Regional & Urban Planning

Article Development Studies

Influence of growth and urbanization on CO2 emissions: The moderating effect of foreign direct investment on energy use in BRICS

Daniel Balsalobre-Lorente, Oana M. Driha, George Halkos, Shekhar Mishra

Summary: This study analyzes the relationship between foreign direct investment, economic growth, urbanization, energy use, and carbon emissions in BRICS countries between 1990 and 2014. The results confirm both the environmental Kuznets curve and pollution haven hypotheses, highlighting the moderating effects of foreign direct investment and energy usage on carbon emissions. The study suggests promoting renewable sources and boosting clean foreign industries in host countries.

SUSTAINABLE DEVELOPMENT (2022)

Article Business

Effects of of China's pilot low-carbon city policy on carbon emission reduction: A quasi-natural experiment based on satellite data

Weidong Huo, Jie Qi, Tong Yang, Jialu Liu, Miaomiao Liu, Ziqi Zhou

Summary: Economic development has led to global greenhouse gas emissions and climate change, posing a common challenge for all nations. Cities, as drivers of national economic development, have a crucial role in low-carbon development and climate change mitigation. China has actively explored and implemented pilot policies for low-carbon cities to reduce emissions and mitigate climate change. Findings from this study show that pilot cities achieved an annual carbon emission reduction of approximately 2.72%, resulting in a gross domestic product loss of around 1.19 trillion yuan from 2013 to 2017. These reductions were achieved through adjustments in industrial structure, promotion of technological innovation, and investment in low-carbon technologies.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

The interrelationship between the carbon market and the green bonds market: Evidence from wavelet quantile-on-quantile method

Xiaohang Ren, Yiying Li, Cheng Yan, Fenghua Wen, Zudi Lu

Summary: This study constructs a framework based on multiple time scales and market conditions to quantify the interrelationship between carbon futures and green bond markets. The study finds that carbon futures have positive effects on the green bond market in the medium to long term, but exhibit erratic performance in the short term. The effects are more pronounced when both markets are in an extreme state.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Renewable energy technology innovation, industrial structure upgrading and green development from the perspective of China?s provinces

Yi Su, Qi-ming Fan

Summary: Based on empirical analysis, this paper finds that renewable energy technology innovation has a significant positive impact on green development, while the rationalization of the industrial structure also has a positive effect on green development. However, the advancement of the industrial structure has a negative impact on green development. The study further reveals a mutually exclusive effect between renewable energy technology innovation and industrial structure upgrading, but their joint effect can promote the positive impact of technological innovation on green development while restraining the negative effect of industrial structure advancement.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Impacts of influencer attributes on purchase intentions in social media influencer marketing: Mediating roles of characterizations

Hisashi Masuda, Spring H. Han, Jungwoo Lee

Summary: This study examines the importance of parasocial relationships between social media influencers and followers in purchase intention, finding that PSR has a significantly positive impact on purchase intentions. Additionally, personal attributes, characterizations, and influencer types play important roles in the formation of PSR.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Can public participation constraints promote green technological innovation of Chinese enterprises? The moderating role of government environmental regulatory enforcement

Li Zhao, Ling Zhang, Jianxin Sun, Pengfei He

Summary: This study examined the impact of public participation on green technological innovation in Chinese enterprises, categorizing the constraints into dimensions of news media, community residents, and ENGOs. Results showed that constraints from news media and community residents were conducive to green technological innovation, while constraints from ENGOs had a weaker effect. Environmental regulatory enforcement played a positive moderating role in the relationship between ENGO constraints and green technological innovation.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Regional & Urban Planning

Adaptation to Resilience Planning: Alternative Pathways to Prepare for Climate Change

Sierra C. Woodruff, Sara Meerow, Missy Stults, Chandler Wilkins

Summary: Increasingly, local governments are developing resilience plans to address climate change impacts. However, these plans lack critical elements for climate preparedness, although they provide a platform to tackle economic, social, and environmental policies that may amplify climate change impacts. Resilience planning represents an alternative, potentially complementary approach to climate change preparedness, but there is still room for improvement.

JOURNAL OF PLANNING EDUCATION AND RESEARCH (2022)

Article Development Studies

Do green innovation and financial globalization contribute to the ecological sustainability and energy transition in the United Kingdom? Policy insights from a bootstrap rolling window approach

Muhammad Ramzan, Ummara Razi, Muhammad Umer Quddoos, Tomiwa Sunday Adebayo

Summary: This study investigates the impact of green innovation and financial globalization on environmental sustainability and energy transition in the UK. The results show that green innovation and financial globalization have a unidirectional causality towards environmental sustainability and energy transition.

SUSTAINABLE DEVELOPMENT (2023)

Article Business

Do government subsidies improve innovation investment for new energy firms: A quasi-natural experiment of China's listed companies

Zhanchi Wu, Xiangjun Fan, Bangzhu Zhu, Jiahui Xia, Lin Zhang, Ping Wang

Summary: This paper applies fixed effects and difference-in-differences models to investigate the impact of government subsidies on the innovation investment of new energy firms in China. The empirical results suggest an inverted U-shaped relationship between subsidy scale and enterprise innovation investment. Higher subsidy levels have a crowding out effect on research and development (R&D) investment, primarily due to managerial myopia. The existence of this crowding out effect is further confirmed through an exploration of China's 2016 new energy vehicle subsidy adjustment policy. This study reveals the optimal choice of government intervention.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Environmental Studies

The Hope Fulfilled? Measuring Research Performance of Universities in the Economic Crisis

Qiantao Zhang, Paige A. Clayton, Shiri M. Breznitz

Summary: The economic and financial crisis between 2008 and 2013 led universities to reconsider their funding allocations. While some universities were able to increase their research expenditure during this period of budget constraints, the efficiency of research funding declined. Governments and universities focused too narrowly on the financial terms of research and neglected other factors affecting academic research performance.

