The effects of regional trade integration and renewable energy transition on environmental quality: Evidence from South Asian neighbors

Improving environmental quality across South Asia has become one of the utmost important policy agendas of the concerned governments. The susceptibility of the majority of the South Asian countries to multifaceted climate change adversities has motivated the need to identify the factors that can function to ensure environmental sustainability across South Asia. Although several studies have highlighted the importance of globalization and cleaner energy use in tackling the environmental degradaton issues of the South Asian countries, very little is known regarding the impacts of regional trade and renewable energy transition in this regard. Hence, this paper aims to scrutinize the effects of enhancing intra-regional trade integration and undergoing renewable energy transition on per capita carbon dioxide emissions in the context of six South Asian nations between 1990 and 2016. The results from the recently developed cross-sectionally augmented autoregressive distributed lag regression approach, accounting for cross-sectional dependency and slope heterogeneity issues, reveal that facilitating trade among the South Asian neighbors reduces carbon emissions in both the short and long run. Moreover, enhancing the share of renewable energy in the aggregate energy consumption figures is also found to reduce carbon dioxide emissions in both the short and long run. Furthermore, both regional trade integration and renewable energy transition are found to jointly reduce carbon dioxide emissions in South Asia. The results also authenticate the existence of the environmental Kuznets curve hypothesis, while financial development and urbanization are found to boost carbon dioxide emissions only in the long run.     

Does a one-size-fits-all approach to financial regulations alleviate default risk? The case of dual banking systems

Financial regulations are developed to curb financial and economic fragility costs without undermining the economic contributions of banks to economic development. To understand the impact financial regulations have on reducing the financial fragility of banks we use the probability-of-default of banks as a proxy for bank failure. After analyzing data collected from 15 countries with a dual banking system for the period 2000–2015, we find convincing evidence that not all financial regulations have risk-reducing benefits for banks and the impact of financial regulations on default risk is not the same for conventional banks (CBs) and Islamic banks (IBs). The empirical evidence suggests that regulations that lessen overall default risk have a greater impact on IBs while those increasing default risk have a greater impact on CBs. Based on our findings we recommend that regulators should consider the different natures of CBs and IBs and tailor financial regulations to suit these operationally distinct financial intermediaries.     

Impact of Islamic Work Ethics on Organizational Citizenship Behaviors and Knowledge-Sharing Behaviors

This study examines the impact of Islamic Work Ethic (IWE) on organizational citizenship behaviors (OCBs) and knowledge-sharing behaviors (KSBs) among university employees in Pakistan. A total of 215 respondents from public sector educational institutions participated in this research. The findings suggest that IWE has a positive effect on OCBs. In other words, individuals with high IWE demonstrate more citizenship behaviors than those with low IWE. The findings also suggest a positive effect of IWE on KSBs. Individuals with high IWE exhibit more KSBs than those with low IWE. The paper also discusses the theoretical and practical implications of these findings.     

Propagation of the Multi-Scalar Aggregative Standardized Precipitation Temperature Index and its Application

Water Resources Management - Nowadays, drought monitoring with various probabilistic indices has become common. However, the interpretation and applicability issues of multi-scalar drought indices...     

Use of Geographic Information Systems (GIS) in water resources: A review

Increasing public awareness, stricter measures and promulgation of new laws in the area of water resources have made the use of advanced technologies indispensable. Geographic Information Systems (GIS) are an effective tool for storing, managing, and displaying spatial data often encountered in water resources management. The application of GIS in water resources is constantly on the rise. In order to stress the importance of GIS in water resources management, applications related to this area are addressed and evaluated for efficient future research and development. Fundamentals of GIS are summarized and the history of the GIS evolution in water resources is discussed. Current GIS applications are presented including surface hydrologic and groundwater modeling, water supply and sewer system modeling, stormwater and nonpoint source pollution modeling for urban and agricultural areas, and other related applications. Future research and development needs are presented, based on these reviews.     

Impact of employees’ perceived threat of market competition on unethical marketing and selling practices: Moral disengagement and ethical leadership

This study draws on the social cognitive theory to examine the effect of perceived market competition on employees’ unethical marketing and selling practices. The boundary conditions associated with this relationship were examined, and we posit that perceived market competition is related to unethical marketing and selling practices through the mediating mechanism of moral disengagement. We further propose that ethical leadership moderates the relationship between the perceived threat of market competition, moral disengagement, and tendency toward unethical marketing and selling practices. We tested our hypotheses with a sample of 387 employees working in the banking sector in Pakistan. Our results suggest that moral disengagement had a full mediation effect between the perceived threat of market competition and tendency of employees toward unethical marketing and selling practices. Moreover, ethical leadership moderated the relationship between moral disengagement and the tendency of employees toward unethical marketing practices. The research findings indicate that when field employees encounter threat perceptions due to market competition, they have a propensity toward engaging in unethical marketing and selling practices when they can activate moral disengagement. This study also found that ethical leadership negatively moderates the relationship of moral disengagement with employees’ tendency toward unethical marketing and selling practices.     

A Monte Carlo Simulation-Based Approach to Evaluate the Performance of three Meteorological Drought Indices in Northwest of Iran

Although meteorological drought indices are considered as important tools for drought monitoring, they are embedded with different theoretical and experimental structures. Regarding the different geographic and climatic conditions around the world, the most meteorological drought indices have been commonly applied for drought monitoring in different parts of the world. Interestingly, it is observed that such indices in the published studies on drought monitoring have usually yielded inconsistent performance. On the other hand, most studies on drought monitoring as well as the performance of drought indices has been based on short-term historical data (less than 50 years). Therefore, this study aimed to analyze and compare the performance of three common indices of SPI, RAI and PNPI to predict long-term drought events using the Monte Carlo procedure and historical data. To do this end, the 50-year recorded or historical rainfall data across 11 synoptic stations in the Northwest of Iran were employed to generate 1000 synthetic data series so that the characteristics of long-term drought might be determined and the performance of those three indices might be analyzed and compared. The results indicated a very high comparative advantage of the SPI in terms of yielding a satisfactory and detailed analysis to determine the characteristics of long-term drought. Also, the RAI indicated significant deviations from normalized natural processes. However, these results could not reasonably and sufficiently predict long-term drought. Finally, the PNPI was determined as the most uncertain and spatial index (depending on average or coefficient of variation of rainfall data) in drought monitoring.     

Foreign Direct Investments,Renewable Electricity Output,and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

Asia-Pacific Financial Markets - Phasing out fossil fuel dependency to adopt renewable energy technologies is pertinent for both ensuring energy security and for safeguarding the well-being of the...