scholarly journals Does the combining effects of energy and consideration of financial development lead to environmental burden: social perspective of energy finance?

2021 ◽  
Author(s):  
Fengsheng Chien ◽  
Ka Yin Chau ◽  
Sri Utami Ady ◽  
YunQian Zhang ◽  
Quyen Ha Tran ◽  
...  
Keyword(s):  
Financial Development ◽  
Environmental Sustainability ◽  
Policy Design ◽  
Social Performance ◽  
Composite Index ◽  
Data Envelopment ◽  
Multiple Indicators ◽  
Sustainable Policy ◽  
The Usa ◽  
The Uk

AbstractIn light of the rapidly growing industrialization in BRICS and G7 regions, thorough energy, financials, and environmental analyses are essential for sustainable financial development in these countries. In this context, this work analyzes the relationship between energy, financial, and environmental sustainability and the regions’ social performance. Data from 2000 to 2017 is analyzed through a data envelopment analysis (DEA) like a composite index. Results show China and Brazil’s better performance in the region, with a sustainability score of 0.96, India was the third, followed by South Africa and Russia. Japan, the UK, and the USA were the most energy-efficient countries for five consecutive years. A 0.18%, 0.27%, 0.22%, 0.09%, 0.31%, and 0.32% reduction in carbon emission is observed with a 1% increase in R&D costs by Canada, France, Germany, Italy, Japan, and the USA, respectively. This work contributes to the existing literature regarding an eco-friendly sustainable policy design for the G7 countries based on multiple indicators.

scholarly journals Sustainability in Universities: DEA-GreenMetric

2019 ◽  
Vol 11 (14) ◽  
pp. 3766 ◽  
Author(s):  
Rosa Puertas ◽  
Luisa Marti
Keyword(s):  
Waste Treatment ◽  
Environmental Issues ◽  
Three Dimensions ◽  
Data Envelopment ◽  
Or Education ◽  
Homogeneous Groups ◽  
Synthetic Indicator ◽  
Complete Ranking ◽  
The Usa ◽  
The Uk

Many universities are currently doing important work not only on environmental issues, but also on social and economic matters, thereby covering the three dimensions of sustainability. This paper used data envelopment analysis to construct a synthetic indicator based on the variables that make up the UI GreenMetric. The aim was to quantify the contribution of universities to sustainability, rank all campuses accordingly, and evaluate specific aspects of their related institutional policies. First, cluster analysis was applied, yielding four homogeneous groups of universities. DEA was then applied to these clusters in order to construct the synthetic indicator. The proposed indicator, DEA-GreenMetric, revealed that the USA and the UK were the countries that were home to the greatest number of universities actively involved in all aspects of sustainability. In addition, this new index provides a complete ranking of universities, circumventing the issue of the duplicate scores assigned by UI GreenMetric. Finally, it can be seen that greater efforts are required for universities to improve their performance relating to environmental variables (energy, water use, and waste treatment) than to make improvements in infrastructure, transport, or education.

scholarly journals Sustainable development policies as indicators and pre-conditions for sustainability efforts at universities

2018 ◽  
Vol 19 (1) ◽  
pp. 85-113 ◽  
Author(s):  
Walter Leal Filho ◽  
Luciana Londero Brandli ◽  
Deisi Becker ◽  
Constantina Skanavis ◽  
Aristea Kounani ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Environmental Sustainability ◽  
Content Type ◽  
Mixed Methods Approach ◽  
Development Policies ◽  
Formal Policy ◽  
The Usa ◽  
The One ◽  
The Uk ◽  
Practical Implications

Purpose There is a widely held belief that sustainable development (SD) policies are essential for universities to successfully engage in matters related to sustainability, and are an indicator of the extent to which they are active in this field. This paper aims to examine the evidence which currently exists to support this assumption. It surveys a sample of universities in Brazil, Germany, Greece, Portugal, South Africa and the UK and the USA to ascertain the extent to which universities that are active in the field of sustainable development have formal policies on sustainable development, and whether such policies are a pre-condition for successful sustainability efforts. Design/methodology/approach The study involved 35 universities in seven countries (five universities respectively). A mixed-methods approach has been used, ranging from document analysis, website analysis, questionnaires and interviewing. Findings Although only 60 per cent of the sampled universities had a policy that specifically addressed SD, this cannot be regarded as an indicator that the remaining 40 per cent are not engaged with substantial actions that address SD. Indeed, all of the universities in the sample, regardless of the existence of a SD formal policy, demonstrated engagement with environmental sustainability policies or procedures in some form or another. This research has been limited by the availability and ability to procure information from the sampled universities. Despite this, it is one of the largest research efforts of this kind ever performed. Research limitations/implications This research has been limited by the availability and ability to procure information from the sampled universities. Practical implications The findings provide some valuable insights into the connections between SD policies on the one hand and the practice of sustainable development in higher education institutions on the other. Social implications Universities with SD policies can contribute to models of economic growth consistent with sustainable development. Originality/value The study is the one of the largest research efforts of this kind ever performed.

scholarly journals Innovative Carbon Mitigation Techniques to Achieve Environmental Sustainability Agenda: Evidence from a Panel of 21 Selected R&D Economies

Atmosphere ◽  
2021 ◽  
Vol 12 (11) ◽  
pp. 1514
Author(s):  
Muhammad Khalid Anser ◽  
Shujaat Abbas ◽  
Abdelmohsen A. Nassani ◽  
Mohamed Haffar ◽  
Khalid Zaman ◽  
...  
Keyword(s):  
Financial Development ◽  
Carbon Emissions ◽  
Environmental Sustainability ◽  
Energy Demand ◽  
Composite Index ◽  
Carbon Pricing ◽  
Development Index ◽  
Carbon Reduction ◽  
Knowledge Innovation ◽  
Financial Development Index

