Sustainable Growth Model Research Articles

Heterogenous influence of productive capacities pillars and natural resources on ecological sustainability in developing Belt and Road host countries

Global climate change and environmental pollution force humanity to create new sustainable growth models. Growth policy relies heavily on the pillars of sectoral productivity: resource efficiency and sustainable resource management. This research adds to the determination of the impact of the numerous productive capacity indices (PCI) and natural resources on the ecological sustainability of emerging Belt and Road host nations from 2000 to 2018. The study utilized the system generalized method of moments (Sys-GMM) and the Feasible generalized least squares (FGLS) estimators to analyze the association among the variables. The empirical findings suggest that cumulative PCI and technological innovation have a promising impact on emissions reduction, while natural resources positively derive emissions. Manifestly, sub-indicators of PCI offer heterogeneous outcomes. Productive capacities in human capital, ICT, energy, and governance encourage ecological sustainability, while transport, private sector development, and structural change increase emissions. Augmented Mean Group estimator also validates similar findings. This research suggests improving operational efficiencies and productive capacities leads to better ecological outcomes.

Economic Empowerment of Tribal Women Artisans of Malkangiri through Micro-finance and Micro-credit – A Suggestive Growth Model of Sustainability

Empirically, empowerment denotes a degree of autonomy and selfdetermination enabling the people to represent their interest by acting on their own authority and power to control their lives, while sustainability generates the ability to maintain a balance between the need and avoids the depletion of natural resources for the balanced economic growth, thought for social-wellbeingand attention for the need of future generations.Enterprising the two in development philosophy, Amartya Sen’s Capability Approach acclaims that the poverty has its roots in the deprivation of basic capabilities, not due to the a consequence of low income. Through inclusive welfare approach, the development perspective provides people greater freedom and choice to increase capabilities; to focus not only on the means but also on people's ends, and on the freedom (constitutive and instrumental) needed to satisfy these ends. Microfinance and micro-credit are in the one instrumental freedom that involves access to credit and capital for the poor borrowers lacking collaterals. The paper is an humble attempt of research on the excluded tribal women artisans of Malkangiri and their basic threshold of capability as the central social goal for their inclusive development. Investigating the observations, the present study aims to examine the level of women's empowerment, as promoted by the introduction of micro-finance and micro-credit programs, in one of the least developed districts of India - Malkanagiri, in Odisha; and thereafter, it proposes a sustainable suggestive growth model based on the findings.

The impact of the Covid-19 pandemic on the hotel Industry’s economic performance: Evidence from Portugal

This paper estimates the impact of the Covid-19 pandemic on the economic and financial performance of the Portuguese mainland hotel industry. For that purpose, we implement a novel empirical approach to gauge the impact of the pandemic during the 2020–2021 period in terms of the industry's aggregated operating revenues, net total assets, net total debt, generated cash flow, and financial slack. To that end, we derive and estimate a sustainable growth model to project the 2020 and 2021 ‘Covid-free’ aggregated financial statements of a representative Portuguese mainland hotel industry sample. The impact of the Covid pandemic is measured by the difference between the ‘Covid-free’ financial statements and the historical data drawn from the Orbis and Sabi databases. An MC simulation with bootstrapping indicates that the deviations of the deterministic from the stochastic estimates for major indicators vary between 0.5 and 5.5%. The deterministic operating cash flow estimate lies within plus or minus two standard deviations from the mean interval of the operating cash flow distribution. Based on this distribution, we estimate the downside risk, measured by cash flow at risk, at 1294 million euros. Overall findings shed some light on the economic and financial repercussions of extreme events such as the Covid-19 pandemic, providing us with a better understanding of how to design public policies and business strategies to recover from such an impact.

