The Effect of Environmental Deterioration and Socio-Cultural Factors on Economic Sustainability in Asia Pacific Selected Countries
Year: 2024
Type: article
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.
DOI: 10.32479/ijeep.17472
Institution: Beirut Arab University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $590
OpenAlex ID: W4405682800