Template-Type: ReDIF-Article 1.0
Author-Name: Najia, Noura
Author-Name-First: Noura
Author-Name-Last: Najia
Author-Email: noura.najia@hotmail.com
Author-Workplace-Name: PhD Candidate in Economics, Beirut Arab University, Lebanon
Author-Name: Taher, Hanadi
Author-Name-First: Hanadi
Author-Name-Last: Taher
Author-Email: h.taher@bau.edu.lb
Author-Workplace-Name: Beirut Arab University, Lebanon
Author-Name: Elkader, Ghassan Abed
Author-Name-First: Ghassan Abed
Author-Name-Last: Elkader
Author-Email: g.abdelkader@bau.edu.lb
Author-Workplace-Name: Beirut Arab University, Lebanon
Title: The Effect of Environmental Deterioration and Socio-Cultural Factors on Economic Sustainability in Asia Pacific Selected Countries
Abstract: Many studies and scholars focus on the impact of climate change and pollution on economic green growth, linked to cultural variables. The discussed socio-cultural factors are measured by World Values Surveys, and environmental deterioration presented as different types of pollution are both independently essential for economic sustainability. The article refers to the socio-cultural index and sustainability. Environmental deterioration index as calculated by principal component analysis; Socio-cultural index formed by culture dimensions most of them mentioned by Hofstede (1980) such as masculinity, individualism and power distance; also, social development, and life expectancy and education level. Based on Environmental Kuznets Curve, there is a strong linkage among environmental degradation and income level. This paper applies Panel data by using generalized least square estimation; due to the existence of heteroskedasticity and serial correlation validate by Durbin-Watson test and Breusch-Pagan test respectively. The data was taken from World Value Surveys and European Value Surveys for Hofstede dimensions; World Bank such as GDP per capita, FDI, life expectancy at birth, tertiary school enrollment, and land pollution; and BP statistics of world energy for CO2 over years 2000-2022. The results show negative causal relationship between socio-cultural and economic sustainability and, a positive impact of environmental deterioration on economic.
Keywords: Economic Sustainability, Social Factors, Cultural Factors, Environmental Deterioration, Kuznets Curve, Asia Pacific
Journal: International Journal of Energy Economics and Policy
Pages: 8-14
Volume: 15
Issue: 1
Year: 2024
Month: 12
DOI: 10.32479/ijeep.17472
File-URL: https://econjournals.com/index.php/ijeep/article/download/17472/8404
File-Format: application/pdf
Handle: RePEc:eco:journ2:v:15:y:2024:i:1:id:17472