Rural tourism has been developing vigorously, and rural community functions are becoming diversified in China. Therefore, this paper takes China as an example to explore how sustainable rural tourism affects rural community development in the long and short run over the period 1994–2020. Sustainable rural tourism can be measured using two indicators: total rural tourism revenue and number of rural tourists. Rural community development is measured by the number of rural community service institutions. Then, by incorporating other variables and using the autoregressive distributed lag bounds co-integration technique to perform an empirical analysis, we found that, whether in the long or short run, sustainable rural tourism always plays a positive and significant role in promoting rural community development. In particular, in the long run, rural infrastructure construction, rural ecological environment, agricultural fiscal expenditure, agricultural technological progress, and rural human capital are identified as the major forces behind rural community development. Meanwhile, in the short run, rural infrastructure construction, rural ecological environment, agricultural fiscal expenditure, agricultural technological progress, and rural human capital are also major drivers of rural community development. This paper contributes to the current literature by filling in the existing gaps in several aspects.
With the continuous promotion of China’s new rural construction, rural tourism is considered to be an important driving force to promote the sustainable development of rural economy. Sustainable farmers’ income is a major part of the sustainable development of rural economy. Therefore, this paper attempts to explore the effect of rural tourism on sustainable farmers’ income. Using China’s provincial panel data over the period of 2003 to 2020 and employing the mediation effect model to perform empirical analysis, four results are obtained: (1) rural tourism positively and significantly affects sustainable farmers’ income. However, among five kinds of farmers’ income, the coefficients in magnitude are different. (2) A mediation effect of rural ecological environment on the relationship between rural tourism and sustainable farmers’ income exists. (3) A mediation effect of urbanization on the relationship between rural tourism and sustainable farmers’ income also exists. (4) On the whole, the mediation effect of rural ecological environment on the relationship between rural tourism and sustainable farmers’ income is less than that of the mediation effect of urbanization. Based on the evidence this paper provides, corresponding suggestions are raised to promote sustainable farmers’ income.
This article investigates the interplay between renewable energy utilization and the implementation of circular economy frameworks and its role in shaping environmental sustainability across 30 provinces in China from 2000 to 2023. When employing panel data methodologies, including fixed effects, dynamic ordinary least squares, and fully modified ordinary least squares, the results reveal that both the circular economy strategy and renewable energy utilization play significant roles in reducing CO2 emissions. Renewable energy utilization has a strong negative association with CO2 emissions, highlighting its transformative potential to decrease the reliance on fossil fuels and advance decarbonization. The circular economy strategy effectively enhances resource efficiency and minimizes waste, underscoring the efficacy of China’s Circular Economy Promotion Law in driving sustainable practices. The inclusion of control variables—industrialization, economic growth, urbanization, population density, and foreign direct investment—provides deeper insights into the diverse regional factors influencing emissions. These findings highlight the importance of implementing region-specific policy measures that integrate renewable energy transitions and the circular economy strategy to achieve environmental sustainability. While presenting robust evidence, this study acknowledges the need for future studies to overcome its limitations, such as studies exploring the function of technological advancements and the interprovincial spillover effects of policies, to further refine the strategies for sustainable development in rapidly industrializing economies.
Korea’s economy has suffered greatly as a result of the COVID-19 pandemic. Based on such a background, this paper investigates the macroeconomic effects of the COVID-19 pandemic. Via impulse response function analysis, the results reveal that the COVID-19 pandemic has a considerable short-term influence on Korea’s key macroeconomic variables, while its long-term effects are not significant. As a consequence of the COVID-19 pandemic, total demand in Korea has decreased. It is mostly reflected in the lower consumption and investment demand. Simultaneously, this has put increased pressure on inflation and unemployment. Moreover, the results also show that government investment expenditure and monetary policy may, to some degree, ameliorate the status of consumption demand. Meanwhile, they may alleviate employment pressures in order to boost output. In reality, both have some negative consequences. Based on the evidence presented in this article, the Korean government may implement appropriate policies to ensure the smooth functioning of the Korean macroeconomy.
As the detrimental effect of greenhouse gas emissions becomes increasingly significant, it has been a worldwide concern. As a result, the purpose of this paper is to examine the effect of sustainable financial development on greenhouse gas emissions via heterogeneous technological progress, using 162 countries as a sample. Empirical assessment is conducted using panel data from 2000 to 2019 and the mediation effect model as well as the country and year fixed-effect model. The findings are shown as follows: (1) Greenhouse gas emissions are increased as a result of sustainable financial development. (2) Environmental technology progress and technology choice progress have a dilution effect. Together, they have the ability to lower the amount of greenhouse gas emissions caused by sustainable financial development. However, these two dilution effects do not completely cut down on the amount of greenhouse gas emissions that come from global sustainable financial development, even though they do help. (3) The direct and indirect effects of sustainable financial development on greenhouse gas emissions are heterogeneous among countries with different income levels. Through technological progress, sustainable financial development in middle-income countries significantly cuts greenhouse gas emissions. Sustainable financial development, on the other hand, increases greenhouse gas emissions in both high- and low-income countries, although there are distinctions between them. (4) Environmental technology progress in high-income countries has a dilution effect. Meanwhile, technological choice and progress in low-income countries have a mediating effect on greenhouse gas emissions. To conclude, the evidence provided in this paper may provide some potential solutions to the issue of greenhouse gas emissions, and also enrich the existing literature.
Energy transformation and environmental quality are now fundamental components of China’s economic development plans, which are being reorganized to ensure the dependability of the energy supply and protect environmental quality. Nonetheless, technical inefficiency is one of the most significant obstacles to achieving these overall objectives. Therefore, utilizing yearly data from 2000 to 2021 and the autoregressive distributed lag model, this article examines the implications of information and communication technology trade openness on China’s energy transformation and environmental quality. The findings indicate that information and communication technology trade openness has a favorable impact on environmental quality as a consequence of its negative impact on carbon dioxide emissions. Moreover, the findings indicate that information and communication technology trade openness has a beneficial impact on energy transformation due to its positive impact on renewable energy consumption and negative impact on energy intensity. In conclusion, our findings demonstrate the necessity of eliminating obstacles to information and communication technology trade in China in terms of guaranteeing energy transformation and environmental quality. Therefore, it is optimal for China’s government to progressively reduce trade barriers in order to increase cross-border flows of information and communication technology products.
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567 Baekje-daero, Deokjin-gu, Jeonju-si, Jeollabuk-do, 54896 Republic of Korea
567 Baekje-daero, Deokjin-gu, Jeonju-si, Jeollabuk-do, 54896 Republic of Korea