INTERNATIONAL REGIONAL SCIENCE REVIEW (2022)

Article Business

Blockchain as a sustainability-oriented innovation?: Opportunities for and resistance to Blockchain technology as a driver of sustainability in global food supply chains

Nicola Friedman, Jarrod Ormiston

Summary: Blockchain technology is seen as both a tool for sustainability and a broader philosophical mindset in global food supply chains. It has the potential to ensure fairer supply chains, enhance food traceability, and drive environmental sustainability. However, there are functional and psychological barriers, as well as cooperative barriers and resistance to change, hindering its potential as a sustainability-oriented innovation.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Optimal green technology investment and emission reduction in emissions generating companies under the support of green bond and subsidy

Jafar Hussain, Chien -Chiang Lee, Yongxiu Chen

Summary: This study proposes a monopoly market model and develops a simulation-based optimization model to measure the optimal behavior of green technology investment and the government's optimal subsidy. The results of the study help the government find the best green technology investment and subsidy, and help decision-makers achieve environmental improvement and profit maximization.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Does green financial policy affect debt-financing cost of heavy-polluting enterprises? An empirical evidence based on Chinese pilot zones for green finance reform and innovations

Jinyan Shi, Conghui Yu, Yanxi Li, Tianhe Wang

Summary: This paper examines the impact of the green finance reform and innovation pilot policy on the debt-financing cost of heavy-polluting enterprises in China. The results show a substantial decrease in the debt-financing cost of these enterprises in the pilot zones, indicating a significant incentive effect of the policy. Mechanism analyses further reveal that the policy stimulates the reputation insurance effect through signal transmission, rather than the innovation compensation effect proposed by Porter Hypothesis.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Development Studies

Green innovation and China's CO2 emissions - the moderating effect of institutional quality

Baolong Yuan, Chen Li, Hongyuan Yin, Meng Zeng

Summary: The study shows that green innovation significantly reduces CO2 emissions in China, especially when institutional quality is high. In the western region, the reduction of CO2 emissions through green innovation increases as institutional quality improves. Green innovation had a greater impact on CO2 emissions reduction in 2013-2017 compared to 2005-2012.

JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT (2022)

Article Business

Environmental regulation, technology innovation, and low carbon development: Revisiting the EKC Hypothesis, Porter Hypothesis, and Jevons' Paradox in China's iron & steel industry

Xiaoling Wang, Tianyue Zhang, Jatin Nathwani, Fangming Yang, Qinglong Shao

Summary: By using the vector error correction model and analyzing Chinese industrial data, this study explores the relationships between CO2 emissions, energy efficiency, economic performance, environmental regulation, and technological innovation. The empirical results provide support for the Environmental Kuznets Curve hypothesis, weak Porter Hypothesis, and Jevons' Paradox.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Renewable energy and technological innovation: Which one is the winner in promoting net-zero emissions?

Chi-Wei Su, Li-Dong Pang, Ran Tao, Xuefeng Shao, Muhammad Umar

Summary: This paper investigates the capacity of renewable energy consumption and technological innovation in promoting net-zero emissions in the U.S. The study finds that renewable energy consumption has a significant emissions-mitigating effect, while technological innovation plays a weak role in emissions reduction. The findings suggest that industries should enhance environmental awareness and incentives for renewable energy-related technological innovation, and the government should adopt measures to promote renewable energy consumption.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Business

Forecasting credit ratings of decarbonized firms: Comparative assessment of machine learning models

Baojun Yu, Changming Li, Nawazish Mirza, Muhammad Umar

Summary: This study evaluates the ability of machine learning models to predict credit ratings of eco-friendly firms, finding that classification and regression trees have the highest precision for credit rating predictions. Even when constrained to specific rating categories, accuracy remains robust. The results suggest that a random forest ensemble can be used in combination with regression trees to predict default or near default ratings.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

Article Geography

Rural innovation system: Revitalize the countryside for a sustainable development

Ximing Yin, Jin Chen, Jizhen Li

Summary: A world with large disparities in development between rural and urban areas cannot achieve sustainable development goals. This paper proposes the concept of rural innovation system and compares it with urban innovation system. It introduces a theoretical model of the rural innovation system and outlines future challenges. This has significant implications for rural studies, innovation systems, and public policy.

JOURNAL OF RURAL STUDIES (2022)

Article Development Studies

Environmental impact of infrastructure-led Chinese outward FDI, tourism development and technology innovation: a regional country analysis

Yu Zhuang, Shuili Yang, Asif Razzaq, Zeeshan Khan

Summary: The study examines the impact of infrastructure-led Chinese outward foreign direct investment, tourism development, and technology innovation on carbon emissions in Belt and Road Initiative countries. Results show that foreign direct investment and technology innovation reduce emissions, while tourism development interacting with foreign direct investment leads to higher emissions.

JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT (2022)

Article Development Studies

A green path towards sustainable development: Optimal behavior of the duopoly game model with carbon neutrality instruments

Jafar Hussain, Chien-Chiang Lee

Summary: This study examines the role of carbon neutrality instruments in a duopoly market and finds that green bond provision, emission tax, and emission quota play vital roles in achieving carbon neutrality. Different combinations of carbon neutrality instruments can significantly reduce carbon emissions, aiding governments in determining optimal carbon neutrality policies.

SUSTAINABLE DEVELOPMENT (2022)