽  
Sub Saharan

PurposeThis study examines the role of financial development and its interaction with corruption in the environmental degradation of eight Sub-Saharan African countries from 2000–2014.Design/methodology/approachThe study utilizes Pedroni cointegration and fully modified ordinary least squares (FMOLS) techniques for the estimation of the models.FindingsThe results of the cointegration test reveal that there exist long-run relationships among the variables in the model with the interaction of financial development and corruption, and in the model without interaction. The FMOLS estimates show that in the former model, the interaction of financial development with corruption is positively significant in determining the level of environmental degradation in those countries. Moreover, in the latter, financial development, trade openness, and corruption have a positive effect on their environmental degradationResearch limitations/implicationsUnavailability of data, the study was limited to only eight Sub-Saharan African nationsPractical implicationsThe finding that financial development and its interaction with corruption have an adverse effect on the environments of the Sub-Saharan African countries implies the need to focus on how efficient credits are being allocated in those countries. For better management of environmental quality, this may require the implementation of policies that enhance credit allocation to users with energy-efficient technology and appliances that promote the quality of environments. In addition, stringent policies could be embarked upon to curtail all acts of corruption in the region for an efficient credit allocation and a better environment in the development of Sub-Saharan African society.Originality/valueThe dearth in empirical studies on the Sub-Saharan African countries motivates this study. In particular, little is known about the interaction effect of corruption and financial development on the environmental degradation of those countries, as the work on this is limited in the existing literature.

scholarly journals Determinants of Environmental Quality in Nigeria: Assessing the Role of Financial Development

2018 ◽  
Vol 3 (1) ◽  
pp. 55-78 ◽  
Author(s):  
Ekundayo Peter Mesagan ◽  
Mike I. Nwachukwu
Keyword(s):  
Energy Consumption ◽  
Financial Development ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Capital Investment ◽  
Principal Component ◽  
Low Carbon ◽  
Bounds Testing ◽  
Analyze Data

In this study, we analyze the determinants of environmental quality in Nigeria, focusing on the role of financial development. It is a time series analysis covering the period from 1981 to 2016. The study uses the ARDL bounds testing approach to analyze data on urbanization, per capita income, environmental degradation, energy consumption, trade intensity, and capital investment. We generate the environmental degradation index using principal component analysis (PCA). Empirical results suggest that income, financial development, energy consumption, and trade are significant in explaining environmental quality, whereas investment and urbanization are insignificant in the model. Moreover, we find no causality between the capital investment, financial development, and environmental quality, although urbanization and income unidirectionally cause environmental degradation. Also, there exists a bidirectional causality between energy consumption and environmental degradation. Therefore, to ensure efficient credit allocation to low carbon emitting firms, financial sector operators should adequately screen investment proposals before committing funds to them.

scholarly journals Does Foreign Aid Promote Financial Development in the Economic Community of West African States (ECOWAS)?

2020 ◽  
Vol 5 (2) ◽  
pp. p39
Author(s):  
W. Jean Marie Kébré
Keyword(s):  
Foreign Aid ◽  
Financial Development ◽  
Developed Countries ◽  
Ordinary Least Squares ◽  
West African ◽  
International Financial Institutions ◽  
Economic Community ◽  
Development Indicators ◽  
Negative Effect

This article analyzes relationship between foreign aid and financial development in ECOWAS countries. These countries receive aid flows from developed countries and from international financial institutions. The article’s idea is to evaluate this aid effects on financial development and to assess role of governance on this relationship. The analysis uses panel data from ECOWAS countries over the period 1984-2016. The estimations’ results, based on Dynamic ordinary least squares (DOLS) estimator, show that aid is negatively and significantly linked with financial development indicators used. These results suggest that aid is an obstacle to financial development. Governance role tests do not change the negative effect of aid on financial development. However, the magnitude of the negative effect of interactive variables (with governance variables) is less than aid direct effect on financial development. These results suggest that an additional effort to improve governance in these countries would reduce aid negative effect on financial development, or even reverse this effect.

scholarly journals The Measurement of Sustainable Development in Indonesia

2014 ◽  
Vol 15 (1) ◽  
pp. 68 ◽  
Author(s):  
Akhmad Fauzi ◽  
Alex Oxtavianus
Keyword(s):  
Sustainable Development ◽  
International Development ◽  
Environmental Degradation ◽  
Millennium Development Goals ◽  
Quality Index ◽  
Sustainable Development Goals ◽  
Composite Indicator ◽  
Social Dimensions ◽  
Development Indicators ◽  
Development Goals

Nearly the end of the Millennium Development Goals (MDGs) era, bring back ideas for looking international development goals. Sustainable Development Goals (SDGs) is one of them. In this study, sustainable development has defined as the balance of economic, social and environmental. The achievement of sustainable development is measured by using two different approaches, partial and composite indicator. Partial development indicators showed progress in economic and social dimensions. However, progress in these areas seems to put pressure on the environment. Sustainable Development Index (IPB), which is a composite of GDP, HDI and IKLH (Environmental Quality Index) also gives the same message. By using a balance between dimensions of development technique, as chosen scenario, sustainable development in Indonesia reached about two-thirds of the maximum target. Hight progress in economic and social ultimately corrected by environmental degradation.

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