Citizens’ perception of the role of urban nature-based solutions and green infrastructures towards climate change in Italy

Climate change in recent years is shaping society’s habits and life in large cities, then it will be necessary to plan and design nature-based urban solutions to meet different interests and needs. To enable this approach between cities, urban green spaces and climate change, sustainable and resilient urban growth models are needed, planned with the contribution of citizens as priority stakeholders. Citizens perceive and attribute value to Green Infrastructures (GIs), albeit in relation to different socio-economic and environmental variables, the assessment of which has only recently been addressed in specific research. This research analysed citizens’ perceptions of GIs in combating the effects of the climate change. In particular, it revealed the degree of awareness of climate change, the value attributed to GIs and, finally, the willingness to pay to contribute to the maintenance of GIs in the city. The survey was carried out in the city of Catania (Italy), through the administration of questionnaires to a sample of residents (n = 500). The results show that the citizens involved perceive GIs as strategic elements of the quality of urban life, although they are not always aware of their positive impact on climate change. Interest in the co-management of GIs was higher in the case of crowdfunding. An integrated two-step methodological scheme was applied (divided in two phases, univariate and multivariate statistical analysis), which proved effective in analysing the different needs perceived by citizens. This approach could become a useful tool for planning GIs, especially in the current context in which cities are facing challenges related to climate change and changing societal needs. Understanding citizens’ views will be strategic in directing public investments towards GIs that can improve the quality of life in the urban ecosystem.

Preface

The 4th International Conference on Materials Research and Innovation (ICMARI 2022) was held on 15th - 16th December 2022, Bangkok, Thailand. The conference was conducted in frontier research on materials research and Innovation including Rubber and Polymeric Materials, Bio- and Circular-materials, and Special Advanced Materials. This 4th ICMARI was announced to focused on the Bio-Circular-Green Economic Model or BCG. The BCG has been applied by the research community and promoted by the Thai government as a new economic model for inclusive and sustainable growth, this BCG model also conforms with the UN Sustainable Development Goals (SDGs). The 4th ICMARI was a great opportunity for all participants to exchange knowledge and strengthen the research collaboration not only in ASEAN but also around the world. We hoped that the participants are fruitful by plenary and invited speakers from novel knowledge to new applications in the field of materials research and innovation.Thank you all for participating,ICMARI 2022 Organizing CommitteeList of Organizing Committee, Peer review statement are available in this Pdf.

Indian education through a G20 lens-Ensuring continuity of sustainable development

Beginning with a global inquiry for increasing technology-enabled learning and education, this article analyses Indian education policy responses in G20 nations. Educators and students in India are generally well-prepared to use best practices in tech-related education. Therefore, the G20 partnership must think about how to best encourage the development of educational systems and practices that are robust, efficient, equitable, and adaptive in order to better respond to and lessen the effects of current and future crises (United Nations 2020a; Reimers and Schleicher 2020). In this context, it is currently necessary to make provisions to improve access to the technology infrastructures for remote education within and outside the G20 countries. Additionally, to facilitate safer and more fluid transitions to remote modes of EduTech during school education in India is disrupted, educators, students, and parents require help and direction. Finally, the G20 must immediately look into more sustainable growth models in case the education sector experiences long-term difficulties.

Agritourism Development: Designing an Effective Model for Sustainable Growth

The emergence of agritourism th has been accelerated by the COVID-19 pandemic. However, agritourism development faces various obstacles, most notably the absence of standard frameworks and models to guide their development. In addition, agritourism will be related to product characteristics and agricultural production systems that have a high risk, so it requires a specific model. This research introduces a systematic approach to agritourism development by constructing an effective model that aims to achieve sustainable growth in rural areas. To achieve this, the PRISMA method for literature study was used. It is an evidence-based minimum set of items for reporting in systematic reviews. There are several issues in agritourism development, including agribusiness management, impact management, institutional and support facilities, as well as risk mitigation, are also encountered. This study emphasizes the importance of model design in agritourism development, taking into account: dimensions of sustainability, involved actors, and support system. Strategies for sustainable agritourism development involve value addition through product and service diversification, sustainable marketing development, network and partnership development, environmental conservation, and empowerment of the local community. The findings of this study make a valuable contribution to the existing literature on agro-tourism development by offering a systematic approach and an effective model for promoting sustainable growth.