Technological innovation in the energy sector is highly needed to reduce carbon emission costs, which requires knowledge spillovers, financial development, and carbon pricing to achieve a green developmental agenda. The current study examines the role of knowledge innovations in achieving the environmental sustainability agenda under financial development and carbon pricing in a panel of 21 selected R&D economies from 1990 to 2018. The study constructed a composite index of financial development and knowledge innovation in the carbon pricing model. The results show that carbon pricing, a financial development index, innovation index, and energy demand fail to achieve stringent carbon reduction targets. A U-shaped relationship is found between carbon emissions and per capita income in the absence of a financial development index and trade openness. At the same time, this study shows the monotonic decreasing function in the presence of all factors. The causality estimates confirmed the feedback relationship between carbon pricing and carbon emissions, carbon pricing and the financial index, and the financial development index and innovation index. Further, the causality results established the carbon-led financial development and innovation, growth-led carbon emissions, and trade-led emissions, pricing, and financial development in a panel of selected countries. The estimates of the innovation accounting matrix (forecasting mechanism) confirmed the viability of the environmental sustainability agenda through carbon pricing, knowledge innovation, and financial development over a time horizon. However, these factors are not achievable carbon reduction targets in a given period. The study concludes that carbon pricing may provide a basis for achieving an environmental sustainability agenda through market-based innovations, green financing options, and improved energy resources. This would ultimately help desensitize carbon emissions across countries.

scholarly journals Finance-Growth Nexus Revisited: Empirical Evidence from Six Countries

2018 ◽  
Vol 65 (3) ◽  
pp. 247-268 ◽  
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Causal Relationship ◽  
Financial Development ◽  
Feedback Loop ◽  
Long Run ◽  
Study Results ◽  
The Usa ◽  
Short Run ◽  
The Uk

Abstract This paper investigates the dynamic causal relationship between bank-based financial development and economic growth, and between market-based financial development and economic growth in six countries during the period from 1980 to 2012. The causal relationship was found to vary largely across countries and over time. In general, bank-based financial development seems to Granger-cause economic growth in the UK and only in the long run in Australia. However, there is a feedback loop in Brazil and Australia, but only in the short run for the latter. In Kenya, South Africa and USA, the results support the neutrality hypothesis. The study results further indicate short-run unidirectional causality from market-based financial development to economic growth in the USA. Evidence of the feedback loop was found in Kenya, while the demand-following hypothesis found support only in South Africa and Brazil. However, the neutrality view was supported in Australia and the UK.

An early mainstream economist from Hungary: István Varga (1897–1962)

2003 ◽  
Vol 53 (2) ◽  
pp. 195-213 ◽  
Author(s):  
K. Majoros
Keyword(s):  
Austrian Economic ◽  
National Income ◽  
Anglo Saxon ◽  
Turbulent Times ◽  
The Usa ◽  
New Ideas ◽  
Modern Economic ◽  
The Uk ◽  
Economic Thinking ◽  
Lasting Influence

The study introduces a Hungarian economic thinker, István Varga*, whose valuable activity has remained unexplored up to now. He became an economic thinker during the 1920s, in a country that had not long before become independent of Austria. The role played by Austria in the modern economic thinking of that time was a form of competition with the thought adhered to by the UK and the USA. Hungarian economists mainly interpreted and commented on German and Austrian theories, reasons for this being that, for example, the majority of Hungarian economists had studied at German and Austrian universities, while at Hungarian universities principally German and Austrian economic theories were taught. István Varga was familiar not only with contemporary German economics but with the new ideas of Anglo-Saxon economics as well — and he introduced these ideas into Hungarian economic thinking. He lived and worked in turbulent times, and historians have only been able to appreciate his activity in a limited manner. The work of this excellent economist has all but been forgotten, although he was of international stature. After a brief summary of Varga’s profile the study will demonstrate the lasting influence he has had in four areas — namely, business cycle research and national income estimations, the 1946 Hungarian stabilisation program, corporate profit, and consumption economics — and will go on to summarise his most important achievements.

Neurosurgical activity during COVID-19 pandemic: an experts' opinion from China, South Korea, Italy, the USA, Colombia, and the UK

2020 ◽  
Vol 64 (4) ◽  
Author(s):  
Marco M. Fontanella ◽  
Giorgio Saraceno ◽  
Ting Lei ◽  
Joshua B. Bederson ◽  
Namkyu You ◽  
...  
Keyword(s):  
South Korea ◽  
The Usa ◽  
The Uk

Benchmarking Risk Analysis Practice in the International Water Sector

2006 ◽  
Vol 1 (2) ◽  
Author(s):  
B.H. MacGillivray ◽  
P.D. Hamilton ◽  
S.E. Hrudey ◽  
L. Reekie ◽  
S.J.T Pollard
Keyword(s):  
Decision Making ◽  
Risk Analysis ◽  
Water Utilities ◽  
Water Sector ◽  
Water Utility ◽  
Analysis Techniques ◽  
The Usa ◽  
International Water ◽  
Practical Guidance ◽  
The Uk

Risk analysis in the water utility sector is fast becoming explicit. Here, we describe application of a capability model to benchmark the risk analysis maturity of a sub-sample of eight water utilities from the USA, the UK and Australia. Our analysis codifies risk analysis practice and offers practical guidance as to how utilities may more effectively employ their portfolio of risk analysis techniques for optimal, credible, and defensible decision making.

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