Nexus between biomass energy, economic growth, and ecological footprints: empirical investigation from belt and road initiative economies.

Several emerging economies, including economies in belt and road initiative (BRI), are experiencing difficulty attaining sustainable development goals. The efficient utilization of biomass energy sources plays an essential role in attaining sustainable development goals, especially among developing economies. This study empirically investigates the ecological footprints, biomass energy demand, and per capita income association for 30 BRI economies from 1995 to 2021. The study incorporates cointegration and panel quantile regression (PQR) to identify the relationship among discussed variables. Empirical outcomes indicate a negative significant biomass energy demand and ecological footprints relationship, especially among the economies with high traits of ecological footprints. Moreover, the empirical findings also confirm the negative significant per capita income and ecological footprints relationship, while the square of per capita income approves a significant positive association with ecological footprints. These estimates confirm the EKC hypothesis among per capita income and ecological footprints. The findings of the current study help to determine the optimum level of modern biomass energy consumption, which helps to attain economic growth without compromising ecological sustainability.

Effect of medical innovation policies on the prevention and control of the COVID-19 and the impact of the "Belt and Road" economy.

With the spread of the COVID-19, it is urgent for everyone to protect themselves. The introduction of the medical innovation policy has also brought certain effects to the prevention and control of the COVID-19. The specific effect will be reflected in the following research. This paper firstly analyzed research results related to medical innovation policy, COVID-19 prevention and control, and the "One Belt, One Road" economy, finding out the content that fits this research, and innovates the research work on this basis. Then, this paper provided a detailed explanation of medical innovation policies, the prevention and control of the COVID-19, and the "One Belt, One Road" economy. Among them, this paper focuses on the "One Belt and One Road," uses the α-convergence model to analyze the economic changes of the "One Belt and One Road," and conducts experimental tests in the medical field. The results have shown that from 2017 to 2019, the average hospitalization expenses paid by the pooled funds were 4986.19, 4997.34, and 4888.60 yuan, respectively.

Impact of human capital and financial globalization on environmental degradation in OBOR countries: Critical role of national cultural orientations.

As regional economic integration and climate change are among the most important phenomena influencing economic and social sustainability in the modern world, a huge volume of research is directed towards these topics nowadays. The aim of this study is to explore the impact of financial globalization and human capital on environmental degradation in One Belt One Road (OBOR) countries in a cultural context that is largely under-explored in spite of being immensely crucial for fulfilling the United Nations' agenda on climate change mitigation. Owing to the presence of vast cultural differences, we check if the national scores on "Power Distance Index" and "Uncertainty Avoidance" in these countries matter for the environment. To this end, we use the latest and annual data set comprising 31 OBOR countries from 1996 to 2018, and employ panel econometric techniques that effectively deal with the threat of endogeneity. Results show that human capital improves environment while financial globalization deteriorates it. Interestingly, high power distance and uncertainty avoidance can reverse the positive impact of human capital. Similarly, financial globalization is favorable for environment in countries with low power distance and uncertainty avoidance. The findings are robust to the use of alternative specifications. Theoretical underpinnings and implications are discussed arising from the interesting reversal of traditional impacts in different cultural scenarios. Specifically, we recommend a culture of entrepreneurship, innovation, and inclusivity, promoted through increased tolerance towards risk-taking and participative decision-making to reap the benefits of human capital and globalization in improving the environment. Our results have important implications for climate change mitigation endeavors in OBOR countries and understanding the cultural context in this regard. Additionally, our study opens a vast avenue for the related research work in the future.

Evaluation of One Belt One Road publications: a bibliometric and literature review analysis.

AbstractThe aim of the "One Belt and One Road" (OBOR) project proposed by China is to encourage extension of global value chains, facilitate regional integration and increase efficient resource allocation. In recent times, scientific literature has examined the investment decisions of the OBOR investment and how it will affect the governmental policies, environmental initiatives, and bilateral flow of economic resources. Current study, based on Web of Science database, uses bibliometric methodology to map the research trends in OBOR publications. We contribute in the economic literature in the associated fields of OBOR publications in the following ways: (1) identify the most influential researchers, articles, and academic institutions, (2) mapping the interdisciplinary character of OBOR investments and its bibliometric similarity to adjacent fields, (3) visualize nature and trends of the research field, and (4) synthesizing future research areas. Although OBOR initiative has received considerable traction, but to this date, there is no bibliometric study on this topic. The findings of current study will help policymakers and academics to navigate the OBOR literature, provide a systematic basis for developing the field, and suggest promising future research avenues.