Modelling sustainable development of industrial systems

This paper describes a methodological approach that has been developed by the authors for assessment and modelling of sustainable development of industrial systems. Based on experimental testing of this methodological approach applied to the Republic of Tatarstan as an exemplary region, the authors have determined the industry-specific trends in terms of sustainable development of industrial complexes, which are regarded as the dominant elements of the sustainable economic growth process with prevalence of the upstream and high-tech sectors of the economy, along with unstable industries represented by low-tech sectors, as well as the so-called economic growth reinforcing industries. For each identified industrial group, prospects of growth and development have been evaluated as well. In this study the authors have also developed the sustainable growth models involving the models of production functions relevant to definite industrial groups (clusters). The authors furthermore have identified the key factors that are instrumental in better functioning of such groups (clusters). In the course of the production functions modelling, a closer connection between the economic potential and human capital has been tracked, which is particularly exemplified by two out of the three clusters being under review in this paper, namely, in volatile sectors of the economy, as well as in the economic growth reinforcing industries, but with one exception, however, involving the cluster of the economic development dominant elements – the upstream sector of the economy. As such, based on the resulting data, this study sets out the proofs of the “growing heaviness” of the economic development process due to the capital-intensive elements of the upstream sector of the economy, as opposed to a more flexible factor – the human capital.

Investigating the impacts of biomass energy consumption and natural resource rent on economic growth under various regimes in emerging economies.

In view of the increase in environmental degradation and the deterioration of natural resources, a set of previous studies has focused on clean energy sources, especially biomass energy. Although studies on the effects of biomass energy on economic growth have been given increasing attention recently, this research topic remains insufficiently investigated and the results remain inconclusive. Emerging countries, whether or not they are abundant in natural resources, rely heavily on energy sources that promise economic growth while being clean. This study examines the effects of biomass energy and natural resource rents on economic growth in the case of 14 selected emerging countries during the period 1984-2017, by applying a long-term approach and also following an analysis of various effects under different quantiles. The paper is aimed at developing a sustainable growth model by studying the varying economic effects of biomass energy consumption and natural resource rents (NRR) at different scales of economic growth. The purpose of the paper is, therefore, to verify whether biomass energy as a renewable energy can constitute a lever for economic expansion in different economic cycles. Panel quantile regression was used to analyze the varying effects of biomass energy consumption on economic growth, supported by a long-term analysis based on the Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) methods. The findings showed that emerging countries did not experience the same effects of biomass energy and natural resource rents on their economic growth. Indeed, the results of the quantile regression support the neutral hypothesis and suggest that biomass energy and natural resource rents do not have positive effects on economic growth whatever the level of economic development of the selected emerging countries. Further analysis revealed that the growth hypothesis is confirmed only for Oil-Rich Emerging Countries (OREC) and for medium and high levels of economic growth. The long-term analysis based on the FMOLS and DOLS techniques also supports the positive effects of biomass energy consumption on economic growth. The findings also indicated that only Brazil, Russia, India, and China (BRIC countries) benefit from positive effects of natural resource rents on economic growth in the long term and for the different quantiles. The originality of this paper lies in its provision of a method for decision makers to reconcile natural resources and biomass energy as a renewable energy source in their economic development strategies based on recorded economic growth.

2030 Agenda: discussion on Brazilian priorities facing air pollution and climate change challenges.

The advance of human activities in a disorderly way has accelerated in recent decades, intensifying the environmental impacts directly linked to these practices. The atmosphere, essential for the maintenance of life, is increasingly saturated with pollutants, offering risks to practically all the inhabitants of the planet, a process that, in addition to causing illness and early mortality, is related to serious financial losses (including in the production of goods), dangerous temperature increase and severe natural disasters. Although this perception is not recent, the global initiative to control the different mechanisms that trigger the commitment of biodiversity and irreversible climate changes arising from pollution is still very incipient, given that global initiatives on the subject emerged just over 50years ago. Brazil is a territory that centralizes many of these discussions, as it still faces both political and economic obstacles in achieving a sustainable growth model as it was agreed through the United Nations 2030 Agenda. Even though there is little time left for the completion of these goals, much remains to be done, and despite the fulfillment of this deadline, the works will certainly need to be extended for much longer until an effective reorientation of consciousness occurs. Scientific researches and discussions are fundamental tools to the understanding of issues still little explored in this field.

