Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation
| dc.contributor.author | Khoury, Rim | |
| dc.contributor.author | Min Du, Anna | |
| dc.contributor.author | Nasrallah, Nohade | |
| dc.contributor.author | Marashdeh, Hazem | |
| dc.contributor.author | Atayah, Osama | |
| dc.date.accessioned | 2025-07-14T07:36:43Z | |
| dc.date.available | 2025-07-14T07:36:43Z | |
| dc.date.issued | 2025 | |
| dc.description | The global community continuously grapples with the challenge of harmonizing economic growth with environmental conservation. While economic development is essential for poverty alleviation and enhancing human well-being, the pursuit of growth often comes at the expense of environmental health, particularly when nations prioritize artificial luxury over ecological integrity (Goodell et al., 2023a; Goodell, et al., 2023b; Cheng et al., 2024; Hunjra et al., 2024). This trade-off frequently leads to increased greenhouse gas emissions, climate change, and environmental degradation, necessitating urgent interventions by policymakers and government authorities. The debate over the optimal balance between economic development and ecological preservation remains a contentious issue at all levels of discourse. Focusing specifically on the Middle East and North Africa (MENA) region, this geographical area is marked by rapid economic growth, high energy demands, and abundant natural resources (Ben Cheikh et al., 2021). | |
| dc.description.abstract | We examine the determinants of environmental degradation, focusing on MENA economies from 1991 to 2020, with a particular focus on the role of sectoral composition. Specifically, we assess the contributions of the industrial, manufacturing, agricultural, and service sectors to GDP and their impact on environmental outcomes. Employing augmented mean group estimation, we evidence that technological advancements and renewable energy consumption significantly reduce environmental degradation, and that multinational corporations from developed countries transfer beneficial environmental practices to local firms in emerging regions. Results offer new insights into the impact of financial, economic, and societal factors on environmental outcomes. Keywords CO2 Emissions, Ecological Footprint, MENA, Nonrenewable Energy, Renewable Energy | |
| dc.identifier.citation | El Khoury, R., Du, A. M., Nasrallah, N., Marashdeh, H., & Atayah, O. F. (2025). Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation. Research in International Business and Finance, 73, 102557. | |
| dc.identifier.doi | https://doi.org/10.1016/j.ribaf.2024.102557 | |
| dc.identifier.uri | https://repository.adu.ac.ae/handle/1/7252 | |
| dc.language.iso | en | |
| dc.publisher | Elsevier | |
| dc.title | Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation | |
| dc.type | Article |