Identifying the driving factors of NO2 pollution of One Belt One Road countries: satellite observation technique and dynamic spatial panel data analysis.

To recover the global economy, China in 2013 called for a new global strategy, namely, "One Belt and One Road Initiative" (BRI), which aims at reinforcing regional economic cooperation, enhancing regional collaboration of economic policy, and realizing the goal of rapid economic development of member countries. Accelerating industrialization not only has been recognized as an effective way to stimulate economic development, but also lead to the serious issue of environmental pollution, which challenges the environmental sustainability. In this study, we focus on the industrializing region as a study area to investigate the driving factors of environmental pollution. Technically, we utilized satellite observation technique to obtain NO2 columns data to denote environmental pollution and then applied dynamic spatial panel data models to evaluate what affects NO2 pollution levels. The findings are the following. (1) NO2 pollution exhibits significant and positive spatial autocorrelation, indicating spatial spillovers of NO2 pollution. (2) Lebanon, Bangladesh, Kyrgyzstan, and India experienced the largest increase of NO2 pollution while NO2 pollution in Singapore, Hungary, Greece, and Ukraine was substantially reduced. (3) The results of the dynamic spatial panel data models show that both the time dynamics effects and the spatial spillover effects are found to be significant and positive. In other words, both effects should be considered. Population is the foremost contributor to increase NO2 pollution while urbanization is an effective way to reduce pollution. An EKC relationship between NO2 pollution and per capita income was verified. Besides, industrialization, foreign direct investment, and trade openness have positive impacts on NO2 pollution.

A Role of Production on E-Commerce and Foreign Policy Influencing One Belt One Road: Mediating Effects of International Relations and International Trade.

One Road One Belt has made a drastic change not only to the lives of people but also to their minds and future prospective. This initiative has connected not only countries but has consolidated trading patterns. It has not only impacted physical trade but has also boosted the e-commerce of China. Therefore, this study has tried to find the major patterns of trading across the globe and digital commerce considering the factors of production. China, being the cheapest country for manufacturing, has excelled in the e-commerce as well. The targeted population for this study was contractors, marketers, logistic service providers, and engineers. The sample size in this study was 329. Data collection was done through a survey developed on the Likert scale. The software used for the data analysis was Smart-PLS for structural equation modeling. Findings of the study show that factors of production and international trade have an impact on e-commerce. Moreover, the foreign policy and international relations have also been found to have a significant role in e-commerce (digital entrepreneurship).

[Strategy programming for acupuncture development along One-Belt-One-Road countries].

Acupuncture has been applied in 183 countries and regions and gradually become a name card as TCM spreads across the world. The international influence of which plays a significant role in enhancing TCM development. The laws and regulations of TCM acupuncture along One-Belt-One-Road countries were compared and analyzed in this article. With comprehensive research and analysis, the international development strategy of acupuncture was rationally proposed. Combined with the historical background of China's national initiative One-Belt-One-Road, the acupuncture was taken as a breakthrough to lead the global spreading of TCM culture and Chinese herbs, so as to enhance China's soft strength, which could further create a fine cultural environment for the economic prosperity of One-Belt-One-Road countries. In addition, the strategy selection for China regarding TCM acupuncture development along One-Belt-One-Road countries was proposed, and the suggestive solution and implementation strategy for the essential missions and significant issues were provided.

Environmental and social risk evaluation of overseas investment under the China-Pakistan Economic Corridor.

Along with the further implementation of the "One Belt, One Road" initiative and the promotion of the China-Pakistan Economic Corridor (CPEC), the construction of the CPEC will likely face challenges owing to differences between China and Pakistan in politics, economics, culture, religion, language, customs, environmental management systems, environmental protection laws, social management systems, and social management regulations. To address potential environmental and social risks associated with Chinese enterprises as they invest in the CPEC region, this paper examines previous studies addressing topics such as the environmental and social safeguards of international institutions and Pakistan's domestic environmental and social management requirements. We then systematically identify the environmental and social risk factors involved in CPEC construction, which cover risks regarding water, air, soil, noise, biodiversity, politics, economics, culture, technology, and individuals. By establishing and calculating these risks and using a multi-fuzzy comprehensive evaluation model, we found that noise and individual risks belong to a medium risk category, while others belong to a higher risk category. In view of these risks, the Chinese government must create a friendly and peaceful environment for Chinese enterprises to invest in the CPEC region, and Chinese enterprises must adopt a development strategy of strength and capacity building and establish enterprises capable of addressing environmental and social issues during the investment process. All stakeholders must understand that if no determined and diligent steps are taken, CPEC construction might be doomed for failure from the start.