Integrating economic growth with the environmental intensity of human well-being: evidence from Bhutan

ABSTRACT This paper studies whether the carbon intensity of human well-being has an Environmental Kuznets Curve (EKC) pattern with respect to economic growth in Bhutan using annual data from 1971 to 2018. Furthermore, it examines the short-term and long-term dynamics of the causal relation between emissions and growth in wealth and also whether recent trends of economic growth are carbon neutral. Econometric estimations, such as ordinary least squares, vector error correction model and variance decomposition, are applied alongside other appropriate statistical tests. The findings show that, in Bhutan, the carbon intensity of human well-being increases with economic growth and fails to support the EKC hypothesis. Long-run causality was found running from the carbon intensity of human well-being to GDP per capita and also from population growth to GDP per capita. The econometric analysis also revealed that the increasing emission of carbon dioxide is being absorbed and its negative effects are negated through rising forest cover hence, Bhutan appears to be a carbon-neutral nation. This paper is a valuable contribution to the literature and has significant policy implications. Furthermore, it provides an integrated and sustainable growth model discourse to the rest of the world which is ailing with severe emissions and climate change.

대한민국의 직업교육훈련 ODA 협력관계 발전에 관한 연구 - 한독협력사업을 중심으로 -

The cooperation between the two countries, which began in 1961 when the German government established the Korea-German Industrial School in Incheon, maintained a close cooperative relationship through mutual exchanges even after the support project ended in 1993. From the 1960s to the early 1990s, the German government unilaterally supported Korea, and the two countries maintained mutual exchanges from the 1990s. It has grown into a partnership to build a cooperative relationship by jointly carrying out ODA projects. Meanwhile, Korea, as a donor country, has been promoting vocational education and training support projects in various developing countries for over 40 years, starting with the Indonesian Vocational Training Center support project in 1986, but there is no case of long-term cooperation such as that between Korea and Germany. Through the study on the development of the Korea-Germany long-term cooperative relationship, we are able to understand the need to build a sustainable growth model based on the demand in the field of vocational education and training in the recipient countries. And we are able to understand that the experience of cooperation between Korea and Germany can be a practical model for Korea's TVET cooperation projects in the future.

Corporate social Responsibility and Sustainable Growth —— A Circular Evolution Model

The article first sorts out, summarizes and comments the literature of sustainable growth, then points out that the relevance of sustainable growth of CSR should be viewed from the long-term time dimension, and based on the long-term perspective, the relationship between stakeholders will produce different credit capital, and they can produce synergies, reduce the development resistance, improve the competitive advantage, increase the long-term value of the enterprise, and finally realize the sustainable growth of enterprises. This paper constructs the circular evolution model of corporate social responsibility and sustainable growth, and puts forward suggestions on the emphasis on social responsibility.

Istanbul as a "City of Design"

Istanbul as a "City of Design"

Annexing a smart sustainable business growth model for small and medium enterprises (SMEs)

Annexing a smart sustainable business growth model for small and medium enterprises (SMEs)

Assessment of Liquid and Solid Digestates from Anaerobic Digestion of Rice Husk as Potential Biofertilizer and Nutrient Source for Microalgae Cultivation

The need to embrace a circular economy model for sustainable growth and development is increasing due to the rise in human population and the dwindling natural resources available to meet the demands for energy and food. In this study, anaerobic digestion of rice husk (RH) was carried out under mesophilic conditions to produce biogas and digestates. Two particle sizes (300 and 600 μm) and three dilution ratios (1:4, 1:6, and 1:8) were employed to determine the optimum conditions for biogas production. The best anaerobic digesters (300 μm/1:6 and 600 μm/1:4) in each of the categories produced a cumulative biogas of 3205 + 290 mL and 2310 + 320 mL, respectively. The digestates were separated into solid and liquid fractions and characterized to evaluate their potential as biofertilizers and nutrient sources for microalgae cultivation. The nitrogen and phosphorus contents of the solid fractions (1.00 ± 0.01 and 0.97 ± 0.04) were significantly higher (p < 0.05) than the liquid fractions whereas the liquid fractions had a higher potassium content than the solid fractions. The absence of heavy metals in the digestates confirmed their safe application as biofertilizers. The pH values of 4.70 and 5.50 reported in this study for liquid digestates are appropriate for the cultivation of some strains of microalgae that thrive in an acidic medium. The ammonium nitrogen contents of the liquid digestates (0.03% + 0.00% and 0.04% ± 0.00%) were moderate and not as high as some values reported to inhibit the growth of some species of microalgae. However, the brownish color of the liquid digestates could impair microalgae growth; thus, there is a need for dilution to increase light penetration.

Preface

The 3rd International Conference on Materials Research and Innovation (ICMARI 2021) was held on 15th – 17th December 2021, Bangkok, Thailand. The conference was conducted in frontier research on materials research and Innovation including Rubber and Polymeric Materials, Bio- and Green-materials, and Special Advanced Materials. This 3rd ICMARI was announced to focused on the Bio-Circular-Green Economic Model or BCG. The BCG has been applied by the research community and promoted by the Thai government as a new economic model for inclusive and sustainable growth, this BCG model also conforms with the UN Sustainable Development Goals (SDGs). The 3 ICMARI was a great opportunity for all participants to exchange knowledge and strengthen the research collaboration not only in ASEAN but also around the world. We hoped that the participants are fruitful by plenary and invited speakers from novel knowledge to new applications in the field of materials research and innovation.List of Organizing Committee, Editors of Proceeding and International Technical Committee are available in this pdf.

Uspostavljanje modela preduzetništva mladih za rast održivog poslovanja

The challenges brought by the COVID-19 pandemic and the changes in the globalized market significantly affect the way business is conducted. The modern business environment is characterized by the fourth industrial revolution - Industry 4.0. The role of technology is increasing, and the pandemic accelerated the application of information-communication technologies and the need for sustainable development and sustainable business. These changes and the global economic challenges point towards entrepreneurship as an important driver of technology development, innovation, and overall economic growth. Entrepreneurship and youth entrepreneurship can positively affect economic development. It reduces unemployment rates, increases the standard of living, and supports economic growth. In this paper, a youth entrepreneurship model for sustainable business growth is developed. The goal was to identify influencing factors on youth entrepreneurship development and sustainable business. The research approach included a thorough analysis of available data and analysis of the existing body of literature in the domain of entrepreneurship, youth entrepreneurship, sustainable development, Industry, and Industry 5.0. The findings indicate that youth entrepreneurship is influenced by a wide array of factors, most notably age, close social environment, attitudes, and awareness of incentive means. Furthermore, the developed model provides a significant insight into what major factors and sub-factors can affect youth entrepreneurship and sustainable business. It can be concluded that entrepreneurial education, a stimulating environment, and an entrepreneurial economy can significantly influence youth entrepreneurship and sustainable business growth. These findings are important for government policies and strategies when it comes to youth entrepreneurship and sustainable business growth.

Promoting Sustainable Green Growth through the Use of Political Institutions: The Role of the Law.

In the era of global development, due to the destruction of the environment by traditional production, traditional industries have been forced to open the road of green growth transformation. What kind of methods that can effectively promote sustainable green growth has become one of the current research topics that has attracted much attention. Addressing this issue is very important for the green growth sector. With the in-depth research on green growth, the research on the promotion of green growth by political institutions has gradually been carried out, and its policy advantages are of great significance to solve the problem of green growth transformation. The purpose of this paper is to examine the role of law in the promotion of sustainable green growth by political institutions. Through the analysis and research of sustainable green growth, law, and logistic regression model, it can improve the level of sustainable green growth of enterprises and solve the problem that the current level of sustainable green growth of enterprises is not high. This paper analyzes sustainable green growth, the role of law, and logistic regression models and uses relevant formulas to explain them. The experimental results show that the green growth index of group A production enterprises is higher than that of group B. Legal means have played a very important role in improving the level of sustainable green growth in the promotion of sustainable green growth by political institutions. It can meet the requirements of green growth under the current SDG concept, and its sustainability has been greatly improved.

The Forecasting export prospects based on sustainable growth – Empirical evidence in Vietnam

In recent years, import and export activities have changed drastically, indicating that this role is important for Vietnam's economic growth and development. The purpose of this paper to assess the export development goals according to the sustainable growth model of Vietnam. Data was collected from the website of the General Statistics Office of Vietnam in the period from 1995 to 2020, using the ARIMA model, analytical results with Eviews and SAS software show that Vietnam's goods exports have achieved a sustainable growth target with a stable growth percentage of the export goods with high-tech and technical content, and the export proportion of these sectors is now up to 87% of the total. Specifically in the manufacturing industry, with top export value, accounting for 44%, machinery, transport vehicles and spare parts with export value are second, equivalent to 24%, export value of processed other goods ranked, 13%, the processed goods classified according to the fourth largest export value of 6%. The forecast results also show that this structure continues to be stable and increased with the forecast figure of up to 91.9% by 2030, especially the export of machinery, means of transport and spare parts by 2030 will increase to 33%.